A flat interest rate means the interest is calculated upfront based on the original principal amount for the entire tenure, and then divided equally across your monthly instalments. For example, a S$10,000 loan at 4% flat interest over 1 year means total interest is S$400, making your total repayment S$10,400. This differs from reducing balance rates (often used by banks) where interest decreases as you pay down the principal.

For Singapore Citizens and Permanent Residents, the borrowing limits are:

• Less than S$10,000 annual income: Up to S$3,000
• S$10,000 to S$20,000 annual income: Up to S$3,000
• S$20,000 and above annual income: Up to 6 times your monthly income ( capped at S$50,000 for unsecured loans)

For foreigners residing in Singapore, the limits may differ based on the lender’s assessment and your employment pass type.

The lenders on our platform offer flexible repayment tenures ranging from 1 month to 36 months. You can choose a tenure that best fits your monthly cash flow—shorter tenures mean higher monthly payments but lower total interest, while longer tenures reduce your monthly burden but accrue more total interest.

Approval speed varies slightly by lender, but our partners pride themselves on speed. Alles Autos Credit, for instance, offers approvals and disbursements within 1 hour for eligible applicants who submit complete documentation early in the day. Generally, you can expect funds in your account on the same day or within 24 hours.

Absolutely. Every single lender featured on CreditMatch.sg is officially licensed and regulated by the Ministry of Law (MinLaw) under the Moneylenders Act. They strictly adhere to legal interest rate caps (max 4% per month), transparent fee structures, and fair debt collection practices mandated by the Singapore government.

CreditMatch is an independent comparison platform. We are not a lender and do not lend money directly. We aggregate offers from MinLaw-licensed moneylenders and earn a referral commission from them — at absolutely no cost to you. Your rate and terms are identical to what you’d get applying directly with the lender.