Fast Cash Loans in Singapore | Instant Funds Online
Affordable rates from 1-4%
Fast loan approval
Flexible repayment plans
Qualified loan officers
Our fast loan in Singapore helps you get your cash swiftly, easily, and conveniently.
What is an Instant Loan in Singapore?
A fast cash loan in Singapore is a type of personal loan from a legal money lender. It is a convenient solution for those who need additional funds, as it is obtainable without collateral.
Also known as quick loan and instant loan in Singapore, it is a flexible financial tool suitable for multiple needs, whether to pay urgent bills, cover additional expenses, or to tide your family over until payday. Being an instant cash loan in Singapore, it’s really instant — the entire application process can be completed in under 30 minutes, and you can receive same-day loan disbursement, too.
Loan for Quick Cash: Let Us Assist in Funding
Get the funds you need fast
No stringent credit checks required; all borrowers may apply
Versatile finance for any need
Gain peace of mind and focus on recovery
Uses of a Fast Cash Loan in Singapore
Unexpected expenses or bills
- When you notice extra charges being incurred in your bills
- When you or your family member undergoes a medical emergency
Car repairs
- When you need replacement parts due to wear and tear
- When you need to pay for routine maintenance costs
- When there’s a need for EV battery, windscreen or solar film replacement
- When you notice scratches or require a paint job
Home repairs or home appliance replacement
- When there’s an aircon breakdown
- When you have a spoiled refrigerator
- When your washing machine malfunctions
- When you need to replace your kitchen stove and hood
- When you want to upgrade your windows and doors
Medical emergencies
- When you have insufficient insurance coverage or have reached your MediShield limit
- When you need to pay for bills not covered by Medisave (such as ambulance fees, dental emergencies, etc.)
- When you experience pregnancy complications or congenital conditions
Travel expenses
- When you want to have a well-deserved holiday to unwind
- When you’re looking to book a family trip
- When you’re taking a trip to visit family and relatives during festivities
Fast cash loans in Singapore are highly flexible financial tools for a wide range of needs, you’ll never have to worry.
Our Straightforward 3-Step Process
Easy Application Online
Simply fill out the loan application.
Await Your Application Status
Wait for an update from our loan consultant (typically within the same day) to schedule an in-person interview to learn more about your financial requirements, finalise your application, and repayment plan.
Funds Disbursement
After contract signing, you’ll receive the funds via cash or PayNow.
Commonly Asked Questions — Instant Loans in Singapore
What are the benefits of an instant loan in Singapore?
Fast loan approval
“Instant loans” aren’t just a name; you really can get your loan virtually instantly. From loan application to funds disbursement, everything can be completed within the same day when you apply for a fast loan in Singapore.
At Synergy Credit, we can approve your loan request within 30 minutes and prepare your loan contract on the same day of your loan application. Once you visit our office to sign the loan contract, we can disburse your loan via instant bank transfer or give you the loan in cash. This is how you can get your instant cash loan in Singapore, instantly!
Higher approval rate
Did you know licensed money lenders do not require borrowers to have a good credit score? A legal lender will assess your financial stability by looking at your ability to repay, which means you have a much higher chance of getting your fast cash loan.
This is especially so compared to bank loans, where upon submitting a loan application, a credit score check is triggered. Interestingly, having several credit checks triggered this way will impact your credit score, so applying for multiple bank loans at once can actually hurt your chances.
As money lenders are not as particular about your credit history, you don’t have to worry about this happening when applying for a quick cash loan in Singapore.
Faster loan payout
As mentioned earlier, you can receive your instant loan in cash or via bank transfer – whichever is the most convenient and preferred option for you.
At Synergy Credit, our focus is to help you get the funds you need as quickly as possible. You can rest assured that when you apply for a quick loan in Singapore with us, we will do everything we can to give you a fast loan payout.
Flexible repayment reschedule
Our fast cash loans in Singapore are offered with flexible repayment schedules of up to 12 months, allowing greater wiggle room in determining how you repay your loan.
Who should apply for a fast cash loan in Singapore?
Anyone who needs additional cash to meet unexpected expenses, urgent bills or other financial commitments may consider applying for a fast cash loan in Singapore. Also, a fast cash loan can be a viable alternative for those who’ve been rejected for bank loans. Individuals who wish to improve their credit profiles can do so by repaying a fast cash loan on time.
How quickly can I get a fast cash loan in Singapore?
At Synergy Credit, it’s possible to get your fast cash loan within the same day of your application. Our focus is to get you the funds you need as quickly as possible.
How to secure an instant loan in Singapore and increase quick loan approval
Maintain a good credit history
While licensed money lenders do not require borrowers to have a good credit score, having a decent credit history will nonetheless be helpful in getting your instant loan approved. If you show a history of repaying past loans on time, this signals to the lender that you will also exercise the same level of care with the instant loan you are now applying for.
If available, use Singpass MyInfo
Doing so automatically retrieves your personal information during the loan application, making the process faster and more accurate. Otherwise, you will need to prepare and submit copies of personal documents such as your photo ID, bank statements, and proof of residence, etc. This will prolong the loan application and delay your loan disbursement date.
Check cash disbursement lead time
On a related note, check how long your lender takes to disburse your loan — the longer it takes, the later you will receive your funds. For best results, choose a lender that offers same-day loan disbursement, such as Synergy Credit, when it comes to quick loans in Singapore.
Limit your loan amount
Requesting a smaller loan is one way to increase your chances of success. That’s because smaller loans pose less risk to lenders, making them easier to approve. Hence, limit your loan amount and borrow only what you need.
Choose a reasonable loan tenure
The loan tenure is the duration of time over which you repay your fast cash loan. Choosing shorter tenures may result in overly large monthly repayments, increasing the chances of missed payments. Hence, choose a loan tenure that would allow instalments you can comfortably meet.
What is the interest rate on a quick cash loan?
Our quick cash loans’ interest rates are highly affordable, starting from 2.27% per month. However, this will vary depending on your loan amount, income level, and other factors.
Are there any additional fees when applying for a fast cash loan in Singapore?
When it comes to instant cash loans in Singapore, there are no hidden fees and the interest rate on your loan package is fixed. In addition to the interest charged on your loan, there is an admin fee of up to 10% of the principal borrowed. Also, note that late payments will incur a late payment charge of up to S$60, as well as late interest of up to 4% on the overdue amount.
Can an instant loan application be rejected?
Yes, an instant loan application may be rejected if you’re overly indebted or do not meet the qualifying criteria.
What are the reasons for a rejected instant loan application?
Some reasons your instant loan application may be rejected include:
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Having too many outstanding loans
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Exceeding the maximum borrowing amount
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Unsteady employment
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Ongoing legal proceedings
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Undischarged bankruptcy
What are the eligibility criteria for an online cash loan in Singapore?
In order to qualify for an online cash loan in Singapore, borrowers:
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Must be 18 years old and above
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Must have steady employment in Singapore
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Must be legally residing in Singapore
What documents will I need to provide during an online cash loan application?
| For Singaporeans/PRs | For Foreigners residing in Singapore |
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How to apply for an instant online loan in Singapore?
Follow these steps to apply for your instant online loan in Singapore:
Apply online or in person at our office
Wait for a call from our loan officer confirming approval of your loan application
Pay a visit to our office, bringing the required personal documents with you (see above)
Listen to an explanation of your loan terms (repayment period, interest rate, fees, etc.)
Once you’ve understood and are OK with everything, sign your loan contract
Receive your loan in cash immediately, or via bank transfer
