5 Minutes Approval & Up to 1% Cashback*
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Quick 5 Minutes Approval
$20 Grocery Voucher*
Up to 1% Cashback*
$1,000
$200,000
3 Months
48 Months
$0.00
$13,200.00
$58,200.00
*Today's Moneylenders Rates - 15 January 2026
A bad credit loan allows borrowers with low credit score access to emergency cash when traditional banks would likeley reject them. These high-cost, short-term loans should only be considered as an absolute last resort during unforesable financial circumstances.
Bad credit loans do not require collateral and provide instant cash to borrowers in amounts usually ranging from anywhere between S$500-S$10,000. Very high monthly interest rate charges of anywhere between 2-4% per month should discourage irresponsible borrowing.
Consider lending options from licensed moneylenders versus banks:
Below are some of the main advantages of using bad credit loans when facing a financial emergency:
Online applications via ROSHI allow instant matches with licensed moneylenders willing to lend to low credit score borrowers. This saves time versus visiting mulitpe branches. Approvals can be completed within minutes.
Comparing different licensed moneylender rates and total repayment costs prevent high borrowing expenses.
In order to expedite your application provide three recent payslips and a credit report from either CBS or MLCB. Approvals happen quicker with full details provided versus missing critical documentation dragging out application processing.
If a specific emergency created current bad credit status, carefully explaining the circumstances may inspire lender empathy – especially from community-based financing groups.
Besides higher interest rate unsecured moneylender options, discuss possibilities of lower interest rate personal loans secured by a loan guarantor.
In Singapore, licensed moneylenders often approve scores around 630 minimum. Banks typically require higher scores starting from 670 plus.
Expect providing CPF contribution history, IRAS tax notices, recent payslips showing your NRIC, and letters from employers verifying employment.
For licensed moneylenders, interest rates range from 2% to 4% per month given caps under Singapore regulations. Banks charge relatively lower interest rates of about 3.5-5.5% per annum.
Licensed moneylenders can lend up to S$3,000 for up to 12-months repayment period and S$5,000 for a longer repayment period.
Most lenders structure repayment over maximum 5 years with equal monthly repayments. A few lenders might agree to stretch terms for very large consolidation loans.
Mastering your loan moves starts with understanding the real cost of borrowing. We believe in empowering you with the right knowledge to make smart financial choices, not quick fixes that lead to debt traps. Our commitment is helping you borrow wisely and stay in control of your money.
Read Our Borrowing Guide
.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
