When urgent expenses pop up—car repairs, medical emergencies, or sudden bills—having access to fast and legitimate loan platforms can be a lifeline. In Singapore, there are several trustworthy options offering speedy processing. Here are some prominent ones:

1. Crawfort – Instant Loan in ~8 Minutes

• Offers approval in as short as 8 minutes via MyInfo login with SingPass for auto-filled applications.

• Disbursement happens after a quick face-to-face verification at a branch.

• Trusted provider with over 200,000 loans disbursed since 2011 and recognized by the Singapore Prestige Brand Awards.

2. 1-Credit Hub – Personal Loans in 1 Day

• Licensed by the Registry of Moneylenders (MAS).

• Offers loans up to SGD 300,000 with approval in just one day, interest starting at 1–4%, over 12–18 months.

3. EZ Loan – Apply in 3 Minutes

• Online SingPass MyInfo application takes only 3 minutes.

• Get in-principle approval within 3 hours, then complete face-to-face verification to get your cash.

4. Quick Loan – Fast and Licensed

• Licensed, offering clear, transparent services.

• After applying online or via WhatsApp, meet a loan officer for profile verification and get instant funds.

5. ROSHI – Platform with 5-Minute Approval & Cashback

• Not a direct lender—connects you with banks and licensed moneylenders.

• Promises approval in 5 minutes, with some offers including up to 1% cashback or vouchers.

6. Shenton Credit – Instant Approval, Same-Day Cash

• Online application leads to approval via SMS within hours.

• Complete face-to-face verification at their Oxley Tower office and receive funds instantly.

7. EZ Moneylender – Same-Day Disbursement (30 Minutes)

• Offers instant loan approval with disbursement in as fast as 30 minutes.

• Applies to payday loans, personal loans 借錢平台; minimal paperwork and transparent low rates.

Quick Table: Comparison at a Glance

Things to Watch Out For

1. Licensing & Legitimacy

   • Always verify the lender is listed under the Registry of Moneylenders—MAS regulates licensed lenders in Singapore.

   • Beware of unlicensed lenders: they might offer flashy claims but operate illegally—approach with caution.

2. Interest Rates & Fees

   • Legal moneylenders are capped at 4% per month interest.

   • Platforms may still steer you to high-rate lenders, so always review terms carefully.

3. Required Documents & Repayment Terms

   • Most require NRIC/ID, payslips, bank statements.

   • Short-term loans often have higher effective interest, especially payday loans—borrow only what you can repay.

4. Face-to-Face Checks

   • All legally compliant moneylenders require an in-person check before disbursing funds, ensuring legal transparency.

Final Tips Before Borrowing

• Assess your financial ability—never borrow beyond your repayment capacity.

• Read loan agreements carefully to understand:

  • Total interest cost

  • Processing or early repayment fees

  • Repayment tenure

• If unsure, compare quotes from multiple providers or platforms to get the best deal.

• Always prioritize licensed, transparent, and reputable lenders to maintain your financial wellbeing.