Loans for Bad Credit in Singapore |
We Welcome Anyone With Poor Credit

Efficient loan processing services

2-minute walk from MRT station

Affordable repayment solutions

Do You Have Poor Credit Standing?
Our Bad Credit Loans Are What You Need

Having a poor credit standing can be an obstacle when you need a loan, especially when it’s an emergency. At 96BM Credit, we hear you — which is why our bad credit loans in Singapore will appeal to you. When no other financial solution seems viable, our loans for bad credit are a lifeline for those who need cash urgently but have poor credit.

Loans for Bad Credit in Singapore | We Welcome Anyone With Poor Credit

What is a Bad Credit Loan in Singapore?

Also known as loans for bad credit or poor credit loans, bad credit loans are essentially personal loans designed for people with bad credit scores who cannot seem to get their loan applications at traditional banks and financial institutions approved.

Bad credit loans are a legal, alternative solution from private money lenders in Singapore that these individuals can fall back on almost all of the time.

Why Would You Need a Loan for Bad Credit in Singapore?

Why Engage 96BM Credit for a Bad Credit Loan in Singapore?

We welcome all bad credit borrowers, no matter how poor your credit standing may be. We don’t just specialise in poor credit loans; our comprehensive financial solutions comprise wedding loans, payday loans, and debt consolidation loans in Singapore. Since 2010, we’ve been a dependable lender with legal loans and services:

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We are highly-reviewed — we possess over 3,000 5-star Google reviews.

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We are affordable — we offer simple interest rates from 2.27% monthly.

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We are flexible — we provide loan packages with personalised tenure, loan amount and repayment option.

How to Apply

3 Effortless Steps to Acquire Your Funds

1

Apply

Apply

Visit our website and submit your loan application.

2

Application Status

Application Update

Get a notification on your loan application status.

3

Disbursement

Disbursement

Funds can be retrieved in as fast as 15 minutes once the loan contract is signed.

Bad Credit Loans in Singapore — Frequently Asked Questions

How do bad credit loans work?

How do bad credit loans work

Bad credit loans work just like any other personal loan — the funds are disbursed in one lump sum, less any administrative charges. Borrowers will have to make repayments via instalments to pay down their debt throughout their agreed loan tenure.

Just in case you didn’t already know, the funds from these loans for bad credit can be utilised for any need you want (e.g. rent, mortgage instalment, medical emergency, utility bills, home appliances, furniture, etc). There is absolutely no restriction on what you can use the money for or how you should use the money.

There are many reasons why someone with a poor credit rating might need to get loans for bad credit in Singapore where the cost of living is high and only going up.

Some possible reasons could include:

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Late salary payment

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Sudden loss of job

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Medical emergencies

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Home refurbishment costs

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Road accident

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Funeral costs

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Tuition classes for your children

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Pricey wedding-related expenses

While licensed lenders are more than happy to extend a helping hand by providing bad credit loans despite a borrower’s bad credit rating, you may want to consider applying for a reasonable, smaller loan sum to up your chances of getting an obstacle-free and fast loan approval.

Is it easy to obtain a loan for bad credit in Singapore

Yes, it is easy to obtain a loan for bad credit in Singapore if you know where to look for a trusty, experienced lender who offers fair rates, top-notch service, as well as transparent loan terms and conditions.

Absolutely, 96BM Credit is one of the best money lenders for poor credit loans. We’re a loan company that’s been in business since 2010 known for our commitment to provide the best customer experience for all our customers on all fronts.

Most money lenders charge an interest rate ranging from 1-4% per month for a bad credit loan. If loans for bad credit individuals are on your horizon, definitely try to get several loan quotes or offers from different lenders to comparison-shop before settling on the one with the best terms for your needs.

Nope, money lenders do not charge early repayment penalty fees for their loans —including bad credit loans— unlike traditional banks and financial institutions. Should you have the ability to clear your debt faster, definitely do so!

The eligibility criteria to get personal loans for bad credit from legal lenders like 96BM Credit is as follows:

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Be at least 18-years-old

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Is a Singaporean, Singapore PR, or a foreigner who’s working and living in Singapore

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Able to show proof of consistent income

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Able to show proof of residential address

Note: Some lenders require borrowers to be at least 21-years-old.

Singaporeans and Singapore PRs:

Foreigners:

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Identity proof (e.g. NRIC, passport)

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Income proof for the latest 3 months prior to loan application (e.g. Payslips, bank statements, commission statements, official income statements)

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CPF statements or Notice of Assessment from IRAS

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Work Pass

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Passport

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Address proof (e.g. Rental agreement, phone bill, utility bill)

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Income proof for the latest 3 months prior to loan application (e.g. Payslips, bank statements, official income statements)

While the same cannot be said for all lenders, an experienced licensed lender like 96BM Credit can disburse bad credit loans instantly once the borrower agrees and signs on the loan contract.

Obtain fuss-free bad credit loans.

If you’re on the hunt for easy, accessible loans for bad credit folks (i.e. poor credit loans) to tide over an emergency or two, 96BM Credit can help. Simply apply online to get started!