Licensed money lender for foreigners
Foreigner Loan Singapore
Borrow up to 6x your monthly income with fast, same-day approval. Check your eligibility and borrowing limit.
Foreigner loan eligibility
Can Work Permit Holders Get a Personal Loan in Singapore?
Check the basic requirements for your pass, then prepare the documents needed for an individual assessment.
Pass Types Accepted
Employment Pass
S Pass
Work Permit
Long-Term Visit Pass
Basic eligibility
- At least 18 years old
- Monthly salary of at least S$1,800
- At least six months remaining on your pass
- Working or residing in Singapore
Documents to prepare
- Valid EP, S Pass, Work Permit or Long-Term Visit Pass
- Passport
- Phone or utility bill, plus tenancy agreement
- Payslips for the last three months, if available
- Bank token
- Employment contract
- Staff card
These are Quick Loan Pte Ltd’s eligibility and document requirements. Meeting the basic requirements does not guarantee approval. The loan amount and terms depend on your individual circumstances and ability to repay.
Foreigner loan amounts
What are the Foreigner Personal Loan Limits in Singapore?
The maximum unsecured amount you may borrow across all licensed moneylenders depends on your annual income.
Annual income
Below S$10,000
Maximum total borrowing
S$500
Annual income
S$10,000–S$19,999
Maximum total borrowing
S$3,000
Annual income
S$20,000 or more
Maximum total borrowing
Up to 6×
your monthly income
These are legal borrowing limits, not guaranteed loan amounts
The limits apply to your combined unsecured borrowing across all licensed moneylenders in Singapore. Your actual loan amount may be lower after assessment.
Individual assessment
What determines your actual loan amount?
- Monthly income
- Employment stability
- Existing commitments
- Ability to repay
Interest and fees
Foreigner Loan Interest Rates and Fees
Licensed moneylender charges are regulated in Singapore. These are the maximum amounts permitted, not necessarily what you will be charged.
Interest
Up to 4%
per month
Calculated on the outstanding principal after repayments are deducted.
Late interest
Up to 4%
per month
Charged only on the repayment amount that is overdue, not the full outstanding loan.
Administrative fee
Up to 10%
of the principal granted
The permitted fee when a loan is granted. It is not a fee for submitting an application.
Late repayment fee
Up to S$60
for each month of late repayment
This may apply for every month in which a scheduled repayment remains late.
Borrower protection
Total charges cannot exceed the original loan principal
Interest, late interest, the administrative fee and late fees combined cannot exceed an amount equal to the principal originally granted.
Your actual cost will be explained before you sign
Your interest rate, fees, repayment amount and schedule depend on the approved loan. Review the complete loan contract and ask about anything you do not understand before accepting it.
How it works
How to Apply
Submit your details online, visit our office for an assessment, and receive your funds if your application is approved.
Submit your details
Complete the eligibility form or retrieve your information securely with Singpass.
In-person visit required
Visit our office
Bring your documents for face-to-face identity verification and an individual loan assessment.
International Plaza, Tanjong PagarSign and receive funds
If approved and you accept the terms, sign the loan contract and receive your funds.
Why must you visit the office? Licensed moneylenders must verify your identity face to face at their approved place of business before granting a loan. A loan cannot be completed entirely online.
Foreigner loan application
Check Your Eligibility
Complete the form below for an individual assessment.
Applying does not guarantee approval.
or
Speed up your application with MyInfo
Have your personal details filled in automatically.
This also helps us to approve your loan more quickly!
Compare foreigner loan options
Banks Vs Licensed Money Lenders
Bank eligibility for foreigners commonly depends on annual income, nationality, pass type, pass validity and the bank’s credit assessment. Applicants who do not meet these requirements may consider other lawful borrowing options.
| Loan option | Who may apply | Minimum income | borrowing cost | Potential amount | Application and assessment |
|---|---|---|---|---|---|
| DBS Personal Loan Bank | Age 21–70 Foreigners may apply |
S$60,000/year |
From 1.48% p.a. EIR from 3.22% p.a. Includes a 1% processing fee |
Up to 95% of the applicant’s available credit limit | Online through DBS digibank; approval and amount remain subject to the bank’s assessment |
| HSBC Instalment Plan Bank | Age 21–65 Employment Pass or S Pass; at least 12 months’ pass validity for the Instalment Plan |
S$65,000/year |
From 1.3% p.a. EIR from 2.5% p.a. Personalised rates can be higher; processing fee may apply |
For foreigners, credit limit capped at up to 1× monthly income | Online application with income, bank and pass documentation; subject to credit assessment |
| Standard Chartered CashOne Bank | Age 21+ Employment Pass holders only |
S$90,000/year |
From 0.90% p.a. EIR from 1.75% p.a. EIR becomes 2.15% p.a. in Standard Chartered’s S$20,000, five-year illustration after including the first-year S$199 fee. |
Determined by the bank; existing cardholders are limited by available credit | Online application; instant disbursement may be available to eligible approved applicants |
| CIMB Personal Loan Bank · Malaysians only | Age 21–70 Malaysian non-PRs residing in Singapore with a valid work pass |
S$30,000/year |
From 1.00% p.a. EIR from 1.94% p.a. Published long-tenure starting rate; personalised offer may differ |
Income-band limits apply; up to 4× monthly income for S$30,000–S$119,999 annual income and up to 8× above S$120,000, capped at S$200,000, subject to approval. | Online application with Malaysian ID, address, passport and income documents |
| Licensed Moneylender Quick Loan Pte Ltd route | Age 18+ Employment Pass, S Pass, Work Permit and Long-Term Visit Pass holders considered |
S$1,800/month Quick Loan’s stated eligibility threshold. Subject to assessment |
Interest legally capped at 4% per month Administrative fee up to 10%. Late interest up to 4% monthly on overdue amounts. Late fee up to S$60 per late month. |
Individual loan amounts considered within legal borrowing limits; up to 6× monthly income for annual income of S$20,000 and above | Typical 30-minute office assessment Funds may be disbursed on the spot after approval, contract explanation and signing |
Swipe sideways to view the complete comparison
You must clear higher entry requirements
Selected banks require foreigners to earn between S$30,000 and S$90,000 annually, may restrict eligible nationalities or pass types, and assess creditworthiness before approval.
You fall outside the bank lending profile
Quick Loan considers eligible pass holders aged 18 or above earning at least S$1,800 monthly, with each application assessed individually.
Compare costs using the same basis
Bank rates are generally stated per annum, while the licensed-moneylender interest cap is stated per month. These rates are not directly comparable. Review the applicable EIR, fees, loan tenure and total repayment before borrowing.
Visit our office
Visit Our Tanjong Pagar Office
Complete your face-to-face verification and loan assessment at our licensed office in International Plaza.
Quick Loan Pte Ltd
10 Anson Road, #01-15International Plaza
Singapore 079903
Opening hours
Monday–Friday: 11am–8pm
Saturday: 12pm–5pm
Sunday & public holidays: Closed
Common questions
Foreigner Loan FAQs
Yes, foreigners can apply for a loan in Singapore. Licensed moneylenders are an excellent option for a foreigner looking to obtain time-sensitive funds, especially when a bank loan may involve lengthy processes and stringent requirements.
As a licensed moneylender in Singapore, we offer loans to foreigners. You can think of a foreigner loan as a type of personal loan designed for non-citizens who live and work in Singapore. Our basic requirements for this loan are simple—you must be at least 18 years of age with a minimum monthly income of SGD1,800.
We’ll also require some personal documents to determine whether you qualify for a foreigner loan, including your valid Employment Pass or S Pass.
Yes, employment pass holders can apply for loans with licensed moneylenders in Singapore.
Do note that your employment pass must have a 6-month validity period to be eligible for a loan. Our streamlined and hassle-free loan application process will let you receive your loan funds within 30 minutes, regardless of your nationality.
At Quick Loan, we also accept S Pass holders who meet all our eligibility criteria and provide the necessary documents. These include your passport, proof of residence, payslips, bank token, employment contract and staff card.
During the in-person consultation, we’ll verify these documents and gather more information from you to determine the ideal loan amount and repayment plan for your needs.
All loan products at Quick Loan are unsecured, including our personal loan and big-ticket loan items.
The total sum of unsecured loans you may take at one time from different moneylenders depends on your income level. If you’re a foreigner making less than SGD10,000 a year in Singapore, you can borrow a maximum of SGD500 in unsecured loans. With an annual income between SGD10,000 and SGD20,000, you may take out SGD3,000 worth of unsecured loans.
Finally, an annual income of SGD20,000 a year entitles you to take out unsecured loans worth up to six times your monthly earnings.
Yes, if you’re a foreigner with a valid long term visit pass and residence in Singapore, you should have no trouble accessing fast instant loans from licensed moneylenders.
As a foreign applicant, you must present your long term visit pass with a 6-month validity period. We’ll also need your passport, residence information, payslips, bank token, employment contract and staff card. These documents help us evaluate your eligibility and loan terms.
Keep in mind, however, that licensed moneylenders in Singapore are subject to a quota—we may only give out loans to 35 unique foreign borrowers a month, should your annual income be less than $40,000.
Customers who make more than S$ 40,000 a year are not subject to the foreigner quota.
We recommend that you give us a call before coming down to our office.
Yes, S Pass holders qualify as working foreigners in Singapore. This makes them eligible to apply for loans from licensed moneylenders in the country, including personal loans, medical loans and more.
Besides S Pass holders, Quick Loan also welcomes foreign applicants with valid Employment Passes. You can send an application to us online, through WhatsApp, or by visiting our office.
We’ll provide you with a dedicated loan officer who will assess your application and conduct a free in-person consultation, where you’ll present all the required documents for a foreigner loan.
Once your loan is approved, you can receive your funds instantly and look forward to an affordable repayment plan customised to accommodate your financial situation.
Yes. Foreigners can apply for a personal loan at Quick Loan Pte Ltd with no collateral and no guarantor required. We serve expats and work pass holders across Singapore.
Eligibility is straightforward — a valid employment pass and proof of income are typically all you need. Our licensed loan officers will guide you through approval and help structure a repayment plan that fits your income.
Quick Loan offers fast, transparent financing for foreign nationals in Singapore.
For foreigners, we usually require your passport, valid work pass (such as Employment Pass, S Pass or Work Permit), recent pay slips and bank statements, residence information and employment contract. These documents help us confirm your identity, income and stability in Singapore so that we can process your loan request fairly and quickly.
Yes! If you just need a small sum to cover a short gap, a shorter-term loan with quicker repayment may be suitable. For a larger sum, a longer-term instalment plan can spread payments over several months, keeping each instalment manageable. During the in-person consultation, we will explain both options and help you choose the structure that best matches your plans and comfort level.
At Quick Loan, we do consider applications from low-income foreigners. However, the loan amount may be smaller for your protection.
Instead of pushing large sums, we focus on what you can realistically repay without stress. Simply apply online, through WhatsApp or by visiting our office. We’ll provide you with a dedicated loan officer who will assess your application and advise you accordingly.
This largely depends on your annual income. If you’re a foreigner earning less than SGD 10,000 a year in Singapore, you can borrow a maximum of SGD 500 in unsecured loans. If your annual income is between SGD 10,000 and SGD 20,000, you can borrow a maximum of SGD 3,000. We will assess your loan amount and advise accordingly to ensure that you get the urgent funds you need, while keeping repayments affordable.