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ot credit review

OT Credit Review
(Product Review)

By Trinh Thanh ot 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%

    OT 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

    OT Credit is a well-known licensed moneylender in Singapore that is dedicated to providing relevant and transparent financial solutions. With a commitment to assisting individuals in overcoming short-term cash flow challenges, OT Credit provides a range of services in personal loans, payday loans and business loans. Borrowers can enjoy an easy application process and flexible repayment plans at relatively affordable interest rates. OT Credit is compliant with regulatory requirements of the Ministry of Law, which guarantees safe and reliable lending practices.

    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
    KST Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Majestic Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.5  
    $1,060.58
    Check Eligibility
    Raffles Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Capital Funds Investments
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Cash Direct
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    JNB Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Alpha-8 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Kaiiron
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    Magnus Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    118 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 15 January 2026

    OT Credit Application Requirements

    Applying for a loan at OT Credit is straightforward. To qualify, applicants must meet the following criteria:

    • Be between 18 and 65 years old at the time of application.
    • Have a stable source of income.

    Documents Required:

    • Proof of Identification: NRIC (for Singapore Citizens and Permanent Residents).
    • Income Proof: Copies of salary slips for the past three months or equivalent documentation showing a stable income.
    • Proof of Residence: Utility bills, tenancy agreements or other documents verifying your residential address.
    • Credit Bureau Report (CBS Report): A recent copy of your credit report.

    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.

    OT Credit Highlights

    • Quick Loan Approval

      Speedy approval process, sometimes within hours, to address dire financial situations.

    • Tailor-made loan packages

      Flexibility in the loan plan for divergent financial situations and varying repayment capacities.

    • Fair and Transparent Practices

      Clear terms with no hidden charges ensure peace of mind for our borrowers.

    • Licensed Moneylender

      Licensed by the Ministry of Law and is, therefore, expected to meet Singapore’s legal standards.

    • Diverse Loan Options

      Offers personal loans, payday loans, business loans and more to cater to a wide range of needs.

    Is OT Credit a licensed moneylender?

    Yes, OT Credit is fully licensed by the Ministry of Law in Singapore and has satisfied all the requirements as such.

    What kinds of loans are given by OT Credit?

    OT Credit gives personal loans, payday loans, business loans and many other financial products to suit different purposes.

    How long does it take to get the loan approved?

    Loan applications are usually approved within hours for faster access to funds.

    What are the documents required to apply for a loan?

    For Singaporeans and Permanent Residents, their NRIC, recent payslips and CPF or tax documents are required. Foreigners are required to produce a valid passport, work pass and proof of residence.

    Can I apply online for a loan?

    Yes, OT Credit has an online application form for a hassle-free and fast submission.