Payday Loan in Singapore for Urgent and Unexpected Expenses
It’s easy to be blindsided by minor emergencies. Our payday loan can help tide you over until your next payday while easing your worries.
- A payday loan helps you smooth out your cash flow until you get your next month’s salary. If you need urgent cash, apply for our payday loan online in Singapore to cover short-term expenses.
- Use our payday loan to cover emergency expenses that can’t be postponed. These include hospital bills, urgent home repairs, and more.
- Borrow from a licensed moneylender that operates under strict regulations from the Ministry of Law. Plus, we’re a member of the Singapore FinTech Association.
What Are Payday Loans and
How Do They Work?
A payday loan is a small loan you take out from a licensed moneylender equal to (or less than) a month of your salary, hence the name. Think of it as a way to receive your salary early. You’ll need to settle the payday loan (principal amount + interest) once you receive your following month’s salary. You can apply for a payday loan in Singapore either online or offline at licensed lenders’ offices.
The Payday Loan Process Summarised
1. Apply for the payday loan, be approved, and receive your funds.
2. Use the loan to pay for your daily necessities or emergency expenses.
3. Repay the principal amount and interest when you get your next paycheck.
Payday Loans From 1-Fund
Licensed moneylenders, such as 1-Fund, often have more flexible loan eligibility criteria. Even if your credit score is poor, you may still be eligible to apply for our Singapore payday loan online so long as you’re drawing a stable income.
How 1-Fund Helps You Secure Approval for Your Payday Loan
- As long as you’re drawing an income, you can apply for a payday loan
- Once you’re 18 years old or above, you’re eligible for our loans
- You don’t need to pledge collateral when you’re applying for our payday loan in Singapore online or at our office
- In Singapore, applying for a payday loan online is as simple as 1- 2-3!
What Can You Use Our Payday Loans For?
Payday loans can be used for many purposes. It depends on the financial emergency you find yourself in, which may include:
Paying the bills for electricity, water, and other essential utilities at home.
Repaying your credit card bills before you start to incur interest.
Resolving sudden, but minor emergencies. For example, replacing an air conditioner.
Helping your loved ones pay off a small amount of debt they’ve incurred.
Not wanting to risk overborrowing from a longer-term personal loan.
Aiming to guarantee approval, as payday loan amounts are usually much smaller.
How Much Can I Get for a Payday Loan?
Because of the purpose they serve, payday loans are restricted to one month of your income.
If you need a larger amount or longer tenure, consult our loan officers and we’ll create a personalised solution for you.
Hear From Our Clients
We’re not just licensed — we’re loved. Hear from our customers why 1-Fund is one of the top legalised moneylenders in Singapore and the go-to name for those seeking trustworthy local moneylenders.
How Do I Apply for a Payday Loan?
3 Steps to
Get Your Payday Loan
1. Fill out our quick and easy application form.
2. Receive loan approval — in as little as 15 minutes!
3. Accept your loan offer at our office.
Frequently Asked Questions
Payday Loans in Singapore
Can I get my payday loan instantly?
Yes, especially if your payday loan application form is error-free and includes all the necessary supporting documents.
Am I eligible for 1-Fund’s Singapore payday loan?
at least
18 years old
have a
stable income
As long as you’re at least 18 years old and have a stable income, you’re eligible to apply for our Singapore payday loan online and in-person.
What supporting documents do I need for a payday loan application?
Whether you’re applying for payday loans online or at our office, you’ll need to furnish the following documents:
- Identity proof (NRIC, Work Pass, etc.)
- Proof of income (Payslips, CPF contribution history, invoices, etc.)
- Any additional information that we request for
What is your payday advance loan’s interest rate and loan tenure?
Interest / month
0% - 3.92%
We charge an interest rate of 0% to 3.92% monthly on our payday loans, with the maximum rate not exceeding 4% per month. This is in line with the Ministry of Law’s guidelines. And we require all borrowers to repay the loan after they’ve received their following month’s salary.
Can I get a payday loan in Singapore without collateral?
Collateral refers to property, valuables, or vehicles you pledge to the lender, promising they can be sold in case you default on your loan. However, our payday loan is unsecured. This means you don’t have to submit collateral when you apply for our payday loan.
Is it easy to get a payday loan in Singapore?
As licensed moneylenders have less stringent criteria, it’s considerably easier to get a loan from us, including payday loans. Remember, you only need to be 18 years old or older with a stable income. And your chances of being approved increase if your credit score is good.
How do I enquire more about 1-Fund’s payday loans?
Call us during our business hours at +65 6669 9999 or message us on WhatsApp anytime! You can drop by our office and speak to our loan officers immediately, too. View our contact details here.
Will I be charged if I repay my payday loan early?
No. We don’t charge early repayment fees or penalties for payday loans.
How do I choose the best licensed moneylender for a payday loan?
First and foremost, make sure the lender is on the Ministry of Law’s registry. Then, get quotes for a payday loan at different lenders to ensure you’re truly getting the lowest interest rate and fees. While you’re applying, be aware of how responsive and helpful the lender’s staff is.
Reach Out to Us
You’ll only need a minute to apply for our Singapore payday loan online! Start your application online or visit us at our office and receive a free consultation while you’re here.