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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Get a Fast Cash Loan Singapore at Low Interest Rate

Cash Loan

Having the means to grab a fast cash personal loan is very convenient and can make your financial situation much easier.

Sudden difficult situations such as emergencies, accidents, and tragedies can be dealt with more smoothly if we have extra available cash in our hands.

Aside from these, quick cash loans can also help businesses struggling to comply with existing loan interest or looking to improve their cash flow. However, a good credit score is also important in increasing the chances of getting that personal loan application approved.

It serves as proof that you are a trustworthy potential client, and this also helps in increasing the maximum loanable amount. But if you have bad credit scores, there’s no need to panic, because it is still possible to get fast cash loans despite your situation.

This article will show you how you can make that possible in Singapore.

Why are fast cash loans important?

The importance of a fast cash loan lies in the multitude of difficult situations and needs that the clients of money lending companies face.

Difficult situations can sometimes happen suddenly; situations such as sudden unemployment, medical emergencies, and ballooning of existing debt interest are examples of these situations, which extra cash can definitely help in solving the problem or at least make the situation much easier to solve.

Loans can also help with regular personal and business commitments, which are oftentimes expected and planned ahead of time. For example, even in simple daily expenses, and even with improving the cash flow of your business, loans will have a lot of different ways of use, depending on your situation and needs.

Eligibilities and Requirements for Fast Cash Loans

Before you can submit your personal loan application to a money lender, there are several things that you need to take into consideration. First, you have to check the eligibility criteria and the required documents that you need to present with your loan application. Here are the standard personal loan Singapore eligibility criteria and requirements.


  • At least 21 years old
  • Minimum salary of SGD 2,000 for Singaporean locals and PRs
  • Minimum salary of SGD 3,000 for foreigners working in Singapore


For Singaporean locals and PRs

  • Identity Card/NRIC
  • Proof of residence (utility bill, a letter addressed to you, and/or tenancy agreement)
  • Proof of employment (certificate of employment if your job tenure is less than 3 months)
  • Recent 3 months payslip
  • SingPass ( to log into CPF, HDB, IRAS website)

For foreigners working in Singapore

  • Passport
  • Work permit/S-Pass/Employment pass
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment if your job tenure is less than 3 months)
  • Recent 3 months payslip
  • Proof of income (bank or account statement)
  • SingPass

What are the advantages of fast cash loan?

Being eligible for a fast cash loan has many advantages for every situation and needs. As an example, here are three advantages of fast cash loans.

Perfect for sudden difficult situations

Most of the time, a quick cash loan is used for sudden difficult situations. As a client, there’s no need to worry about these kinds of emergencies, as being eligible for a loan will instantly help you in whatever sudden situation that will challenge or require your financial capability.

Acts as a safety net for future situations

This advantage can be seen in planned endeavors and commitments, especially with expenses that are expected ahead of time. Having access to a loan will help you prepare for the future by enabling you to accomplish your plans.

Hassle-free experience

This experience is exclusive for licensed money lending companies, and will be the general experience when applying for personal loans in Singapore. Applying for a fast cash loan on a licensed money lender in Singapore will always guarantee a legal, fast, and courteous type of service. They offer clear-cut contracts, proper interest rate, and established physical offices if you need to visit and inquire with them.

What is a credit score and why it matters on loans?

Your credit score is a reflection of how reliable and trusted you are as a client. Depending on your score, it will affect your loan application positively or negatively. Credit scores in Singapore range from 1000 to 2000, and higher numbers mean a more positive credit score.

Here is a table detailing the score ranges, risk grade, and the probability of default (the likelihood that the client will be unable to pay their debt obligations).

Score Range Risk Grade Probability of Default (Min) Probability of Default (Max)
1911-2000 AA 0.00% 0.27%
1844-1910 BB 0.27% 0.67%
1825-1843 CC 0.67% 0.88%
1813-1824 DD 0.88% 1.03%
1782-1812 EE 1.03% 1.58%
1755-1781 FF 1.58% 2.28%
1724-1754 GG 2.28% 3.46%
1000-1723 HH 3.46% 100.00%

Having been acquainted with the score range table, here are the factors that will determine your credit score.

  • Amount of credit used

The more debt you currently have, the more that it will lower your score.

  • Applications for new credit

If you have been acquiring new credit facilities (i.e. more debt) within a short period of time, financial institutions may think that you are borrowing recklessly and more than your capability to pay.

These situations could lower your credit score

1. Late payments on loans 

Not being able to pay on time, which is also known as “delinquency” will definitely affect your assessment and will lower your credit score. You need to pay your existing loans on time or ahead of time to avoid this consequence.

2. The length of your credit history

A moneylender prefers clients with a longer credit history than those with shorter histories or those who are just beginning or do not have any credit history. But still, even if you have a long credit history, it is preferable that this credit history is a generally positive credit history as well.

3. Available credit 

This refers to the number of credit facilities you have. For example, your credit score will be affected negatively if you currently have multiple lines of credit and credit cards.

The number of your credit applications and inquiries into your credit score – With every loan application or credit card application that you make, the corresponding financial institution will make an inquiry into your credit score with CBS. CBS notes this inquiry and this information is shared with other financial institutions. Having multiple applications within a short amount of time will inform institutions that you are trying to acquire more debt.

Can you get a Fast Cash Loan with Bad Credit?

While it will negatively affect your fast cash loan application, you can still get your fast cash loan application approved despite having poor credit scores.

A licensed moneylender does not scrutinize credit scores aggressively or make it the definitive factor in the approval of your loan application.

In fact, almost all of them will say on their official websites that you can still get a loan with them even with bad credit scores. However, having a high credit score can give you more loan deals, such as better or relatively low interest rates and a bigger loan amount.

Because it is difficult to predict how much you will need to loan in case the situation requires it, it is much better to be eligible for larger loans, and better interest rates as well for convenience down the road during the payment period.

In summary, you can still get loans with a poor credit score, but you still need to make an effort to improve your scores, so that you will be eligible for better loan deals in the future for your situation and needs.

Where to Find the Best Fast Cash Loan in Singapore? 

You can only get the best fast cash loan in Singapore through licensed moneylenders, where you will be prioritized as a client due to their “client-first” approach to business transactions.

In general, you can look forward to having hassle-free experience and fast cash loan approval with a licensed moneylender, with their law-mandated proper interest rate and well-defined loan contracts.

If you’re looking to apply for a fast cash loan in Singapore, you should check out 365 Credit Solutions Pte Ltd, formerly known as FLS Credit and Fu Lu Shou Credit, one of Singapore’s most well-established licensed moneylending agencies since 2010.

Having a customer-centric approach, 365 Credit Solutions Pte Ltd offers an excellent service and different kinds of quick cash loans as well, offering an easy application for unsecured loans without the need to place assets as collateral.

Offered loans include personal loan, payday loan, business loan, foreigner loan, and bridging loan, which will cater to every type of situation and need.

365 Credit Solutions Pte Ltd also has excellent ratings on Google Reviews and Loan Advisor Reviews, as well as other loan comparison sites, which shows how good the service that they extend to their clients.

The application process in 365 Credit Solutions Pte Ltd is easy and convenient, giving quick approvals assisted by knowledgeable loan officers and excellent customer service.

These features are hallmarks of an excellent licensed money lender in Singapore. If you want to inquire with 365 Credit Solutions Pte Ltd, their office is open from 10:30am to 8:30pm on weekdays and 10:30am to 5:00pm on weekends.

There are several benefits and importance when it comes to applying for a fast cash loan with a licensed moneylender like 365 Credit Solutions Pte Ltd.

First, they offer a more convenient application process. A licensed money lender offers a short application and approval process, and the clients can have their approved cash loan within the day of approval itself.

Second, licensed moneylending agencies offer very low interest rates because of existing financial laws, which makes repayment much easier.

Lastly, they offer well-defined loan contracts with no hidden charges and vague terms and conditions. These will guarantee that you are entering a safe and legal agreement with the money lending agency, and that your welfare is prioritized.

These benefits and importance are guaranteed and mandated by the law of Singapore and it is a general picture of how money lending in Singapore looks like.

It is not worth your time and effort to engage in transactions with unlicensed and illegal money lenders because they will offer the opposite experience compared with licensed ones, which will involve exorbitant interest rate, vague contracts, and rude or abusive interactions during the payment period.


If you’re looking to apply for a personal loan, but you’re also worried because of your bad credit score, you don’t really need to worry that much because your loan application may still be approved.

Licensed moneylending agencies will consider credit scores as a part of the loan application process, but it will not have a final say in the loan application approval.

Almost all of them will look primarily at your current capability to pay and will assess your application using that criteria. However, bad credit scores will only get you a low loan amount, which will be considerably lower compared with clients who have good or better credit scores.

Also, having a good credit score will help you in getting better loan deals, such as better interest rates, which can make your payments more convenient.

Thus, it is important to make an effort in improving your credit scores so that you will have access to better loan deals and loanable amounts, which will help cater to your situation and needs.

The different factors that will affect your credit score will include the following:

  • The amount of debt you currently have (the higher your existing debt, the lower your credit score)
  • The number of new credit applications you made in a span of time (higher number of new credit applications within a short span of time, the lower the credit score)
  • The number of times that you were not able to pay your debts on time (the higher the number of “delinquency” events, the lower the credit score)
  • The length of your credit history (the longer and more positive the credit history, the higher the credit score)
  • The number of existing credit facilities (the higher the number of credit facilities, the lower the score)
  • And the number of inquiries in your credit score (the higher the number of inquiries within a short span of time, the lower the credit score).

By knowing these factors, you will have an idea of how to improve your credit score. Start improving your credit score by loaning small amounts one at a time and paying them on time.

If you are planning to apply for a personal loan, you also need to take note of the eligibility criteria and the required documents in Singapore, so that you can prepare them along with your loan application.

Also, steer away from unlicensed and illegal money lenders and transact only with a reputable licensed moneylender in Singapore like 365 Credit Solutions Pte Ltd.

This guarantees a hassle-free experience through a fast loan approval process and loan disbursement, excellent and courteous customer service, clear-cut terms and conditions in the loan agreement, and lower interest rate standardized by personal loans Singapore rules.

This fast cash loan Singapore experience given by licensed moneylenders is designed to protect you as a client and make your life easier.

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