Make Every Day Your Pay Day With a Payday Loan
If you are worried about getting through the month without financial help due to certain unforeseen emergencies, 365 Credit Solutions’ payday loan will get you covered. What makes you feel safer than knowing you have a reliable source of financing to help you in troubled times? Consistent, quick, convenient and most importantly, you get your cash THERE and THEN.
Payday loans are an effective safety net because one can predict misfortune coming their way. Your inability to clear up important costs such as educational fees, fixed bills and payments leads to more burdens and worries that could easily be solved with a simple cash advance from taking out one of our payday loans.
All of your commitments and sudden financial needs can easily be taken care of with just one of our loans payday. You can also avoid late repayments, maintain your credit score, and prevent the cost of penalties.
Want to Get a Payday Loan With Us?
Follow These Simple Steps Below!
Call or Apply Online
Visit Our Offices
Visit our office and create a customized loan plan specially for yourself
Sign the Loan Agreement
Understand the terms & conditions and then sign the loan agreement
Receive Your Cash
Receive your cash loan within an hour!
At Least 18 Years Old
Minimum Salary of SGD1,500 for Singaporean Locals & PRs
Minimum Salary of SGD2,000 for Foreigners Working in Singapore
Fortunately, 365 Credit is opened on Sundays because I really needed cash urgently that day. Their service is excellent and Dan helped me a lot. He is friendly and efficient. Recommended!
Thanks for granting me the loan 365 Credit! My friends spontaneously decided to go on a short trip and I was short of cash. Luckily I could get a loan of $800 and joined my friends for an amazing trip to Bangkok! It was a fuss free experience
-Toh Cai Lin
Ready to Apply?
Fill out this form and we will get back to you within 3 working hours
Frequently Asked Questions
A payday loan in Singapore is a short-term loan to ease your financial strain immediately until the next pay day arrives and your next paycheck is cashed in. The idea is that you get an amount of money you apply to help you pay off your commitments due. After, you are expected to repay off the payday loan on your next pay day – hence, the name payday loan.
Sometimes, people might get it confused with a short term or personal loan. However, payday loans are quite different.
The main distinction between a personal loan and payday loan in Singapore is typically the payback period. Generally speaking, you repay a payday loan approximately a month after you receive your salary – in lump-sum payments. For personal loans, you can repay it over a longer period of time.
Generally, the best loan payday is an unsecured one, without any collateral involved. An unsecured payday loan works best with licensed moneylender as the sums involved are smaller and are quicker to approve. One of our best selling points as a licensed moneylender is the fact that we do not judge anyone with poor credit.
This means that anyone with bad credit can take out a quick payday with us and receive the money they need within the hour without going through a lengthy loan application process. However, make sure you only use payday loans in case of emergencies. We do not want to see our borrowers fall into a deep cycle of debt.
Yes, it is. Money lending in Singapore is highly regulated by the Ministry of Law and all products offered by any payday lenders must be approved before they can be given to the public.
As such, payday loans are fully licensed under the Ministry of Law and are available to all Singapore citizens and foreign workers working in Singapore by all licensed moneylenders. As a licensed moneylender, our activities are fully compliant with any and all laws set forth by the government.
However, do not borrow from Ah Longs or loan sharks as these groups are not licensed moneylenders and will charge exorbitant interest rates that will quickly trap you in an endless cycle of debt. 365 Credit Solutions strongly advises you to seek only a licensed moneylender or banks if you are in need of a loan.
A licensed moneylender in Singapore can only charge a maximum interest rate of 4% per month. This maximum applies regardless if the loan is secured or unsecured.
In addition, a licensed moneylender can also only charge a maximum late interest rate of 4% per month for each month the loan is repaid late. The interest can only be charged based on the principal remaining after deducting the original payments made.
For example; Mrs. X has taken out a loan of $20,000 and has repaid $4,000. Only the remaining $16,000 can be taken into account for the computation of interest.
Also, the late interest can only be charged on an amount that is repaid late. The licensed moneylender cannot charge on amounts that are outstanding but not yet due to be repaid. For example, Mr. Y takes a loan of $20,000 and fails to pay for the first installment of $2,000.
The money lender can only charge the late interest on $2,000 but not on the remaining $18,000 as it is not due yet.
Second, only the following fees can be charged:
- 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 licensed moneylender for the recovery of the loan
The total charges imposed by a moneylender on the loan’s interest, late interest, upfront administrative and late fee cannot exceed an amount equivalent to the principal of the loan.
There are a number of factors that determine how much you can borrow from us. For secured loans, a borrower can borrow any amount of money from us.
An unsecured loan taken out would be subject to a few restrictions. Singapore citizens or PRs with an annual salary of less than $20,000 can only loan up to $3,000 with us. If your annual salary is $20,000 and above, you would be able to loan up to six times monthly income.
Foreigners or expats working in Singapore would only be able to loan up to $500 with us if you are earning less than $10,00 a year. If your annual income is above $10,000 but less than $20,000, you would be able to loan up to $3,000 with us. If your annual income is $20,000 and above, you would be able to loan up to six times of your monthly income.
Very quickly indeed! We pride ourselves on giving you excellent service with quick and high approval rates. Once you’ve submitted all the necessary documents along with your loan application, it would only take us half an hour to approve your application.
You could even receive your money within the hour in some cases!
Yes. This is because banks can offer larger loan amounts but their loans aren’t payday loans. If for some reason you think that you need more financial help than what a single month’s pay can do, you can apply for a personal loan with us instead.
There are several reasons why you should think of getting a payday loan with us, and all of it good.
We Are Rated Very Well on Google Reviews and Loan Advisor
We are regularly given 5 stars on online reviews, most prominently on Google reviews and Loan Advisor making us one of the most trustworthy lenders out there. All of our reviews are from happy customers that have repeatedly returned to us over the decade we have been in business. Trust is our number one priority and we take it seriously.
Our Clients Come First; You Are Our Top Priority
As we’ve said, you are our priority. We’ve made a name for ourselves in the industry serving and helping individuals and companies out financially. We will always ensure that you are given the best advice and help, every step of the way.
Safe and Secured Business Transaction
Your information is secure with us. We do not share it out with any third parties. All transactions done are treated with the utmost respect.
Convenient and Quick Cash for Your Bridging Loan
As part of our mission to keep you as our top priority, the speed of processing and application is a must. Once you have applied with us, it only takes us half an hour to approve your application, and less than an hour to disburse the money to you. Simple, convenient, easy.