28 February 2020

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 in Singapore may not be as bad as most people think. For instance, if you have a lot of outstanding bills due to unforeseen circumstances, you can take up a personal loan to pay them off. 

In general, you can get a personal loan from a bank. But if you have bad credit in Singapore, it’s likely that the bank won’t approve your personal loan application. 

There’s still another option for you though; you can get a personal loan from a licensed money lender in Singapore

And yes, we understand that there’s a lot of misconceptions about taking a personal loan, let alone taking one from a money lender. So we’re here to debunk these myths in this article. 

Infographic on the myths and facts about borrowing from licensed money lenders in Singapore
Contrary to popular belief, borrowing from money lenders isn’t as bad as it sounds

Myth #1: Taking Personal Loans Will Affect Your Credit Score

The truth is, your credit score won’t be negatively affected if you’re taking a personal loan from a licensed money lender. The credit bureau focuses more on your payment history and income when generating your credit score. 

When taking a personal loan, be sure to borrow only what you need and ensure that you have the capacity to pay it back. 

If you can’t pay back your repayments on time or even default on them, your credit score will be affected even further. In such a situation, borrowing from other financial institutions will be even harder in the future. 

Taking a personal loan can be considered as a financial tool. For instance, personal loans such as a debt consolidation plan can help you manage your loan repayments better. It works by collating all your debt repayments (including multiple credit cards) together into one big loan with just a bank or financial institution. 

So this allows you to make one repayment per month for all your consolidated bills, saving you the hassle of paying them separately. Plus, the plan also reduces the risk of you missing your payment deadlines and helps clear your debts faster. Another good thing about the debt consolidation plan is that it also helps you to improve your credit score, which can help to open up more loan options in the future. 

Learn more on how you can improve your credit score here. 

Myth #2: You Need An Annual Income Of At Least S$30,000 To Get A Personal Loan 

To ensure debt repayments, there are certain criteria that you’ll have to meet before you can take up a personal loan. Most banks in Singapore usually require borrowers to have an annual income of at least S$30,000 to apply for a personal loan. This also means that for those who earn less than S$30,000 a year, they may not be able to get a loan from the bank. 

But this doesn’t mean that they can’t take a personal loan. Licensed money lenders are open to lending you money even if you earn less than S$30,000 a year. 

In fact, if your annual income is less than S$20,000, you can still take a personal loan with Crawfort. 

Do take note, though, that the maximum amount that you can borrow depends on both your annual income level and assessed ability to repay your loan. So the higher your income level, the higher the maximum amount of money that you can borrow.

Here’s a table to illustrate the maximum amount that you can borrow from Crawfort, based on the annual income level.

For Singapore citizens and PRs:  

Annual income  Maximum loan amount you’re eligible for
Less than S$10,000 S$3,000
At least S$10,000 and less than S$20,000 S$3,000
S$20,000 and above 6 times of your monthly income

For foreigners:

Annual income  Maximum loan amount you’re eligible for
Less than S$10,000 S$500
At least S$10,000 and less than S$20,000 S$3,000
S$20,000 and above 6 times of your monthly income

 

Wondering what other differences there are between taking a loan from a bank and a money lender in Singapore? Find out more here. 

Myth #3: You Need Collateral To Take Up A Personal Loan

Another thing to note about taking up a personal loan in Singapore is that you won’t have to provide a collateral such as your house. A personal loan is a type of an unsecured loan, which means that it’s not backed by any asset. 

Other examples of unsecured loans include the following: 

  • Credit card loans
  • Personal line of credit
  • Education loans
  • Renovation and furnishing loans

Since the amount for unsecured loans are considered small (as compared to housing loans) and are based on your credit score, a collateral isn’t needed. 

This means that if you find yourself unable to pay off your personal loan, the lender won’t be able to take away your assets (such as your house). What they can do, though, is to take legal action against you if no agreements can be reached. 

On the other hand, you’ll need to provide a collateral if you’re taking a secured loan, such as a housing loan. Since the amount is quite substantial, you’ll need to put up an asset (like your house) as collateral before the loan can be approved. 

Myth #4: Money Lenders Are Not Trustworthy

This is probably one of the most popular myths surrounding money lenders in Singapore. 

Some of us associate money lenders with loan sharks or “ah longs” that use red spray paints to write “O$P$” along the corridor of an HDB block. 

Licensed money lenders are governed under the Ministry of Law (MinLaw) and are required to abide by strict regulations in order to operate in Singapore. 

Here are a few aspects that differentiate a licensed money lender from an illegal one

Interest Rate

One of the regulations that licensed money lenders need to abide is the interest rate that they can charge borrowers. Under MinLaw’s rules, licensed money lenders can only charge an interest rate of up to 4% per month. 

Similarly, the maximum interest rate for late payment is 4% per month and this late payment fee mustn’t exceed S$60. Plus, licensed money lenders can only apply this late interest rate to the amount that’s paid late.  

Let’s say you take up a loan of S$5,000. If, for some reason, you miss the deadline to pay the first instalment of S$1,000, the money lender can only charge a late interest based on the S$1,000, and not the remaining S$4,000. 

So if you find that a money lender is offering you a personal loan in Singapore with an interest rate of more than 4% per month, it’s likely that they’re a loan shark. 

Advertisements 

A licensed money lender can only advertise through these 3 channels: 

  • Business or consumer directories (in print or online media)
  • Websites belonging to the licensed money lender 
  • Advertisements placed within or on the exterior side of the wall, door, shutter, gate, or window of the approved place of business 

They’re not allowed to advertise through flyers, emails, SMSes, and other forms of advertisements. 

If you’ve been receiving SMSes and WhatsApp messages offering you personal loans, they’re probably from licensed money lenders that are flouting the rules, or illegal money lenders. 

Couple smiling happily and shaking hands with licensed money lender in singapore
Licensed money lenders will issue you a contract and go through its terms with you

Loan Approval Process

Although licensed money lenders promise fast approval, they always go through your loan application and supporting documents before approving your loan. 

In addition, they’ll issue a loan contract and go through its terms and conditions with you before you sign it. They’ll also deduct up to 10% of the principal amount for the loan approval fee. 

At Crawfort, we deduct the processing fee from your loan. That means that you don’t have to make any payments before your loan is approved. 

On the other hand, unlicensed money lenders are more likely to approve your application quickly, without asking for relevant documents like your payslip. They also usually require a large processing fee before they disburse the loan. 

Myth #5: Low Credit Score Can Affect Your Loan Approval

Though the loan approval process takes into account your credit, it doesn’t mean that your application will automatically be rejected if you have an outstanding loan and a low credit score. 

Depending on your income level, you can still get your personal loan approved in Singapore even with a low credit score. In such a case, your chances of getting an approval will be higher with a licensed money lender, as compared to a bank. 

Find out how you can get a personal loan with a bad credit score here. 

What your credit score can affect, though, is the amount that you’re allowed to borrow, as well as the accompanying interest rates. If you have a higher credit score, you’re deemed able to pay off your loans on time, and you’ll get to enjoy a higher principal amount and a lower interest rate. 

On the other hand, you’re usually subjected to a higher interest rate and limit to how much you can borrow, if you have a low credit score. 

If you have a low credit score and are planning to take up a personal loan, you can start by borrowing a small amount first and pay it off on time. This helps to build up and improve your credit score. As your credit score improves, you’ll have more loan options and higher chances of getting larger loan amounts with lower interest rates. 

Ultimately, taking up a personal loan from a licensed money lender in Singapore isn’t as bad as it sounds. So before you take up a loan, ensure that the interest rate is below 4% and that it’s within your means. 

In need of a quick personal loan? Apply with Crawfort now. 

Hungry for More Articles?

Personal Loan
Ultimate Guide in Choosing the Best Personal Loan in Singapore (2020)

A few things that can help you reach your goals include having sufficient money and knowing how to budget wisely. And taking a personal loan in Singapore might just be something worth considering. Before diving into applying for a personal loan, let’s explore more about it, and whether or not it can cater to your […]

Blogs and Opinions
Ultimate Guide To Borrowing From Licensed Money Lenders In Singapore

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, […]

Media
The Entrepreneur 2019

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).

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
What Are The Alternatives To Personal Loans In Singapore For The Unemployed?

When we need cash, some of us consider taking personal loans to get through the tough period. Unfortunately, it can be difficult to get a personal loan in Singapore when you’re unemployed.  Don’t worry, though. There are alternatives to personal loans in Singapore that you can take up, even if you’re unemployed. This article is […]

Blogs and Opinions
Credit Limit In Singapore: All You Need To Know About Increasing It

Are you cash strapped and in need of extra credit for your big-ticket purchases? Are you considering increasing the credit limit on your credit card or unsecured loan but aren’t sure how to? In this article, we will share with you everything you need to know about increasing your credit card limit in Singapore. We […]

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 […]

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

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 […]

Blogs and Opinions
How To Deal With Loan Sharks In Singapore: 5 Things You Can Do

With the reputation that loan sharks in Singapore have, most of us wouldn’t want to deal with them in the first place.   But perhaps desperate times have called for desperate measures. You needed money during a time when no bank or financial institution was willing to offer you a loan. With limited options to finance […]

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
What Happens When You File For Bankruptcy In Singapore?

From January 2020 to May 2020, there have been 1,481 applications for bankruptcy in Singapore and 404 orders made — a significant number considering the short 5 months span.  Bankruptcy, in short, is when you owe more than you can afford to pay. There are also a number of technicalities involved. Filing for bankruptcy in […]

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 […]

Blogs and Opinions
How Does Credit Counselling And Debt Management Programme Work?

Have you ever found yourself struggling in debt, with no one to turn to, and all hope seems lost? In those situations, where can you get help? Well, there’s an answer for that: credit counselling. It’s alright if you don’t really know what it is. Not many Singaporeans are familiar with the concept of credit […]

Personal Loan
How To Clear Credit Card Debt With A Personal Loan In Singapore

Credit cards have a lot of benefits. Not only do they boost your spending power, but they’re also very convenient since you don’t need to keep drawing and carrying cash. However, for the convenience they offer, you run the risk of incurring high interest and accumulating debt quickly. What should you do when you find […]

Blogs and Opinions
Personal Loan In Singapore: What’s A Debt Consolidation Plan?

With the lure of credit cards and their rewards (think airmiles, cashback, free luggage), many Singaporeans end up with large credit card debt. Swiping the card is so easy and convenient, that many fall into the endless debt trap. If you find yourself struggling to make timely credit card and personal loan repayments in Singapore, […]

Personal Loan
Financing Options For 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 make it your dream home. But before you can renovate it, you’ll need to ensure that you have enough money for it. In this article, […]

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 […]

Blogs and Opinions
When Should You Consider Taking A Personal Loan Over A Renovation Loan In Singapore?

Now that you’ve collected the keys to your new home and browsed countless web pages for decor inspiration, it’s time for the next step. Imagine, after a long day at work, going back to a home that’s furnished and personalised just the way you like it. Isn’t that exciting? That is until you realise the […]

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 You With That

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
Renovation Loan Vs Personal Loan In Singapore For Home Renovation: What’s The Difference?

The priciest thing you can buy in Singapore is probably your home. Even if you don’t mind a rugged aesthetic, minimalistic, or industrial look, basic renovation is still necessary for installation of electrical endpoints, tilework, paintwork, and so on.  If you’ve done the maths, you’ll realise that renovations can cost an arm and leg. However, […]

Personal Loan
Personal Loan In Singapore: How Can It Help With Wedding Expenses?

Your wedding day is probably the most significant milestone as a couple. It’s a momentous and joyous occasion, where family and friends come together to celebrate the love and union between the two of you. How would taking out a personal loan in Singapore come into the picture? Well, every couple dreams of having that […]

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
How Personal Loans In Singapore Can Be Useful For Grab And Taxi Drivers

The past few months have been difficult for many people in various industries. Most businesses, especially in the service industry, have been badly affected by the COVID-19 social distancing measures. Taking a personal loan in Singapore is one option to get through this tough time.  Ever since the outbreak began, less people have been going […]

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 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 institutions […]

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 Lender In Singapore: How Much You Can Borrow And What You Must Note

The cost of living is high in Singapore. There are times where we inevitably run into money problems and need cash to tide over difficult periods. For some, it could be money needed to last until their next payday, more money for their wedding, home renovation, or for a financial emergency. According to the Credit […]

Personal Loan
Secured Vs Unsecured Personal Loan In Singapore: Which To Choose?

If you’re facing some kind of financial difficulty, getting a personal loan in Singapore could help improve your situation. Whether you choose to borrow from a bank or a licensed money lender in Singapore, you have a decision to make: you’ll need to decide whether to take a secured loan or an unsecured loan. But […]

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 […]

Personal Loan
5 Reasons Why Your Personal Loan Application In Singapore Was Rejected

Perhaps it’s a time right now when you require extra financial support for your needs—for an emergency, for a dream vacation for you and your partner, or even for a plan to move forward and venture out of your comfort zone. However good your reasons may be, you may have faced problems having your personal […]

Personal Loan
Are You Eligible For A Personal Loan In Singapore?

When we’re short on cash, most of us will consider borrowing from friends and family members. However, if you don’t want to trouble them, how about taking a personal loan instead? A personal loan is a lump sum of money borrowed from a bank or licensed money lender. You’ll need to pay it back over […]

Blogs and Opinions
5 Ways To Improve Your Credit Score At The Credit Bureau Singapore

Ever wondered what affects your loan applications? Or why some of your credit card applications were rejected?  It’s likely because of your credit score. A bad credit score can affect your applications for personal loans and credit cards. But what’s a credit score? How do you check it, and how can you improve your credit […]

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 […]

Blogs and Opinions
Licensed Vs Unlicensed Money Lender In Singapore: What’s The Difference?

Life can get pretty unpredictable. Sometimes, you might find yourself in need of quick cash, but your savings is not enough. You may have thought about taking up a loan from the bank, but what if you can’t get across the red tape? The paperwork, the waiting period, and the anxiety of not knowing whether […]

Blogs and Opinions
Borrowing From A Licensed Money Lender In Singapore Vs A Pawnshop: What’s The Difference?

Something sudden happens and you find yourself in urgent need of cash. You might be considering borrowing from the bank, but they might take a long time to approve your loan. So, you start looking for alternatives to get a fast loan in Singapore. When it comes to getting quick cash, 2 options come to […]

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
4 Types Of Personal Loan In Singapore You Should Know

It is tough sometimes when we land ourselves in unexpected situations that require immediate financial assistance, such as medical emergencies or investment opportunities. At times like this, taking out a personal loan in Singapore could be a viable option to ease your financial burden.  A personal loan is a type of unsecured loan that does […]

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 […]

Personal Loan
How To Get A Personal Loan In Singapore Even With A Bad Credit Score

Whether it’s to buy a first home or pay for education, most of us probably need to take a loan at least once in our life. However, not all loan applications can turn out successful. If you’ve applied for a personal loan in Singapore before but it got rejected, it could be due to your […]

Personal Loan
An Essential Guide To Personal Loan In Singapore: What It Is And How To Apply

Whether you need a helping hand to achieve a resolution you’ve set for the year, or you’re in urgent need of money, getting a personal loan in Singapore may come in handy.  But before you apply for a personal loan in Singapore, here are some important things that you need to know. What Is 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 […]

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.

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

8 Minutes is All You Need

Get Your Loan
Approved by
Tomorrow