Foreigner Loan

The costs of moving to a new country alone, without financial support and help can overwhelm anyone who isn't prepared. Fortunately, getting a foreigner loan in Singapore is quick and easy.

  • We don’t judge your credit scores
  • Affordable, custom-made foreigner loans 
  • Approval within 30 mins

Making The Best Choices In A Financial Crisis

Living and working in one of Asia’s most expensive cities can be an expensive ordeal. Renting a place to live, ensuring that you have enough to survive to the next paycheck, and even sending the wages you’ve earned back home to your family.  In an emergency, there is little to no one for you to turn to. What you need is a personal loan for foreigners in Singapore, a financial support system designed for foreigners in Singapore that would allow you to fulfil your financial obligations, and keep your head above waters. 

Applying for a foreigner loan through a licensed moneylender in the past has been difficult, this is due to lack of credit score. Since a foreigner is new to Singapore, building a credit score won’t be easy. However, recent amendments in the law have made it possible for foreigners to borrow quick cash from moneylenders, Bugis Credit, for instance, doesn’t scrutinize the credit score of foreigners because we understand the urgency of getting a loan. 

We are committed to providing the fastest foreigner loans approval to any foreigner residing in Singapore, we know how hard it is to reside in one of the most expensive cities in the world, that’s why we are here to make your life easier, not harder.

We are a certified licensed moneylender that operates under the rules regulated by the Ministry of Law. Bugis Credit’s mission is to help foreigners and expats to get the most suited foreigner loan for them, that’s why we offer custom loan plans that will suit each client’s needs.

With a minimum salary of SGD2,000, you can apply for a foreigner loan and you can borrow up to six times’ worth of your income with low interest rate guarantee.

Steps to apply for a Foreigner Loan in Singapore

call and apply online

#1. Call or Apply online

Call us at 6345-9123 or simply apply online here to set an appointment at your convenience.

visit bugis credit office

#2. Visit Our office

Come in for an appointment to create a customized plan that fits your needs and repayment ability.​

finalize loan plan

#3. Finalize Loan plan

Agree on terms, including the payments and permitted fees.

receive cash instantly

#4. Receive cash Instantly

Once the contract is signed, you will receive your cash loan.

What customers are saying

  • EXCELLENT
  • 5 stars
  • 144 reviews on
  • loan advisor logo

What customers are saying

EXCELLENT 5 Star 5 star   
144 reviews on
loan advisor logo

Bugis Credit: Reliable Licensed Money Lender Urgent Personal Loan Singapore Bras Basah IconBugis Credit: Reliable Licensed Money Lender Urgent Personal Loan Singapore Bras Basah

470 North Bridge Road, #02-12 Bugis Cube

5.0 146 reviews

  • Avatar Shahrulfaiz Juwari (Boy Faez) ★★★★★ a month 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!!
  • Avatar Radhiqa Rahim ★★★★★ 2 months 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.
  • Avatar Gareth ★★★★★ 3 months 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.
  • Avatar John Kevin ★★★★★ 7 months 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!
  • Avatar Wesley Chuah ★★★★★ 10 months 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!
  • Avatar Mona Li ★★★★★ 4 months ago
    Jacob was the one who serve me, he's reliable, knowledgeable and friendly.
  • Avatar Qiqi C ★★★★★ 9 months ago
    Good and fast services. All the details explained clearly. Will recommend to those who need urgent money. … More

  • Initially, my husband and myself are skeptical abt borrowing money from license money lender but after 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.👍🏻👍🏻👍🏻👍🏻👍🏻

    Rizah Abdul Majid Avatar
    Rizah Abdul Majid

    This my first time taking a loan from Bugis Credit, they are very professional and will explain in details before giving a loan, flexible repayments plans which is good.

    Si Yanheng Edwin Avatar
    Si Yanheng Edwin

    First time here, pleasant transaction with the staff Jacob, very professional thank you!

    swath 68 Avatar
    swath 68
  • I'm quite a regular here. Bugis Credit has never let me down by the staffs professionalism in their service. Most important its fast and hassle free! Recommended!!

    Shahrulfaiz Juwari (Boy Faez) Avatar
    Shahrulfaiz Juwari (Boy Faez)

    I have taken loans here to help me pay for my studies. They take time to explain to you the process and ensure you understand fully. In my recent visit I was served by Jacob and he was professional and friendly.

    Radhiqa Rahim Avatar
    Radhiqa Rahim

    Went in to apply for a loan and was very happy with the service I received. Very welcoming and clear communication throughout the process. Highly recommended.

    Gareth Avatar
    Gareth

Eligibility

18 years old +

At Least 18+ Years OLD

foreigner cash

Minimum Salary of
SGD2,000 for Foreigner

Loan Eligibility & Requirements

Foreigners

Minimum Salary SGD2,000

  • Passport
  • Work Permit / S Pass / E Pass
  • Proof of residence (utility bill or tenancy agreement)
  • Proof of employment (certificate of employment or recent 3 months payslip)
  • Proof of income (bank or account statement)
  • SingPass (password to log into IRAS website)
4 family member seating on sofa with high 5 happily

Ready To Get Your Loan?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions

All foreigners who hold a valid Singapore Work Pass are eligible to apply for foreigner loans from banks or Bugis Credit. You must be above 21 years old and have a local business employ you as a full-time employee.

You must also submit a residential tenancy agreement, bank statement and 3 months recent payslip in order for us to have proof of the length of time you are staying in the country are in line with the rules and regulations.

Unlike bank processes in Singapore, licensed moneylenders have minimal requirements for documents with low effective interest and one-time processing fee. As long as you can qualify for the required documents, you can take out a foreigner loan or any loans you are planning to apply for.

With the advent of the internet, we offer an easy application service by filling out the application form on our site. Your application will be then evaluated by our best team of financial advisors and respective loan officers. After careful evaluation, we will immediately give you a call to arrange a meeting down at our office.

Upon the meeting, we will explain all the needed information regarding the loan contract and will ask you for the necessary requirements and documents. Upon approval, you will be asked to sign the necessary documents and loan agreement, and cash will be handed to you on the spot.

Rest assured that we value the safety and privacy of our clients, we have a professional team of loan officers to assist you right from the start of your loan application.

For a secured loan in Singapore, a foreigner can obtain a loan of any amount. For an unsecured loan in Singapore, if the foreigner’s annual income is less than $10,000, the maximum loan amount that Bugis Credit can offer is $500.

If the foreigner’s annual income is above $10,000 but less than $20,000, the maximum loan amount that Bugis Credit can offer is $3,000.

Lastly, if your annual income is above $20,000, the maximum loan amount that Bugis Credit can offer is 6 times of your monthly income.

Bugis Credit can charge only a maximum of 4% interest rate per month. This cap applies regardless of your income and whether the loan is an unsecured or secured one. These interest rates are applied in accordance as per Singapore Ministry of Law. Each loan, for instance is a foreigner loan, has an individual interest rate that you can check with the licensed money lender.

If foreigners fail to repay any foreigner loans on time, the maximum rate of late interest that Bugis Credit can charge is 4% per month for each month the foreigner loan is repaid late.

Bugis Credit offers its full roster of personal loan, business loan, payday loan, and any other types of financing loans that can fulfil all the financial needs of foreigners that are living in Singapore. These loans are guaranteed to have a fixed and low interest rate as per interest rates mandated by the law. 

So, if you are a foreigner looking for a foreigner loan, personal loan or other types of loans, Bugis Credit can help tide your financial needs and provide you quick cash for a short period of time.

With so many moneylenders offering these loan services, it is always important to be cautious when looking for a loan. It is a must to check all the certificates and license information of the moneylender before taking out a loan with them. This is to avoid getting trapped by loan sharks, licensed moneylenders operate under strict compliance under the Ministry of Law.

For foreigners who are planning to apply for foreigner loans, it is your due obligation to ensure that the moneylender you are taking out a foreigner loan is a licensed moneylender. Licensed moneylenders are tasked to operate by following the rules mandated under the Singapore Ministry of Law.

You can verify moneylender credentials by checking this list by the Ministry of Law.  Licensed moneylenders are given permission to operate under strict guidelines, so it is always the best idea to verify the credibility of the moneylender that you are sending your loan application.

Foreigners planning to apply for a foreigner loan in Singapore can only borrow up to six times their monthly salary. Therefore, if you are committing yourself to any foreigner loan or personal loan in Singapore, make sure you can handle any late interest rate and late fee once you fail to pay your repayments.

If you are in tight financial needs, licensed moneylenders such as Bugis Credit can help you get loans in a short period of time with minimal hassle on documents unlike how the bank works. Bank has stricter documents requirements as compared to licensed money lenders.

If you have any question regarding foreigner loan, personal loan and any loans that you are planning to apply. We offer a free consultation service to assist with your loan application.

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