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.

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?

No Credit Score or Credit Rating Discrimination

We have a strong belief in providing financial help, especially in dire times. At 96BM Credit, we do not discriminate and provide equal access to credit. You’ll come across a handy poor credit loan that’ll help with your financial situation.

Available to People From All Walks of Life

Regardless of your income and nationality, our bad credit loans in Singapore are extremely accessible to every individual. Our team of friendly consultants are more than happy to help bad credit borrowers.

Minimal Documentation Requirements

We’re a reliable money lender in Singapore who is more lenient with our loan application requirements. From no minimal income requirements to borrowing from as young as 18 years old — our poor credit loans are suitable for many borrowers.

Speedy Loan Application and Turnaround

Offering loans for bad credit in Singapore isn’t just our only strong suit, but also we’re quick and efficient in our loan processing services and disbursement. On a case-by-case basis, same-day loan disbursement is available*

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:

We are highly-reviewed — we possess over 3,000 5-star Google reviews.
We are affordable — we offer simple interest rates from 2.27% monthly.
We are flexible — we provide loan packages with personalised tenure, loan amount and repayment option.

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How to Apply

3 Effortless Steps to Acquire Your Funds

1. Apply

Visit our website and submit your loan application.

2. Application Update

Get a notification on your loan application status.

3. 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?

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.

Who might need loans for bad credit in Singapore?

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:

Late salary payment
Sudden loss of job
Medical emergencies
Home refurbishment costs
Road accident
Funeral costs
Tuition classes for your children
Pricey wedding-related expenses

How to improve your chances of obtaining a bad credit loan in Singapore

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.

Do money lenders offer loans for bad credit?

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.

What’s the interest rate of a loan for bad credit in Singapore from money lenders?

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.

Do money lenders charge early repayment penalty fees for bad credit loans?

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!

What are the eligibility requirements when applying for a bad credit loan in Singapore?

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

Be at least 18-years-old
Is a Singaporean, Singapore PR, or a foreigner who’s working and living in Singapore
Able to show proof of consistent income
Able to show proof of residential address

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

What are the required documents for a bad credit loan in Singapore?

Singaporeans and Singapore PRs:

Identity proof (e.g. NRIC, passport)
Income proof for the latest 3 months prior to loan application (e.g. Payslips, bank statements, commission statements, official income statements)
CPF statements or Notice of Assessment from IRAS

Foreigners:

Work Pass
Passport
Address proof (e.g. Rental agreement, phone bill, utility bill)
Income proof for the latest 3 months prior to loan application (e.g. Payslips, bank statements, official income statements)

How fast are bad credit loans disbursed?

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!

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