Urgent Monthly Loans for Any Financial Emergency You Face
If you run into a situation where your savings aren’t enough to cover a personal crisis, our instalment loan has your back!
- Our monthly loan in Singapore can be used for emergency expenses, to overcome late fees and penalties, manage big-ticket purchases, and more.
- Pay off your instalment loan in a predictable, manageable way that lets you plan and stay disciplined with your finances.
- Borrow from a licensed moneylender that operates under strict regulations from the Ministry of Law. Plus, we are a member of the Singapore FinTech Association.
What Are Monthly Loans And
How Do They Work?
A monthly loan, also known as a monthly instalment loan, is a sum of money that you borrow from a bank or licensed moneylender. It can be used to resolve unexpected financial emergencies or to make a time-sensitive investment. You’ll then repay the loan over a fixed period and in a set number of instalments in accordance with your agreed loan terms.
This Is How a Monthly Loan Works
1. You take up a loan from a licensed moneylender
For example, S$10,000 with a 3% monthly interest rate and one-year tenure.
2. Repayment begins
You need to pay the lender S$1,004.62
(inclusive of principal amount + interest)
every month until all
12 instalments are complete.
An Alternative to Banks:
Monthly Loans From 1-Fund
Licensed moneylenders like 1-Fund have more flexible requirements than traditional and digital banks. As long as you meet the minimum age and can prove your monthly income, you’ll be eligible for an instalment loan. Your chances of being approved increase if your credit score and history are good.
Banks vs 1-Fund
Banks vs 1-Fund
Banks
Why a Bank May Reject Your Monthly Loan Request
- You don’t meet the loan’s minimum annual income requirement
- Your credit score isn’t high enough
- You’ve applied for too many loans or credit cards in a short amount of time
- Your employment history is unstable. For example, joining and quitting multiple jobs in one year
1-Fund
How 1-Fund Can Help You Secure Approval for a Monthly Repayment Loan
- Anyone who’s above 18 years old can apply
- If you draw an income, you are eligible for a monthly instalment loan
- There is no minimum credit score required
What Can You Use Our Monthly Loans For?
Our monthly loans can be used for various purposes. It depends on the situation you’re in and what you’re trying to resolve:
If your insurance policies can’t cover a serious illness or injury that you have.
If your car or motorcycle has broken down and requires extensive repairs.
If you need to make a big-ticket purchase suddenly but have insufficient funds.
If you’re helping out a loved one who needs money urgently.
If an investment or business opportunity presents itself, and you need funding.
If you have huge life changes. For example, divorce, moving out, etc.
How Much Can I Get for a Monthly Loan in Singapore?
Our clients generally borrow between S$3,000 and S$5,000 when they apply for a monthly loan. However, your loan limit depends on your residency status and annual income:
| Residency Status | Annual Income | Loan Limit |
| Singapore Citizen / Permanent Resident | Below S$10,000 | S$3,000 |
| S$10,000 to S$19,999 | S$3,000 | |
| S$20,000 and above | Six times your monthly income | |
| Foreigner | Below S$10,000 | S$500 |
| S$10,000 to S$19,999 | S$3,000 | |
| S$20,000 and above | Six times your monthly income |
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 Monthly Repayment Loan?
3 Steps to
Get Your Monthly 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
Monthly Instalment Loans in Singapore
Can I get a monthly loan instantly?
Yes! Licensed moneylenders like 1-Fund can approve your monthly loan application in just minutes and disburse the funds once you accept the offer. What’s more, we prioritise returning clients with a good repayment history.
Am I eligible for 1-Fund’s monthly repayment loan?
If you meet the requirements below, you’re eligible for our instalment loan:
Have a stable income
Be at least 18 years old
What documents do I need for monthly instalment loans?
When you’re applying for monthly instalment loans with us, you’ll need to submit these supporting documents:
- Valid identity proof (NRIC, Work Pass, etc.)
- Proof of income (Payslips, CPF contribution history, etc.)
- Any additional documents we request for
What is your monthly loan’s interest rate and tenure?
Interest / month
0% - 3.9%
Loan Tenure
6 - 12 months
At 1-Fund, our monthly loan interest rate ranges from 0% to 3.92%. Rest assured, you will not be offered anything above 4% a month, as per the Ministry of Law’s regulations.
Loan tenures range from 6 to 12 months, but we can customise packages to suit your financial situation and needs.
Can I get a monthly repayment loan in Singapore without collateral?
Collateral refers to property, vehicles, or valuables you guarantee the lender can sell in the event you can’t repay your loan. That said, we do not require you to pledge any collateral to secure your monthly loan when you apply for it.
Is it easy to get an instalment loan in Singapore?
Traditional and digital banks have strict requirements for instalment loans, but if you’re borrowing from a licensed moneylender, you enjoy greater flexibility. And to improve your chances of being approved, you can:
Improve your credit score
Ensure your application is complete and accurate
Apply for a loan amount that’s not beyond what you can realistically repay
How do I enquire more about 1-Fund’s monthly instalment loans?
Call us at +65 6669 9999 or send a message to the same number on WhatsApp. If you’re nearby, you can visit our office and we’ll answer your enquiries on the spot!
Will I be charged when I repay my monthly loan early?
Other monthly moneylenders might implement this, but we do not charge any early repayment penalties or fees.
How do I choose the best licensed monthly loan moneylender?
The first thing you need to do is ensure you’re only applying to licensed moneylenders in the Ministry of Law’s registry. Then, compare monthly loan packages from different lenders to determine who offers the lowest interest rates and fees. We also recommend choosing based on customer service standards, as the ideal moneylender should have the patience and expertise to guide you on your loan application and answer any further questions you may have.
Reach Out to Us
All set to apply for a monthly loan with us? Submit an online application in under a minute, or visit us at our office to apply in person while receiving a free loan consultation session!