How much I can borrow from the moneylender?

If you plan to obtain any loan amount or a bigger one, secured loans are the ideal option. As mentioned above, secured loans need a pledged asset or known as collateral. For an unsecured loan, please check the table below. Observe that your annual income matters on how much you can get.

For Singaporean / PR

Borrower’s Annual Income:

• Less than S$10,000:
  Loan Amount: S$3,000
• At least $10,000 and less than S$20,000:
  Loan Amount: S$3,000
• At least S$20,000:
  Loan Amount: Up to 6 x Monthly Income

For Foreigner

Borrower’s Annual Income:

• Less than S$10,000:
  Loan Amount: S$1,500
• At least $10,000 and less than S$20,000:
  Loan Amount: S$3,000
• At least S$20,000:
  Loan Amount: Up to 6 x Monthly Income