A foreign loan is eligible to individuals who are not permanent residents or citizens in Singapore. If you are a foreigner working in Singapore, you might experience financial difficulties before your next pay check, therefore meeting financial needs can be tricky.
Our loans can be used to meet any types of emergencies and these may include; education fees, medical bills, living expenses or urgent cash remittance due to emergency situation back at home.
Foreigner loans just like the other types of loans normally attracts an interest. Foreigner loans can attract an interest rate higher than the standard loans in a number of cases. This is because mostly the foreigner does not have any collateral to put up. This means it is considered a high risk loan and therefore, the loan interest rates are high. However, when you are shopping for foreigner loans, you should compare different lending institutions so that you can choose one with a lower interest rate.
Foreigners no longer need to be worried about being unable to borrow money when they experience financial problems. Online resources have made it easier for people to apply for loans quickly and conveniently without the hassle that is associated with alternatives such as bank loans. A financial emergency can often be difficult to deal with, especially if someone is working or studying in a foreign location. In the past it has been quite difficult for foreigners to get personal loans but not now.
Don’t give up, pack and leave Singapore. This is not the time to get desperate. It is time to look for the best solution for your problems – our foreigner loan.
We offer a simple solution for foreigners seeking some quick money in Singapore. Our foreigner loan is designed to provide foreigners with the money they need in the shortest time possible. We’ve made the process so simple that you only have to fill in a single application form and you can do it online. Upon receiving the application, our loan officers will give you a call back to arrange for an appointment at our office.
To apply for this loan, you’ll need to provide:
- bank statements
- employment information showing full time employment
- other income documents, such as recent 3 months of your pay slip
- a valid employment pass in Singapore such as S Pass, E Pass, Entrepreneur Pass or any miscellaneous valid work pass or permit
- a valid passport
- proof of billing (e.g. any bills with your residential address printed)
Once you submit all documents, Credit King will review them for approval. If you’re eligible for the loan, you’ll sign a contract of your agreement.