Soon Seng Credit

Soon Seng Credit Review
(Product Review)

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Updated 05 Jan 2026

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Glossary

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Useful Resources

05 Jan 2026
|

Fact-checked

Disclosure

Glossary

Useful Resources

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

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Soon Seng Credit Product Review

Soon Seng Credit is a licensed moneylender located in Chinatown, Singapore, with over 27 years of experience in the industry. Registered with the Ministry of Law, they have earned the trust of over 8,500 satisfied customers, disbursing more than $44 million in loans. Soon Seng Credit offers a wide range of financial solutions, including personal, business, renovation and medical loans. Known for their transparent terms, personalized service and quick processing, they are recognized as the highest-reviewed moneylender in Chinatown, prioritizing confidentiality and customer satisfaction.

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Tuesday, July 28th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.68%


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

List of Nearby Licensed Moneylenders

Here are licensed moneylenders located nearby. All lenders listed are verified with the Ministry of Law and regulated under the Moneylenders Act.

Loan amount must be between 500 and 100,000.
Tenure must be between 1 and 60 months.
More Filters
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
3.92%
5.0  
$1,060.58
3.92%
5.0  
$1,060.58
3.92%
Grocery Vouchers
Up to 1% Cashback
4.9  
$1,060.58
3.92%
4.6  
$1,060.58
3.92%
5.0  
$1,060.58
3.92%
5.0  
$1,060.58
3.92%
5.0  
$1,060.58

All lenders verified against Ministry of Law registry. Last updated: July 28 2026.

Soon Seng Credit Application Requirements

Applying for a loan at Soon Seng Credit is straightforward and accessible.

Eligibility Criteria:

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

Documents Required:

  • NRIC, FIN or Passport.
  • Proof of residence (e.g., utility bill, tenancy agreement).
  • Proof of employment or income (e.g., payslips, CPF statements or Notice of Assessment).

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.

Soon Seng Credit Highlights

  • 27 Years of Experience

    Trusted by thousands of clients across Singapore.

  • Fast Loan Approval

    Quick and efficient processing for urgent financial needs.

  • Wide Range of Loan Options

    Offers personal loans, business loans, medical loans, renovation loans and more.

  • Transparent Terms

    No hidden fees and clear repayment plans.

  • Customer-Centric Approach

    Professional and personalized services tailored to individual needs.

Frequently Asked Questions

Is Soon Seng Credit a licensed moneylender?

Yes, Soon Seng Credit is registered with the Ministry of Law in Singapore.

How fast can I get my loan approved?

Loan approvals are typically processed on the same day, ensuring quick access to funds.

What types of loans does Soon Seng Credit offer?

They provide personal, business, renovation, medical, study and other specialized loans.

What documents do I need to apply for a loan?

Applicants need to provide their NRIC/Passport, proof of residence and proof of income (e.g., payslips, CPF statements or NOA).

Where is Soon Seng Credit located?

Soon Seng Credit is located at 1 Park Road, People’s Park Complex #01-21, Singapore 059108.