22 November 2023

Are you short of funds and planning to borrow from the best licensed moneylender in Singapore? But before that, you must first understand the things to consider before borrowing from the best licensed money lenders in Singapore or credit companies.

Paying off bills and expenses without any assistance can be really challenging, especially when you’re living in one of the most expensive cities in the world — Singapore. Things like medical bills and wedding costs, for instance, can easily cost thousands of dollars in Singapore. 

When there’s not enough money to pay off these expenses, most people may choose to take out loans from the bank. But banks tend to have a longer and more stringent approval process, which might not be helpful if you need cash urgently. 

This is why when it comes to loans, licensed moneylenders are a viable alternative to banks since they generally have faster approval. But borrowing from them or with 24-hour licensed money lenders in Singapore may not be something that sits well with everyone. 

“Is borrowing from a licensed moneylender really safe?” is one of the concerns that people have when it comes to borrowing from them. 

Well, contrary to popular belief, all licensed moneylenders are governed by the Ministry of Law (MinLaw). They’re very much different from illegal moneylenders, so it’s really safe to borrow from them. 

Before you start borrowing from the Singapore’s best moneylender, here are some things to consider. 

What Do You Need To Do Before Borrowing From A Licensed Moneylender In Singapore?

 Infographic on things to do before borrowing from a licensed moneylender
Be sure to check if the moneylender you’re dealing with is a licensed one

Decide On The Type Of Loan That You Need from a Licensed Moneylender

Before applying for a personal loan, from the best moneylender in Singapore, be sure to evaluate your finances to decide on the type of loan to take out. Ask yourself this question: Are you dealing with a small emergency or a major one? 

In the case of minor crises that require only a small sum of money, personal loans are an ideal choice. In addition, they are suitable for paying off home renovation, credit card debts, or consolidating your debts

Research On The Loan You’re Planning To Take From A Licensed Moneylender

Once you’ve decided on the type of loan to take, do some research on its repayment terms. 

Get Your Credit Report

You may also consider buying a credit report from either the Credit Bureau Singapore (CBS) or the Moneylenders Credit Bureau (MLCB) to get an idea of your credit rating. 

Though many licensed moneylenders in Singapore do not check a borrower’s credit report, especially in the case of personal loans, some moneylenders do not approve loans to borrowers with a bad credit rating. 

If you have a bad credit rating, it’s better to clean it up a bit before making a loan application.

Got a bad credit score? Find out how you can still get a personal loan here.

Read: How to Improve Credit Score in Singapore

Check Your Eligibility

Be sure to also check if you’re eligible for the type of loan you’re taking. Keep in mind that in Singapore, the maximum loan amount you’re eligible for depends on your annual income. 

Here’s a table illustrating the maximum loan amount you can borrow from licensed moneylenders in Singapore based on your income and citizenship. 

Annual income Singapore Citizens and Permanent Residents Foreigners residing in Singapore
Less than S$10,000 S$3,000 S$500
At least S$10,000 and less than S$20,000 S$3,000 S$3,000
At least S$20,000 6 times of monthly income 6 times of monthly income

Prepare All The Documents That You’ll Need Before Going To A Licensed Moneylender Office

How to Speed Up Your Personal Loan Application

Once you’re clear on the finer details, start collecting all the documents you’ll need to apply for the loan. These include:

  • Proof of income and employment
  • NRIC
  • Current credit score and past CPF statements
  • Residency proof
  • Tenancy agreement, employment letter, employment pass, and bank statements (for foreigners)

When it comes to approving unsecured loans such as personal loans, licensed moneylenders usually approve them based on annual income and not your credit history. This is why they usually ask for payslips to evaluate your financial ability to pay back the loan. 

Is There A Cap On The Costs Involved When Borrowing From A Licensed Moneylender?

A woman with a calculator and laptop searching for the best personal loan in Singapore

All licensed moneylenders in Singapore are required to adhere to the rules set by MinLaw. There’s a limit on interest, late fees, and other costs that they can charge borrowers. 

As of 1st October 2015, licensed money lenders can only impose the following: 

  • The interest rate of not more than 4% per month
  • The late interest of not more than 4% per month
  • A late fee of not more than S$60 per month
  • An administrative fee that must not exceed 10% of the principal loan granted
  • Legal costs ordered by the court for the licensed money lender to recover the loan amount

In general, the total cost charged by a legal lender, including interest, late interest, administrative fees, late fees, and other related charges, must not exceed the principal loan amount. 

How To Check If I’m Dealing With A Licensed Moneylender Or A Loan Scam?

Man reading text message on phone from a loan shark in Singapore

One important thing to learn before borrowing from a moneylender is differentiating between licensed moneylenders from the unauthorised ones

And, here’s how to check a licensed moneylender. 

Check If The Licensed Moneylender Is On Minlaw’s Registry

The easiest way to check if a moneylender is licensed or not is to refer to the list of licensed moneylenders in Singapore.  Each month the Registry of Moneylenders provides an updated licensed money lender. So, you can avoid blacklisted moneylenders in Singapore when taking a personal loan.

Besides checking if their license is still valid, you should take some time to read through the licensed moneylender reviews.  

Take Note Of The Licensed Moneylender’s Advertisements

If a moneylender is offering you loans through phone calls or text messages, you’re probably dealing with an unlicensed money lender in Singapore (often called “Ah Long” in Singapore) or a licensed money lender violating the rules.  

According to MinLaw’s website, licensed moneylenders can only advertise through the following channels: 

  • Business or consumer directories 
  • Websites belonging to the licensed moneylender
  • Advertisements placed within licensed moneylender’s the interior and exterior side (such as the wall, door, shutter, gate, and window) of their place of business

In terms of the licensed money lender advertisements, you are advised to seek clarification from them and not to solely rely upon the advertisements.  You need to understand fully the terms of the loan contract before borrowing from a licensed moneylender in Singapore.

Check The Licensed Moneylender In Singapore Interest Rates And Fees Offered

As mentioned above, a licensed moneylender follows the standard interest rates and fees imposed by the Registry of Moneylenders.

It is a red flag if you have found the following:

  • Monthly Interest rates are higher than 4%
  • Late interest rate above 4% for each late repayment
  • The late fee is more than S$60
  • Administrative is above 10% of the personal loan granted
  • Not explaining the interest rates and fees

Above are the major signs that you are dealing with a loan shark. If this is the case, you need to cut off your communication with them. A licensed moneylender in Singapore provides the lowest interest rate than the illegal ones. 

Check If The Licensed Money Lender Has A Physical Address

As mentioned the Registry of Moneylender provides a monthly updated list. You will notice that it is a licensed moneylender if it has a physical business address. This is where you will go for the verification process.

Thus, if you are approved for a personal loan without going to a physical address of a moneylender, you are maybe dealing with a loan shark.

Also, if you are provided with a loan and will meet up in an unknown place – this is also a red flag. Make sure that you have checked the official list of licensed moneylenders.

Requires A Face-To-Face Verification With A Licensed Moneylender

Nowadays, it’s common that moneylenders provide an online application due to advances in technology. But, it is still a major requirement to go down to the office of a licensed moneylender for a face-to-face verification.

A face-to-face verification is required before a licensed moneylender proceeds to loan disbursement. If you are receiving just an email or a text message from a lender saying that your loan was approved, it’s time to go away from them.

You need to be careful from dealing with unsolicited calls saying that they can grant you a personal loan. Licensed moneylenders in Singapore are not allowed to send unsolicited emails, text messages, and calls.

Also, if you met a moneylender not providing you clear details about the loan contract or there’s no loan contract at all, it’s time to go away from them.

Always remember that it is a red flag when you are not required for a face-to-face verification within a physical office of a licensed moneylender. It is a major sign that you need to get away from them.

Ensure That You’re Issued With The Relevant Documents

Licensed moneylenders will always return your NRIC and other personal identification documents after evaluating them. They’ll also issue you with a loan contract. 

And before you sign the loan contract, they’ll also make it a point to explain to you each term mentioned in it. The loan contract should also include all the relevant details, including interest rate, repayment terms, and the repayment period. 

What Do You Need To Note When Dealing With A Licensed Moneylender?

When borrowing from a licensed money lender, be mindful of the following:

  • Using abusive language or behaving in a threatening manner
  • Asking you with your Singpasss ID/password
  • Retaining your NRIC card or any of your personal ID documents such as your passport, driver licence, work permit, employment pass, or ATM card
  • Ask for your signature in a blank or incomplete Note of Contract
  • Not giving you a copy of your Note of Contract for the loan after granting you the loan
  • Not properly explaining the terms and conditions of the loan
  • Granting the loan without following the standard process e.g. approving the loan over the phone or SMS
  • Withholding any part of the principal loan without any reason or explanation

Take in mind those practices are not acceptable. If you have encountered them, you must report the licensed moneylender to the registry of Moneylenders providing the moneylender’s business name, licence, and contact number.

You can lodge a complaint against the licensed money lender Singapore that is involved in unfair practices such as those mentioned above to the Registry of Moneylender. You can contact them at 1800-2255-529. The registry will investigate this matter.

Also, in line with unfair practices, you can pursue this matter through Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act.

Ready to borrow from a licensed moneylender in Singapore? Get started with Crawfort. 

What Should You Do Once Your Loan Has Been Approved?

Closeup of hands writing notes

Once your moneylender has approved your loan and has given the principal amount to you, make sure they’ve charged you the correct amount for the approval fee. As noted earlier, a legal moneylender in Singapore can only charge up to 10% of the principal amount for administrative fees. 

Documents To Keep

You should also have the following documents for your reference:

  • A copy of the loan contract
  • Receipts for every payment you’ve made towards your loan
  • A statement of account for all your loans
  • Copies of all accounts, receipts, and any other relevant document

Pay Your Repayments On Time

Ensure that you’re paying each instalment by the due date.  

Paying them late will not only lead to your instalments accumulating but also incurring late fees and late interest.  You need to pay a late interest of not more than 4%. Having your debt accumulate can also make it harder to pay it off. Thus, in the end, it can be a problem.

What Are Your Legal Options In Case You Find Yourself Unable To Pay Back The Loan?

When borrowers default on their payments and are unable to pay money lender in Singapore, licensed moneylenders usually hire debt collection agencies to collect debts.  

While there are no laws that regulate debt collection in Singapore, licensed moneylenders and debt collectors are encouraged to abide by the code of ethics laid down by the Credit Collection Association of Singapore

Debt collectors are not allowed to use violence, harassment, or intimidation as a means to collect debts. In the unfortunate event that you find yourself facing such a situation, be sure to report them to the police.

Learn more about what licensed money lenders can’t do when collecting debts here. 

Request For Extension

The best way to deal with the situation is to talk to your licensed moneylender and negotiate for an extension. You may also consider going to social services to seek help in credit counselling and debt management. 

Learn more about how credit counselling and debt management work. 

File For Bankruptcy

However, if your debt amounts to at least S$15,000 and you find yourself unable to pay it off even after you’ve restructured your loan repayments, you may consider filing for bankruptcy. 

When a borrower files for bankruptcy, the accumulation of interest is stopped. It also prevents moneylenders from carrying out any legal proceedings against the borrower. 

Find what happens if you file for bankruptcy here.

Have questions about getting a personal loan? Read our FAQs to find out more.

Some Organisations That You Can Approach For Help

If you find yourself in huge debt, filing for bankruptcy should only be your last resort. You should consider approaching any of these organisations for help.

Credit Counselling Singapore(CCS)

Credit Counselling SingaporeCredit Counselling Singapore is a non-profit organisation that helps people with debt management through financial counselling and education. If you need help in arranging a debt repayment schedule to pay back your loan comfortably, this is the organisation to go to. 

Registry Of Moneylenders (MinLaw)

Ministry of LawThe Registry of Moneylenders is responsible for the regulation of moneylenders in Singapore. Before borrowing from a moneylender, be sure to verify if it’s a licensed one by checking on the Registry’s list. You should also refer to their FAQ to understand more about borrowing from licensed moneylenders. 

Credit Collection Association Of Singapore (CCAS)

Credit Collection Association Of Singapore (CCAS)Credit Collection Association of Singapore represents all the credit agencies and associations in Singapore. They ensure that all credit agencies uphold their code of conduct. In addition, they provide dispute resolution services for agencies and clients. Should you find yourself in a dispute with your lender, you may approach them to resolve the matter. 

National Council On Problem Gambling (NCPG)

National Council On Problem Gambling (NCPG)

If you take out a loan or find yourself unable to pay off your loan due to gambling addiction, you should get in touch with the NCPG. The organisation helps gamblers and their families manage problem gambling. 

Credit Association Of Singapore

Credit Association Of SingaporeCredit Association of Singapore is an association for all licensed money lenders in Singapore. You may contact them for more information on borrowing, as well as the various licensed money lenders in Singapore. 

ComCare (MSF)

ComCare (MSF)ComCare is a fund under the Ministry of Social and Family Development (MSF). It works to empower low-income individuals and groups, enabling them to become self-reliant. There are various kinds of assistance that you can get from them, including urgent financial aid. 

The Final Word

At the end of the day, there might be times when you find yourself strapped for cash. And one good way of dealing with it is to take a short-term loan and pay it back on time. 

While most people will turn to banks to get loans, there are some who turn to private money lenders in Singapore for faster approval. Unfortunately, it’s also uncommon that borrowers run into unauthorised money lenders, who charge very high-interest rates or even scam them. 

To safeguard yourself against these illegal money lenders, be sure to engage with only licensed money lenders. If you encounter any unauthorised money lenders, you should report them to the police.

In need of cash urgently? Apply now with Crawfort, an established licensed money lender in Singapore. 

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Personal Loan
Loan Scams In Singapore: How to Protect Yourself from Personal Loan Scams

As of 14 October, the police warned the public about the return of loan scams involving fake emails from banks and government agencies in Singapore.  Between 1 September and 4 October 2021, there were 17 victims losing a total of over $130,000. While the Police have suggested ways to help combat scams, it is important […]

Personal Loan
Financing Your Home Renovation: Personal Loans In Singapore, Renovation Loans, And More

Just collected the keys to your new house? Buying a house is most likely the largest purchase in your life. After getting the keys, you’ll want to renovate it to turn it into your dream home. In this article, we look at renovation costs, what affects it, as well as financing options like a renovation […]

Blogs and Opinions
Effective Interest Rate: A Simple Guide (EIR) For Borrowers

Whether you’ve taken a personal loan before or not, interest rate is a term you’re sure to have heard of. But did you know there are usually 2 types of interest rates when you take out a loan? There’s the advertised rate, and the effective interest rate (EIR). So why are there 2 interest rates […]

Personal Loan
Multiple Personal Loans: Can You Take Two Personal Loans At The Same Time?

Even after taking a personal loan, unexpected financial events can force you to take another one, especially during this Covid-19 pandemic. And, you may be asking if it is possible to take two personal loans? A personal loan is an unsecured amount of money. It is referred to as unsecured because it does not require collateral. The […]

Blogs and Opinions
Credit Counselling In Singapore: All You Need To Know

Not many Singaporeans know about credit counselling. Mention “credit counselling” to people, and you’re more likely to be met with blank stares. Explain that it’s about discussing debt management with a financial counsellor, and they might reel away in shock. The topic on debts is often so private that most people shy away from the […]

Personal Loan
How To Get The Best Personal Loan In Singapore To Help Make Your Dream Vacation A Reality

Are you planning your next dream vacation as more countries now allow tourists for the first time in two years since the start of the COVID-19 pandemic? Did you then realise that you may need extra cash as your travel funds are insufficient? If so, you’ve come to the right place! Read on. You will learn […]

Personal Loan
6 Tips To Avoid Being Rejected For A Personal Loan Application In Singapore

It’s never a nice feeling being rejected for anything, especially when it comes to a personal loan application. If you’ve ever been in this position before, you will know how discouraging this can be. So, why are personal loan applications in Singapore rejected? And what can you do to avoid it happening to you? Keep […]

Media
Singapore Fintech Startup Capital C Scores $54m in Fresh Funding

DealStreetAsia Capital C Corporation, a Singapore-based financial services provider, has announced raising S$74 million ($54 million) in a mix of pre-seed equity and debt funding rounds. The fundraising exercise was participated by Phillip Capital, Luminor Capital, Paradise Group, Citystate Group, family offices, and ultra-high-net-worth individuals, according to the announcement. With the fresh funding, the company, […]

Media
Singapore’s Capital C Corporation Bags SGD74 Million in Funding

Finextra Capital C Corporation, a Singapore-based financial services provider, bags SGD$74 Million in their recent fundraising exercise with PhillipCapital, Luminor Capital, Paradise Group, Citystate Group, various family offices and Ultra-High-Networth-Individuals. The fresh injection of funds will serve to fuel their lending capabilities and expand their digital financial platform offerings to provide a seamless experience and […]

Personal Loan
When Can Personal Loans In Singapore Be A Better Option Than Credit Cards?

Personal loans and credit cards are two popular credit options in Singapore. For instance, if you are short of cash to pay your monthly bills, getting a personal loan in Singapore or paying through your credit card can be a viable option. Both provide easy access to money when in need but getting a personal loan can […]

Company News
Capital C Corporation in DocuSign Momentum 2022

Celebrates the achievements of 10 businessmen and women who prove to have what it takes to break boundaries and emerge as winners of Singapore’s Entrepreneur of the Year Awards (EYA).

Personal Loan
Should You Take Out A Personal Loan in Singapore For The Holidays?

Have you been thinking of taking a break for this coming holiday season? Are you also considering rewarding yourself or your family with a memorable holiday gift? As the country eases the travel restrictions especially to fully vaccinated Singaporean residents, traveling to your dream destinations is now possible. Regardless of the plans you have for […]

Personal Loan
How To Manage Your Personal Loan In Singapore More Effectively

Taking a personal loan in Singapore from licensed moneylenders can help you manage your unexpected expenses, such as medical bills. Moreover, it can help you in fulfilling your life goals. While it can make a huge difference in managing your financial situation when it matters most, it is not a permanent solution. Although you are free to use […]

Personal Loan
Why Taking A Personal Loan In Singapore Is The Best Option For Emergency Expenses?

In the time of a pandemic (like now), you need to be prepared for emergency expenses. However, if you are someone who does not have savings or is hesitant to borrow money from friends or family, then you could be in trouble when an emergency arises. But, don’t worry, getting a personal loan in Singapore to tide […]

Personal Loan
Top 6 Life Goals You Can Achieve With Singapore Personal Loan For 2022

Having sufficient money can help you achieve your New Year’s goals.  However, if you don’t have enough cash, taking a personal loan in Singapore is something worth considering. With a personal loan, you can get a relatively substantial sum of fast cash, and this is useful if you already have big goals and plans for New Year. […]

Personal Loan
Licensed Moneylenders Vs Banks: How Long Does It Take To Get A Personal Loan In Singapore?

If you are currently in need of quick cash for emergencies or holiday spending, you might consider taking a personal loan either from a licensed moneylender or bank. You might wonder how long it takes to get a personal loan from these credit facilities. How fast does it take to get your loan application approved with a licensed […]

Personal Loan
Is It A Good Idea To Take Out A Personal Loan In Singapore To Invest?

According to the latest Finder’s survey, nearly 1 in 3 (that’s 32% or 928,000 Singaporeans) have taken out a personal loan in the past 12 months. Some of the key reasons why people are taking out personal loans in Singapore include, covering daily expenses, helping out a friend or family, and financing a mortgage.  But […]

Company News
Crawfort Is Honoured To Be Awarded The Singapore Quality Class Certification

Crawfort is honoured to be awarded Singapore Quality Class certification. This certification, by Enterprise Singapore, recognises organisations that have attained robust business fundamentals and met standards for good business performance based on the internationally benchmarked Business Excellence Framework. This certification serves as a recognition of our commendable management capabilities and commitment towards continuous improvement and sustainable […]

Personal Loan
6 Must-Know Tips To Get The Best Personal Loan In Singapore

You might be looking for a personal loan to help you cover some financial needs. But with the overwhelming amount of loan products and choices out there, how do you find the best personal loan in Singapore?  Financial institutions in Singapore offer loan discounts and promotions periodically; it’s important that you learn how to compare […]

Blogs and Opinions
7 Things You Should Know About Loan Sharks In Singapore

Commonly known as “ah longs” in Singapore or unlicensed moneylenders, a loan shark is a person or entity that lends fast and easy money at sky-high interest rates. These interest rates are typically far above any established legal rates.  They are infamous for their harassment tactics and threats of violence as a means of forcing […]

Personal Loan
5 Tips On Taking A Personal Loan In Singapore When You’re Unemployed

Life is always unpredictable, and there may be times when you need to take up a loan to tide through unexpected financial difficulties. It could be medical emergencies, debts, bills to pay, or simply urgent cash needs. And if you’re unemployed, getting a personal loan in Singapore can be difficult. In Singapore, banks and financial […]

Personal Loan
Scam Alert: Fake Site!

RED ALERT: crawforts.com is a SCAM site posing as us. Apart from using a web URL that bears close resemblance to ours, this website also displayed our previous brand logo and company information that are stolen from us. Please be informed that this site has no relations to us and are likely to be operated […]

Blogs and Opinions
3 Reasons Why You Should Never Borrow From A Loan Shark In Singapore

If you’ve ever found yourself in a tight financial spot and have considered borrowing from a loan shark in Singapore, think twice. There are many risks involved when you borrow money from an unlicensed money lender like a loan shark. This includes high processing fees and interest rates, and continuous harassment to you and your […]

Personal Loan
5 Tips For Short-Term Course Remote Learning And How A Personal Loan In Singapore Can Help

Maybe you’ve already been sitting on the idea of taking the plunge into the world of short-term courses. Whether it’s learning a new design software or discovering a different industry, short-term courses are all the rage for both working professionals and students alike to upgrade their skills. But maybe you’re hesitant because of many factors, […]

Personal Loan
Loan Scams – Do Not Be A Victim

Loan scams are on the rise now. Please stay vigilant and beware of scammers who may approach you with attractive loan offers through calls, SMSes or any other media forms. Don’t be impulsive and fall into their traps. Learn to differentiate between a licensed and unlicensed money lender in Singapore. Crawfort Finance will only advertise […]

Blogs and Opinions
3 Alternatives To Filing For Bankruptcy In Singapore

Filing for bankruptcy in Singapore can stir up feelings of stress, anxiety, depression, and failure. Let’s face it, the process of filing for bankruptcy is also a tedious affair combined with the social stigma that comes with it. So before you decide to file for bankruptcy, why not consider other alternatives that are more desirable […]

Personal Loan
The 2 Types Of Personal Loans In Singapore To Consolidate Your Debt 

Besides being symbolic of financial independence and adulting, owning a credit card is a great way to earn rewards and cashback on your spending as long as you pay your bills dutifully every month. But what if you’re unable to pay your bills on time? With sky-high interest rates and a few late payment fees, […]

Blogs and Opinions
10 Travelling Tips For Your Next Trip And How A Personal Loan In Singapore Can Help

In a world where everything has its price, your dream of travelling the world can seem far and out of reach. Especially when you have daily expenses to account for and pressing bills to pay. Travelling can be expensive. However, the experiences you gain and memories forged from travelling is oftentimes invaluable. Though travelling can […]

Blogs and Opinions
Should You Take A Personal Loan In Singapore For Your Wedding?

Most of us dream of having the perfect wedding with our significant other. We want to make the day perfect to celebrate our love for our partner with our family and friends. However, planning a wedding can be stressful. Not only do you have to decide on the location, settle the most minute details, and […]

Personal Loan
Should You Take A Personal Loan In Singapore For Your Vacation?

Have you been toying with the idea of taking a good break for a while? And when we mean a break, we mean a good, quality break that’s going to give you a good reset. Maybe it’s been something on your mind for a while now but you haven’t gotten around to it because it’s […]

Personal Loan
Why You Should Upgrade Your Skills And How A Personal Loan In Singapore Can Help

According to Robert Kiyosaki, a successful businessman and author of Rich Dad Poor Dad, continuous learning is the key to getting rich. If you want to be successful in life, you need to have the right attitude, the right mentality, and seek continuous learning. Even after graduating, you should continue to upgrade your skills, which […]

Personal Loan
3 Ways To Reduce Your Wedding Costs And How Getting A Personal Loan In Singapore Can Help

Your wedding day is undoubtedly one of the most important days of your life. If you’ve been saving diligently after meeting “the one”, kudos for planning in advance! However, it may be the case that your savings still aren’t enough to cover the costs of your dream wedding.  To help you along on your journey, […]

Personal Loan
2 Types Of Personal Loans In Singapore To Consider In Times of Emergency

It’s always good when we receive a heads up before something happens, so that we can prepare for it.  But that doesn’t happen all the time. You can never predict when something unexpected crops up, and when you need extra cash urgently. In such times, a personal loan can be a viable option.  Types Of […]

Personal Loan
When Should You Take Out A Personal Loan In Singapore To Upgrade Your Skills?

We’re often told to continuously upgrade our skills because we need to stay relevant in times of changing needs. And one way to do that is through taking up courses. Plus, doing so can be helpful when we choose to switch careers. But taking up courses in Singapore can be quite expensive. For instance, a […]

Blogs and Opinions
8 Reasons Why You Have Low Credit Score In Singapore

Looking to purchase a home, car, or paying for that dream wedding? High costs of living in Singapore can make that hard to achieve. In fact, taking on personal loans to make those dreams a reality is not uncommon. Before applying for a loan, you should look at a few key considerations banks and financial […]

Blogs and Opinions
7 Things You Didn’t Know About Licensed Money Lenders In Singapore

Getting married, buying a home, or furthering your studies are major milestones in life. And these milestones usually come at a hefty price. Remaining debt-free becomes increasingly difficult as you move up the different stages of life; the last thing you want is to be trapped in a financial emergency. Turning to loved ones or […]

Blogs and Opinions
Licensed Money Lenders In Singapore: What Are Your Options If You Can’t Repay Your Loan?

Some of us encounter financial difficulties at different junctures in life. In such situations, borrowing from lenders like banks or licensed money lenders in Singapore would be among the available options to help get you back on your feet. Whether you borrow from a bank or licensed money lender, you’re of course obligated to make […]

Blogs and Opinions
4 Things To Consider When Borrowing From A Licensed Money Lender In Singapore

Whether it’s taking out a loan to renovate your brand new home or financing an unexpected medical emergency, there may come a time when you need some financial assistance. Taking out a personal loan to fund such expenses is a common option.  As a borrower, you’re usually faced with 2 main options: a bank or […]

Company News
Leveraging On Digitalisation To Simplify Loan Application

Singapore — (19 May 2020) — Staying ahead of the digital economy, we at Crawfort, the consumer loan subsidiary of Capital C Corporation, have incorporated digitalisation strategy to introduce a new loan platform with an improved user interface and experience on our website, alongside a new brand name and logo. In line with our goal […]

Blogs and Opinions
6 Things A Licensed Money Lender In Singapore Can’t Do When Collecting Debts

Getting a loan from a money lender in Singapore might be nerve wracking for some. When most think of money lending, they think of a pig’s head hanging by their door or that ‘O$P$’ red paint on the corridor.  However, loan sharks and licensed money lenders in Singapore operate very differently.  Let us look at […]

Personal Loan
6 Reasons Why You May Need A Personal Loan In Singapore

Have you ever found yourself stuck against a wall financially? When you have so many bills to pay, then suddenly, you or someone you know gets into an accident or gets sick. You are then overwhelmed with bills and the debt you need to pay, and the money you’ve saved or earned just isn’t enough […]

Personal Loan
Personal Loans In Singapore: What To Consider When Applying

Personal loans can seem like a mystery. What are they? When should you take them? How do you go about applying for personal loans in Singapore? A personal loan is a lump sum of money borrowed from a bank or licensed money lender, which you have to pay back in instalments (fixed payments) over a […]

Blogs and Opinions
Licensed Money Lender in Singapore Vs Bank: Key Differences

Getting married and buying a home are some of the most significant milestones and expenses you’ll incur when adulting. The last thing you want is to be strapped for cash. When that happens, most people think of borrowing money to tide them through the rough patch. You’re usually faced with two choices – should I […]

Personal Loan
Top 5 Personal Loan in Singapore Myths Busted

It’s pretty common to take up a car loan and/or a housing loan, especially since it’s costly to own a car and a home in Singapore. But when it comes to taking a personal loan in Singapore, it’s usually perceived as the result of poor financial management.  Depending on the circumstances, taking a personal loan […]

Company News
Advisory on COVID-2019

In light of the COVID-19 situation, Crawfort Singapore has stepped up and implemented additional precautionary measures at our outlet.

Media
单枪匹马赴菲“拓荒”寻商机

一般人对菲律宾的印象,总停留在治安欠佳和交通拥堵。然而,不能忽视的是,菲律宾有上亿人口,而近年经济增长也保持强劲,可谓商机处处。Crawfort正是看到了这个商机,希望能够为那些懂得数据科技,却无法充分从传统金融机构获取服务的消费者提供服务。

Company News
Crawfort Is Awarded
ISO 9001 : 2015

Crawfort is proud to be awarded the TUV ISO 9001 mark of quality, and will continue to provide excellent quality of services.

Company News
Crawfort Is Honoured To Be Awarded The Singapore Prestige Brand Award (SPBA) 2019

We are pleased to announce that Crawfort has been awarded The Singapore Prestige Brand Award (SPBA) 2019 – Promising Brands. Into its 18th year, SPBA seeks to recognise and honour distinguished brands for their outstanding achievements in branding. Our team went through rigorous rounds of judging by stellar industry professionals who evaluated us based on […]

Media
10 Business Leaders Recognised As Entrepreneur Of The Year

From training aspiring pilots to lending money, 10 local entrepreneurs received the Entrepreneur of the Year Award (EYA) 2019.

Media
The Breakfast Huddle

Find out how we can help F&B SMEs scale their businesses.

Media
CEO Conversation: Transforming Into A Digital Financial Services Provider

Find out how our Group is leveraging technology to serve underbanked customers in the region.

Media
The Case For Alternative Lending

In the last decade, we have witnessed rapid growth in the alternative lending space, with the creation of new business models opening up the range of alternative lending products available.

Media
How Fintech Is Driving Innovative Lending?

In Singapore, SMEs account for around two-thirds of the workforce and a large chunk of GDP growth. And if these firms can’t get funding, their failure to thrive has a dampening effect on the larger economy.

Company News
Crawfort Joins Singapore’s Fastest Growing Businesses

Crawfort rewrites the rules when it comes to moneylending solutions.

Media
Crawfort: Breaking Stereotypes Through Innovation

Innovative business Crawfort is rewriting the rules when it comes to moneylending solutions

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