Fast Cash Loans in Singapore At Your Aid Instantly
Instant loan approval in mere minutes. Repayment schedules of up to 12 months. Established since 2010.
What Does “Instant Loan”, “Fast Loan”, or “Quick Loan” Mean?
Instant loans, fast loans, and quick loans essentially mean the same thing.
These loans are personal loans boasting fast approvals and fund disbursals. How fast? Try a few minutes, especially if you’ve prepared the supporting documents for your instant loan in Singapore. It can be secured or unsecured, depending on how much you wish to borrow. Unsecured cash loans in Singapore have a hard cap of six times your monthly income.
If you’re encountering an emergency and have no access to immediate funds, a fast loan in Singapore may be your best bet. Don’t feel cash-strapped any longer when you have a quick loan to back you up.
Low on money but have an urgent situation to tend to? Don’t let your finances stop you — let a fast loan help.
How Does an Instant Loan in Singapore Come in Handy?
When you need instant cash, real fast
Quick loans in Singapore are specifically designed to provide instant funding to those who need it urgently. Compared to other loans, this means less waiting time to get the much-needed cash. At Galaxy Credit, you can get instant cash loans in 5 minutes, in person or via bank transfer.
When you want to submit an application, the fuss-free way
The nature of instant online loans in Singapore lets you apply with ease from the comfort of your home, through a simple form or to make things even quicker, Singpass Myinfo. To top it off, fast cash loan applications require minimal documentation and no need for exhaustive credit score checks, just standard credit assessments!
When you’re looking to repay a loan, at your terms
Fast cash loans in Singapore are all about flexible repayment plans. Legal money lenders in Singapore will consider each individual’s financial requirements before recommending a repayment plan. If you have specific terms in mind, we’re all ears, too!
When you’d like to get a loan amount, of your choice
The flexibility of our quick cash loans doesn’t just lie in repayment plans, but loan amounts, too. We offer various available loan amounts across varied loan tenures, all for your choosing! However, bear in mind that your approved loan amount is subject to approval.
What Can Quick Loans in Singapore Be Used For?
Quick cash loans in Singapore can be used for the following six purposes (and more, of course):
Emergency Medical Expenses
If your child has fallen gravely ill or your parents have been badly injured, instant loans in Singapore alleviate the financial burden of the medical bills. As children and the elderly are the least likely to have insurance coverage, you’re taking on the full brunt of the medical bill. Instant cash loans in Singapore can cushion a significant portion or all of it.
Sudden Vehicle Breakdowns
If your car or motorcycle has multiple parts that need to be replaced or repaired after breaking down, the bill can balloon quickly. Quick loans in Singapore cover this hefty cost for you, as every motor insurance policy covers accidents on the road only. If your vehicle breaks down suddenly, you’re on your own, which is why cash loans in Singapore are so important.
Ad-Hoc Home Repairs
Should a water pipe burst at home or if a fire breaks out, there’ll be more than a few fixtures and fittings which need repairs. This doesn’t come cheap, especially on short notice. Fast cash loans in Singapore help you shoulder this sudden, large expenditure and break up the upfront cost into more manageable monthly repayments.
Investment or Business Opportunities
Running a business and/or actively growing your wealth? You know how important it is to capitalise on an opportunity when it presents itself. If you need capital at a moment’s notice, an instant online loan in Singapore is your best bet. It’s possible for you to obtain the necessary funding and sign a deal or purchase shares within a day.
Urgent Family Crises
Misfortune can befall our loved ones not only in the form of illness or injury, but also at work or in their personal lives. For example, falling for a scam or not receiving their salary for months. An online cash loan in Singapore enables you to help them greatly in navigating through their crisis and provides them with some peace of mind.
Essential Large Purchases
It’s always possible for appliances and electronics at home to break down beyond the point of repair. These include your air conditioner, refrigerator, and computer. Replacing them requires you to fork out a four to five-digit sum right away. With instant cash loans in Singapore, you can make these essential purchases and turn one large payment into multiple instalments.
Why Apply for a Fast Cash Loan in Singapore With Us?
Acquire the much-needed funding instantly
If you’re facing a sudden crisis or a fleeting investment opportunity, you need extra funding immediately. Enter Galaxy Credit’s instant cash loans in Singapore. Whether you’re applying for your cash loans in Singapore online or in person, your application can be approved in as fast as several minutes.
Remain in good hands with a trusted lender
Galaxy Credit is a reputable licensed money lender offering instant online loans in Singapore and much more since 2010. Our team of loan officers and consultants possess over a decade of experience, ensuring that they are able to offer a loan plan that meets your financial needs adequately.
Repay comfortably without hurting your wallet
Our private money lending rates begin from 2% and are capped at 4% monthly, as per MinLaw’s guidelines. We’re also open to all kinds of repayment plans — be it lump-sum payments or regular monthly instalments. This means you don’t have to worry about breaking the bank, and can easily put your worries of snowballing debt to bed.
Dedicated and attentive service
We’re dedicated to providing our customers with personalised financial guidance, and will only offer repayment plans that fit your financial circumstances. Our loan consultants pay attention to your needs, while our debt collection officers are understanding and patient.
Ready to apply for an instant loan in Singapore? Kickstart your application today!
FAQs About Fast Cash Loans in Singapore
What are instant loans in Singapore?
Instant loans in Singapore are personal loans (unsecured or secured) which are approved and disbursed swiftly. At its fastest, only a few minutes are needed for the online loan in Singapore application, approval, and funds disbursal. This is crucial if you require cash urgently.
What should I consider before taking up fast cash loans in Singapore?
If you can access funding quicker than instant cash loans in Singapore, such as pawning your valuables or borrowing money from a loved one, do consider it. Alternative financing options can be quicker than instant loans in Singapore, depending on your choice. Remember, you still need time to gather your supporting documents and submit an application. Read our guide on things to know about getting a fast loan in Singapore.
What’s the borrowing limit for quick cash loans in Singapore?
Quick cash loans in Singapore have a borrowing limit that’s up to six times your monthly income. Here’s how the loan limits look like for different individuals:
Annual Income | Singapore Citizen/Permanent Resident | Foreigner Employed in Singapore |
Below S$10,000 | S$3,000 | S$500 |
S$10,000 to S$19,999 | S$3,000 | S$3,000 |
S$20,000 and above | Six times your monthly income | Six times your monthly income |
What’s the interest rate for cash loans in Singapore?
Online loans in Singapore and other loan types from Galaxy Credit are subject to a maximum interest rate of 4% a month. However, the exact interest rate for your online cash loan in Singapore depends on factors such as your monthly income, loan history, and credit score (if you submitted your credit report as a supporting document).
Do I have to pay any additional fees when applying for an instant online loan in Singapore?
Licensed money lenders like Galaxy Credit are transparent when it comes to fees levied on online cash loans in Singapore and every other loan type. Illegal money lenders are opaque and will resort to dishonest means to force you into taking up an unreasonable loan offer with questionable or unjustified fees.
Rest assured that no application fees are charged for your online loan in Singapore. Other than fees regarding late repayments or defaulting on your loan, you’ll only be charged a processing fee of up to 10% of the loan principal amount when it’s granted to you.
How do I know if I’m eligible for fast loans in Singapore?
To be eligible for fast cash loans in Singapore, you need to be:
- At least 18 years old.
- A Singapore Citizen, Permanent Resident, Employment Pass or S Pass holder.
- Drawing a stable income. E.g., employed full-time or part-time, owning a business, drawing a regular commission, etc.
- Legally residing in Singapore. I.e. renting or owning a home here.
These criteria ties in with the supporting documents needed to apply for an instant online loan in Singapore. For example, a utility bill with your name and address to prove that you’re living here.
How do I apply for fast cash loans in Singapore?
Submit your fast cash loan application online together with all your supporting documents.
Be notified of your fast loan application status within 20-30 minutes.
Visit our office to sign the fast loan offer and receive your funds via PayNow or cash.