6 November 2020

There could be a situation where you urgently need cash to tide over an unforeseen situation. One solution to consider is applying for a short-term loan in Singapore.

In this article, we’re going to share with you all you need to know about short-term loans in Singapore.

What’s A Short-Term Loan?

A short-term loan usually has a lower loan amount of about S$500 to S$35,000. Besides that, short-term loans are mostly unsecured, meaning that no collateral is needed.

Through reputable lenders, short-term loans can be approved within a day, after reviewing your credit history and other criteria like annual income. 

Short-term loans are usually required to be repaid within a year, with repayments usually to be made monthly or on payday. 

The approval for a short-term loan is also relatively quicker, meaning that you will get the capital you need without having to wait for a long time. 

With that said, not all licensed moneylenders or financial institutions use the same term. Other terms that may be used for short-term loans are payday loan, cash advance, payday advance, fast loans, payroll advance, and payroll loan. 

With a short-term loan, you’ll be able to get temporary support for your personal needs. But before deciding to apply for a short-term loan in Singapore, be sure to consider the pros and cons. 

What Are The Benefits Of Taking A Short-Term Loan In Singapore?

1. Convenience

In general, requirements and credit checks for short-term loans are more lenient. This makes it more convenient and useful in cases when you urgently need cash.

In addition, many lenders offer a quick and simple application process for short-term loans. Approvals tend to be done more quickly, allowing you to get your loan as fast as within a day.  

Most short-term loans also do not require collateral. This means that you won’t have to risk losing an asset when applying for a short-term loan. 

2. Less Stringent Credit Check

Credit checks for short-term loans tend to be less stringent as well. Licensed moneylenders will usually focus more on your annual income than your credit score. 

So even if your credit score isn’t that great, there’s still a possibility that you can get approval for a short-term loan.

3. Flexibility

Short-term loans are usually designed to better cater to your needs in terms of the loan amount, repayment, and interest rates. 

Applying for a short-term loan gives you flexibility for repayments. For instance, if you’re planning to apply for a short-term loan with Crawfort, you can choose to have weekly, bi-weekly, monthly, or payday repayments. This can help you manage your repayments better. 

4. Accessibility

Both banks and licensed moneylenders are easily accessible in Singapore, allowing you to apply for a short-term loan easily. 

As more financial institutions and licensed moneylenders go digital, loan applications can also be done online, allowing you to submit your application at any time you need it. 

In the case of licensed moneylenders, once your loan is approved, you’ll need to drop by their outlet for a face-to-face verification before your loan is disbursed in cash or deposited in your bank account. This face-to-face verification process prevents identity fraud, and allows lenders to go through the loan terms thoroughly with the borrower.

What Are The Drawbacks Of A Short-Term Loan?

1. Higher Interest

While short-term loans are convenient and useful, their interest rates are typically higher than long-term loans due to the shorter loan period. 

Plus, with the short loan period, you may need to pay higher interest per month as compared to a longer-term loan. But, you’ll be able to pay off your loan much quicker as compared to a long term loan. 

2. Higher Chance Of Being Complacent About Payment

Due to the low amount and short duration, some debtors may end up becoming complacent, thinking that the loan can be paid off easily. This can make them forget about making repayments and end up piling up more interest and late fees. As a result, they may even feel overwhelmed by the total amount to be repaid at the end of the loan tenure. 

In some cases, debtors may even end up taking another loan to pay off the initial loan. If loan repayments aren’t managed properly, it can result in a deadly spiral of debt. 

3. Opportunity For Loan Sharks

As more businesses go digital, this opens up more opportunities for loan sharks to lend money. Digitalisation also makes it harder to distinguish between a licensed moneylender and a loan shark.

Borrowing from loan sharks can also be problematic, as they have sky-high rates and hidden fees, making it difficult to pay it off. 

Hence, it’s essential to check and ensure that you’re borrowing from a licensed moneylender before you apply and sign for a short-term loan.

Read more on why you shouldn’t borrow from a loan shark here. 

What Are The Various Types Of Short-Term Loans Available In Singapore?

Infographic on short-term loan options in Singapore

Emergency cash loan is one short-term loan option to consider in Singapore.

1. Emergency Cash Loan 

Those who urgently require cash can consider applying for emergency cash loans. With this, you can get cash to cover unforeseen expenses such as medical bills and home or vehicle repairs. 

For faster approval, you may consider approaching a licensed moneylender as they tend to be more lenient than banks in their process. 

Apply with Crawfort for a faster loan process and approval. 

2. Payday Loan 

A payday loan is another alternative for you if you have a low credit rating. 

Take, for example, your pipes at home burst unexpectedly, and you need a sum of money to handle all the repair works. Payday is a few more weeks away, and forking out this amount now will put a significant dent in the month’s budget. Here’s where a payday loan is a good option to consider. It can help to cover unexpected expenses without putting you in a tight situation.

Payday loan is a good option to consider if you need a large sum of money before your paycheck is in. However, do take note that payday loans require you to pay off the entire lump sum once your payday arrives. 

Not sure why you have a low credit score? Find out why here. 

You can also learn how to improve your credit score here. 

3. Line Of Credit

If you’re facing cash flow problems, another option to consider is a line of credit. What’s good about a line of credit is that you won’t be charged any interest until you withdraw from it. 

For example, if your line of credit has a limit of S$30,000 but you’ve only withdrawn S$17,000, the interest will only be levied on the S$17,000 that you’ve used.

In times of emergencies, you may also choose to take out as much as you need as long as you don’t exceed the maximum credit given to you. 

4. Bridging Loan

A mortgage application form, with a calculator and a pen on top of it

A bridging loan, a type of short-term loan, can help cover mortgages.

Another short-term loan option in Singapore is a bridging loan. This is useful for when you’re in the midst of buying a new house, but your current house is not sold off yet. 

A bridging loan can help to cover the mortgages for both houses. You may also need to put up collateral, in which you can use your current house. 

Although bridging loans may incur higher fees and interest rates compared to other types of short-term loans, it’s a good option to consider if you can’t afford to delay buying a new house.

Where Can You Get Short-Term Loans In Singapore?

1. Licensed Moneylenders

As of October 2020, there are 156 licensed moneylenders in Singapore. They are regulated by the Ministry of Law on areas such as the amount they can lend, and the interest rates and fees they can charge. 

Under the Ministry of Law’s regulation, you may get a loan of any amount for secured loans from licensed moneylenders. On the other hand, the loan amount for unsecured loans is regulated. 

The table below shows the amount that you can borrow from licensed moneylenders in Singapore, based on your annual income. 

Borrower’s 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 monthly income 6 times monthly income

Source: Ministry of Law

Do note that the maximum interest rate licensed moneylenders can impose is 4% per month regardless of income, or whether it’s a secured or unsecured loan. 

The interest rate can only be levied on the remaining amount that hasn’t been paid yet. For example, if you’ve taken a loan of S$10,000 with S$4,000 repaid, only the remaining S$6,000 can be charged interest. 

Similarly, only a maximum late repayment interest rate of 4% per month for each month repaid late can be imposed on the debtor.

This interest rate can only be imposed on the amount that was repaid late. If you’ve taken a loan of S$10,000 and S$2,000 was repaid late, the late interest fee can only be imposed on the S$2,000.

2. Banks

Banks usually also offer short-term loans, so they’re another option to consider. 

Although banks usually offer low-interest rates for personal loans, their approval process is generally longer than licensed moneylenders. In addition, they focus more on credit rating when approving loans, which may lower your chances of approval if you have a low credit score. 

Hence, if you’re in a hurry to get cash, a bank may not be a suitable option for you.

3. Private Funders

Another option will be private funders. They are excluded under the Moneylenders Act and are exempted from holding a license. Under this exclusion, private funders are only allowed to lend money to accredited investors or corporations. This includes: 

If you fall under any of the groups above, you can take out a short-term loan with private funders. However, private funders may require you to put up some form of collateral, which you may risk losing if you default on the loan. 

In general, it’s good to compare rates from at least 3 different financial institutions. This allows you to find the rates and terms that are suitable for you. 

What Are Some Alternatives To Short-Term Loans In Singapore?

Prefer not to borrow from a financial institution? Here are some other alternatives you may consider. 

1. Borrow From Family And Friends

A man showing some calculation and asking his friend for a loan, which is an alternative to a short-term loan

An alternative to a short-term loan is to borrow from family and friends.

Talk to your family and friends about your situation and see if you can borrow from them instead. If you choose to do so, it’d be good to create a formal agreement

A formal agreement serves to put in black and white what’s agreed. It can help to reduce the likelihood of misunderstandings which could end up ruining the relationship with your family or friends. 

2. Community Resources

Do not hesitate to ask for help. Look out and ask around for any community resources that you can apply to help with your finances. 

For instance, if you’ve lost your job or a significant amount of income due to COVID-19, consider applying for the Temporary Relief Fund or the COVID-19 Support Grant. 

3. Sell Items For Cash

Most of us are familiar with sites such as Carousell. These sites enable you to sell off new or used items that are in good condition for cash. If you have any items that aren’t used anymore and can be sold, consider putting them online to earn extra cash. 

4. Ask For A Payday Advance From Your Employer

Another option to consider is to approach your employer and see if there are payday advance options that you can take.

Need a personal loan but worried about your credit score? Read this guide to learn how you can get a personal loan in Singapore with poor credit.

FAQs About Short-Term Loans In Singapore

Still considering between short-term loans and its alternatives? Learn more about what to expect if you’re applying for short-term loans here. 

How Do You Qualify For A Short-Term Loan In Singapore? 

To qualify for a short-term loan, you must be employed on a permanent, part-time, casual, or contract basis. You should also be able to provide a payslip, CPF contribution statements, or income tax statements to qualify for one. Even if you’re new to a job, you can still apply for a short-term loan.

You also qualify for a short-term loan if you are self-employed, whether you’re running a business from home, or a taxi or private-hire driver.  

Learn more about how a personal loan can be useful for taxi or private-hire drivers here. 

As long as you can provide proof of income (except rental), you’re eligible for a short-term loan. This means that if you’re a retiree with a part-time job, you can still apply for it. 

If you’ve been discharged from bankruptcy, have outstanding loans, or poor credit history, you qualify for short-term loans as long as you’re assessed to be able to make prompt repayments.

Do note that you’re also eligible for a loan even if you don’t have a Singapore home address, as long as you can provide your proof of residence.

On the other hand, you won’t be eligible for a loan if you’re under 18 years old, a student, or an NSF. 

How Long Does It Take To Process A Short-Term Loan?

In general, banks may take up to 3 to 7 days to process the application.

However, in times of urgency, time is of the essence. At Crawfort, your loan request can be processed and approved within 8 minutes

Crawfort’s loan platform is integrated with MyInfo, allowing you to log in to your SingPass to pre-fill certain information. This speeds up the application process. This also means you can submit your application anytime, anywhere. 

How Do You Collect Your Short-Term Loan Upon Approval?

Once your application is approved, you’ll need to head down to the moneylender’s outlet to do a face-to-face verification and loan contract signing. After which, the funds will be disbursed to you either in cash or to your bank account. 

Wondering why you need to head down to the outlet for a face-to-face verification? While licensed moneylenders can process and approve loans digitally, they’re required to do a verification and go through the term loans with you after the approval. This also helps to prevent identity fraud

On the contrary, unlicensed moneylenders or loan sharks may approve your application through email, SMS, or phone call without any contract or any face-to-face meeting. 

What are the other things you should know about loan sharks in Singapore? Click here to find out. 

How Much Can You Borrow?

In general, personal loans in Singapore can range from S$2,000 to S$50,000. Some licensed moneylenders offer up to S$100,000.

Planning to borrow from Crawfort? If you’re a Singaporean or PR, you’ll be eligible to borrow the following amount based on your annual income: 

Annual income Maximum loan amount
Less than S$20,000 S$3,000
At least S$20,000  6 times monthly income

What Are The Documents Needed To Submit A Loan Application?

The documents needed to submit a loan application are:

  • NRIC
  • SingPass and 2FA
  • 3 months of official computerised payslip 

With the convenience and accessibility of short-term loans in Singapore, you can receive cash quickly in unforeseen circumstances.

Ready to apply for a short-term loan? Apply for one with Crawfort and get it approved within the next 8 minutes!

A Personal Loan In 8 Minutes.
That’s how fast it takes.

Hungry for More Articles?

Blogs and Opinions
Best Licensed Moneylenders: Guide to Borrowing Personal Loans from Legal Moneylenders (2021)

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 a licensed moneylender. Paying off bills and expenses without any assistance can be really challenging, especially when you’re living in one of the most expensive […]

Personal Loan
Best Personal Loan in Singapore : The Ultimate Guide (2021)

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 […]

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).

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 […]

Personal Loan
How to Protect Yourself From Personal Loan Scams In Singapore

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
24-hour Money Lender In Singapore: Guide To Legal Personal Loans From Licensed Money Lenders

Unexpected situation can arise at any time, and with it comes panic and the need for extra cash. Whether it’s to help tide you through problems such as car repair or medical bills or to simply improve cash flow, having access to a 24-hour money lender in Singapore is ideal. Besides, the busy lifestyle in […]

Personal Loan
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 […]

Personal Loan
Personal Loan Calculator In Singapore: Why You Should Use One And The Benefits

Personal loans are an alternative for big-ticket purchases or immediate financial emergencies. But before taking up a loan, most of us would be curious as to how much everything would cost in total. One way to find out is to use a personal loan calculator in Singapore to work out the sum.  So, what are […]

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
Can You Get A Personal Loan Without Income Proof In Singapore?

If you’re in a financial jam, you want to get a personal loan as quickly as possible. But what if you don’t have income proof? In this article, we share with you some useful tips on how you can get a personal loan in Singapore without standard income proof like payslips.  But before we dive […]

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
How To Get An Instant Cash Loan In Singapore

Are you going through an emergency that requires quick cash? Then you might want to consider getting an instant cash loan in Singapore. Getting an instant loan can help to solve your urgent financial needs. Since you can get them fast, you’ll be able to solve your issues as quickly as possible.  How do you […]

Personal Loan
Ultimate Guide To Getting A Personal Loan In Singapore With Bad Credit

It’s tough to get a personal loan in Singapore with bad credit. With a bad credit score, you automatically leave a poor impression on financial institutions, lenders, and banks. The truth is that having bad credit can happen to anyone. A job retrenchment, a wrong choice in your twenties, or a medical emergency can bury […]

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
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 […]

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
Loan Shark Harassment In Singapore: 5 Ways To Deal With It

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 personal loan. With limited options to […]

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 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 […]

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

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 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 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 One To Take?

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 out a secured loan or an unsecured loan. […]

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
Licensed Money Lender Vs A Pawn Shop In Singapore: 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 in Singapore, 2 options […]

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 from a licensed moneylender may come in handy.  But before you apply for a personal loan in Singapore, here are some important things that you need to […]

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.



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 […]

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.

The Breakfast Huddle

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

CEO Conversation: Transforming Into A Digital Financial Services Provider

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

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.

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.

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