Personal Loan For Foreigners

Yes, foreigners can apply for a loan in Singapore. Licensed moneylenders are an excellent option for a foreigner looking to obtain time-sensitive funds, especially when a bank loan may involve lengthy processes and stringent requirements. 

As a licensed moneylender in Singapore, we offer loans to foreigners. You can think of a foreigner loan as a type of personal loan designed for non-citizens who live and work in Singapore. Our basic requirements for this loan are simple—you must be at least 18 years of age with a minimum monthly income of SGD1,800. 

We’ll also require some personal documents to determine whether you qualify for a foreigner loan, including your valid Employment Pass or S Pass.

Yes, employment pass holders can apply for loans with licensed moneylenders in Singapore.  

Do note that your employment pass must have a 6-month validity period to be eligible for a loan. Our streamlined and hassle-free loan application process will let you receive your loan funds within 30 minutes, regardless of your nationality. 

At Quick Loan, we also accept S Pass holders who meet all our eligibility criteria and provide the necessary documents. These include your passport, proof of residence, payslips, bank token, employment contract and staff card.

During the in-person consultation, we’ll verify these documents and gather more information from you to determine the ideal loan amount and repayment plan for your needs.

All loan products at Quick Loan are unsecured, including our personal loan and big-ticket loan items.

The total sum of unsecured loans you may take at one time from different moneylenders depends on your income level. If you’re a foreigner making less than SGD10,000 a year in Singapore, you can borrow a maximum of SGD500 in unsecured loans. With an annual income between SGD10,000 and SGD20,000, you may take out SGD3,000 worth of unsecured loans.

Finally, an annual income of SGD20,000 a year entitles you to take out unsecured loans worth up to six times your monthly earnings.

Yes, if you’re a foreigner with a valid long term visit pass and residence in Singapore, you should have no trouble accessing fast instant loans from licensed moneylenders. 

As a foreign applicant, you must present your long term visit pass with a 6-month validity period. We’ll also need your passport, residence information, payslips, bank token, employment contract and staff card. These documents help us evaluate your eligibility and loan terms. 

Keep in mind, however, that licensed moneylenders in Singapore are subject to a quota—we may only give out loans to 35 unique foreign borrowers a month, should your annual income be less than $40,000.

Customers who make more than S$ 40,000 a year are not subject to the foreigner quota.

We recommend that you give us a call before coming down to our office.

Yes, S Pass holders qualify as working foreigners in Singapore. This makes them eligible to apply for loans from licensed moneylenders in the country, including personal loans, medical loans and more.

Besides S Pass holders, Quick Loan also welcomes foreign applicants with valid Employment Passes.  You can send an application to us online, through WhatsApp, or by visiting our office. 

We’ll provide you with a dedicated loan officer who will assess your application and conduct a free in-person consultation, where you’ll present all the required documents for a foreigner loan. 

Once your loan is approved, you can receive your funds instantly and look forward to an affordable repayment plan customised to accommodate your financial situation.

Yes, foreigners can apply for a personal loan without collateral at Quick Loan. We offer accessible loan options designed specifically for expats and work pass holders in Singapore — no assets or guarantors required.

Our application process is simple and transparent. As long as you meet the basic eligibility criteria (such as valid employment pass and proof of income), our team will guide you through the loan approval process and help tailor a repayment plan that works for your financial situation.

At Quick Loan, we’re committed to providing flexible, fair, and fast financing — whether you’re new to Singapore or have been here for years.