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Prosper Credit

Prosper Credit Review
(Product Review)

By Trinh Thanh Prosper Credit

Updated January 15, 2026

The product information in the comparison table is updated daily. We also update new insights, reviews and product information on a regular basis.

3.92%

Monthly Interest Rate

Cashback Rewards

Price Beat Guarantee

Varies
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Processing Fee

    Up to 6x

    Monthly Income

    $288.67
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Monthly Repayment

    Apply Now

    Current Moneylender Interest Rate Trends

    Today’s moneylender interest rate trends in Singapore – As of Thursday, January 15th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.98%

    Prosper Credit Product Review

    Compare Loan Offers
    from 20+ Lenders
    Up to 1% Cashback*
    $20 Grocery Voucher*
    Quick 5 Minutes Approval

    $1,000

    $200,000

    3 Months

    72 Months

    Total Cashback

    10

    Your monthly payment

    337

    Rate Disclaimer*

    *Based on a $20,000 loan at 6.95% APR over 5 years, read more

    Prosper Credit is a licensed moneylender with its head office located at Toa Payoh, Singapore. It offers fast and effective financial solutions. Professionalism, speed and customer satisfaction are what Prosper Credit stands for, with loan packages that fit various financial needs for personal, business or urgent expenses. Prosper Credit boasts competitive interest rates, flexible repayment terms and an application process with no hassle. It will ensure that borrowers of any financial background have a seamless experience. The customer-centric approach and dedication to transparency make it one of the favorites in central Singapore

    List of Licensed Moneylenders in Singapore (January 2026)

    All moneylenders listed below are authorised to operate legally in Singapore under the Moneylenders Act. They adhere to strict regulations set by the Ministry of Law including caps on interest rates, fees and ethical lending practices. Always verify a moneylender's license on the Ministry of Law's official website before proceeding with any loan application.

    Loan amount must be between 500 and 100,000.
    Tenure must be between 1 and 60 months.
    All
    All
    ROSHI Approved
    Low to High
    Low to High
    High to Low
    R2D Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    1AP Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Creditmaster
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    BST Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Raffles Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Quick Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Alpha-8 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    1st Credit SG
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Fast Money
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.5  
    $1,060.58
    Check Eligibility
    Valuemax
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 15 January 2026

    Prosper Credit Application Requirements

    To apply for a loan with Prosper Credit, applicants must meet the following criteria:

    • Be at least 18 years old.
    • Be a Singapore Citizen, Permanent Resident or foreigner with a valid work permit.

    Documents Required:

    For Employed Borrowers:

    • NRIC (Identity Card)
    • Last 3 months’ CPF contribution statements
    • Proof of salaries credited to the bank account for the past 3 months

    For Self-Employed Borrowers:

    • NRIC (Identity Card)
    • Last 2 years’ Notice of Assessment (NOA)
    • Proof of income (e.g., bank statements, commission slips or income slips)

    For Foreigners:

    • Passport
    • Valid work pass
    • Proof of residence (e.g., utility bills, rental agreements)
    • Proof of salaries credited to the bank account for the past 3 months

    PROMOTIONS

    APPLICATION PROCESS

    • Apply & Submit

      Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform

    • Document Upload

      Provide the necessary documents: your last 3 pay slips, a credit report from CBS or MLCB, and your IC/FIN details. Upload these files through your dashboard or email them to [email protected]

    • Application Review

      Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.

    • Compare Offers

      Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.

    • Lender Appointment

      After you’ve selected a loan option, we’ll assist in arranging an appointment with the chosen moneylender. Note that for moneylender options, assessment and disbursement must be completed in person at their branch.

    • Funds Disbursement

      Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.

    CreditMaster Highlights

    • Fast Approval Process

      Most of the applications get approved within hours for quick financial solutions.

    • Personalized Loan Packages

      Options to suit all of your financial needs.

    • Transparent and Affordable Rates

      Competitive interest rates without any hidden fees.

    • Accredited Money Lender

      Fully accredited under Singapore’s Ministry of Law for safe and secure borrowing.

    • Convenient location

      Aljunied outlet, office hours to see staff and online application services available.

    Frequently Asked Questions

    What kinds of loans does Prosper Credit grant?

    Prosper Credit grants a wide variety of loans, such as personal loans, business loans and debt consolidation loans, among many others, towards different financial needs.

    Who are eligible to apply for any loan at Prosper Credit?

    Any Singapore Citizen, Permanent Resident or foreigner aged 18 years old and above, with proof of regular income, can apply, even those with a bad credit history.

    What documents does a client need to provide when submitting a loan application?

    The required documents differ according to employment status. For employed persons, an NRIC, CPF statements and proof of salary are required. Self-employed applicants have to present their NOA and income statements. For foreigners, a passport, valid work pass, proof of residence and proof of salary are needed.

    How long does it take to process a loan application?

    Prosper Credit has ensured speedy processing, with most approvals completed the same day.

    Can people with bad credit apply for a loan?

    Yes, Prosper Credit accepts bad credit borrowers and decisions are made case by case.