Payday Loan

Bring Your Income Forward

Secure Your Payday Loan Through Singapore’s Most Trusted Moneylender

Borrow up to 6x your salary

Qualify with a minimum income of SGD 1,800

Choice of fixed or flexible payment

Affordable interest rates

What is a Payday Loan?

A payday loan is a short-term loan to provide you cash until your next payday. Usually, your paycheck will be used to pay off this loan.

Such a loan can come in handy when you have unforeseen expenses but don’t have enough cash till you get your paycheck later in the month.

Why Take a Payday Loan With Us?

Get Urgent Cash Quickly

We know that certain expenses just can’t wait. Here at Quick Loan, we’re the best licensed money lender in Singapore where you don’t have to worry about long applications and waiting times. That’s because the time from when you apply with us to the time you get your cash can all be within 30 minutes!

Low Interest

Because the interest for payday loans are charged only over the number of days till your next payday, you can expect to pay a lower amount for interest compared to other loans like personal loans.

We’re Ready to Support Your Financial Needs

30-minute

loan approvals

6X

your monthly salary

No guarantor

required

Cash

disbursed on the spot

Licensed

by Registry of Moneylenders

We’re Ready to Support Your Financial Needs

30-minute loan approvals

6X your montly salary

No guarantor required

Cash disbursed on the spot

Licensed by Registry of Moneylenders

Minimum Criteria

Unlike banks, we’re a licensed moneylender in Singapore with more straightforward requirements:

Minimum age:

18 years old

Minimum salary:

$1,800 for Singaporeans/PRs and foreigners

Documents We’ll Need

Singaporeans/PR

Singaporeans or PRs need to present the following:

NRIC

Singpass

If renting, provide both:

  • Your tenancy agreement
  • Proof of address such as your phone bill or utility bill

Payslips for the last three months, if available

Bank Token

Foreigners

Foreigners need to present the following:

S Pass / Employment Pass / Work Permit with a minimum 6-month validity

Passport

Residence information in the form of both:

  • Phone bill or utility bill
  • Tenancy agreement

Payslips for the last three months, if available

Bank Token

Employment contract

Staff card

3 Easy Steps to Applying for a Loan

Apply

Apply online

Apply at our office

Apply via Whatsapp

Free Consultation and
Signing of Agreement

Consult with us at our office, present required documents and sign the loan contract

Receive Cash

Get your cash on the spot with trusted & licensed money lender in Singapore!

Apply

Apply online

Apply at our office

Apply via Whatsapp

Free Consultation and Signing of Agreement

Consult with us at our office, present required documents and sign the loan contract

Receive Cash

Get your cash on the spot!
Hear From Our Happy Borrowers

4.9

5/5

Google Reviews

5/5

Excellent service

We are happy and very satisfied with their services. We have been with them for 5 years. The staffs are pleasant, very helpful to advise and help us.

Tng Pei Eng
5/5

Good Service

Borrowed from several moneylenders before but this one was probably the best! Fast response to my questions via their whatsapp always and good service

Emily Toh
5/5

Highly Recommended!

First time borrowing money from a moneylender, was a simple process and repayments are surprisingly affordable! Will come back again if need other funding in the future, highly recommend!

Kimberly Lim
5/5

Thanks for helping me!

Very good service. I have been with them for many years and they always provide me professional advices. thank you for your help whenever i need money to settle urgent bills. will definitely come back again.

Yau Soon Tin
FAQ About Payday Loan

A payday loan is a short-term and unsecured loan which you can use to cover expenses until your next salary or payday. 

 

You will receive a portion of your salary’s value in advance of the actual paycheck. Once your salary has been banked in, you can use it to pay off the loan immediately. This loan is ideal for unexpected or urgent expenses you cannot afford to delay until payday.  

 

Due to how payday loans work, these loans have a much shorter tenure. Accordingly, your interest will be calculated based on the number of days remaining until your next payday. 


At Quick Loan, you can apply for a payday loan in Singapore through a quick and easy online process, through WhatsApp or by visiting our office.

Licensed moneylenders  like us can offer you a payday loan, also known as a cash advance loan. This loan lets you borrow money as emergency funds to cover your expenses until you receive your next salary.  

 

All licensed moneylenders in Singapore are subject to the Moneylenders Act and are listed under the Registry of Moneylenders. We adhere to strict regulations on interest rates, fees and other charges. 

 

Payday loan applicants must be 18 years of age or older, with a minimum income of SGD1,800. Singaporean or PR borrowers must present their NRIC, SingPass, residence information, payslips and bank tokens. 

 

Foreign borrowers must provide a valid work permit, Employment Pass or S Pass. We’ll also need your passport, residence information, payslips, bank tokens, employment contract and staff card.

A payday loan is a fixed loan. This means that the interest rate and payment date are decided when the loan is taken and will not be changed. 

Since a payday loan is intended to be repaid in a lump sum, your interest rate is calculated according to the number of days remaining until your next paycheck. 

This means you can look forward to paying a lower interest amount than other loans with longer tenures, such as personal loans.

You may contact our team online to learn more about the interest rates, fees and other charges related to a payday loan. If a payday loan is unsuitable for your current needs, you may consider taking out a quick loan for extra funds.

Yes, you can get your payday loan approved on the same day at Quick Loan. 

 

We offer a range of quick loans where you can get your cash in 30 minutes. This means you can receive your funds on the same day you place your loan application. 

 

Our fast and hassle-free application process makes us a reliable choice if you need to access funds urgently.  

 

You can apply for a payday loan online, through WhatsApp or by visiting our office. We’ll invite you to a free consultation at our office, where you’ll provide us with all the necessary documents. 

 

Once your loan is approved, you may sign the agreement and receive your cash on the spot.

A payday loan with a licensed moneylender will not appear on your CBS credit report, which is commonly used by banks in Singapore. However, a payday loan might appear in credit reports from other agencies. 

 

The good news is that a payday loan is typically smaller in value, so you can clear it with your paycheck through a single lump-sum repayment. This means you’ll ideally not have to commit to a long-term payment schedule that would have an impact on your credit history. 

 

We advise you to commit to timely repayments of any loan you take to ensure a good credit score. You can take advantage of the low interest rates and flexible plans available at Quick Loan, which are designed to keep your instalments affordable.   


Get in touch with us to learn more about how payday loans work.

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