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LICENSED MONEY LENDER SINGAPORE GUIDE: IS THERE A 24-HOUR MONEY LENDER?



2 February 2024




Unexpectedly, you might be looking for access to a 24-hour money lender in
Singapore or a lender that can provide you with an instant cash loan. A sudden
need for cash can arise at any time.  Your savings might not be enough to tide
you over problems like car repairs or medical bills.

Besides, the busy lifestyle in Singapore also means that most of the time, you
only have the weekends to settle your personal needs. So, you might be looking
for the best licensed money lender  online or searching for a “licensed money
lender near me” or “money lender near me” that’s open on a Sunday or outside
office hours that can cater to your needs.

In this article, we will discuss if about 24-hour money lender in Singapore.
Moreover, find how to differentiate a licensed money lender from an unlicensed
lender.


WHAT IS A LICENSED MONEY LENDER SINGAPORE?

A licensed money lender in Singapore is an approved lender under the Ministry of
Law.

A money lender can provide instant loans to Singapore citizens, and Permanent
Residents. Moreover, a lender can provide loans to foreigners with valid
Employment Passes.

Legal money lenders in Singapore are an alternative to consider when applying
for urgent personal loans as the processes are generally quicker and less
stringent compared to applying with traditional banks.

Since you may need an instant cash loan in unexpected situations, you might be
wondering if there are any 24 hours money lenders in Singapore that you can go
to, which brings us to the next point.


ARE THERE 24-HOUR MONEY LENDER SINGAPORE?

There are no 24-hour money lenders in Singapore. If you happen to chance upon
one, it’s highly likely that it’s an illegal money lender or one that’s
pretending to be a legal money lender. 

However, there are online loan application portals that are available 24 hours
online money lender Singapore from licensed moneylenders in Singapore. You can
apply for the best personal loans there at any time.

When you apply for a personal loan with Crawfort, your loan can be approved
within 8 minutes. Therefore, you will not wait for an hour or get your loan
approved in two hours, but it only takes minutes to get your loan approved.

This may sound too good to be true, but Crawfort’s new loan platform allows you
to do that. You can submit a loan application at any time and place and get it
approved as fast as 8 minutes.

The integration of MyInfo with Crawfort’s system speeds up the application
process by pre-filling certain information. Accurate information is retrieved
from multiple government agencies and applied accordingly. This helps to
eliminate any human error and speeds up your request such that it can be
approved as quickly as possible.

With your submitted information, real-time data from credit bureaus, and
in-house data that are collated over the years, Crawfort’s proprietary
algorithmic formula makes it possible for your application to be approved within
8 minutes.

Of course, this is also subject to Crawfort’s operating hours, as you’ll need to
head down to the outlet for face-to-face verification before you can get your
loan disbursed. 

While your loan can be processed and approved within 8 minutes, if you were to
apply on a Sunday morning, the earliest you can receive your loan will be on
Monday morning. You may check out Crawfort’s operating hours here.


HOW DO YOU APPLY FOR A PERSONAL LOAN WITH CRAWFORT?

With Crawfort, you can get your loan application processed and approved within 8
minutes.

You can apply for a personal loan with Crawfort in just 3 simple steps. 

Firstly, head over to crawfort.com/sg/  and fill in your details — your
citizenship, monthly salary, and how much you’d like to borrow.

Then, log in via SingPass and your application will be pre-filled automatically
with the data retrieved from various government agencies.

Next, upload the documents necessary for your loan application. Once that’s
done, submit your loan application, and you’ll receive your application results
through SMS within the next 8 minutes.

Once your application is approved, all you have to do is schedule an appointment
on Crawfort’s loan portal and head down to the office for a face-to-face
verification. 

We’ll go through the loan terms and contract with you in person and clarify any
questions you may have. You can also opt to collect your approved loan in cash
or have it disbursed into your bank account.


HOW TO DIFFERENTIATE BETWEEN LICENSED MONEY LENDERS AND AN UNLICENSED MONEY
LENDERS IN SINGAPORE

Many illegal money lenders masquerade as legal money lenders that guarantee
24-hour loans. Do keep in mind that licensed money lenders are governed by
Singapore’s laws. Hence, there are regulations that Singapore licensed money
lender have to abide by. 

Here are some ways to differentiate between a licensed money lender and an
unlicensed money lender.


1. TERMS AND CONDITIONS OF YOUR LOAN CONTRACT

Firstly, a Singapore licensed money lender has to go through the terms and
conditions of your loan to you before you sign the contract. A loan contract
stating all the terms and conditions is required by law. These include terms
like your repayment period, payment methods, interest rates, and any details
pertaining to the loan. 

On the other hand, unlicensed money lenders often don’t provide contracts. They
may even send PDF documents via SMS or WhatsApp to get you to pay a deposit
before the loan is approved. 

Do not fall into that trap, as it’s part of their loan scam. No fees are
required to be paid before any loan approval by a licensed money lender. 


2. LICENSED MONEY LENDER INTEREST RATES AND LATE REPAYMENT RATES

Under the Ministry of Law’s regulations, licensed money lenders Singapore can
only charge up to 4% interest rate per month for their loans. If a borrower
fails to repay the loan on time, licensed money lenders can only charge a late
interest rate of up to 4% per month.


3. ADVERTISING CHANNELS

Licensed money lender in Singapore is only allowed to advertise their services
through business or consumer directories, websites belonging to the licensed
money lender, and advertisements placed within or on the exterior of their
business premise.

Hence, any advertisements that you see via other channels can be from unlicensed
money lenders or licensed money lenders that have violated the law. If you get
an SMS offering you cheap, fast cash loans in Singapore — be wary. These are
illegal money lenders trying their luck. Do not entertain the idea of borrowing
from them just because they are convenient and are lending you a helping hand at
the right time. 

What’s more, dealing with illegal money lenders can be quite a headache. Want to
learn how to deal with illegal money lenders in Singapore? Here’s how. 


4. LOAN AMOUNT THAT YOU CAN BORROW

You might be asking this question: “How much money I can borrow from a private
money lender in Singapore?“.  There’s a limit on the amount that you can borrow
for unsecured personal loans.  

Annual income Singapore Citizens and Permanent Residents Foreigners residing in
Singapore Less than S$10,000 S$3,000 S$500 S$10,000 – S$20,000 S$3,000 S$3,000
S$20,000 and above 6 times of monthly income 6 times of monthly income

Source: Ministry of Law

Hence, any money lender that offers an amount more than the limit set by the
Ministry of Law is possibly an illegal money lender.


5. BLACKMAIL OR THREATS

Licensed money lenders don’t intimidate, blackmail, or threaten to damage or
take control of your property. Without a Writ of Seizure And Sale, a licensed
money lender cannot seize any of your property. 

They also don’t damage property, such as vandalising public spaces or even your
property. 

What are the differences between a licensed and unlicensed money lender? We
cover more here.

Find out how to settle your personal loan if you are unable to pay a
licensed money lender in Singapore. 


WHAT TO LOOK OUT FOR TO AVOID AN ONLINE LOAN SCAM

Technology makes it easy for scammers to target victims.

It’s easy for illegal money lenders to put up scams online. All they need is a
website and a fake address for them to get their business going.

While it can be hard to distinguish a licensed money lender from a loan shark,
there are some telltale signs that you can watch out for to avoid being
scammed. 

Here are some things you can keep an eye out for.


1. REMOTE APPLICATION AND LOAN DISBURSEMENT

It’s common to have online loan applications from online money lender in
Singapore  as more and more licensed money lenders go digital. 

There are private money lenders in Singapore that have a presence online,
offering services that can be applied for online. 

But the increase in remote applications also gives unlicensed money lenders an
opportunity to scam others.

A licensed money lender will do a face-to-face verification before disbursing
your loan to you. On the other hand, for unlicensed money lenders, your
application may be approved via email, SMS, or phone call without any contract.
There may not be any face-to-face meetings, and they may even disburse your loan
straight to you.

Hence, be sure to check and not fall for these types of scams. Remember also to
check whether the licensed money lender you are dealing with is licensed. Ensure
that the lender you’re going with has a proper business address and application
procedure. 

If going down to a physical outlet to sign a detailed loan contract isn’t
required, this is a huge red flag and a sign that you should cut all contact
immediately. 


2. FEES AND INTEREST RATES

An unlicensed money lender or loan shark may ask for upfront fees, processing
fees, or admin fees before your loan will be processed. They may even say that
you’ll have to pay a fee before they’re able to disburse your cash loan to you.

A licensed money lender will never ask you to transfer money to them before they
disburse the loan. They will only charge a 10% admin fee after your loan is
approved, which is deducted from your principal loan amount. 

Besides that, loan sharks or unlicensed money lenders also charge interest
higher than 4% per month. They charge higher to earn a huge amount of money in a
short period of time through the high-interest rates.

On the other hand, licensed money lenders are regulated by the Ministry of Law
in Singapore. They can only charge at a maximum of 4% per month for both nominal
interest and any late repayment interest.

Remember to check on the interest rates you’re being charged with.

You can get the lowest interest rate with a licensed money lender in Singapore. 


3. PHYSICAL ADDRESSES

A licensed money lender must have a physical address. You need to go to their
office for verification and go through the loan contract and terms. 

Thus, if a money lender is unable to provide you with an address, the money
lender is probably a loan shark.

You can also check the Ministry of Law website for the list of licensed money
lenders in Singapore for their official addresses.


4. ADVERTISING MEANS

Have you ever received SMS regarding loans? Well, these are probably from
unlicensed money lenders or loan sharks. 

As businesses go digital, they also take the opportunity to keep up with the
trends. They may use these tactics such as advertising via SMS, WhatsApp,
flyers, and emails to entice people to borrow from them. 

But these are actually violations of advertising rules for licensed money
lenders. Hence, the next time you ever receive this advertising, block and
report the number immediately.

Licensed money lenders can only advertise via the 3 channels mentioned earlier.
They are strictly regulated and can get their licence revoked if they advertise
illegally. Hence, it’s best to deal with licensed money lenders since they are
mandated under the Moneylenders Act in Singapore.

Read more about the things you need to know about loan sharks in Singapore here.
Also, learn about licensed money lender new rules here.


FAQS ON BORROWING FROM SINGAPORE LICENSED MONEY LENDER

Now that you understand more about licensed money lenders in Singapore, these
FAQs can help clarify any doubts you have.


HOW MUCH CAN MONEY LENDERS CHARGE?

Licensed money lenders in Singapore can only charge a maximum of 4% interest
rate per month. This is regardless of your income and whether your loan is
secured or unsecured. 

For example, if you take a loan of S$10,000 and have repaid S$4,000. Only the
remaining amount of S$6,000 can be used for the calculation of interest.

As for late interest fees, you can only be charged a maximum of 4% per month and
can only be charged on the amount repaid late.

For example, if you take a loan of S$10,000 and make a late payment for the
first repayment of S$2,000, the late repayment fee can only be charged on the
S$2,000 since the remaining amount for repayment is not due yet.

Licensed money lenders can also only impose charges and expenses of:

 * Fees not exceeding S$60 for each month of late repayment.
 * Fees not exceeding 10% of the principal of the loan.
 * Legal costs ordered by the court for a successful claim by the licensed money
   lender for the recovery of the loan.

The total charges imposed, which include the interest, late interest, upfront
administration, and late fee by a licensed money lender also cannot exceed an
amount that’s equivalent to the principal of the loan.

For example, if you take a loan of S$10,000, the total interest, late interest,
10% administrative fee, and monthly late fees of S$60 cannot add up to be more
than S$10,000.


WHAT ELSE TO TAKE NOTE TO ENSURE THAT YOU’RE DEALING WITH A LICENSED MONEY
LENDER 

Even if a money lender is licensed, look out for these occurrences as they may
be in violation of the law:

 * Use of abusive language or threatening in any manner
 * Asking for your SingPass user ID and/or password
 * Retaining your NRIC or any personal ID documents
 * Asking you to sign on a blank or incomplete loan contract
 * Granting you a loan without giving you a copy of the loan contract 
 * Not explaining the terms and conditions 
 * Withhold any part of your principal loan amount for any reason


HOW TO LODGE A COMPLAINT AGAINST A MONEY LENDER?

If you would like to lodge a complaint against a money lender, you can report
them to the Registry of Moneylenders with the money lender’s business name,
license, and contact number.

You may report it to the Registry at 1800-2255-529 or via their website.

All details will be kept confidential and will not be disclosed to the Singapore
money lender without your consent. In addition, to facilitate the investigation
of your complaint, you may be required to attend an interview with the Ministry
of Law officers to provide them with relevant information and documents relating
to your loan transactions or dealings with the money lenders. 


WHAT CAN I DO IF A LICENSED MONEY LENDER SINGAPORE IS HARASSING OR THREATENING
ME?

Any harassment or threatening behaviour is considered unfair practice and will
be subject to regulation by the Registry of Moneylenders. You can also make a
police report as such behaviours are taken seriously.


WHAT ARE THE SUPPORTING DOCUMENTS NEEDED TO PROCEED WITH A LOAN APPLICATION?

You’ll need to provide the following documents:

 * Proof of identity: NRIC or passport
 * Proof of residence: Bank statements or bills
 * Proof of income: CPF contribution or payslips

Alternatively, you may also use your income tax statements or employment
contract for your proof of income.


WHAT MUST A MONEY LENDER INFORM ME ABOUT BEFORE GRANTING A LOAN?

Before approving any loan, a legal money lender must inform you in writing about
the terms of the loan and the following information:

 * Nominal interest rate
 * Late interest charges
 * Other permitted fees to be charged
 * Instalment details

All licensed money lenders in Singapore are required to provide you with a
cautionary statement in writing before any loan is granted to you.  You should
also be informed about where you can lodge a formal complaint if necessary.
Moreover, you must be familiar with licensed money lenders new rules to protect
your rights as a borrower.

Need to get an instant cash loan? With Crawfort’s 24-hour accessible and fast
online application, apply for a loan in just 3 simple steps and get approval in
the next 8 minutes!

Apply Now!


A PERSONAL LOAN IN 8 MINUTES.
THAT’S HOW FAST IT TAKES.

Name
Mobile Number
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Singaporean Singapore PR
Loan Amount (S$)
Email

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habit you should build. This helps you detect fraud and errors, as well as
verify the accuracy of the information reported to credit bureaus. With numerous
resources that you can take advantage of, it’s possible to get a free credit
report in Singapore. Discover […]

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Personal Loan
Your Guide To Getting Fast Cash Loans With Yishun Money Lender

Yishun, formerly known as Nee Soon, is one of the best spots in Singapore that
offers a perfect mix of tradition and modernity. But it isn’t just a place –
it’s a community. And just like any community, especially one that is part of
the most expensive city in the world, financial hurdles are part […]

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Personal Loan
Taking Control Of Your Finances Through MLCB Self-Exclusion

Have you ever felt trapped in a debt cycle? If so, you already know that it can
take its toll on your life and relationships. Borrowing can be an addiction that
causes harm not just to your finances, but also to your well-being. If you need
a way to break free from this compulsive behaviour […]

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Personal Loan
How Does Bridging Finance Work in Singapore?

As your family grows, you might plan to buy a bigger property and sell your
existing home. As you are still in the process of selling your property, your
funds may not be enough. Your savings might not be enough to cover the expenses
of buying a new home. Moreover, borrowing from family members or […]

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Blogs and Opinions
Guide To Finding Best Cheap And Good Renovation Contractors In Singapore (2024)

When it comes to home renovations, choosing your contractor can make or break
the entire project. Contractors manage projects, coordinate with skilled
workers, and monitor that the renovation work is completed on time and within
your budget. Considering its importance, picking out the affordable and reliable
contractor is something you shouldn’t take lightly especially because […]

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Personal Loan
Licensed Moneylender In Jurong East: Go-To Guide Borrowing A Personal Loan

Jurong East is a small yet vibrant neighbourhood in Singapore. This is among the
places in Singapore that boast attractions like the renowned Jurong Bird Park,
home to over 3500 birds, and the Singapore Discovery Centre. Delight in
family-centric amenities, such as KidSTOP at the Science Centre, a dedicated
play zone offering various activities and […]

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Blogs and Opinions
Licensed Vs Unlicensed Money Lender In Singapore: What’s The Difference?

Life can get pretty unpredictable. Sometimes, you might find yourself in need of
quick cash, but your savings is not enough. You may have thought about taking up
a loan from the bank, but what if you can’t get across the red tape? The
paperwork, the waiting period, and the anxiety of not knowing whether […]

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Personal Loan
How To Get A Motorcycle Loan In Singapore?

For many Singaporeans, motorcycles are the most convenient mode of
transportation. Not only is it significantly more affordable compared to cars,
but it’s also more convenient to maintain. That said, not everyone can pay for a
motorcycle upfront – either you still haven’t saved up enough money or just
don’t want to touch your savings. […]

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Personal Loan
What Are Monthly Instalment Loans In Singapore?

Ever heard the term “instalment loan” thrown around but wondered what it means?
Don’t worry, you are not alone. Borrowing can definitely be overwhelming at
times, especially when you encounter unfamiliar terms and concepts. However,
understanding the ins and outs of instalment loans is essential for anyone
seeking financial assistance in Singapore. To better understand […]

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Personal Loan
What Are The Interest Rates and Fees A Private Moneylender Can Legally Charge?

Sometimes, we may face financial emergencies or require quick cash for
unexpected expenses. In these challenging times, borrowing from a moneylender
can be an ideal way to get the needed funds. However, before taking out a loan,
it is vital to understand the interest rates and fees that private moneylenders
can charge in Singapore. In […]

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Personal Loan
CPF Personal Loan: What Is It? Eligibility and Requirements

Singapore is the most expensive city in the world to live in. This is extremely
daunting for the average person who is struggling to make ends meet. With the
rising cost of living, unexpected expenses can easily throw off anyone’s budget.
When emergencies pop up, needing cash right away can feel super stressful. This
is […]

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Blogs and Opinions
How to Deal With Loan Shark Harassment In Singapore: 5 Ways To Deal With It

With the reputation that loan sharks in Singapore have, most of us wouldn’t want
to deal with them in the first place.   But perhaps desperate times have called
for desperate measures. You needed money during a time when no bank or financial
institution was willing to offer you a personal loan. With limited options to
[…]

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Personal Loan
How To Check Credit Score In Singapore?

When it comes to loan applications, your credit score or credit rating
significantly influences the likelihood of approval. Major loan providers such
as banks consider it a primary factor in assessing your eligibility for a loan. 
A favourable credit score suggests a high likelihood of loan approval, whereas a
low credit score makes it challenging […]

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Personal Loan
Complete Guide To Short-Term Loans In Singapore

There could be a situation where you urgently need cash to tide over an
unforeseen situation. One solution to consider is applying for a short-term loan
in Singapore. In this article, we’re going to share with you all you need to
know about short-term loans in Singapore. What’s A Short-Term Loan? A short-term
loan usually […]

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Personal Loan
How Personal Loans In Singapore Can Be Useful For Grab And Taxi Drivers

The past few months have been difficult for many people in various industries.
Most businesses, especially in the service industry, have been badly affected by
the COVID-19 social distancing measures. Taking a personal loan in Singapore is
one option to get through this tough time.  Ever since the outbreak began, less
people have been going […]

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Personal Loan
Renovation Loan Vs Personal Loan In Singapore For Home Renovation: What’s The
Difference?

The priciest thing you can buy in Singapore is probably your home. Even if you
don’t mind a rugged aesthetic, minimalistic, or industrial look, basic
renovation is still necessary for installation of electrical endpoints,
tilework, paintwork, and so on.  If you’ve done the maths, you’ll realise that
renovations can cost an arm and leg. However, […]

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Personal Loan
Personal Loan In Singapore: How Can It Help With Wedding Expenses?

Your wedding day is probably the most significant milestone as a couple. It’s a
momentous and joyous occasion, where family and friends come together to
celebrate the love and union between the two of you. How would taking out a
personal loan in Singapore come into the picture? Well, every couple dreams of
having that […]

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Blogs and Opinions
How To Get An Instant Cash Loan In Singapore

Are you going through an emergency that requires quick cash? Then you might want
to consider getting an instant cash loan in Singapore. Getting an instant loan
can help to solve your urgent financial needs. Since you can get them fast,
you’ll be able to solve your issues as quickly as possible.  How do you […]

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Personal Loan
An Essential Guide To Personal Loan In Singapore: What It Is And How To Apply

Whether you need a helping hand to achieve a resolution you’ve set for the year,
or you’re in urgent need of money, getting a personal loan in Singapore from a
licensed moneylender may come in handy.  But before you apply for a personal
loan in Singapore, here are some important things that you need to […]

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Personal Loan
Ultimate Guide To Getting A Personal Loan In Singapore With Bad Credit

Need a personal loan with bad credit score?  It’s tough to get a personal loan
in Singapore with bad credit. With a bad credit score, you automatically leave a
poor impression on financial institutions, lenders, and banks. The truth is that
having bad credit can happen to anyone. A job retrenchment, a wrong choice in
[…]

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Blogs and Opinions
5 Ways To Improve Your Credit Score At The Credit Bureau Singapore

Ever wondered what affects your loan applications? Or why some of your credit
card applications were rejected?  It’s likely because of your credit score. A
bad credit score can affect your applications for personal loans and credit
cards. But what’s a credit score? How do you check it, and how can you improve
your credit […]

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Personal Loan
4 Types Of Personal Loan In Singapore You Should Know

It is tough sometimes when we land ourselves in unexpected situations that
require immediate financial assistance, such as medical emergencies or
investment opportunities. At times like this, taking out a personal loan in
Singapore could be a viable option to ease your financial burden.  A personal
loan is a type of unsecured loan that does […]

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Personal Loan
How To Do Debt Consolidation With Bad Credit in Singapore?

With the high cost of living in Singapore, handling various debts might be
challenging. Debt consolidation can be really challenging especially for
individuals with bad credit. However, even with a bad credit score, it is not
impossible to consolidate your debts. This guide covers how to do debt
consolidation with a bad credit score in […]

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Personal Loan
What To Do If I’m Unable To Pay My Credit Card Bill?

Encountering financial difficulties, whether due to unexpected expenses or a job
loss, can lead to challenges in paying off credit card bills. This might prompt
the question: “What can I do if I’m unable to pay my credit card bill?” Failure
to clear credit card bills can result in escalating debt. It’s crucial to
understand […]

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Personal Loan
Tuition Fee Loan In Singapore: What Is It And How Does It Work?

Despite the government’s provision of a tuition fee grant, the cost of tuition
continues to rise annually. In fact the average annual education inflation rate
in Singapore was about 2.86% for a 20-year period (2002-2022). Moreover, it was
reported that the school fees will increase from 2024 to 2026 for PR and
international students. So, […]

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Personal Loan
How To Get A Personal Loan In Singapore Even With A Bad Credit Score

Whether it’s to buy a first home or pay for education, most of us probably need
to take a loan at least once in our life. However, not all loan applications can
turn out successful. If you’ve applied for a personal loan in Singapore before
but got rejected, it could be due to your credit […]

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Personal Loan
What It Means To Be A Loan Guarantor in Singapore?

Certain types of loans in Singapore need guarantors since they carry higher risk
of default for lenders. For instance, car loans, education loans and business
loans, in place of collateral. It can be a requirement when applying for a loan
in Singapore. Therefore, before you sign-up to be a guarantor of your friend or
your […]

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Blogs and Opinions
What Happens When You File For Bankruptcy In Singapore?

From January 2020 to May 2020, there have been 1,481 applications for bankruptcy
in Singapore and 404 orders made — a significant number considering the short 5
months span.  Bankruptcy, in short, is when you owe more than you can afford to
pay. There are also a number of technicalities involved. Filing for bankruptcy
in […]

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Blogs and Opinions
10 Easiest Ways To Get A Credit Card Approved in Singapore

Owning a credit card in Singapore has a lot of perks. It offers a convenient way
to purchase online or in person. Even if you’re short on cash for the month, you
can still purchase big-ticket items or gadgets that you want since it allows you
to buy now and pay later. Moreover, some of […]

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Blogs and Opinions
Saving Money In Singapore: Easy Ways To Grow Your Savings

If you often find yourself living paycheck to paycheck despite your best
budgeting efforts, you’re not alone in this situation. Overspending is a common
challenge that many individuals face. No matter how meticulously you track your
expenses, the temptation of impulse buying might occasionally mislead us. The
fact is that since we are all imperfect, we […]

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Personal Loan
5 Reasons Why Your Personal Loan Application In Singapore Was Rejected

Perhaps it’s a time right now when you require extra financial support for your
needs—for an emergency, for a dream vacation for you and your partner, or even
for a plan to move forward and venture out of your comfort zone. However good
your reasons may be, you may have faced problems having your personal […]

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Personal Loan
Guide to Peer to Peer (P2P) Lending in Singapore

Peer-to-peer lending or P2P lending is a part of financial innovation that
originated in the UK in 2005. It has become an investment and lending platform
that has reached major financial markets worldwide, and Singapore is no stranger
to P2P lending. It has adopted this FinTech tool for borrowing and lending
money. In this guide, […]

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Personal Loan
How Do Home Renovation Loans Work In Singapore?

Considering a home renovation project this year, but falling short on your
savings? You might consider getting a home renovation loan. Without sacrificing
your objectives, this type of loan is designed to assist you in funding your
home improvements. But, how do home renovation loans in Singapore work, and what
should you take into account? […]

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Personal Loan
Can You Get A Personal Loan Without Income Proof In Singapore?

If you’re in a financial jam, you want to get a personal loan as quickly as
possible. But what if you don’t have income proof? In this article, we share
with you some useful tips on how you can get a personal loan in Singapore
without standard income proof like payslips.  But before we dive […]

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Personal Loan
Are You Eligible For A Personal Loan In Singapore?

When we’re short on cash, most of us will consider borrowing from friends and
family members. However, if you don’t want to trouble them, how about taking a
personal loan instead? A personal loan is a lump sum of money borrowed from a
bank or licensed money lender. You’ll need to pay it back over […]

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Blogs and Opinions
When Should You Consider Taking A Personal Loan Over A Renovation Loan In
Singapore?

Now that you’ve collected the keys to your new home and browsed countless web
pages for decor inspiration, it’s time for the next step. Imagine, after a long
day at work, going back to a home that’s furnished and personalised just the way
you like it. Isn’t that exciting? That is until you realise the […]

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Personal Loan
Personal Loan Broker In Singapore: What You Need To Know

While many people still go directly to their local bank to seek financial
assistance, many people have turned to personal loan brokers for a more
customised and efficient approach to borrowing money. This proves that personal
loans have gone beyond the confines of traditional banks. In this article, we
will discuss personal loan brokers in […]

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Personal Loan
Emergency Payday Loans from Direct Lenders: A Comprehensive Guide

Life is full of challenges and unfortunately facing sudden financial trouble is
part of it. You may be facing a sudden medical emergency, car repair or the need
to replace a broken appliance which may require quick cash to cover these
emergencies. In these unexpected events having an emergency payday loan from a
direct lender […]

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Personal Loan
What Happens if You Don’t Repay Your Personal Loan in Singapore?

If you’re using a personal loan in Singapore for a big ticket expense, home
renovation or to fund some emergencies, it’s probably because your savings is
not enough to cover it. And while repaying the loan is usually the last thing on
your mind when you take out the loan in the first place, missing […]

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Personal Loan
Should You Take A Personal Loan In Singapore For Home Renovation?

Whether you want to increase your property value or simply enhance the
aesthetics of your house, you need a home renovation. However, loan renovations
can be costly and you may not be able to do up your dream house should you lack
funds. Now, the good news is that you have alternative options to help […]

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Personal Loan
How To Pay Off Multiple Payday Loans

When your bills and emergency expenses pile up, it can be hard to resist the
temptation of payday loans. Although these loans can be a helpful remedy for
tough times, they also have the potential to trap you in overwhelming debt.
Thankfully, there are tons of ways to help you get back on track financially.
[…]

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Personal Loan
How To Clear Credit Card Debt With A Personal Loan In Singapore

Credit cards have a lot of benefits. Not only do they boost your spending power,
but they’re also very convenient since you don’t need to keep drawing and
carrying cash. However, for the convenience they offer, you run the risk of
incurring high interest and accumulating debt quickly. What should you do when
you find […]

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Blogs and Opinions
How To Pay My Credit Card Bills (DBS, UOB, OCBC And Other Banks)?

Today, you can take advantage of various enticing credit card deals that offer
benefits like bonus miles and up to 10% cashback. These deals can maximise your
financial benefits and transform each transaction into a rewarding experience.
Despite these benefits, you must pay your credit card account on time. Just like
with other types of […]

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Personal Loan
Personal Loan Calculator In Singapore: Why You Should Use One And The Benefits

Personal loans are an alternative for big-ticket purchases or immediate
financial emergencies. But before taking up a loan, most of us would be curious
as to how much everything would cost in total. One way to find out is to use a
personal loan calculator in Singapore to work out the sum.  So, what are […]

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Personal Loan
What Are The Alternatives To Personal Loans In Singapore For The Unemployed?

When we need cash, some of us consider taking personal loans to get through the
tough period. Unfortunately, it can be difficult to get a personal loan in
Singapore when you’re unemployed.  Don’t worry, though. There are alternatives
to personal loans in Singapore that you can take up, even if you’re unemployed.
This article is […]

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Blogs and Opinions
How Does Credit Counselling And Debt Management Programme Work?

Have you ever found yourself struggling in debt, with no one to turn to, and all
hope seems lost? In those situations, where can you get help? Well, there’s an
answer for that: credit counselling. It’s alright if you don’t really know what
it is. Not many Singaporeans are familiar with the concept of credit […]

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Personal Loan
Total Debt Servicing Ratio (TDSR): What Is It and How It Affects Your Personal
Loan Application?

One major factor that makes a huge difference in whether you get approved for a
personal loan is your total debt servicing ratio. If you haven’t heard this
concept before, it might seem complicated, but don’t let it scare you. To put it
simply, your TDSR is just a way to figure out if you […]

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Blogs and Opinions
Credit Card & Unsecured Loans Credit Limit In Singapore: All You Need To Know
About Increasing It

Are you cash strapped and in need of extra credit for your big-ticket purchases?
Are you considering increasing the credit limit on your credit card or unsecured
loan but aren’t sure how to? In this article, we will share with you everything
you need to know about increasing your credit card limit in Singapore. We […]

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Blogs and Opinions
Licensed Money Lender Vs A Pawn Shop In Singapore: What’s The Difference?

Something sudden happens and you find yourself in urgent need of cash. You might
be considering borrowing from the bank, but they might take a long time to
approve your loan. So, you start looking for alternatives to get a fast loan in
Singapore. When it comes to getting quick cash in Singapore, 2 options […]

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Blogs and Opinions
How Much Can I Borrow From A Money Lender & What I Need To Note?

The cost of living is high in Singapore. There are times when we inevitably run
into money problems and need cash to tide over difficult periods. For some, it
could be money needed to last until their next payday, more money for their
wedding, home renovation, or for a financial emergency. According to the Credit
[…]

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Personal Loan
Loan Scams In Singapore: How to Protect Yourself from Personal Loan Scams

As of 14 October, the police warned the public about the return of loan scams
involving fake emails from banks and government agencies in Singapore.  Between
1 September and 4 October 2021, there were 17 victims losing a total of over
$130,000. While the Police have suggested ways to help combat scams, it is
important […]

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Personal Loan
Financing Your Home Renovation: Personal Loans In Singapore, Renovation Loans,
And More

Just collected the keys to your new house? Buying a house is most likely the
largest purchase in your life. After getting the keys, you’ll want to renovate
it to turn it into your dream home. In this article, we look at renovation
costs, what affects it, as well as financing options like a renovation […]

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Blogs and Opinions
Effective Interest Rate: A Simple Guide (EIR) For Borrowers

Whether you’ve taken a personal loan before or not, interest rate is a term
you’re sure to have heard of. But did you know there are usually 2 types of
interest rates when you take out a loan? There’s the advertised rate, and the
effective interest rate (EIR). So why are there 2 interest rates […]

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Personal Loan
Multiple Personal Loans: Can You Take Two Personal Loans At The Same Time?

Even after taking a personal loan, unexpected financial events can force you to
take another one, especially during this Covid-19 pandemic. And, you may be
asking if it is possible to take two personal loans? A personal loan is an
unsecured amount of money. It is referred to as unsecured because it does not
require collateral. The […]

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Blogs and Opinions
Credit Counselling In Singapore: All You Need To Know

Not many Singaporeans know about credit counselling. Mention “credit
counselling” to people, and you’re more likely to be met with blank stares.
Explain that it’s about discussing debt management with a financial counsellor,
and they might reel away in shock. The topic on debts is often so private that
most people shy away from the […]

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Personal Loan
How To Get The Best Personal Loan In Singapore To Help Make Your Dream Vacation
A Reality

Are you planning your next dream vacation as more countries now allow tourists
for the first time in two years since the start of the COVID-19 pandemic? Did
you then realise that you may need extra cash as your travel funds are
insufficient? If so, you’ve come to the right place! Read on. You will learn […]

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Personal Loan
6 Tips To Avoid Being Rejected For A Personal Loan Application In Singapore

It’s never a nice feeling being rejected for anything, especially when it comes
to a personal loan application. If you’ve ever been in this position before, you
will know how discouraging this can be. So, why are personal loan applications
in Singapore rejected? And what can you do to avoid it happening to you? Keep
[…]

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Media
Singapore Fintech Startup Capital C Scores $54m in Fresh Funding

DealStreetAsia Capital C Corporation, a Singapore-based financial services
provider, has announced raising S$74 million ($54 million) in a mix of pre-seed
equity and debt funding rounds. The fundraising exercise was participated by
Phillip Capital, Luminor Capital, Paradise Group, Citystate Group, family
offices, and ultra-high-net-worth individuals, according to the announcement.
With the fresh funding, the company, […]

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Media
Singapore’s Capital C Corporation Bags SGD74 Million in Funding

Finextra Capital C Corporation, a Singapore-based financial services provider,
bags SGD$74 Million in their recent fundraising exercise with PhillipCapital,
Luminor Capital, Paradise Group, Citystate Group, various family offices and
Ultra-High-Networth-Individuals. The fresh injection of funds will serve to fuel
their lending capabilities and expand their digital financial platform offerings
to provide a seamless experience and […]

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Personal Loan
When Can Personal Loans In Singapore Be A Better Option Than Credit Cards?

Personal loans and credit cards are two popular credit options in Singapore. For
instance, if you are short of cash to pay your monthly bills, getting a personal
loan in Singapore or paying through your credit card can be a viable option.
Both provide easy access to money when in need but getting a personal loan can
[…]

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Company News
Capital C Corporation in DocuSign Momentum 2022

Celebrates the achievements of 10 businessmen and women who prove to have what
it takes to break boundaries and emerge as winners of Singapore’s Entrepreneur
of the Year Awards (EYA).

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Personal Loan
Should You Take Out A Personal Loan in Singapore For The Holidays?

Have you been thinking of taking a break for this coming holiday season? Are you
also considering rewarding yourself or your family with a memorable holiday
gift? As the country eases the travel restrictions especially to fully
vaccinated Singaporean residents, traveling to your dream destinations is now
possible. Regardless of the plans you have for […]

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Personal Loan
How To Manage Your Personal Loan In Singapore More Effectively

Taking a personal loan in Singapore from licensed moneylenders can help you
manage your unexpected expenses, such as medical bills. Moreover, it can help
you in fulfilling your life goals. While it can make a huge difference in
managing your financial situation when it matters most, it is not a permanent
solution. Although you are free to use […]

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Personal Loan
Why Taking A Personal Loan In Singapore Is The Best Option For Emergency
Expenses?

In the time of a pandemic (like now), you need to be prepared for emergency
expenses. However, if you are someone who does not have savings or is hesitant
to borrow money from friends or family, then you could be in trouble when an
emergency arises. But, don’t worry, getting a personal loan in Singapore to tide
[…]

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Personal Loan
Top 6 Life Goals You Can Achieve With Singapore Personal Loan For 2022

Having sufficient money can help you achieve your New Year’s goals.  However, if
you don’t have enough cash, taking a personal loan in Singapore is something
worth considering. With a personal loan, you can get a relatively substantial
sum of fast cash, and this is useful if you already have big goals and plans for
New Year. […]

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Personal Loan
Licensed Moneylenders Vs Banks: How Long Does It Take To Get A Personal Loan In
Singapore?

If you are currently in need of quick cash for emergencies or holiday spending,
you might consider taking a personal loan either from a licensed moneylender or
bank. You might wonder how long it takes to get a personal loan from these
credit facilities. How fast does it take to get your loan application approved
with a licensed […]

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Personal Loan
Is It A Good Idea To Take Out A Personal Loan In Singapore To Invest?

According to the latest Finder’s survey, nearly 1 in 3 (that’s 32% or 928,000
Singaporeans) have taken out a personal loan in the past 12 months. Some of the
key reasons why people are taking out personal loans in Singapore include,
covering daily expenses, helping out a friend or family, and financing a
mortgage.  But […]

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Company News
Crawfort Is Honoured To Be Awarded The Singapore Quality Class Certification

Crawfort is honoured to be awarded Singapore Quality Class certification. This
certification, by Enterprise Singapore, recognises organisations that have
attained robust business fundamentals and met standards for good business
performance based on the internationally benchmarked Business Excellence
Framework. This certification serves as a recognition of our commendable
management capabilities and commitment towards continuous improvement and
sustainable […]

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Personal Loan
6 Must-Know Tips To Get The Best Personal Loan In Singapore

You might be looking for a personal loan to help you cover some financial needs.
But with the overwhelming amount of loan products and choices out there, how do
you find the best personal loan in Singapore?  Financial institutions in
Singapore offer loan discounts and promotions periodically; it’s important that
you learn how to compare […]

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Blogs and Opinions
7 Things You Should Know About Loan Sharks In Singapore

Commonly known as “ah longs” in Singapore or unlicensed moneylenders, a loan
shark is a person or entity that lends fast and easy money at sky-high interest
rates. These interest rates are typically far above any established legal
rates.  They are infamous for their harassment tactics and threats of violence
as a means of forcing […]

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Personal Loan
5 Tips On Taking A Personal Loan In Singapore When You’re Unemployed

Life is always unpredictable, and there may be times when you need to take up a
loan to tide through unexpected financial difficulties. It could be medical
emergencies, debts, bills to pay, or simply urgent cash needs. And if you’re
unemployed, getting a personal loan in Singapore can be difficult. In Singapore,
banks and financial […]

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Personal Loan
Scam Alert: Fake Site!

RED ALERT: crawforts.com is a SCAM site posing as us. Apart from using a web URL
that bears close resemblance to ours, this website also displayed our previous
brand logo and company information that are stolen from us. Please be informed
that this site has no relations to us and are likely to be operated […]

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Blogs and Opinions
3 Reasons Why You Should Never Borrow From A Loan Shark In Singapore

If you’ve ever found yourself in a tight financial spot and have considered
borrowing from a loan shark in Singapore, think twice. There are many risks
involved when you borrow money from an unlicensed money lender like a loan
shark. This includes high processing fees and interest rates, and continuous
harassment to you and your […]

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Personal Loan
5 Tips For Short-Term Course Remote Learning And How A Personal Loan In
Singapore Can Help

Maybe you’ve already been sitting on the idea of taking the plunge into the
world of short-term courses. Whether it’s learning a new design software or
discovering a different industry, short-term courses are all the rage for both
working professionals and students alike to upgrade their skills. But maybe
you’re hesitant because of many factors, […]

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Personal Loan
Loan Scams – Do Not Be A Victim

Loan scams are on the rise now. Please stay vigilant and beware of scammers who
may approach you with attractive loan offers through calls, SMSes or any other
media forms. Don’t be impulsive and fall into their traps. Learn to
differentiate between a licensed and unlicensed money lender in Singapore.
Crawfort Finance will only advertise […]

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Blogs and Opinions
3 Alternatives To Filing For Bankruptcy In Singapore

Filing for bankruptcy in Singapore can stir up feelings of stress, anxiety,
depression, and failure. Let’s face it, the process of filing for bankruptcy is
also a tedious affair combined with the social stigma that comes with it. So
before you decide to file for bankruptcy, why not consider other alternatives
that are more desirable […]

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Personal Loan
The 2 Types Of Personal Loans In Singapore To Consolidate Your Debt 

Besides being symbolic of financial independence and adulting, owning a credit
card is a great way to earn rewards and cashback on your spending as long as you
pay your bills dutifully every month. But what if you’re unable to pay your
bills on time? With sky-high interest rates and a few late payment fees, […]

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Blogs and Opinions
10 Travelling Tips For Your Next Trip And How A Personal Loan In Singapore Can
Help

In a world where everything has its price, your dream of travelling the world
can seem far and out of reach. Especially when you have daily expenses to
account for and pressing bills to pay. Travelling can be expensive. However, the
experiences you gain and memories forged from travelling is oftentimes
invaluable. Though travelling can […]

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Blogs and Opinions
Should You Take A Personal Loan In Singapore For Your Wedding?

Most of us dream of having the perfect wedding with our significant other. We
want to make the day perfect to celebrate our love for our partner with our
family and friends. However, planning a wedding can be stressful. Not only do
you have to decide on the location, settle the most minute details, and […]

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Personal Loan
Should You Take A Personal Loan In Singapore For Your Vacation?

Have you been toying with the idea of taking a good break for a while? And when
we mean a break, we mean a good, quality break that’s going to give you a good
reset. Maybe it’s been something on your mind for a while now but you haven’t
gotten around to it because it’s […]

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Personal Loan
Why You Should Upgrade Your Skills And How A Personal Loan In Singapore Can Help

According to Robert Kiyosaki, a successful businessman and author of Rich Dad
Poor Dad, continuous learning is the key to getting rich. If you want to be
successful in life, you need to have the right attitude, the right mentality,
and seek continuous learning. Even after graduating, you should continue to
upgrade your skills, which […]

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Personal Loan
3 Ways To Reduce Your Wedding Costs And How Getting A Personal Loan In Singapore
Can Help

Your wedding day is undoubtedly one of the most important days of your life. If
you’ve been saving diligently after meeting “the one”, kudos for planning in
advance! However, it may be the case that your savings still aren’t enough to
cover the costs of your dream wedding.  To help you along on your journey, […]

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Personal Loan
2 Types Of Personal Loans In Singapore To Consider In Times of Emergency

It’s always good when we receive a heads up before something happens, so that we
can prepare for it.  But that doesn’t happen all the time. You can never predict
when something unexpected crops up, and when you need extra cash urgently. In
such times, a personal loan can be a viable option.  Types Of […]

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Personal Loan
When Should You Take Out A Personal Loan In Singapore To Upgrade Your Skills?

We’re often told to continuously upgrade our skills because we need to stay
relevant in times of changing needs. And one way to do that is through taking up
courses. Plus, doing so can be helpful when we choose to switch careers. But
taking up courses in Singapore can be quite expensive. For instance, a […]

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Blogs and Opinions
8 Reasons Why You Have Low Credit Score In Singapore

Looking to purchase a home, car, or paying for that dream wedding? High costs of
living in Singapore can make that hard to achieve. In fact, taking on personal
loans to make those dreams a reality is not uncommon. Before applying for a
loan, you should look at a few key considerations banks and financial […]

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Blogs and Opinions
7 Things You Didn’t Know About Licensed Money Lenders In Singapore

Getting married, buying a home, or furthering your studies are major milestones
in life. And these milestones usually come at a hefty price. Remaining debt-free
becomes increasingly difficult as you move up the different stages of life; the
last thing you want is to be trapped in a financial emergency. Turning to loved
ones or […]

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Blogs and Opinions
Licensed Money Lenders In Singapore: What Are Your Options If You Can’t Repay
Your Loan?

Some of us encounter financial difficulties at different junctures in life. In
such situations, borrowing from lenders like banks or licensed money lenders in
Singapore would be among the available options to help get you back on your
feet. Whether you borrow from a bank or licensed money lender, you’re of course
obligated to make […]

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Blogs and Opinions
4 Things To Consider When Borrowing From A Licensed Money Lender In Singapore

Whether it’s taking out a loan to renovate your brand new home or financing an
unexpected medical emergency, there may come a time when you need some financial
assistance. Taking out a personal loan to fund such expenses is a common
option.  As a borrower, you’re usually faced with 2 main options: a bank or […]

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Company News
Leveraging On Digitalisation To Simplify Loan Application

Singapore — (19 May 2020) — Staying ahead of the digital economy, we at
Crawfort, the consumer loan subsidiary of Capital C Corporation, have
incorporated digitalisation strategy to introduce a new loan platform with an
improved user interface and experience on our website, alongside a new brand
name and logo. In line with our goal […]

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Blogs and Opinions
6 Things A Licensed Money Lender In Singapore Can’t Do When Collecting Debts

Getting a loan from a money lender in Singapore might be nerve wracking for
some. When most think of money lending, they think of a pig’s head hanging by
their door or that ‘O$P$’ red paint on the corridor.  However, loan sharks and
licensed money lenders in Singapore operate very differently.  Let us look at
[…]

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Personal Loan
6 Reasons Why You May Need A Personal Loan In Singapore

Have you ever found yourself stuck against a wall financially? When you have so
many bills to pay, then suddenly, you or someone you know gets into an accident
or gets sick. You are then overwhelmed with bills and the debt you need to pay,
and the money you’ve saved or earned just isn’t enough […]

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Personal Loan
Personal Loans In Singapore: What To Consider When Applying

Personal loans can seem like a mystery. What are they? When should you take
them? How do you go about applying for personal loans in Singapore? A personal
loan is a lump sum of money borrowed from a bank or licensed money lender, which
you have to pay back in instalments (fixed payments) over a […]

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Blogs and Opinions
Licensed Money Lender in Singapore Vs Bank: Key Differences

Getting married and buying a home are some of the most significant milestones
and expenses you’ll incur when adulting. The last thing you want is to be
strapped for cash. When that happens, most people think of borrowing money to
tide them through the rough patch. You’re usually faced with two choices –
should I […]

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Personal Loan
Top 5 Personal Loan in Singapore Myths Busted

It’s pretty common to take up a car loan and/or a housing loan, especially since
it’s costly to own a car and a home in Singapore. But when it comes to taking a
personal loan in Singapore, it’s usually perceived as the result of poor
financial management.  Depending on the circumstances, taking a personal loan
[…]

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Company News
Advisory on COVID-2019

In light of the COVID-19 situation, Crawfort Singapore has stepped up and
implemented additional precautionary measures at our outlet.

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Media
单枪匹马赴菲“拓荒”寻商机

一般人对菲律宾的印象,总停留在治安欠佳和交通拥堵。然而,不能忽视的是,菲律宾有上亿人口,而近年经济增长也保持强劲,可谓商机处处。Crawfort正是看到了这个商机,希望能够为那些懂得数据科技,却无法充分从传统金融机构获取服务的消费者提供服务。

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Company News
Crawfort Is Awarded
ISO 9001 : 2015

Crawfort is proud to be awarded the TUV ISO 9001 mark of quality, and will
continue to provide excellent quality of services.

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Company News
Crawfort Is Honoured To Be Awarded The Singapore Prestige Brand Award (SPBA)
2019

We are pleased to announce that Crawfort has been awarded The Singapore Prestige
Brand Award (SPBA) 2019 – Promising Brands. Into its 18th year, SPBA seeks to
recognise and honour distinguished brands for their outstanding achievements in
branding. Our team went through rigorous rounds of judging by stellar industry
professionals who evaluated us based on […]

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Media
10 Business Leaders Recognised As Entrepreneur Of The Year

From training aspiring pilots to lending money, 10 local entrepreneurs received
the Entrepreneur of the Year Award (EYA) 2019.

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Media
The Breakfast Huddle

Find out how we can help F&B SMEs scale their businesses.

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Media
CEO Conversation: Transforming Into A Digital Financial Services Provider

Find out how our Group is leveraging technology to serve underbanked customers
in the region.

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Media
The Case For Alternative Lending

In the last decade, we have witnessed rapid growth in the alternative lending
space, with the creation of new business models opening up the range of
alternative lending products available.

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Media
How Fintech Is Driving Innovative Lending?

In Singapore, SMEs account for around two-thirds of the workforce and a large
chunk of GDP growth. And if these firms can’t get funding, their failure to
thrive has a dampening effect on the larger economy.

Learn more


Company News
Crawfort Joins Singapore’s Fastest Growing Businesses

Crawfort rewrites the rules when it comes to moneylending solutions.

Learn more


Media
Crawfort: Breaking Stereotypes Through Innovation

Innovative business Crawfort is rewriting the rules when it comes to
moneylending solutions

Learn more


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