Foreigner Loans in Singapore - Bedok - Flexible Repayments

Why Choose Tradition Credit
for Foreigner Loans?

Flexible Loan Amounts

Secure a loan that matches your unique circumstances, with the possibility to borrow up to six times your monthly income.

Swift Access to Funds

Tradition Credit ensures that once your loan is approved, the funds are disbursed immediately on the same day

Personalized Repayment Schedules

With our s extending up to 24 months, we offer a range of solutions to fit your individual financial landscape.

Competitive Rates

Benefit from attractive and competitive interest rates, crafted to make your loan journey as affordable as possible.

Living in Singapore as a foreigner, getting money quickly when you really need it can be tough. Regular banks can make it hard for foreigners to get personal loans, especially in urgent situations.

But here at Tradition Credit, we understand the struggles expats face. We’re committed to making financial help accessible to everyone, including foreigners. Unlike some other places, we focus on giving personalized assistance and making the loan approval process fast.

If you’re thinking of applying for a foreigner loan in Singapore, you’ll probably need to show documents proving you’re legally allowed to stay here. Also, you might need to prove you earn a bit more than locals.

At Tradition Credit, we’re transparent and efficient. Our team knows the challenges expats deal with, and we work hard to get you the money you need as quickly as possible. If you’re an expat in Singapore and you need money urgently, Tradition Credit is the trustworthy choice for a smooth borrowing experience.

What is a Foreigner Loan?

A foreigner loan in Singapore refers to a specific type of loan that is designed for individuals who are not citizens or permanent residents of Singapore. These loans are typically offered by banks, licensed moneylenders, and other financial institutions within the country.

The purpose of a foreigner loan is to provide financial assistance to expatriates or foreign workers living and working in Singapore who may need funds for various reasons, such as emergencies, medical expenses, education, rental deposits, or to cover living expenses before receiving their first salary.

Tradition Credit‘s foreigner loan service is a testament to our commitment to serving the expatriate community in Singapore. By offering flexible, transparent, and tailored financial solutions, we aim to be the reliable financial partner that foreigners in Singapore can turn to during their times of need.

How Does a Foreigner Loan Work?

To be eligible for a foreigner loan with Tradition Credit, applicants must be non-Singaporean residents who possess a valid employment pass or work permit. This is to demonstrate lawful employment within Singapore, a fundamental requirement for loan approval.

Applicants are required to submit proof of employment, which may include job letters or recent salary slips, to verify their income and ability to repay the loan. Additionally, a minimum salary criterion may apply, ensuring that loans are granted to individuals with a stable financial background.

Consistent with the practices in the industry, applicants for Tradition Credit‘s foreigner loans are required to remain in Singapore for the duration of the loan tenure until the loan is fully repaid. This requirement ensures a straightforward repayment process and allows us to provide ongoing support to our clients.

Loan Purpose and Versatility

Tradition Credit‘s foreigner loans are designed to be versatile, addressing a wide array of financial needs. Whether it’s for medical emergencies, educational expenses, rental deposits, or bridging the gap before receiving the first paycheck, our loans provide the necessary financial support. This versatility is crucial, as it allows expatriates to face various financial challenges with ease and confidence.

Begin Your Application Today!

Go for a seamless path to securing your financial needs with Tradition Credit. Our application process is designed to be straightforward and efficient, ensuring you receive the support you need without delay. Ready to take the first step? Here’s how:

Online Inquiry: Begin by filling out our simple online inquiry form.
Document Submission: Provide all necessary documents for verification.
Loan Consultation: Our dedicated loan officers will work with you to understand your needs and tailor a loan package accordingly.
Approval and Disbursement: Once approved, your funds will be disbursed quickly and efficiently.

For more information or to start your application, contact us today. Our friendly and professional team is ready to assist you every step of the way, ensuring a smooth and supportive lending experience.

Call us now at 6283 1323

Our foreigner loan specialists will attend to you immediately
Monday - Friday: 11:30 - 20:00
Saturday: 11:30-19:00

Apply Online For Foreigner Loan

Empowering Expats with Tradition Credit's Foreigner Loan

At Tradition Credit, we’re not just a lending institution – we’re your trusted partner in overcoming financial hurdles, especially for foreigners in Singapore. We uphold the utmost integrity and professionalism, guaranteeing the security of your information and addressing your financial requirements with tailored solutions, including foreigner loans. Rest assured, we’re here to support you every step of the way.

Wait No More!

Take the first step towards financial stability by applying for a foreigner loan with Tradition Credit today. Our streamlined process ensures swift approval and access to the funds you need, allowing you to overcome financial challenges with confidence.

FAQ – Interest rates and fees

What are the fees that moneylenders can charge?
With effect from 1 October 2015, all moneylenders are only permitted to impose the following charges and expenses:
- a fee not exceeding $60 for each month of late repayment;
- a fee not exceeding 10% of the principal of the loan when a loan is granted; and
- legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.
What should I consider before taking up a loan?
Before approaching a moneylender, consider other alternatives, such as the various financial assistance schemes offered by various Government agencies.
You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
What should I do after being granted a loan?
- Make sure the moneylender delivers to you the correct principal amount of the loan.
  The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
- Pay the loan instalments on time to avoid incurring late payment fees and late interest.
- You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

Applying For Foreigner Loan in Singapore

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.

All The Great Loans in One Place. Tradition Credit.

Simple, Fast and Secure

Getting a fast cash loan in Singapore can be actually easier than it seems. Here in Tradition Credit, we offer a hassle-free and yet reliable fast personal loan application process online. Getting a fast cash loan in Singapore has never been easier. We have proven to have a strong and consistent track record in offering emergency fast credit cash loans to many Singaporeans in their time of need.

With many years of experience in handling individuals with imperfect credit score, we have still managed to offer fast personal loan packages to many within a short period of time legally. If you are looking to get a quick cash loan or personal loan in Singapore for your own financial needs, you should first engage our consultants and we will be more than happy to offer you a free consultation over the phone or even at our office.