OT Credit does not publish a rate range. Its website calculator gives estimates, but what you pay, and how much cash you receive after any fee, only appears in a written offer.
That is the reason to compare before you commit. Compare personal loan options through PickMeALoan to request offers from its participating licensed lenders in one application, then set OT Credit’s written quote beside them for the same amount and repayment period. PickMeALoan is a commercial comparison and application platform, not the lender, and offers remain subject to each lender’s assessment.
What interest rate and fees does OT Credit charge?
OT Credit’s rates sit within the regulated cap of 4% per month, but it does not publish a range. Its website includes a Personal Loan Calculator for estimating repayments before you visit.
What OT Credit publishes about cost
Personal-loan rate
Not published
- Published rate
- No rate range is published; rates sit within the legal 4% monthly cap
- Ask for
- Your written rate, EIR and total repayment
Fees
Not published
- Published schedule
- No fee schedule was recorded
- Legal maximum
- Upfront fee up to 10% of principal; late fee up to S$60 for each month of late repayment
- Loan calculator
On its website: A Personal Loan Calculator on OT Credit's website estimates repayments before you visit
What it is not: An estimate, not a quote; the written offer sets your terms
- Total cost
Legal limit: Interest, late interest and fees together cannot exceed the loan principal
Compare: Ask staff to show more than one repayment scenario with its total repayment
OT Credit's calculator gives estimates. Compare the written offer, not the estimate.
A calculator estimate is useful for planning, not a quote. Ask staff to show more than one repayment scenario, each with its total repayment, and check the written offer against the Ministry of Law borrower guide, which caps total interest, late interest and fees at the loan principal.
How does OT Credit compare with PickMeALoan’s participating lenders?
OT Credit is not currently offered through PickMeALoan, so its quote has to come from OT Credit directly. PickMeALoan’s participating lenders include Best Licensed Moneylender, Credit Xtra, EZ Loan, SGP Credit and Singa Credit. Offers remain subject to each lender’s assessment.
OT Credit
ReviewedNot on PickMeALoan
Rate not published
Website calculator gives estimates only
Best Licensed Moneylender
On PickMeALoan
From1.01%/ month
Credit Xtra
On PickMeALoan
From3.00%/ month
Lender site says up to 4%
EZ Loan
On PickMeALoan
From0.82%/ month
Eligible applicants only
SGP Credit
On PickMeALoan
From3.92%/ month
Singa Credit
On PickMeALoan
From2.00%/ month
Lender site says as low as 1%
Advertised starting rates or published ranges, not quotes: each lender sets your rate, fees and approval after assessment. Participating lenders' figures were checked on 10 September 2026. OT Credit is listed first, then the others alphabetically.
Sources: OT Credit website · PickMeALoan licensed-lender directory · Credit Xtra homepage · EZ Loan public page · Singa Credit homepage
One application. PickMeALoan is a commercial comparison platform, not a lender.
The participating-lender rows use the public figures displayed in PickMeALoan’s licensed-lender directory when checked on 10 September 2026: Best Licensed Moneylender from 1.01% per month, Credit Xtra from 3.00% per month, SGP Credit from 3.92% per month and Singa Credit from 2.00% per month. EZ Loan’s figure of from 0.82% per month for eligible applicants comes from EZ Loan’s public page. These are advertised starting figures, not personal quotes or guaranteed approval. OT Credit publishes no rate, so its row shows the cap and its calculator.
Get OT Credit’s written offer, then compare personal loan options through PickMeALoan using the same amount and repayment period. Compare cash received, fees, total repayment and due dates. Read our reviews of Best Licensed Moneylender, Credit Xtra, EZ Loan, SGP Credit and Singa Credit.
What are OT Credit’s strengths and limitations?
Strengths
- Staff praised in reviews for patience and clear explanations with real examples
- Singpass online application OT Credit says takes under 5 minutes
- Personal Loan Calculator on its website for planning
- Same-day approval and cash disbursement advertised, subject to verification
- Says it offers 24/7 support and guidance
Limitations
- No published rate range or fee schedule
- Some reviews report inconsistent service quality
- Six loan types, a narrower range than some lenders
- Closed on Sundays and public holidays
OT Credit had a 4.9-star Google rating from 607 reviews when recorded in May 2026. Reviewers often name individual staff and say they walk through different loan terms with concrete repayment examples rather than just quoting a rate; staff may have changed since. Negative reviews mention high rates, which apply across moneylenders, and some inconsistency in service.
What can you borrow from OT Credit, and who is eligible?
OT Credit focuses on a core set of loan products:
- Personal Loans
- Standard unsecured personal loans for salaried workers
- Business Loans
- Working capital and expansion financing for businesses
- Bridging Loans
- Short-term financing to cover gaps between payments
- Emergency Fund Loans
- Fast-track loans for urgent financial needs
- Cash Advance Loans
- Small, short-term advances for immediate expenses
- Entrepreneur Loans
- For self-employed individuals and business owners
Foreigners with valid work passes should confirm eligibility and documents with OT Credit directly, as limits depend on income. Entrepreneurs should ask which documents replace payslips.
For unsecured loans, the Ministry of Law borrower guide sets the total maximum amount you may borrow at any time across all licensed moneylenders in Singapore:
Unsecured borrowing caps across all licensed moneylenders
Singapore citizens and PRs
Annual income and total cap
- Less than S$10,000
- S$3,000
- At least S$10,000 and less than S$20,000
- S$3,000
- At least S$20,000
- Six times monthly income
Foreigners residing in Singapore
Annual income and total cap
- Less than S$10,000
- S$500
- At least S$10,000 and less than S$20,000
- S$3,000
- At least S$20,000
- Six times monthly income
These legal ceilings apply across all licensed moneylenders. They are not a guaranteed OT Credit amount or approval. See the Ministry of Law borrower guide.
How does the OT Credit application process work?
You can complete OT Credit’s Singpass-integrated form at otcredit.com.sg, then visit the office, or call +65 6292 0119 during business hours. The Ministry of Law Registry requires licensed moneylenders to verify your identity face to face at an approved place of business before granting a loan.
From Singpass form to same-day decision
Online application
Apply online with OT Credit's Singpass form, which it says takes under five minutes.
Branch consultation
Consult at Blk 135 Jurong Gateway Road, #01-323, where staff walk through repayment options with worked examples.
Verification and signing
Complete face-to-face verification and sign; OT Credit advertises same-day approval and cash, which is not a promise.
OT Credit lists Monday to Saturday hours of 11:30 am to 7 pm and closes on Sundays and public holidays.
Who may find OT Credit useful?
First-time borrowers feeling anxious
Staff are praised for patience and for explaining terms with real repayment examples.
Borrowers in the Jurong East area
Blk 135 Jurong Gateway Road is a short walk from Jurong East MRT.
Entrepreneurs and small business owners
It lists entrepreneur and business loans for borrowers without traditional payslips.
Where is OT Credit and what should you confirm?
OT Credit
Jurong East- Nearest MRT
- Jurong East MRT · 5 min walk
- Phone
- +65 6292 0119
- Hours
- Monday to Saturday: 11:30am-7:00pm; Closed on Sundays & Public Holidays
- Website
- otcredit.com.sg
- Licence
- 100/2025
- Recorded rating
- 4.9 / 5 from 607 reviews
OT Credit is at Blk 135 Jurong Gateway Road, #01-323, Singapore 600135, at street level about 5 minutes from Jurong East MRT. Block 135 houses several moneylenders, including a Lending Bee branch, so check the unit number. It opens 11:30am to 7pm from Monday to Saturday. See the Jurong East lender directory for the area.
What should you check before accepting an OT Credit offer?
Five checks for an OT Credit offer
- Verify OT Credit Pte Ltd's current licence (100/2025 when last recorded) and Blk 135 Jurong Gateway Road, #01-323 on the Ministry of Law list.
- Ask for at least two repayment scenarios, each with its instalments and total repayment.
- Confirm the interest rate, EIR, administrative fee and cash received in writing.
- Check the written offer against any calculator estimate you made beforehand.
- Keep the Note of Contract and receipts, and do not disclose your Singpass password or pay an advance fee to an unsolicited contact.
Patient explanations help, but the written offer is what you compare. Set OT Credit’s quote beside offers for the same amount and repayment period before you sign. If the repayment would leave too little for rent, food, utilities, transport or existing debts, pause and consider non-loan assistance or debt counselling first.
