17 June 2020

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 you can do so with a personal loan in Singapore

With the quick advancements in technology today, more jobs and skills are deemed irrelevant and unnecessary. No job is permanent in the world, including in Singapore. 

However, it’s never too late to upgrade your skills. Learning is one of the best investments you can make in life, and personal loans in Singapore can help you with that. 

5 Important Reasons Why You Should Upgrade Your Skills 

1. You Need To Stay Relevant, Especially With The Changing Needs In The Workforce 

Whether you’re a young adult who just graduated or an experienced adult with years of working experience, you need to upgrade your skills. 

Singapore has positioned itself as one of the best business hubs in the world. This also means that Singaporeans and foreigners living in Singapore need to constantly upgrade their skills to remain competitive and earn more money. 

Simply look around and you’ll find that many jobs have now become obsolete. Cashiers at nearby NTUC supermarkets have mostly been replaced by self-checkout machines to save costs and time. 

Similarly, skills may become obsolete if you don’t upgrade them. And in the worst-case scenario, you may find yourself unemployed. Enrolling in courses and learning new skills can help you better yourself to survive the corporate world.

2. You Will Be A More Valuable Employee 

It’s a known fact that employers value employees who are self-directed, and able to anticipate and resolve issues promptly. Employers look for people who are knowledgeable, competent, and proactive. 

By upgrading your communication and problem-solving skills through workshops and courses, you can be viewed as an asset to the company. 

In addition, learning a new skill can increase your self-confidence and help you take on new challenges at work. Whether it’s to articulate your ideas better or to provide a solution when a challenge arises, you’ll have the ability to offer confident solutions to problems that may occur on the job. 

3. You Can Improve Your Marketability And Competitiveness

Upgrading your skills also helps to keep you on the top of news and trends happening in your field, giving you a competitive edge. 

For example, if you are an SEO expert, keeping up-to-date with the latest Google Search updates will allow you to adopt new tactics quickly. What’s more, if you’re seeking a new job in the field, you’ll have a competitive edge against other applicants. 

4. You Can Increase Your Income 

Let’s be honest, we all want a higher income. 

If you’re looking to climb the corporate ladder or make advancements in your career, you’ll need to upgrade your current skill set. 

With skills upgrading, you can contribute more to your company, and have more leverage to ask for a promotion and a higher salary. 

5. You Open Up More Career Opportunities 

Tired of working in the same industry for many years? Learning new skills gives you the opportunity to make a career switch. 

Upgrading your skills will open the door to new career prospects that you may not have considered before. For instance, if you upgrade your data curation and analysis by picking up short courses like “Mastering Microsoft Excel”, you may be able to apply for jobs that require you to analyse data, create spreadsheets, or generate reports. 

Furthermore, digitisation and rapid technological development is gradually making an impact on the job market. More and more companies are looking for digital solutions, opening potential career pathways for many. By upgrading your digital skills, you’ll be able to get an edge over others in the job market and command better pay. 

Many courses available in Singapore can help you upgrade your skills and open up new prospects. However, popular programmes such as IT, design, and coding courses can cost a lot. 

Rather than draining your bank account to pay for the course fees, you can opt for a personal loan in Singapore to help you pay for them. 

Learn more about what to consider before you apply for a personal loan in Singapore here. 

Where Can You Upgrade Your Skills In Singapore? 

A woman studying in a library for a short-term course that’s paid with a personal loan in Singapore
You don’t have to enrol in a full-time course to upgrade your skills.

Skills upgrading in Singapore is not as difficult as you think. For starters, it definitely does not require you to quit your job and enrol in a full-time university degree. 

In Singapore, there are short-term courses that can help you with skills upgrading and lifelong learning. Short-term courses usually last a few months to a year or two, and are often in the form of night classes or weekend classes. There are short-term courses you can do online as well. 

Short-term courses are great for learning important skills quickly and effectively. If you’re seeking a better future but lack the money for education, you may choose to take on a personal loan in Singapore to enrol in self-upgrading courses. In the long run, you’ll be able to secure a job with a higher pay with these new skills set. 

Local Universities In Singapore With Short-term Courses

Here are some of the short-term courses offered by local universities in Singapore. 

NUS (National University of Singapore)

  • Arts & Social Sciences
  • Business & Management
  • Computing & Tech Services 
  • Data Analytics 
  • Engineering 
  • Healthcare & Medicine
  • Supply Chain & Logistics 
  • Public Policy 
  • Music

You may also check out short courses offered by NUS Business School here. 

NTU (Nanyang Technological University)

  • Accounts/Business/HRM
  • Communication Skills 
  • IT & Information Studies
  • Engineering
  • Education 
  • Fintech 
  • Personal Development

SMU (Singapore Management University)

  • Human Capital, Management & Leadership
  • Technology & Intelligent Systems 
  • Financial Services 
  • Business Management 
  • Service, Operations & Business Improvement 

SUSS (Singapore University of Social Sciences):

  • Cloud Computing 
  • Cybersecurity 
  • Early Childhood & Chinese Language Education 
  • Sociology 
  • English Language & Literature 
  • Building & Project Management 
  • Accountancy 
  • Sports & Physical Education 
  • Biomedical Engineering 
  • Business Analytics

SIT (Singapore Institute of Technology):

  • Accounting & Finance 
  • Business Management 
  • Chemical Engineering 
  • Communication Skills & People Management
  • Design Innovation 
  • Engineering
  • Food Technology 
  • Health Sciences 
  • Hospitality 
  • Infocomm Technology 
  • Pharmaceutical Engineering

Besides local universities, other options for short-term courses are available in Singapore.

Local Polytechnics With Short-term Courses

These 5 local polytechnics offer short-term courses for skills upgrading as well: 

Using SkillsFuture Credits For Short-term Courses In Singapore 

The Singapore government provides plenty of support for skills upgrading. As the name SkillsFuture suggests, the goal is to help Singaporeans secure relevant skills for a better future. 

The good news is that every Singaporean is entitled a SkillsFuture Credit of S$500, which can be used to help individuals take ownership of their skills development and embark on lifelong learning. Essentially, you can use it for short-term courses to upgrade your skills. 

SkillsFuture courses range from Basic Accounting to Programming. Find out more about the courses offered here. 

Online Courses Such As Coursera, Udemy, And General Assembly

Online courses have been increasingly popular in Singapore too. 

They allow you to learn in the comfort of your home so you don’t have to travel out  for physical classes. They are streamlined for fast and effective learning, helping you gain a new skill in the field quickly and move onto the next within a short period of time. 

While it’s true that you can take up a new career or go back to school at any age, it becomes increasingly difficult as you get older. Having to juggle a job and a family may make it difficult for you to set aside time for learning. 

Online courses make it easier for you to upgrade your skills as many of them allow you to learn at your own pace and at your convenience. All you need is a computer and an internet connection. 

If you’re a working adult or a parent who needs to look after your child, online courses offer great flexibility that does not disrupt your everyday life and yet helps you achieve your goals.

Coursera, Udemy, and General Assembly are online platforms that offer top education and courses from all over the world. With the technology available today, you can apply for online lessons to learn any skills you want. 

For instance, Udemy offers more than 10,000 online video courses with new additions every month. You can basically sign up for any course ranging from business, photography, design, to banking and more. Courses are also reviewed by other users to ensure that the quality is consistent. 

Coursera, on the other hand, helps individuals build their skills with courses, certificates, and degrees online. They collaborate with education institutions from all over the world to bring you the latest skills and knowledge. Coursera also allows you to learn at your own pace with flexible options. 

General Assembly specialises in in-demand skills today such as tech, data, design, business, and more. They have a suite of courses that are tailored for the growth and development of teams and individuals. 

There are full-time, part-time, and short-form course options, conducted either on campus or online. If you’re looking to learn or upgrade skills like web development, digital marketing, product management, or user experience design, they have a range of learning paths that match your goals.

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

Infographic on how a personal loan in Singapore can help with your skills upgrading
With a personal loan, you can set aside cash for emergencies

Lifelong learning is key. One cannot underestimate the importance of education and self-upgrading, especially during a time when skills turn obsolete quickly. 

Still, you should never let financial difficulties stop you from securing a better future. In the long run, having better skills will help you secure a higher salary and a better job. If you require financial help, you can apply for a personal loan in Singapore to help you with the course fees. 

While taking on a personal loan may sound daunting, it generally works the same way as taking an education loan, study loan, or student loan in Singapore. You take on a loan to upgrade your skills, find a higher-paying job after completing your course, and secure a better future. 

To better explain, here are 4 ways a personal loan in Singapore can help you with skills upgrading. 

1. Personal Loans Give You The Freedom To Take the Course Of Your Choice 

There are other ways aside from personal loans that help you get the cash you need for your course. For instance, you can choose to borrow money from your family and friends for your skills upgrading course. 

However, there’s a chance that you won’t have control over the choice of the course you’re going for. For example, a relative might agree to finance your course, but on the condition that you take an accounting course, which you might not want to. You might also be under unwanted pressure to do well in the course as your relative is funding your course.

In addition, when borrowing from family and friends, you risk harming the relationship between them. Regardless of how close you and your family and friends are, money is a touchy subject. 

Applying for a personal loan for your further education can reduce the possibility of ruining precious relationships. It also allows you to pursue the course that you want, at your own pace

2. Personal Loans Offer Flexible Repayment

One of the greatest benefits offered by licensed money lenders in Singapore is the flexibility of their personal loans. As a borrower, you have flexible repayment options to pay off your loan, without straining your wallet. 

At Crawfort, you can choose to make either weekly, bi-weekly, payday, or monthly instalments for your personal loan. 

Thinking of borrowing from a licensed moneylender? Here are some things to consider. 

3. Personal Loans Are Unsecured Loans

Unsecured loans simply mean that you don’t need to submit any collateral. This means that you won’t risk losing any asset or valuables should you default on your payments. 

How much you can borrow depends on your creditworthiness in other words your ability to repay. Your creditworthiness is influenced by factors such as your credit history and other loan commitments

Unlike banks, licensed money lenders in Singapore are more lenient when it comes to looking at your credit score and credit history. So even if you have a bad credit history, you’ll still be eligible for a loan with a licensed money lender as long as you make timely repayments. 

If you’re worried about your financial standing, financial consultants at Crawfort will help you structure a loan plan tailored to your financial capacity.

Should you borrow from a licensed money lender or a pawnshop? Find out more about their differences here. 

4. You Won’t Drain Your Savings And Emergency Funds

You may have thought about using your savings or emergency funds to pay your course fees. 

However, it’s risky to do so as you never know when an emergency might hit. Taking out a personal loan for skills upgrading allows you to save up for rainy days and set aside cash for other needs. 

If you earn an annual income of less than S$20,000, you can still borrow up to S$3,000 from licensed moneylenders such as Crawfort. 

Here’s a table summarising how much you can borrow based on your income, as a Singaporean or permanent resident:

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

When Should You Take Up A Personal Loan To Upgrade Your Skills?

A personal loan can come in handy to help you fund your learning. Some courses may not be eligible for education loans or SkillsFuture Credits. Here’s a list of courses eligible for SkillsFuture Credit. 

Taking up courses in Singapore can be quite costly. For example, this part-time digital marketing course costs S$5,350. Your SkillsFuture Credit may not be enough to fund the course, even if it’s eligible for subsidy. 

Furthermore, SkillsFuture Credit only offers Singaporeans aged 25 and above an opening credit of S$500. Even though the Government has recently announced a one-time top-up of S$500 SkillsFuture Credit which expires in Dec 2025, it may not be enough to cover the course you’re keen on taking. With a personal loan, you’ll be able to pay the remaining balance with it. 

Want to know more about taking a personal loan to upgrade your skills? Read more about it here.

Begin your skills upgrading journey today with the help of a personal loan from Crawfort to secure a better future. 

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

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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 […]

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 […]

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
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 […]

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
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
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 […]

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

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