Cash Mart Pte Ltd is one of the very few licensed moneylenders in Singapore that strictly operates independently where clients information are kept fully confidential and not distributed. As a licensed personal loan moneylender in Singapore, we do not advertise nor solicit any advance fees for pre-approved loans through SMS, over the phone or emails. In case of any issues, contact us at 6397-4111 or

Quick Comprehensive Guide for
Payday Loan in Singapore

Your Privacy and Security, Protected

We take full measures to protect your identity.

Your Application is 100% confidential.

Small Loans, Big Solutions

Access extra cash when you need it the most from your online lending partner.

Short Term Loans

We offer the most flexible repayment terms you can meet with ease.

Money on Demand

Get your cash in less than 30 minutes after you signed your loan contract with us.

Trusted Transparency

From our online loan calculator to loan contract - we ensure no hidden charges!

Eligibility and Documents Needed
  • Loan applicant must be aged 21 years and above
  • Singapore Citizen or Permanent Resident
  • In employment
For Salaried and Commission-based Employees
  • Identification Card (NRIC)
  • Singpass Login
  • Proof of billing ( Any latest bill indicating residential address)
  • Latest 3 month original payslip (Only applicable if there is no cpf contribution)
  • Letter of employment (Only applicable for new employment)
For Self Employed
  • Identification Card (NRIC)
  • Singpass Login
  • Notice of assessment (NOA indicating trade income)
  • ACRA (Accounting/Corporate Regulatory Authority)
  • Proof of billing ( Any latest bill indicating residential address
For Taxi Drivers
  • Identification Card (NRIC)
  • Vocational license
  • Taxi pass
  • Min 7 days job summary
  • Proof of billing ( Any latest bill indicating residential address)

Monthly Installment Calculator

Get the numbers you need here.
How much do you want?
$ 5000
How long do you want it for?
Total Interest:

$ 180.00

Total Payment:

$ 5,180.00

Weekly Installment:

$ 1,295.00

We Take The Stress Out of Borrowing
With 4 Simple Steps

  • Sign-Up Online

    Fill up our loan inquiry form after using the online loan calculator. Get a call from our loan officer to schedule your visit with us.

  • Verify Information

    Visit us and bring your personal documents. Our loan officer will verify your information as part of our due process.

  • Get Funds

    Get your funds in as fast as 30 minutes after signing your loan agreement with us.

  • Repayment

    Make sure to repay your loan on time to get a hassle-free higher loan amount. Pay through PayNow, bank transfer or in-person.

How Personal Loan In Singapore Can Help You

What is a Payday Loan

A payday loan in Singapore is usually a multi-purpose cash loan.

You can manage unexpected expenses with this quick cash loan.

If you need extra cash for an unforeseen bill, an overseas vacation, or an amazing sale of your favourite brand, you can always depend on a payday loan.

With this quick cash, you won’t have to use your personal daily cash flow. Cash Mart payday loan bridges the financial gap until your next paycheque.

How Do Online Payday Loan Works in Singapore?

The good thing about payday loans in Singapore is there's no collateral needed. Since it is an unsecured loan, you only need to prepare lesser requirements.

When you get a payday loan, you must first check the loan calculator. Then you can sign up online. If you are pre-approved, you can head to the Cash mart office in the Balestier Road to finalize the loan process.

It's that simple!


Licensed money lenders knew that when a borrower applies for a payday loan, they are in need of instant cash.

Good thing, Cash Mart has a shorte loan application process. You can even get your cash within 30 minutes to an hour. Plus, you can receive your money either in cash or cheque, depending on your preference.

After receiving the quick cash, the staff will remind you of your payment dates. Paying off on time helps you build a high credit score. Also, it strengthens your financial relationship with Cash Mart.

As soon as you have paid off, you can apply for a new loan with a higher loan amount when applicable.


Which Payday Loan Should I Get?

The loan application process varies from every money lending company. The Moneylenders Act had a directive about the basic qualifications, documentation and procedure to follow.


Every loan application has to go through due process.

For an urgent cash need, an online payday loan is the easiest and fastest you can get.


Which is The Best Payday Loan?

An online payday loan in Singapore is the best financial tool for your emergency needs. But before you get started with the process, consider doing this:


Shop around every lender available.

Research and compare different money lending companies. After you have gathered all the details, that’s the right time for you to decide which is the best payday loan for you.

Don’t forget to check out the fees and charges inclusive in your loan. Understand the repayment plans offered by the lenders. And always choose what is most favourable for you.


Where Can I Get an Online Payday Loan?

Always get an online payday loan from the licensed money lenders in Singapore. These money lenders operate as mandated by the Moneylenders Act.

Also, check if the lending company is included in the Credit Association of Singapore (CAS). Take note that all registered money lenders are required to become a member of the Association as part of the agreement between the Registry of Moneylenders and CAS.


How Long Does a Payday Loan Approval Take?

Payday loan in Singapore is usually for emergency purposes. You can get your needed instant loan cash with the 1 Hour Payday Loan.

With this loan, you can receive the disbursed cash in less than 1-hour. It's because the online application only takes a minute. You will get a call or email from a loan manager once you are pre-approved.

If you repay on time, you can build a good financial relationship with your trusted lender. Thus, have the benefits of a better loan package for your future financial endeavours.


How Much Should I Take For a Payday Loan?

Like any type of loan, a payday loan in Singapore is a serious financial responsibility. You have to weigh the pros and cons before signing that contract.

Take into consideration the loan amount fit for your need. Make sure that you can meet the agreed repayment.

If you borrow a too small amount, you might need an extra loan sooner than expected. But, you might have a hard time to repay if you borrow too much.

Luckily, Cash Mart has an online loan calculator that lets you calculate the amount you need. You can also see repayment dates before signing up.


Apply only after checking the payday loan calculator.


Why Get an Online Payday Loan From Licensed Money Lenders?

Get your payday loan in Singapore from licensed moneylenders only.

With the increasing demand for loans, loan sharks are lurking everywhere. They use illegal ways of getting money and creating your financial sinkhole. Avoid them at all costs.


Most importantly, do not borrow from Ah Longs.

Don’t get tempted with their high loan amount and fast loan application. They don't even ask for the right documents. Their loans always come with a higher interest rate.

The Ministry of Law provided a strict regulation for people associated with Ah Longs. Beware of this.

Who Can Get a Payday Loan in Singapore?

Payday loan in Singapore is available for anyone who meets the eligibility requirements and has the proper paperwork.

As per the Moneylenders Act, licensed moneylenders must conduct a due process in every loan application.

This only shows that those who accomplish the legal loan process get approved for a payday loan.

If your loan application seems too easy and does not have any requirement, you’re dealing with a loan shark. Stay away from them immediately.

What is a Good Payday Loan Term?

There are a handful of money lending institutions to choose from, but don’t be confused. Look for a payday loan in Singapore offered by the trusted and registered cash lenders.


In addition, identify the exact loan amount you need. Based on that calculate how much you can afford to borrow and repay as scheduled.

Evaluate yourself on how long it will take for you to settle the full amount.

Make it a habit to compare online lending companies. Check out each money lending institutions eligibility requirements. Choose the one you that is readily accessible and you can meet all the requirements.

Be reminded that registered money lenders offer interest rates with a ceiling of 4% per month.

Do your part to search for the suitable payday loan offered by a reputable money lender.


How to Calculate a Payday Loan?

In Singapore, licensed money lending companies are highly regulated. This boosts the money lending industry in the country.

Both the borrowers and the lending institutions feel safe and secured for every transaction.

Add to that, the Ministry of Law applied unsecured loan caps for every individual. For example, a low-income borrower with less than $20,000 annual earning can only get a maximum loan amount of $3,000.


For a better understanding, here is a simple example:

Borrower X earns $1,500 a month, which means he earns $18,000 annually. This means he can borrow as much as $3,000 from licensed money lenders. If Borrower X takes out a $1,000 loan, he can only apply for $2,000 loan from another licensed lender.

While those individuals who earn more than $20,000 has an aggregated loan cap of 6 times their monthly salary.

To cite a better example, here is a scenario:

Borrower Y has a monthly income of $2,000, which means the annual income is more than $20,000. The maximum total loan amount he can claim is $12,000 from all the licensed money lenders in Singapore.

If Borrower Y loan amount of $4,000 gets approved, he can only apply for $8,000 from other registered lenders.


Take note: The loan cap only includes the capital loan amount. Other fees and interest charge are not yet included.


How Much Can I Claim for a Payday Loan in Singapore?

Since payday loans are unsecured loans. Licensed money lenders in Singapore strictly comply with the Moneylenders Act computation guidelines. Basically, your loan amount is based on your annual income.

Take note: Your annual income is based on your last three-month salary before your payday loan application.


To further understand, here is a possible circumstance.

Borrower X has no work for 1 month but started a job in June 2019. On August 2019, he applied for a $2,000 loan.

  • May 2019 - no salary
  • June 2019 - $2,700
  • July 2019 - $2,700

The annual income computation will be: 0 + $2,700 + $2,700 = $5,400

  • $5,400 ፥ 3 = $1,800
  • $1,800 x 12 = $21,600


With the annual income of more than $20,000, Borrower X can take out as much as 6 times his monthly salary ($16,200).


How Can I Use The Payday Loan Calculator?

A payday loan calculator is an important instrument for your loan application. You have to enter the amount you want to borrow and the repayment term applicable to you.

You have to consider your other financial responsibilities like monthly bills, food and transportation. Remember to budget your daily costs apart from your repayment plan.

When you use a loan calculator, you can have an idea if you can make it through your loan repayment. With this, you can effectively budget your funds and manage your obligations wisely.


How Helpful is a Payday Loan in Singapore?

Your payday loan is one of the best financial tools to regain your financial stability. It all depends on your financial skill and discipline.

Payday loan in Singapore is most helpful during unforeseen events and needs. Also, it can greatly help you build a healthy credit score.

Just be a responsible and diligent payer. Most of all, handle all your monthly financial responsibilities including your repayment scheme.

What Are The Reasons a Payday Loan Application Gets Declined?

Your payday loan application can be rejected for various reasons.


Typically, a low credit score gets your loan request declined.

Licensed money lenders need to qualify the loan applicant before approval. They verify the information with genuine and updated documents.


Afterwards, the information is submitted to the Moneylenders Credit Bureau (MLCB). Then, your credit report is produced and kept in record.

Take note that your credit report is your previous loan records. A poor credit score means you have an unsatisfactory payment behaviour.

It reflects that you’re a high-risk borrower and has a high chance of defaulting a loan. Moneylenders would most likely deny your request.

On the other hand, a high credit score shows you as a responsible borrower you are. There is a high chance of loan approval.


If you’re approved, the lender will take hold of your credit records for 5 years.

Aside from a low credit score, exceeded loan cap gets your payday loan application declined.

Remember that the Ministry of Law aggregated a loan cap on lending companies offering unsecured loans.

So, if you earn less than $20,000 a year, the allowed loan amount is up to $3,000. But if you earn more than $20,000, you can take up to 6 times your monthly salary.

Registered money lenders check if you have borrowed the maximum amount from other licensed lenders. If you do, you can expect for a rejected payday loan application.

On top of that, you get declined if you neglect to provide the complete requirements and accurate information.

How Can a Payday Loan Affect My Credit Score?

Regardless of the amount you borrow, you must pay off your payday loan in Singapore on time. Your payment behaviour is always reflected in your credit history.

It's because the licensed money lenders are mandated to update every borrower’s credit profile.

Is it Safe to Get an Online Payday Loan in Singapore?

With the strict implementation of regulations, licensed money lenders har to abide accordingly.


Every borrower’s safety, security and privacy is their top priority. These lenders can only disclose a borrower’s information to the borrower, Moneylenders Credit Bureau (MCLB), and the Registrar.


Same rules apply to registered money lenders offering online payday loans in Singapore.


Where can I Refinance my Payday Loan?

Your current lender can help you refinance your payday loan.


Your new quick cash loan will be used by the lender to close the old loan contract. This is possible as long as you settle your previous repayments as scheduled.

Are Payday Loan Lenders Open on Weekends?

Majority of money lenders are open only during the weekdays. However, your financial emergency can happen at any time of the day or any days of the week.

Luckily, there are licensed money lenders that allow borrowers to apply for a payday loan in Singapore even during the weekends.

Cash Mart's office is open on Saturdays while the borrowers can sign up for online loan application 24/7. Simple visit Cash Mart's website to start your application.


Are there Payday Loans Near Me?

You can simply apply for a payday loan in Singapore even at the comfort of your home.

Just apply for an online payday loan anywhere you are and any day of the week. Once an approval notification is received, you can visit the physical office of the moneylender. Read on the contract with full comprehension, sign it and claim your instant cash in no time.


Must-Dos during a Payday Loan Application

  • Always be rational. In whatever situation, being emotional will never help you. It will lead to bad decisions.
  • Never take any loan types from a loan shark. As of the moment, their offer may seem right but in reality, they will drag you down into more debts.
  • Check if it’s a licensed money lender. The Registry of Moneylenders released an official list of Licensed Moneylenders in Singapore. Take a look at it.
  • Use a loan calculator. Borrow only the needed amount and select a repayment plan you can confidently meet.
  • Study the interest rate. Licensed moneylenders are not allowed to charge more than 4% interest rate. If a higher interest rate is given, you’re dealing with a loan shark.
  • Ask for other fees. Licensed money lenders are expected to be transparent. All charges, fees and penalties must be indicated within the loan contract.
  • Beware of loan advertisements. Licensed moneylenders in Singapore are prohibited to advertise loan products and services. Whether it be through pamphlets, SMS, social media, or emails.
  • Browse the official website. The money lending industry in Singapore is highly regulated. Legal lenders can only promote their products and services online (on their own websites) and print directories in a physical office.
  • Understand the loan contract terms completely. Before signing the contract, ensure that you have read and understood everything.
  • Get a copy of your contract. Make sure that you get your own copy for safekeeping.

It is evident that more people demand quick cash loans.

Over the years, people get used to instant solutions. including loans. With this, Cash Mart invented a new loan in an uncomplicated procedure.

The Online Payday Loan in Singapore accommodates all types of borrowers in their favourable time.

Apply now and get over with your financial trouble!

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