To be eligible, the loan applicant must be:

• A Singaporean Citizen, a Permanent Resident, or a foreigner with a valid working permit.
• At least 21 years old.
• Have not declared bankruptcy or will be facing a bankruptcy proceeding in the near future.
• Employed with CPF contribution or can provide payslips for the last 3 months and self-employed with the income tax assessment, ACRA, NEA license (if any) or vocational license (if any).

As mandated in the Moneylenders Act, you can borrow:

• Up to $3,000 if you are a Singaporean or a Permanent Resident earning less than $20,000 a year.
• Up to 6 times your monthly income if you are a Singaporean or a Permanent Resident earning $20,000 or more a year.
• Up to $500 if you are a foreigner residing in Singapore earning less than $10,000.
• Up to $3,000 if you are a foreigner residing in Singapore earning less than $20,000.
• Up to 6 times your monthly income if you are a foreigner residing in Singapore earning $20,000 or more a year.

For Salaried and Commission-based Employees 

1. ID Card (NRIC)
2. Any latest bill indicating your current residential address (Proof of Billing)
3. Latest 3-month original payslip if you have no CPF contribution
4. Letter of employment if you are a new employee

For Self Employed

1. ID Card (NRIC)
2. Notice of Assessment  indicating trade income
3. Accounting/Corporate Regulatory Authority (ACRA)
4. Any latest bill indicating your current residential address (Proof of Billing)

For Taxi Drivers

1. ID Card (NRIC)
2. Vocational license
3. Taxi pass
4. 7-day job summary
5. Any latest bill indicating your current residential address (Proof of Billing)

As permitted in the Moneylenders Act, we charge the following: 

1. A late fee not exceeding $60 for each month
2. An upfront administrative fee not higher than 10% of the principal loan amount. This is charged when the loan is granted.
3. Legal costs ordered by the court for a successful claim after the recovery of the loan

The total charges consisting of interests, late interest, upfront administrative and late fee will not exceed the amount of your principal loan.

Yes, you can. In fact, if you have a good repayment behaviour and record you can get a new loan with a larger amount provided that it will not exceed the maximum amount as mandated in the Moneylenders Act.