Non-Bank Loans in Singapore: Faster, More Flexible Options – Up to S$500,000
What if you need money urgently but your bank loan fails? Learn about non-bank loans. In Singapore, non-bank loans are a convenient solution for those who want to get funds quickly without going through lengthy bank procedures. Some loans can even reach up to S$500,000.
In Singapore, non-bank loans are available through licensed lenders, fintech platforms and alternative lenders. These institutions use simple digital processes to quickly process applications, and funds are usually received quickly, which is crucial in emergencies!
You may wonder: Are these loans safe? Are they suitable for me? And how do I find a reputable lender? This guide gives you a comprehensive overview of non-bank loans in Singapore.
✅ Why Many Choose Non-Bank Loans in Singapore?
✔ Fast processing – Many providers give a decision quickly, and applications can often be completed online within minutes.
✔ Flexible eligibility – Not always requiring full-time salaried employment—freelancers, gig workers, and self-employed individuals may also qualify.
✔ Custom loan amounts and terms – Borrow small emergency funds or larger sums with repayment plans tailored to your needs.
✔ Fully online experience – From application to signing, everything can be done digitally.
✔ Legit and regulated – Providers are licensed by Singapore’s Ministry of Law or the Monetary Authority of Singapore (MAS).
⚠️ Important Things to Consider Before Applying
🔍 Compare effective interest rates and fees – Be aware of the total cost of borrowing, including administrative and late fees.
🧮 Plan realistic repayment – Only borrow what you can comfortably repay monthly.
🏦 Verify licensing and reputation – Only deal with lenders registered with relevant authorities such as MAS or the Ministry of Law.
💸 Popular Non-Bank Lenders in Singapore
| Platform | Coverage | Loan Amount & Term | Special Features |
|---|---|---|---|
| 🔵 Credit Thirty3 | 🇸🇬 Singapore | $500 –$100,000 / 1 – 36 months | Fast digital application, licensed by Ministry of Law |
| 🔵 Lendela | 🇸🇬 Singapore | $1,000–$200,000 / 3 – 72 months | Compare offers from multiple lenders in one place |
| 🔵 Cash Mart | 🇸🇬 Singapore | $500 –$300,000 | Short processing time, licensed moneylender |
| 🔵 Accredit | 🇸🇬 Singapore | S$500 –S$500,000 | Licensed and well-reviewed lending provider |
| 🔵 Katong Credit | 🇸🇬 Singapore | Based on income and eligibility | Personalized service and flexible options |
| 🔵 Bugis Credit | 🇸🇬 Singapore | Customized per individual application | Trusted provider with transparent terms |
💡 Note: Singaporean law limits licensed lenders to a maximum of 4% interest per month.
🎯 Who Are Non-Bank Loans Suitable For?
Individuals facing unexpected expenses (e.g., medical bills, home repairs, vehicle breakdowns)
Self-employed individuals, freelancers, and gig workers without a regular paycheck
Those who need quick access to cash and want to avoid lengthy bank processes
Compare non-bank loans in Singapore - fill out your application online, choose flexible loan terms and get a quick response. Choose from an experienced and licensed institution.
Frequently Asked Questions (FAQ)
▶ Are non-bank loans safe in Singapore?
Yes, as long as you use licensed providers regulated by the Ministry of Law or MAS. Avoid unlicensed moneylenders.
▶ How quickly will I receive the funds?
Most providers transfer money shortly after approval—often on the same day or sooner.
▶ Can I get a loan without full-time employment?
Yes, many lenders assess eligibility based on overall factors such as income, repayment capacity, and credit standing.
▶ What if I can’t repay on time?
Late payments incur fees and may affect your credit rating. Contact the lender early to discuss repayment options.
▶ Are there any downsides?
As with any financial product, there are trade‑offs. Non-bank loans often carry higher interest than traditional bank loans. However, if used responsibly and for short-term needs, they can be an effective financial tool.
📌 Loan Guidelines
- Loan amounts are personalized based on your financial status and credit evaluation.
- Interest rates are regulated by law, but be mindful of all costs.
- Avoid over-borrowing—only take what you need.
- Keep personal data secure and avoid sharing passwords or login credentials.
The information in this article is up to date at the time of publication. Before applying for a loan, it is recommended that you check the terms and conditions of each company.