Singa Credit publishes two different starting figures: interest as low as 1% on its homepage, and from 2.00% per month in PickMeALoan’s directory. Neither is your rate. What you pay, and how much cash you receive after any fee, only appears in a written offer.
Because Singa 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 Singa Credit charge?
Singa Credit’s homepage, checked on 10 September 2026, advertises interest as low as 1% and promotes a One Percent Loan. All licensed moneylenders are capped at 4% per month, and your actual rate depends on your income, employment and amount.
What Singa Credit publishes about cost
Homepage rate
As low as1%interest
- Published figure
- Interest as low as 1% on the homepage checked 10 September 2026, promoted as its One Percent Loan
- Ask
- Whether you qualify and which rate basis applies
PickMeALoan directory
From2.00%/ month
- Displayed figure
- From 2.00% per month in PickMeALoan's licensed-lender directory on the same date
- Why they differ
- The two public figures are not the same; neither is a personal quote
- Fees
Company statement: Singa Credit describes a no-hidden-costs approach
Legal maximum: Upfront fee up to 10% of principal; late fee up to S$60 for each month of late repayment
- Total cost
Legal limit: Interest, late interest and fees together cannot exceed the loan principal
Ask for: Rate, EIR, fee deduction, instalments and total repayment
Singa Credit's own 1% figure and PickMeALoan's displayed from-2.00% figure differ. Confirm the rate in your written offer.
Singa Credit describes a no-hidden-costs approach and says it has been recognised as a Singapore Outstanding Enterprise; neither is a price. The Ministry of Law borrower guide caps the upfront fee at 10% of principal and the late fee at S$60 for each month of late repayment, and total interest, late interest and fees cannot exceed the loan principal.
How does Singa Credit compare with PickMeALoan’s other participating lenders?
Singa Credit is one of five PickMeALoan participating lenders, with Best Licensed Moneylender, Credit Xtra, EZ Loan and SGP Credit. Offers remain subject to each lender’s assessment.
Singa Credit
ReviewedOn PickMeALoan
From2.00%/ month
Lender site says as low as 1%
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
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. Singa Credit is listed first, then the others alphabetically.
Sources: PickMeALoan licensed-lender directory · Singa Credit homepage · Credit Xtra homepage · EZ Loan public page
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. The Singa Credit row also shows its homepage’s as-low-as-1% figure, because the two figures differ.
Read our reviews of Best Licensed Moneylender, Credit Xtra, EZ Loan and SGP Credit, then compare personal loan options through PickMeALoan using the same amount and repayment period.
What are Singa Credit’s strengths and limitations?
Strengths
- PickMeALoan participating lender, so its offer can be compared in one application
- Says it has operated since 1992, originally as Yong Seng Credit
- Homepage advertises interest as low as 1% through its One Percent Loan
- Advertised approval in as little as 8 minutes with same-day cash disbursement
- Nine loan products, including bridging, foreigner and Grab driver-friendly loans
Limitations
- Its homepage figure and PickMeALoan's displayed starting rate differ
- No Google Maps rating was retrievable, so review volume is hard to verify
- Bugis location may be inconvenient for borrowers in the west
- Weekend hours end at 3 PM, with appointments only after that
Singa Credit held a 4.9 out of 5 score on MoneylenderReview.com from 176 reviews when recorded in earlier research. Borrowers mention approvals within 15 minutes and transparent pricing, and several highlight its service for Grab drivers. Treat those as individual experiences, not a promise about your terms.
What can you borrow from Singa Credit, and who is eligible?
Singa Credit lists these loan products:
- Personal Loans
- Standard unsecured loans for any purpose
- Payday Loans
- Short-term loans bridging the gap to your next salary
- Bridging Loans (Home Sales)
- For homeowners awaiting proceeds from property sales
- Foreigner Loans
- Dedicated product for work pass holders
- Business Loans
- Working capital and business financing
- One Percent Loan
- Promoted with interest as low as 1%; ask whether you qualify
- Consolidation Loans
- Combine multiple debts into a single repayment
- Renovation Loans
- Financing for home improvements
- Medical Loans
- Cover unexpected medical expenses
Singa Credit says foreigners with valid work passes can apply for its foreigner loan, subject to assessment. Its pages mention loan amounts up to six times monthly salary, which is the legal ceiling for higher incomes rather than a Singa Credit promise.
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 Singa Credit amount or approval. See the Ministry of Law borrower guide.
How does the Singa Credit application process work?
You can visit Bugis Cube, call +65 6694 6166 or WhatsApp +65 8133 5518 to book, or request Singa Credit’s offer through a PickMeALoan application. Bring your NRIC or work pass, proof of income such as payslips or CPF statements, and proof of address. Singa Credit also advertises a 7-day service guarantee. The Ministry of Law Registry requires face-to-face identity verification before a loan is granted.
From Bugis Cube visit to same-day cash
Visit or book
Visit Bugis Cube, #02-01, book by phone or WhatsApp, or request Singa Credit's offer through a PickMeALoan application.
Get assessed
Singa Credit advertises approval in as little as 8 minutes; that is not a promise of approval.
Verification and signing
Complete face-to-face verification, read and sign; same-day cash disbursement is advertised after approval.
Weekend visits after 3 pm are by appointment only, and the office closes on public holidays.
Who may find Singa Credit useful?
Grab and gig economy drivers
Borrowers highlight Singa Credit's experience with Grab driver loans and irregular income patterns.
Borrowers who need a quick decision
Singa Credit advertises approvals in as little as 8 minutes and same-day disbursement, subject to verification and approval.
Homeowners awaiting sale proceeds
Its bridging loan is designed for the gap between selling and receiving property funds.
Foreigners on work passes
It lists a dedicated foreigner loan; legal borrowing limits still apply.
Where is Singa Credit and what should you confirm?
Singa Credit
Bugis- Nearest MRT
- Bugis MRT · 3 min walk
- Phone
- +65 6694 6166
- Hours
- Mon-Fri: 11:00 AM - 8:00 PM, Sat-Sun: 11:00 AM - 3:00 PM (by appointment after 3 PM on weekends)
- Website
- singacredit.com
- Licence
- 125/2025
Singa Credit is at 470 North Bridge Road, Bugis Cube #02-01, Singapore 188735, on the second floor. From Bugis MRT (EW12/DT14), take Exit B and walk along Victoria Street towards North Bridge Road, about 3 minutes. It opens 11 AM to 8 PM on weekdays and 11 AM to 3 PM at weekends, with appointments only after 3 PM on weekends, and closes on public holidays.
What should you check before accepting a Singa Credit offer?
Five checks for a Singa Credit offer
- Verify Singa Credit's current licence (125/2025 when last recorded) and Bugis Cube, 470 North Bridge Road, #02-01 on the Ministry of Law list.
- Ask whether you qualify for the One Percent Loan or the from-2.00% starting rate, and get the EIR in writing.
- Confirm the administrative fee, cash received, instalments and total repayment.
- For weekend visits after 3 pm, book an appointment first.
- Keep the Note of Contract and receipts, and do not disclose your Singpass password or pay an advance fee to an unsolicited contact.
Singa Credit’s 1% headline is a reason to ask whether you qualify, not proof of your rate. Compare its written 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.
