CPF Personal Loan
Worried About Your Finances?
- CPF Personal Loans help you get the cash you need without putting your assets at risk
- Get up to 6 times your monthly income
- Low-interest rates from 1% to 4% only

Apply For a Fast Cash Loan Online Today!
Get your approval in 30 mins by applying here
What Is A CPF Personal Loan?
CPF Personal Loan is a great way to get the cash you need without putting your assets as collateral. It is a new initiative with a similar concept to unsecured loans. With this type of loan, you will be borrowing against your CPF savings.
Perfect for unexpected expenses or emergencies, you can borrow up to 6 times your monthly income at low interest rates between 1% and 4% per month. To avail of a CPF personal loan, you can use your CPF savings to apply. It is available to individuals who are turning 55 years old.
At Bugis Credit, we will help you get the best deal possible on your CPF personal loan. We offer tailor-made personal loans only for you. Best of all, we offer hassle-free applications, quick approval, and fast funding – so you can get your money as soon as possible.
Rest assured that our loan officers will walk you through each step so you can borrow confidently!
Get Loan in 4 Easy Steps

#1. Call or Apply Online
Call us at 6345-9123 or simply apply online https://www.bugiscredit.sg/ to set an appointment at your convenience.

#2. Visit Our Office
Come in for an appointment to create a customized plan that fits your needs and repayment ability.

#3. Finalize Loan Plan
Agree on terms, including the payments and permitted fees.

#4. Receive Cash Instantly
Once the contract is signed, you will receive your cash loan.
What customers are saying
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Bugis Credit: Reliable Licensed Money Lender Urgent Personal Loan Singapore | Foreigner Loan | Low Interest Monthly Repayment
470 North Bridge Road, #02-12 Bugis Cube
5.0 219 reviews
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RS O ★★★★★ a month ago
Reliable, efficient and comfortable. Great service and hosting of customers. The experience from entering … More the office to settling the administrative loan was welcoming and smooth.
Albee, thanks for making my visit effortless n ease. You have exhibited great devotion of professionalism and customer care.
Keep up the great work Bugiscredit. -
David ★★★★★ a month ago
Staff were super friendly and really helpful every time especially during this pandemic situation. It's … More been over a year now and I am still experiencing great customer service. A very professional team of individuals. I am happy to have chosen Bugis Credit! -
aviator 2016 ★★★★★ a month ago
Very helpful and trusted money lender.
Staff also very accommodating and helpful.
They will give you … More better options.
Can recommend to everyone -
Jerico Lan ★★★★★ a month ago
Fast service and super friendly staff.
I am a long time customer and I am always satisfied with their … More service.
They know how to take care of customer needs and always willing to assist. -
Timir Mahesh Kumar ★★★★★ 2 weeks ago
Albee was of great help. The service was great right from the beginning. Very helpful in explaining the … More entire process. Thank you. -
Ann ★★★★★ 2 years ago
Service was very efficient and fuss free. Customer service person was meticulous and patient in going … More through all the paperworks' terms and condition. The whole process was very effortless. Appreciate their help! Thank you. -
Ganesan T ★★★★★ 2 years ago
A very good experience in Bugis Credit with the company loan officer Jacob. The whole loan process is … More hassle free and professional. Good quality service. Thank you Jacob. -
maria umali ★★★★★ 3 years ago
Albee did such a great job guiding and explaining to me all the things i need to know. As a first timer, … More she gave me a sense of security! Fast transaction too. Thank you! -
Ismalela Ithnin ★★★★★ 2 years ago
Thank you to Ms Albee for helping us with the loan process, fuss free and professional. Explained all … More the details. -
muhammad ★★★★★ 3 years ago
It was a pleasent 1st time experience with Bugis Credit. The staff Albee was friendly and experience … More and also take the time to explained in details with me regarding the loan im taking. Will definitely recommend others to BUGIS CREDIT! -
Rizah Abdul Majid ★★★★★ 3 years ago
Initially, my husband and myself are skeptical abt borrowing money from license money lender but after … More reading reviews from several trusted websites, we decided give it a try as we running out of resources for our renovation loan applications. We has been rejected by many banks due to undisclose reason. We suspected that with the tight bank rules and husband's age of 50+, the banks are unable to lend us the amt requested, as we will have a shorter tenure to service the loan.
So we decided to leave a message via whatsapp and Ms Albee from Bugis Credit returned our call in a few hours. She listened patiently to our predicament and set us an appointment to meet up the next day. Upon meet up, she greeted us with a smile and politeness and served us with packet drinks. She gave us advice on Dos and Don'ts in money borrowing matters. The loan processing was a smooth flow. Albee has made us feel welcome and at ease. We are happy with her service and would recommend Bugis Credit and Ms Albee, if you would want to take up loans with license money lender. Kudos to Bugis Credit team.👍🏻👍🏻👍🏻👍🏻👍🏻 -
Si Yanheng Edwin ★★★★★ 3 years ago
This my first time taking a loan from Bugis Credit, they are very professional and will explain in details … More before giving a loan, flexible repayments plans which is good. -
Shahrulfaiz Juwari (Boy Faez) ★★★★★ 3 years ago
I'm quite a regular here. Bugis Credit has never let me down by the staffs professionalism in their … More service. Most important its fast and hassle free! Recommended!! -
Radhiqa Rahim ★★★★★ 3 years ago
I have taken loans here to help me pay for my studies. They take time to explain to you the process and … More ensure you understand fully. In my recent visit I was served by Jacob and he was professional and friendly. -
Gareth ★★★★★ 3 years ago
Went in to apply for a loan and was very happy with the service I received. Very welcoming and clear … More communication throughout the process. Highly recommended. -
John Kevin ★★★★★ 3 years ago
Their service is great. The loan officer explained every single detail to me until I understood all the … More personal loan terms and conditions. The admin fee and interest rate was reasonable as well. Good Licensed Moneylender! -
Wesley Chuah ★★★★★ 3 years ago
A very pleasant experience in Bugis Credit with the company loan officer Jacob. The whole borrowing process … More is hassle free and professional. They do give a great customer service and reliable image. A big shout out to Jacob for his customer service provided. Obviously, they are the best, safe and reliable licensed money lender in Singapore from you to seek a loan! -
Mona Li ★★★★★ 3 years ago
Jacob was the one who serve me, he's reliable, knowledgeable and friendly. -
Qiqi C ★★★★★ 3 years ago
Good and fast services. All the details explained clearly. Will recommend to those who need urgent money. … More
Eligibility

At Least 54 Years Old Individuals who are about to reach 55 years old can apply for CPF personal loan.

Minimum Salary Singapore Citizen or Permanent Resident is S$2,000

Eligible to Withdraw At Least S$5,000 from Special or Ordinary Account Savings
Requirements

Local and Permanent Residents
- Identity card / NRIC
- Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
- Proof of employment (certificate of employment or recent 3 months payslip)
- SingPass (to log into CPF, HDB, IRAS website)
Ready To Get Your Loan?
Request for a quotation from our friendly officers by filling out the form below
Frequently Asked Questions
How Does CPF Personal Loan Work?
A CPF personal loan is similar to unsecured loans wherein you can borrow money without putting your assets at risk. It provides instant cash for both planned and unforeseen expenditures, such as credit card bills payment, home repairs, and more. With your CPF savings, you can quickly and conveniently apply for this personal loan.
You may borrow up to 6 times your monthly salary. Plus, the interest is capped at 4% per month, regardless of your income. To qualify, you need to be at least 54 years old or turning 55 years old.
You may settle the debt as soon as you can withdraw one lump sum from your Ordinary or Special CPF account.
What Do I Need To Know Before Applying for a CPF Personal Loan?
Whether it’s a planned or an emergency expenditure, a CPF personal loan is a great way for individuals to get the cash they need without collateral. But just like any type of loan, it’s best to exhaust all alternatives before approaching a money lender.
If a typical bank loan or government financial assistance schemes are not accessible, then a licensed money lender in Singapore is a viable option. Just make sure to verify their credibility and license. Borrowers must check the complete list of licensed money lenders on the Ministry of Law’s website.
Licensed lenders are fully compliant with the Moneylenders Act, like Bugis Credit.
Next, you must consider the following:
- Check and compare the interest rate. Which CPF personal loan packages offer the lowest interest rate that you can benefit from?
- Understand the loan tenure, terms, and conditions of the loan.
- Can you afford the monthly payments?
- Ensure that you can keep up with the repayment schedule to avoid late fees and other additional charges.
What Are the Differences Between Personal Loan and CPF Personal Loan?
Traditional personal loans and CPF personal loans are similar in that both loans allow borrowers to get fast cash which can be used for various expenses. However, CPF loans and personal loans differ in requirements, eligibility, and the maximum loan amount you can borrow.
To be eligible for a CPF personal loan, you need to be able to withdraw at least S$5,000 from your CPF savings. Take a look at the list below for a more in-depth look:
Personal Loan
- Must be at least 21 years old
- Borrow up to 6x monthly income
- 1% to 4% interest rate per month
- 6 to 12 months loan tenure
CPF Personal Loan
- Must be at least 54 years old or turning 55 years old
- Borrow up to 6x monthly income
- 1% to 4% interest rate per month
- 6 to 12 months loan tenure or until your 55th birthday
- Must be eligible to withdraw at least S$5,000 from Special or Ordinary Account Savings
What Are the Interest Rates for CPF Personal Loans?
Effective 1 October 2005, the maximum interest rate that licensed money lenders, like Bugis Credit, can charge is 4% per month, regardless of your income.
How Long Does It Take To Get My Personal Loan Approved?
Borrowing an instant loan from Bugis Credit is the perfect solution for your financial emergencies. Unlike banks and other financial institutions, we can process your personal loan approval as quickly as 30 minutes. After the loan officer explains the terms and conditions of the loan and after signing the loan contract, you can get your cash within the same day.
What Are the Advantages and Disadvantages of Taking a CPF Personal Loan?
Applying for a CPF personal loan can help you get the cash you need immediately at low interest rates. You can use your CPF savings to work for you when you need it most. Best of all, it requires minimal paperwork for hassle-free application.
But just like any other cash loan, if you fail to repay your CPF loan according to the repayment schedule, you will incur late interest and late fees. These additional charges will cause your outstanding balance to snowball into a massive amount that you may not be able to pay back.
Bugis Credit is a licensed moneylender in Singapore that will help you get the most suitable CPF personal loan for you.
Does CPF Personal Loan Affect My Credit Score?
When applying for a CPF personal loan, there’s no credit score required. However, your loan application will still be subject to evaluation to prevent you from borrowing more than what you can repay.
If you fail to repay your CPF loan, it can greatly affect your credit score and rating since licensed lenders report it to the government.
What Is the Maximum Amount I Can Borrow With CPF Personal Loan?
With Bugis Credit, you can borrow up to 6 times your monthly salary. However, the maximum amount you can borrow will depend on the savings you have in your CPF account.
Can I Apply For CPF Personal Loan If I Am Over 70 Years Old?
Unfortunately, individuals over 70 years old are no longer eligible for a CPF personal loan. This loan is only available for individuals who are turning 55 years old and are eligible to withdraw S$5,000 from Special or Ordinary Account Savings.
What Is the Repayment Period for CPF Personal Loan?
The repayment period of a CPF Personal Loan is between 6 to 12 months or until your 55th birthday.