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Magnus Credit Review

Magnus Credit Review
(Product Review)

By Trinh Thanh Magnus Credit Review

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%

    Magnus 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

    Magnus Credit Pte Ltd is a licensed moneylender in Singapore that offers hassle-free and efficient loan solutions for both personal and business needs. Interest rates start from as low as 1% per month for Magnus Credit’s affordable and flexible financial aid. The services offered include personal loans, payday loans, foreigner loans and business loans. Magnus Credit provides customers with a quick approval process and personalized service, which makes it a trusted choice for borrowers in 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
    1st Credit SG
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    1 Fullerton Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    1st Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.7  
    $1,060.58
    Check Eligibility
    Dio Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Synergy Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Hup Hoe Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Horison Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Soon Seng Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    MoneyPlus Capital
    Address
    2.89%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $998.04
    Check Eligibility
    1133 Moneylenders
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 15 January 2026

    Magnus Credit Application Requirements

    To apply for a loan at Magnus Credit Pte Ltd, applicants must meet the following criteria:

    Eligibility Criteria:

    • Be at least 21 years old.
    • Be a Singapore Citizen, Permanent Resident or foreigner with a valid work permit or passport.
    • Must not be an undischarged bankrupt or have ongoing bankruptcy proceedings.

    Documents Required:

    • For Employed Applicants: Must be permanently employed and contributing monthly CPF.
    • For Self-Employed Applicants: Must provide income tax assessments, ACRA registration or a valid vocational license.
    • For Foreigners/Expats: Must have a valid work permit or passport.

    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.

    Magnus Credit Highlights

    • Low Interest Rates

      From as low as 1% per month.

    • Fast Approval

      Loans are approved as soon as possible and paid out.

    • Types of Loans Offered

      Personal loans, payday loans, foreigner loans and business loans are the different loan options.

    • Flexible Repayment Plans

      Flexible terms to meet individual financial requirements.

    • Transparent Process

      No hidden costs, no extra charges.

    Frequently Asked Questions

    Why should I choose Magnus Credit?

    Magnus Credit is a reliable and convenient option for borrowers, offering low-interest rates, fast approvals and flexible repayment plans.

    How soon will I get my loan?

    Most applications get approved in about an hour, after which the funds are released right after signing your agreement.

    What kind of loans does Magnus Credit offer?

    It offers personal loans, payday loans, foreigner loans and business loans.

    Are there any hidden fees?

    No, Magnus Credit does not have any hidden charges or extra fees; it is a transparent organization.

    Where is Magnus Credit located?

    The office is located at 304 Orchard Road, #01-24 Lucky Plaza, Singapore 238863.