The best foreigner loans in Singapore

Living and working in a foreign country is no easy feat. From meeting new people to experiencing new cultures and working in a completely different environment, starting anew in a foreign country can be scary for most people. Foreigners and expats working in Singapore also have to face a multitude of challenges such as sky-high rentals and exorbitant medical fees among other living expenses. Surviving in our little red dot is not easy at all as we are one of the most expensive cities in the world.

What happens when an emergency strikes? It could happen to you or your loved ones back home that might put you temporarily out of work in Singapore. In times like these, you would need access to a sum of money that can help tide you over this period.

If you are looking for an affordable and convenient foreigner loan in Singapore, Galaxy Credit has got you covered. In this article, we share everything you would need to know to go about applying for a reliable and fuss-free foreigner loan with us.

The best foreigner loans in Singapore

Living and working in a foreign country is no easy feat. From meeting new people to experiencing new cultures and working in a completely different environment, starting anew in a foreign country can be scary for most people. Foreigners and expats working in Singapore also have to face a multitude of challenges such as sky-high rentals and exorbitant medical fees among other living expenses. Surviving in our little red dot is not easy at all as we are one of the most expensive cities in the world.

What happens when an emergency strikes? It could happen to you or your loved ones back home that might put you temporarily out of work in Singapore. In times like these, you would need access to a sum of money that can help tide you over this period.

If you are looking for an affordable and convenient foreigner loan in Singapore, Galaxy Credit has got you covered. In this article, we share everything you would need to know to go about applying for a reliable and fuss-free foreigner loan with us.

What is a foreigner loan?

A foreigner loan is a loan offered to foreigners working, studying and living in Singapore. The process of applying for a foreigner loan is actually pretty similar for a foreigner and a Singapore Citizen. The main difference would be in the qualifying criteria, which we will touch on in a bit.

If you are an expat in this bustling city and are struggling to make ends meet, Galaxy Credit is here to help. We understand the struggles of an expat trying to make a living in Singapore especially with our rising cost of living. Taking a bank loan is tough, as they usually would require collateral. It is unlikely that you would have property or assets in Singapore to help you take out a bank loan since your salary would be the only security you have. 

As such, Galaxy Credit’s foreigner loans are a quick and affordable option if you are in need of financial assistance.

Applying for a foreigner loan

The specific criteria for applying for a loan varies depending on which financial institution you approach. To apply for a foreigner loan with Galaxy Credit, all you need is to meet these simple criteria:

  • Be at least 21 years old and above
  • Have a valid Singapore Work Pass (PEP, S Pass, or E Pass)
  • Have a full-time job and be able to provide an employment letter from your company
  • Provide a proof of residence such as a residential tenancy agreement, PUB bills, phone bills or other utility bills
  • Provide a proof of income by supporting with payslips and recent bank statements

If you fulfil the criteria above, you can head on down to our office at Blk 709 Ang Mo Kio Ave 8, #01-2595 Singapore 560709. We are open every Monday to Saturday from 11.30am to 8pm.

Our friendly customer representative will carefully assess your finances and work out a customized package best suited for your needs. We strive to keep our loan processes swift and simple so that expats can get the financial assistance they need in the shortest time possible. You can also apply online on our website at www.galaxycredit.com.

Why choose Galaxy Credit?

A legal and trusted loan company

Before taking out a loan, it literally pays to do your research well and look for a trusted moneylender or financial institution that can offer you a loan best suited for your every need.

Galaxy Credit is a licensed moneylender registered under the Ministry of Law. We have a wide variety of loans for every personal or business need. We take every single loan application seriously and aim to provide a reliable and delightful experience for our customers. Who says that applying for a loan has to be tedious and time-consuming? At Galaxy Credit, our affordable loans and great customer service are what keeps our customers satisfied and continue to return time after time over the years.

By choosing Galaxy Credit, you are choosing a team of professional and trusted loan experts who put your needs as our priority. We understand just how difficult it can be for expats who are struggling financially to seek a safe and reliable loan option to help them through difficult times. When you choose Galaxy Credit, you are choosing a peace of mind and a reliable partner for financial assistance.

Low interest rates

At Galaxy Credit, while our committed team of loan experts strives to keep our loan processes short and simple, we also keep our interest rates low and competitive. We offer low and simple interest rates from just 2.27% per month, subject to approval.

In the event of an emergency, the last thing you would want is to chalk up high interest rates from bank loans or credit cards. As a licensed reputable moneylender in Singapore, Galaxy Credit strictly adheres to the Moneylenders Act and cap our interest rates at 4% per month.

Our foreigner loans do not require any collateral, which makes our loans accessible to expats in need of urgent financial assistance.

Flexible repayment terms

Our foreigner loans are short-term loans meant to help tide expats through a temporary cash flow issue. Although they are short-term loans, our repayment terms can be stretched up to a year, depending on your loan amount and your ability to repay it. Our team of friendly loan experts will work out an ideal repayment term with you when you apply for a foreigner loan with us.

Say goodbye to your financial woes and hello to a more convenient and fuss-free loan option. Regardless of your financial needs, Galaxy Credit is here to help with a reliable foreigner loan. Our service is built on trust and passion to serve our customers. If you are looking for a quick and simple foreigner loan, contact us to find out more about your options today.

Galaxy Credit

Galaxy Credit & Investments Pte Ltd leverage on the expertise to offer a set of realistic loan solutions that help you alleviate your financial liabilities whether it is personal or business.
License Number 181/2019

SERVICES

  • Personal Loan
  • Payday Loan
  • Business Loan
  • Debt Consolidation Loan

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