SGP Credit publishes a loan calculator and says its charges stay within the legal limits, but it does not publish a rate for your profile. What you pay, and how much cash you receive after any admin fee, only appears in a written offer.
Because SGP Credit participates in PickMeALoan, one application can request its offer alongside other participating licensed lenders. Compare personal loan options through PickMeALoan, then compare the same amount and repayment period for cash received, fees, instalments and total repayment. 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 SGP Credit charge?
SGP Credit’s homepage says rates are capped by law and that your total cost can never exceed the amount you borrowed. Its calculator lets you adjust the amount, tenure and rate to see an instalment, total interest and admin fee, which it describes as indicative.
What SGP Credit publishes about cost
Advertised starting rate
From3.92%/ month
- PickMeALoan directory
- From 3.92% per month in PickMeALoan's licensed-lender directory on 10 September 2026
- What it is not
- A rate for your profile; the legal maximum is 4% per month
- Loan calculator
On its homepage: The calculator shows the instalment, total interest and admin fee for an amount, tenure and rate you choose
What it is not: SGP Credit calls the figures indicative; final terms are confirmed in writing after assessment
- Fees
Company statement: SGP Credit says fees stay within statutory limits and total cost cannot exceed the amount borrowed
Legal maximum: Upfront fee up to 10% of principal; late fee up to S$60 for each month of late repayment
- Business loans
Separate products: Business term, working-capital and SME loans are priced on the business profile
How to compare: Only against other business offers; personal-loan figures do not apply
The from-3.92% figure is an advertised starting rate, not a personal quote. Confirm your rate and fees in the written offer.
For business loans, the rate and terms depend on the type of financing, the loan amount and your business’s financial profile. The Ministry of Law borrower guide caps interest at 4% per month, the upfront fee at 10% of principal and the late fee at S$60 for each month of late repayment. These are legal maxima, not typical charges.
How does SGP Credit compare with PickMeALoan’s other participating lenders?
SGP Credit is one of five PickMeALoan participating lenders, with Best Licensed Moneylender, Credit Xtra, EZ Loan and Singa Credit. Offers remain subject to each lender’s assessment.
SGP Credit
ReviewedOn PickMeALoan
From3.92%/ month
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
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. SGP Credit is listed first, then the others alphabetically.
Sources: 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 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.
Read our reviews of Best Licensed Moneylender, Credit Xtra, EZ Loan and Singa Credit, then compare personal loan options through PickMeALoan using the same amount and repayment period.
What are SGP Credit’s strengths and limitations?
Strengths
- PickMeALoan participating lender, so its offer can be compared in one application
- Business and SME focus, with products for entrepreneurs and working capital
- Online calculator shows an indicative instalment, total interest and admin fee
- Singpass online application with a stated callback within one business day
- Same-day approval and cash disbursement advertised, subject to assessment
Limitations
- The from-3.92% starting figure is near the 4% legal cap
- Closed on Sundays and public holidays
- Single location in Jurong East, a trip for eastern and CBD borrowers
- Few negative reviews, so little evidence on how problems are handled
SGP Credit had a 5.0-star Google rating from 5,865 reviews when recorded in May 2026. As with other near-perfect scores at high volume, we cannot verify that every review is organic. Reviewers describe friendly, fast service and clear explanations, and some say they have returned for years. None of that shows what your loan will cost.
What can you borrow from SGP Credit, and who is eligible?
SGP Credit's product lineup is heavily weighted toward business and SME lending:
- Personal Loans
- Standard unsecured personal loans
- Business Loans
- General business financing
- Business Term Loans
- Fixed-term loans for specific business investments
- Business Working Capital Loans
- Short-term financing for operational cash flow
- SME Loans
- Tailored for small and medium enterprises
- Entrepreneur Loans
- For self-employed individuals and startup founders
- Business Financing Loans
- Flexible business financing arrangements
This business-heavy mix sets SGP Credit apart from lenders that mainly offer personal loans. Business loans are priced on the business profile, so compare them only with other business offers. Foreigners with valid work passes should confirm eligibility and documents directly.
For unsecured personal 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 SGP Credit amount or approval. See the Ministry of Law borrower guide.
How does the SGP Credit application process work?
You can apply on SGP Credit’s website with Singpass, request its offer through a PickMeALoan application, or contact +65 6466 1157 or info@sgpcredit.com.sg before visiting. The Ministry of Law Registry requires face-to-face identity verification at an approved place of business before a loan is granted.
From online application to Jurong East
Online application
Apply online with Singpass on SGP Credit's website, which promises a callback within one business day, or request its offer through PickMeALoan.
Prepare documents
NRIC or work pass, income proof and proof of address, plus ACRA profile and bank statements for business loans.
Branch verification
Complete face-to-face verification at Blk 133 Jurong Gateway Road, #01-295; same-day approval and disbursement are advertised, subject to assessment.
SGP Credit lists weekday hours of 11:30 am to 7:30 pm and Saturday hours to 7 pm, and closes on Sundays and public holidays.
Who may find SGP Credit useful?
SME owners and entrepreneurs
SGP Credit lists dedicated products for working capital, business terms and entrepreneur financing.
Borrowers who want an estimate first
Its calculator shows an indicative instalment, total interest and admin fee before you apply.
Borrowers in Jurong East and western Singapore
Blk 133 Jurong Gateway Road is a short walk from Jurong East MRT.
Borrowers comparing several participating lenders
Its offer can be requested in the same PickMeALoan application as the other participating lenders.
Where is SGP Credit and what should you confirm?
SGP Credit
Jurong East- Nearest MRT
- Jurong East MRT · 5 min walk
- Phone
- +65 6466 1157
- Hours
- Monday to Friday: 11:30am-7:30pm; Saturday: 11:30am-7:00pm; Closed on Sundays & Public Holidays
- Website
- www.sgpcredit.com.sg
- Licence
- 10/2026
- Recorded rating
- 5.0 / 5 from 5,865 reviews
SGP Credit is at Blk 133 Jurong Gateway Road, #01-295, Singapore 600133, at street level. From Jurong East MRT, exit towards Jurong Gateway Road and walk about 5 minutes to Block 133. Blocks 131, 133 and 135 each house several moneylenders, so check the unit number. It lists weekday hours of 11:30am to 7:30pm and Saturday hours of 11:30am to 7pm, and closes on Sundays and public holidays. See the Jurong East lender directory for the area.
What should you check before accepting an SGP Credit offer?
Five checks for an SGP Credit offer
- Verify SGP Credit Singapore Pte Ltd, licence 10/2026, and Blk 133 Jurong Gateway Road, #01-295 on the current Ministry of Law list.
- Ask whether the from-3.92% starting rate applies to you, and get your rate and EIR in writing.
- Check the written instalment, total interest and admin fee against any calculator estimate.
- For business finance, request the business terms separately; personal-loan figures do not apply.
- Keep the Note of Contract and receipts, and do not disclose your Singpass password or pay an advance fee to an unsolicited contact.
SGP Credit’s calculator and starting rate help you plan, but only its written offer shows the real cost. Compare that offer with other participating lenders’ 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.
