SKM Credit Review
(Product Review)

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

Loan Amount (S$)

Tenure (Months)

$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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SKM Credit Product Review

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.

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

How much do you want to borrow?

$1,000

$200,000

Over what period would you like to pay?

3 Months

72 Months

Total Cashback

10

Your monthly payment

337

Compare Latest Offers

Rate Disclaimer*

Based on a $20,000 loan at 6.95% APR over 5 years, total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%.

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*Based on a $20,000 loan at 6.95% APR over 5 years, read more total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%. show less

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 (S$)

Loan amount must be between 500 and 100,000.

Tenure (Months)

Tenure must be between 1 and 60 months.

Lenders AllROSHI Approved

Monthly Repayment Low to HighHigh to Low

Total Interest Low to HighHigh to Low

More Filters

Accredit

Address

3.92%

5.0  

$1,060.58

HS Credit

Address

3.92%

5.0  

$1,060.58

Horison Credit

Address

3.92%

4.9  

$1,060.58

JNB Credit

Address

3.92%

4.9  

$1,060.58

118 Credit

Address

3.92%

Grocery Vouchers

Up to 1% Cashback

4.9  

$1,060.58

Max Credit

Address

3.92%

4.1  

$1,060.58

Credit Excel Capital

Address

3.92%

3.9  

$1,060.58

Credit Culture

Address

3.92%

4.6  

$1,060.58

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