Business Loan
Business Loan
We understand that businesses require financial support to grow and thrive. Our Business Loans provide the necessary capital to fuel your entrepreneurial aspirations. Whether you're expanding operations, investing in new equipment, or managing cash flow, our flexible loan solutions are tailored to meet your business needs.
With competitive interest rates, customizable repayment terms, and a streamlined application process, securing the funds your business requires has never been easier. Our experienced team is here to guide you through the process, ensuring that you receive a loan that aligns with your goals and objectives. Take your business to new heights with our trusted Business Loan service.
Steps to apply for a loan
Submit request form
Visit the office
Our loan officer will listen to your loan request. He/ she will explain you the terms & conditions of the loan for your understanding
Signing the loan agreement
Once you agree with the loan amount, terms & conditions, our loan officer will help you to sign the agreement
Get your Loan
Once a contract is signed, you will receive the loan immediately.
Eligibility to take loan for Singapore citizen and PR
MINIMUM INCOME SHOULD BE S$1500
NRIC or any other Identity card
The key to your identification and official documentation, providing proof of your unique identity and personal information.
Residential proof
Utility bill, a letter addressed to you, and/or tenancy agreement.
Employment proof
Certificate of employment or last 3 months payslips.
Frequently asked questions
Bad credit history can cause you to miss out on potential opportunities. For instance, when applying for a loan or other type of financial assistance from a bank it may be rejected due to your low and/or poor scores.
Fortunately, Credit 89 (SG) Pte Ltd, is here as an expert legal money lending agency in Singapore that will assess your situation responsibly while considering the improvement of your current status.
That said, if you have a low or bad credit score, don't worry! Your options are still open. You can take out monthly installment loans to manage your finances and pay off debt quicker rather than taking on any more interest charges with high interest rates. Just be sure to ask our specialists about the best loan for your needs before proceeding so we can chat through all of your different possibilities together!
While most banks require at least a day for loan applications to be approved, legal lenders, We assure that you can get your cash shortly after an hour!
All licensed money lenders can charge a monthly interest rate up to 4% per month. This cap applies regardless of the borrower's income and the type of the loan (either secured or unsecured).
In addition, legal lenders are only allowed to impose the following charges and fees:
a fee not exceeding $60 for each month of late repayment;
a fee not exceeding 10% of the principal of the loan when a loan is granted; and
legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.
The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative, and late fee also cannot exceed an amount equivalent to the principal of the loan.
You can apply for more than one loan, making your application subject to evaluation to guarantee that you do not over-borrow and suffer from financial burden.
Identifying a legal money lender can easily be done by checking the list of licensed moneylenders in the Registry of Moneylenders, under the Ministry of Law in Singapore here.
Note that legal moneylenders will always perform due diligence and walk you through the process every step of the way to ensure the customers are fully aware and informed. It will not use threatening behavior and they will not also ask for your Sing Pass password or any delicate or sensitive information unless necessary.
Under the advertising rules, licensed moneylenders in Singapore are allowed to advertise only through these three channels:
Business or consumer directories (in print or online media)
Websites belonging to the lenders
Advertisements placed within or on the exterior of the moneylender's business premises.
All other channels are prohibited. Should you receive flyers, SMSs, emails, or other forms of advertisements, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed lenders.
A personal loan is a type of instalment loan, which allows you to borrow a fixed amount of money and pay it back with interest in monthly payments. Its amounts vary from lender to lender but what you qualify for is based on your credit health. It's ideal for medical emergencies, home renovation projects, vacation plans, and other big-ticket expenses.
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