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SKM Credit

SKM Credit Review
(Product Review)

By Trinh Thanh SKM 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%

    SKM 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

    SKM Credit is a licensed moneylender in Singapore that specializes in personal loans, business loans and payday loans. It is committed to fast approval, transparent processes and offering flexible repayment terms, so SKM Credit is well recognized as a credible provider of financial solutions. It offers tailor-made loan packages at low-interest rates and provides professional customer service to borrowers, hence it is an excellent choice for fulfilling short-term cash flow requirements.

    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
    Best Licensed Moneylender
    Address
    1.88%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $938.64
    Check Eligibility
    HS Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    96BM 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
    1st Credit SG
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Crawfort
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    Soon Seng Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Kaiiron
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    Raffles Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    I Credit
    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

    SKM Credit Application Requirements

    Applying for a loan at SKM Credit is a simple and efficient process. 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 Employment Pass.
    • Have stable employment or a consistent source of income.
    • Maintain a good credit history without bankruptcy records.

    Documents Required:

    For Singapore Citizens and Permanent Residents:

    • NRIC (original)
    • Last 3 months’ payslips
    • CPF contribution statements or Notice of Assessment

    For Foreign Workers:

    • Passport
    • Valid Work Pass or Employment Pass
    • Proof of residence (e.g., utility bills or tenancy agreements)
    • Latest 3 months’ payslips

    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.

    SKM Credit Highlights

    • Rapid Approval on Loans

      Quick loan application approval for emergency financial needs within hours.

    • Customizable Repayment Plans

      The repayment plans can be adjusted based on individual financial situations.

    • Clear Terms

      No hidden fees or surprise charges in the fine print.

    • Licensed and Trusted

      Full license under the Ministry of Law makes your lending totally secure.

    • You get diverse loan options

      Personal, payday and business loans based on different needs.

    Frequently Asked Questions

    What is the maximum loan amount that I can borrow?

    Loan amounts are based on your financial profile and income level which will be assessed in the application process.

    How soon can I get my loan approved?

    Generally, within hours, upon receipt of all required documents.

    What are the requirements for foreigners?

    Foreigners must have a valid Employment Pass on their passport, proof of residence and payslips for verification.

    Does SKM Credit allow online applications?

    Yes, SKM Credit has a simple online application for your convenience.