Send us your loan application to find out more about our loan services! Not to worry, by sending us this application form, it does not mean that you have taken on a loan.
Sending in your application form is just to indicate that you are interested and will like to know if you are eligible for a loan. Based on the information that you have submitted in the form, we will then get in touch with you within a day to let you know.
Ministry of Law
|Borrower’s annual income||Singapore Citizens and Permanent Residents||Foreigners residing in Singapore|
|Less than $10,000||$3,000||$500|
|At least $10,000|
and less than $20,000
|At least $20,000||6 times monthly income||6 times monthly income|
Based on the current laws as of 24 July 2020, the amount you can borrow depends on your income. Please refer to the table above to find out more.
Please also note the following charges:
- Up to 10% administrative fee when you take the loan.
- Interest rate of up to 4% per month.
- Late interest of up to 4% per month.
- Late fee of $60 per month.
As you can see, the late charges are quite hefty. Therefore, please try to ensure that you make your loan repayments on time. This can help you to avoid having to pay additional costs.
To check if a company is a licensed money lender, you can do so here. This list is regularly updated by Ministry of Law to reflect the current operating money lenders.
Unlicensed Money Lender aka Loansharks
If you are approached by any one claiming to be a legal money lender, please know that they are not. How do we know this for sure? That’s because Ministry of Law does not allow any forms of soliciting for loans. This includes cold calling, approaching you on the streets or even calling existing customers.
Please be very careful when you are taking a loan. Do not go for convenience. Always ensure you find out more about the company before sending any private information. It is very rare for any licensed money lender to ask you for your personal information over the phone. This is due to the PDPA law.
Always approach a licensed money lender to ensure that you know who you are dealing with. And of course, because licensed money lenders must operate via an approved office space.
Unsure if you have encountered an illegal money lender aka loanshark? That’s ok, you can give us a call and we will happy to help you figure it out. Not to worry, there is no cost to this. We are just providing a service to the people to help prevent loanshark issues.
KBB Credit SD Pte Ltd
We are a licensed money lender in Singapore. We have been operating as one since the year 2010. You can be certain that if we are able to last more than 10 years, we are definitely one of the better money lenders in the country.
Visit our office to today if you are looking for a good money lender near you!
Our office is located at 111 North Bridge Road #01-35 Peninsula Plaza Singapore 179098. You can also call us at +65 6255 6998 for any questions that you may have! We will be happy to help you solve your problems.