Tradition Credit

Self Employed Loan

Your Go-To Source for Financial Empowerment with Self-Employed Loans

Why Choose Tradition Credit
for Self Employed Loans?

High Loan Approval Rates

We value your business vision and personal drive over traditional credit assessments, enhancing your chances of self emplyed loan approval.

Transparent Costs

Our commitment to honesty means you'll face no hidden fees. For all of our loan services, we follow just straightforward and fair lending practices.

Flexible Repayments

We allow you to enjoy flexible installment plans for up to 24 months, perfectly synced with your income cycle, whether it is self-employed loan or any other loan service.

Immediate Funding

Time is money. Once approved, receive your self employed loan on the same day. loans are disbursed swiftly, helping you stay on track without delay.

Are you self-employed in Singapore and looking to get a personal loan? You might wonder if it’s possible. Good news: it is.

But, getting a loan when you’re self-employed is a bit different than if you have a regular job. When you work for yourself, your income might change a lot. This can make getting a loan a bit harder because banks and other places that lend money usually want to see that you can pay them back easily.

People often need self-employed loans for big purchases, to pay off debts, or to handle surprise costs. But if you’re self-employed, like a freelancer or running your own business, your money situation might not always be steady. This can make you seem risky to lenders.

Here’s where Tradition Credit comes in. We get that if you’re self-employed, you might face some tough spots when trying to borrow money. The usual way banks decide if they’ll lend you money might not fit your situation. But we’re here to help you, offering special loans just for self-employed people like you. These loans are made to help you reach your business goals and take care of your needs.

We do things differently at Tradition Credit. We believe in your potential, no matter how you make your money. We offer flexible and easy-to-get financial help. Whether you need to consolidate debt, make a big purchase, or cover an unexpected expense, our self-employed loans are designed with you in mind.

What is a Self Employed
Loan?

Self-employed loans are specifically designed for individuals who run their own business or work on a freelance basis.

Unlike traditional loans, which often require proof of stable income, self-employed loans are tailored to meet the fluctuating income patterns of entrepreneurs and freelancers.

These loans provide the necessary financial support to manage business operations, invest in growth opportunities, or cover personal expenses, ensuring you can achieve your goals without compromise.

Tradition Credit is your trusted partner we offer bespoke self-employed loans designed to fuel your business dreams and personal aspirations.

Self-employed professional holding money in front of a laptop with documents on the desk, representing the success of securing a self-employed loan

How it Works?

self employed loan

Self-employed loans cater to individuals whose income isn’t as steady as that of regular employees. Here’s how they work in a nutshell:

Application Process: You need to show proof of income through tax returns, bank statements, etc., for lenders to assess your repayment capability. A credit check is also conducted to evaluate your financial history.

Evaluation: Lenders examine your income stability and debt-to-income ratio to understand your financial health. This step is crucial due to the variable nature of self-employed earnings.

Loan Terms: Interest rates on self-employed loans may be higher to offset the risk of fluctuating incomes. Repayment terms vary, with some lenders offering flexibility to suit the borrower’s income patterns.

Approval and Disbursement: If your financial stability and creditworthiness meet the lender’s criteria, the loan is approved and funds are disbursed.

Repayment: Regular repayments are scheduled, with some lenders providing flexible payment options to align with the borrower’s income fluctuations.

 

 

Apply for Self Employed Loan Now!

Whether you’re starting an entrepreneurial venture or tackling personal financial obstacles, Tradition Credit is by your side. 

Our office in Bedok is easy to find and close to major transport routes, making it simple for you to visit and chat with us.

Financial obstacles shouldn’t stop your progress. Find out how Tradition Credit‘s loans for the self-employed can open new doors for your business and personal life. Apply today and move closer to your financial goals with confidence and peace of mind.

 

 

Call us now at 6283 1323

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

Apply Online For Personal Loan

 

 

Traditional Credit : Empowering Self-Employed

Since 1994, Tradition Credit has established itself as a trusted and reliable partner in Singapore’s lending market, offering a range of financial solutions for the self-employed, entrepreneurs, and individuals seeking ethical lending practices. Our commitment to customer satisfaction and support for local businesses is reinforced by our licensed status and membership in the Credit Association of Singapore (CAS), ensuring we uphold the highest standards of integrity and professionalism across all our services.

Ready to Start Your Journey?

Don’t let financial hurdles hold you back. Discover how Tradition Credit‘s self-employed loans can unlock new opportunities for your business and personal life.

Take the first step towards achieving your financial goals 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 Personal Loans 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.
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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.