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Unsecured Loan

Receive a comprehensive unsecured loan package with no collateral today.

Why choose engage us for
your Unsecured Loan?

Hassle-Free Application

Check your eligibility and complete your application in less than 10 minutes.

Professional Consultation

Our team of consultants will help you choose the loan that’s right for your lifestyle and budget.

Flexible Repayments

Flexible repayments scheme and make extra payments as and when you can.

Fast Access To Cash

Once the documents are approved and your application is completed. You’ll have the funds within the day.

Get Your Unsecured Loan Today

Our short term loans specialists will attend to you immediately

Call Us

6283 1323

Unsecured Loan Provider in Singapore

What is an unsecured loan?

An unsecured loan is a loan or credit issued by either a bank or an unsecured loan provider in Singapore that is based on the borrower’s credit score and the key thing is that it does not have any collateral, which means that the borrower does not need to hand in any asset that can be forfeited in the event that the unsecured loan is not paid for.

Unsecured loan providers in Singapore bear the risk as this type of loan does not have any collateral, thus certain unsecured loan money lenders might offer high interest rates. However, at tradition credit, we are a licensed unsecured loan provider in Singapore and our added benefit is that we offer unsecured loans with lower interest and with more flexible repayment plans.

What is the maximum amount that I can borrow?

By default, borrowers must have a healthy or high credit score in order to borrow a higher unsecured loan amount. The credit score is a representation of the borrower’s ability to return back the borrowed amount, which takes into account the borrower’s credit history.

Types of unsecured loans:
– Student Loans
– Credit Card Loans
– Personal Loans

FAQ – Unsecured Loan

  • Unsecured Loan in Singapore - Access Funds without Collateral for Your Financial Needs
    Tradition Credit's Unsecured Loan service provides a reliable and convenient option to obtain financial support without the need for collateral. Designed to address various personal or business requirements, our unsecured loans offer flexibility and convenience.
  • Understanding Unsecured Loans in Singapore:
    In Singapore, unsecured loans refer to loans that do not require borrowers to provide collateral, such as property or assets, as security against the loan amount. These loans are commonly used for personal expenses, debt consolidation, business funding, and other financial needs.
  • Singapore's Laws and Regulations on Unsecured Loans:
    Unsecured loans in Singapore are subject to the regulations and guidelines set by the Ministry of Law and the Association of Banks in Singapore (ABS). These regulations aim to protect borrowers and ensure responsible lending practices by financial institutions.
  • Eligibility Criteria for Unsecured Loans:
    To be eligible for an unsecured loan in Singapore, individuals typically need to meet the following criteria:

    Age: You must be at least 21 years old and not exceeding the maximum age set by the financial institution.

    Citizenship/Residency: Unsecured loans are generally available to Singapore citizens, permanent residents, and foreigners with a valid work permit.

    Minimum Income Requirement: Lenders typically have a minimum income requirement to ensure that borrowers have the means to repay the loan. The specific income threshold may vary among financial institutions.

    Credit History: Your credit history plays a significant role in determining your eligibility for an unsecured loan. Financial institutions assess your creditworthiness based on factors such as your credit score, repayment history, and existing debt obligations.
  • Benefits of Unsecured Loans:
    No Collateral Required: Unlike secured loans that require collateral, unsecured loans offer access to funds without the need to pledge assets. This makes them an attractive option for individuals who may not possess valuable collateral or prefer not to risk their assets.

    Quick Approval Process: Unsecured loans typically involve a streamlined application and approval process, allowing you to access funds faster compared to certain secured loan options.

    Versatile Usage: Unsecured loans can be used for various purposes, such as debt consolidation, home improvement, medical expenses, education costs, business expansion, or other personal financial needs.

    Flexibility in Loan Amount: Depending on your financial situation and the lender's policies, unsecured loans can range from small amounts to larger sums, allowing you to tailor the loan to meet your specific needs.
  • Example of Unsecured Loan with Tradition Credit:
    Suppose you require funds to cover a medical expense of $10,000. With Tradition Credit's Unsecured Loan service, you can obtain the necessary funds without pledging collateral. Our flexible repayment options and competitive interest rates can help you manage your financial obligations effectively.

    Tradition Credit ensures compliance with Singapore's laws and regulations governing unsecured loans, offering a transparent and trustworthy borrowing experience.
  • Take the Next Step Towards Financial Support:
    If you are seeking financial assistance without the need for collateral, Tradition Credit's Unsecured Loan service is here to help. Our experienced team will guide you through the application process, ensuring compliance with Singapore's laws and regulations, and customize a loan solution to fit your specific financial requirements.

    Contact Tradition Credit today to explore how our Unsecured Loan service can provide you with the funds you need to address your financial goals and aspirations.

Our Simple Unsecured Loan Process

We get you the cash when you need it.
Simple, fast and secure.
Borrowing with us is done in 3 easy steps

Step 1
Apply Online
Complete our simple online application form, it only takes a few minutes. We will contact you & discuss your application & options.
Step 2
Submit and verify
Bring along your supporting documentation, we will verify your eligibility and confirm facility amount.
Step 3
Get Funds
Sign your documentation and you will get the funds on the same day. Many of our loans are funded within the same day of applying.

Call us now at 6283 1323

Our personal loans specialists will attend to you immediately
Mon – Sat, 11am – 7pm

Apply Online For Personal Loan

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We have simplified the business loan process by focusing on business health, not just personal credit. And that let you spend time where it should be — on growing your business.

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Ever since 1994, Tradition Credit solve many issue facing loans for expatriates and foreigners residing in Singapore. When you employ our services, we tailor different payment schedules for your circumstances.

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A personal loan can be the perfect way to get what you’ve always wanted. We offer secured and unsecured money loans depending on your situation and always work to cater to your unique needs

All The Great Loans in One Place. Tradition Credit.

Simple, Fast and Secure

As an unsecured loan money lender in Singapore since 1994, our experience have allowed us to offer a comprehensive suite of financial services solutions including unsecured loan services. We have a long serving group of staff who are knowledgeable and helpful to assist you with the loan process in a simple, fast and secure way.