365 Credit Solutions Pte Ltd is a licensed moneylender (License No. 17/2024) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.​

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FAQs About Licensed and Unlicensed Money Lenders

Your Questions Answered.

To ensure that you are dealing with a reputable and licensed lender, it is crucial to perform due diligence by verifying our licensing status. You can do this by visiting the official Ministry of Law website.

To qualify for a loan, you must meet specific criteria. Applicants must be at least 21 years old and have a minimum monthly salary of SGD2,000 for Singaporean locals and PRs or SGD3,000 for foreigners working in Singapore. 

Additionally, applicants must provide certain documents. For Singaporean locals and PRs, these include:

  • Identity Card / NRIC
  • Proof of residence (utility bill, letter addressed to you, or tenancy agreement)
  • Proof of employment (certificate of employment if job duration is less than 3 months)
  • Recent 3 months’ payslip
  • Singpass (to log into CPF, HDB, IRAS websites)

Foreigners working in Singapore should provide:

  • Passport
  • Work permit / S-Pass / Employment pass
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment if job duration is less than 3 months)
  • Recent 3 months’ payslip
  • Proof of income (bank or account statement)
  • Singpass (to log into IRAS website)

You can contact us by phone or conveniently apply online through our website. Once you’ve expressed your interest, we welcome you to visit our offices, where our dedicated team will work with you to design a personalized loan plan that aligns with your specific requirements and financial situation. After thoroughly understanding the terms and conditions, you’ll be required to sign the loan agreement. Once the agreement is in place, you can expect to receive your approved cash loan within an hour, ensuring that your financial needs are met promptly and efficiently.

Here are the simple steps:

  1. Call us or apply online.
  2. Visit our offices to discuss and create a customized loan plan tailored to your needs.
  3. Sign the loan agreement, ensuring you understand the terms and conditions.
  4. Receive your cash loan within an hour after approval.

It takes approximately 2-3 minutes to fill out the form and 30 minutes to receive a call from us, and you can get cash within 1 day.

Once your loan is granted approval, the loan officer will go over the loan agreement with you. It’s essential to fully comprehend the terms and conditions before you affix your signature to the contract. Your funds will be released in cash immediately following the contract signing.

You will be given the disbursed loan amount in cash when you visit our office in person.

Within an hour, provided you provide complete documents to avoid delays.

Repayments are fixed every month.

For example, suppose you borrow $10,000 with a 4% interest rate and repay it over 6 months. In that case, your monthly installment will be approximately $1,907.62, and the total interest paid over the life of the loan will be approximately $1,445.72.

We will provide you with instructions on how to send your monthly payment upon signing the contract.

Contact us immediately to avoid incurring late fees. We can help you manage your repayment tenure to suit your needs.

We only charge a permitted maximum late interest rate of 4% per month. Late interest can only be applied to overdue amounts, not to outstanding balances not yet due.

For example, if you borrow $10,000 and miss a $2,000 installment, late interest can be charged on the $2,000 but not on the remaining $8,000, which is not yet due.

There are no penalties for repaying your loan early. In fact, you have the opportunity to receive a discount, which is a benefit that sets us apart from traditional banks.

Ensuring the confidentiality of your personal information is of utmost importance to us. To achieve this, we have implemented rigorous data privacy measures and adhere to strict data policies. These policies encompass various security protocols and best practices designed to safeguard your sensitive information.

Yes, it’s possible. We consider your employment status and monthly salary, but a good credit score is preferred.

No, you should have a minimum monthly income of at least 2,000 SGD as a requirement.

For personal loans, you’ll need an identity card, proof of residence, proof of employment, recent payslips, Singpass, and additional documents as necessary.

Yes, you can apply for a new loan even if you have an existing one.

Possible reasons include incomplete documents or debts deemed too risky by the lender.

No, you’re free to request free quotes without any obligation.

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