6777 7775

Sim Lim Tower, 10 Jalan Besar Sim Lim Tower #01-01, 208787

Apply for Payday Loan in Singapore

Monetium Credit is one of the most highly-revered moneylenders in Singapore, and our selection of financial products is unmatched in the industry.

What is a payday loan Singapore?

A payday loan is a financial instrument with a fixed repayment term for borrowing small amounts until the next salary. Payday loans are a popular financial instrument because they are easy to obtain, and their short repayment period makes them easy to repay. The interest rates of such a loan can’t exceed a maximum of 4% per month, to which lenders can add 10% in administrative fees. Moreover, penalties for late repayments cannot exceed $60 per month.

Why use such a financial instrument? Ultimately, it is a matter of necessity. Borrowing $1000 with a 30-day repayment period will probably cost you no more than $140 in extra payments. Is this a good deal? It depends on your necessities. A payday loan is easy to obtain and is the best source of cash if you need a fixed sum with increased urgency. Has an unpleasant event caused you an unexpected financial shortfall? Have you run out of money for weekly shopping? Are you in dire need of quick disposable income? If so, such a loan could be an excellent idea and be a tool to get you back on your feet.


Offers the most flexible short term & monthly installment repayment schedule.


You will be kept informed and updated throughout the loan period.

Swift & Efficient

Loans can be disbursed immediately upon loan approval.

Advantages and Disadvantages of Payday Loans



Quick Approval Times

A payday loan Singapore has a quick application process and less hassle than a long-term secured credit, which might require more financial guarantees.

High-interest Rates

Although they are a handy financial instrument due to their simplified loan application process, these loans are unsuitable for long repayment periods.

Repayment Times

One of the primary reasons you would call a lending company is that you need quick cash. Payday credits are perfect from this point of view, as they are usually meant to be repaid on the next salary.

Limited Loan Amounts

Do you need a large sum with a late repayment period? Then, a payday loan is not suitable. These credits are ideal for small sums, with a maximum repayment term of thirty to sixty days.


These kinds of loans have become standard financial aid for a good portion of our country’s citizens, and they are a safe financial instrument as long as you use a nationally recognized agency.

Negative Credit Impact

Failure to repay your loan will affect your credit score. Monetium Credit can be flexible with your repayment period, but we reserve the right to report debtors to the SG credit bureau.

Top Reasons to Choose a Licensed Lender in Singapore

Do you want to get a loan that the Singaporean government will secure? Then, your only solution is to turn to a nationally renowned licensed moneylender. The Ministry of Law regulates our activity, and we must comply with the provisions of the Moneylenders Act of 2009. What does this mean for you? Financial guarantees. If the company offering you credit does not respect your rights, he is liable to fines and indefinite suspension of operations.

The application process with a licensed moneylender is straightforward, and the credit conditions are advantageous. Do you want to work with an agency that can offer an advantageous financial offer? Have you had unpleasant experiences with a lending company and want to work with the best in the industry? Then, we are the perfect people for your requirements. We are amongst the best-licensed moneylenders with years of experience in the business, and we guarantee our performance through our hard-earned reputation.

Contact Monetium Credit

We are the best lender in Singapore for your requirements.
Do you desire specific loans? Then, we have suitable financial packages personalized for your demands.

We are located just 2 minutes walking distance from Jalan Besar MRT

10 Jalan Besar Sim Lim Tower #01-01, 208787
Contact: 6777 7775

To serve you better, we are open for business as follows:

Monday-Sunday: 10:00 am to 7:30 pm

Public Holidays closed

Payday loan for your extra expenses 

At Monetium Credit, we offer a helpful, practical way to apply for a payday loan in Singapore while you await your next paycheck. So, you don’t have to worry if you are strapped for cash before your next payday!

We have developed various financial solutions with our customers’ best interests at heart. Thus, we offer online loan solutions catering to short-term financial needs so you don’t have to wait for your next pay to come in. Our low-interest payday loan comes with greater flexibility, and with this method, we will help improve your cash flow as soon as the need for funds arises.

To request Monetium payday loan, please submit your details here, and rest assured that your online application will be processed as soon as possible.

Who is eligible?

For Fixed Salary Employees
  • Singapore Citizen, Permanent Resident: Above Age: 21
  • Employment Status: Full-time or Part-time

    Documents required:
  • Identity proof: NRIC / Passport
  • Income proof: Computerised payslip / CPF / Bank statement
  • Residency proof: Household bills
  • Employment contract (For new employment less than 6 months)


Disclaimer: We reserves the right to request for other documentary materials and proofs on a case-by-case basis.

  • Singapore Citizen, Permanent Resident: Above Age: 21
  • Employment Status: Full-time or Part-time


Documents required:

  • Identity proof: NRIC / Passport
  • Income proof: Computerised payslip / CPF / Bank statement / Income Tax
  • Residency proof: Household bills
  • Employment contract (For new employment less than 6 months)


Disclaimer: We reserves the right to request for other documentary materials and proofs on a case-by-case basis.

You are eligible if you are a business owner who may or may not be part of the following:

  • A sole proprietorship, or Limited Liability Partnership (LLP)
  • A private limited company
  • A corporation

Documents required:

  • Identity proof: NRIC / Passport
  • Income proof: Company payslip / Income Tax / CPF
  • ACRA Document
  • Minimum 2 months of company bank statements
  • Corporate and income Tax assessment

Monetium Credit Is the Best Moneylender in Singapore 

Our Definitory Characteristics

We at Monetium Credit are confident in the quality of the financial services we provide to our loyal customers and pride ourselves on being one of only 150 private money lenders allowed to operate in Singapore. We deeply understand our client’s personal needs and constantly optimize our services to be in tune with the market requirements. We offer transparent and competitive rates, ideal for people who need quick, no-question-asked cash, and we abide by the regulations imposed by the law.

Versatility and fairness. Our company offers the best payday loan rates in the country, and we provide a quick and streamlined application process for which you will receive a response in less than 24 hours. We are flexible with your repayment options, offer competitive rates, and do not charge hidden fees.

We Are Open to Questions

Our firm prides itself on its comprehensive FAQ section, which is available on our website. Also, we are always available to answer your questions regardless of their complexity. We are the right people to ask if you are searching for information about the conditions of loans in Singapore. We are a private lending company known for our transparency, and we can offer you a payday loan at a rate that will be definitory to your financial success.

We ensure the privacy of our clients through strict security measures, we comply with the data protection regulations active in our industry, we can offer you the opportunity to merge your existing debt into a singular, easy-to-handle payment, and we are the perfect financial entity through which to improve your credit score. Furthermore, over the years, we have garnered countless positive reviews from our loyal customers. We are one of the most respected licensed moneylenders in SG, and we will handle your loan application with respect, professionalism, and urgency.

The Benefits of Choosing Our Loans

Easy Application

Ask anyone, and they will say Monetium Credit’s payday loan offers are the best. Our credit application process is straightforward, and we offer countless financial packages ranging from payday loans to DCLs.

Quick Approval

The approval time for our financial services is short. We are one of the most efficient money lenders in SG, and we can offer you a competitive payday loan repayment rate that will make sense for your family.


We are transparent with our fees and offer an online calculator where you can gauge the amount you will have to repay for our finance packages. Regardless of your loan choice, you can be sure that you will only pay a competitive and fair interest rate.

Licensed Lender

Our agency is one of the few legal moneylenders allowed to perform private financial operations in our country. When you use our services, you can be sure that you will benefit from the competitive offers of one of SG’s most reputable licensed moneylenders.

Get Your Loan in 3 Simple Steps

Online Application

The application process is straightforward. You will need to submit an online application in which you specify your full name, NRIC number, and date of birth, and provide contact information such as a phone number or an email address.

Documents Approval

The approval process will generally take less than 24 hours, but exceptions may exist. Our Monetium Credit employees ensure that your application is reviewed as quickly as possible and that your desired loan gets all the attention you require.

Receive Funds

Once the application is approved, the requested funds will be deposited into your account within a few business days. Whether you require a payday loan or seek the expertise of a licensed moneylender, our experts will handle your case quickly.

Choose The Form of Your Loan Application

Monetium Credit is a nationally recognized company, and we can offer you an advantageous loan designed to suit your requirements. 

Most Frequently Asked Questions About Payday Loans

What is the difference between a payday loan and a personal loan?

A personal loan is a traditional financial instrument, that can be used for a wide range of purposes. The repayment term is flexible, and the amount you can borrow depends on your annual income. On the other hand, payday credits are characterized by shorter repayment periods, are only available for limited amounts, and have a higher MPR than other financial tools.

The repayment period refers to the timeframe required to repay the loan. Some types of credit have a maximum repayment period of thirty days, while others, such as mortgages, can last several years. Generally, the higher the amount borrowed, the longer the repayment period. However, the details depend on the agency’s provisions, your credit history, and the information discovered on your application documents.

The maximum annual percentage rate represents the additional amount you must pay during a calendar year for a borrowed sum. In SG, the Moneylenders Act of 2009 caps the monthly percentage rate that a money lender can charge at 4% or 48% per annum. Furthermore, it is prohibited from imposing an administrative fee exceeding 10% of the principal credit in our country.

Yes, payday credits are regulated financial instruments that offer strict restrictions for creditors and borrowers. The use of financial services offered by unlicensed individuals is a crime that can be punishable under the criminal code. The best choice would be to use the offerings of a licensed money lender, as it is the only way to receive financial guarantees.

The maximum amount you can borrow from a private money lender depends on your annual income. Do you earn less than $10,000 per year? If so, the maximum amount is capped at $3000. Is your yearly revenue between $10,000 and $20,000? If so, you can borrow six times your monthly salary. Do you earn more than 20k? Then, you are not subjected to any cap, and the credit condition can be negotiated with the licensed moneylender.

To verify a company’s legality, you can check the Singaporean Registry of Moneylenders, which maintains a record of all 150 licensed private creditors active in our country. Each lender operating legally in SG must have a license number, which can be cross-checked with the information on the website. 

Reputation. We are the perfect lending company for your requirements, and our employees can provide you with all the information you need to make a wise financial decision. We are transparent with the terms and conditions of our services; we provide a better APR than our competitors, are always open to questions, and supply a large package of financial instruments essential to your long-term monetary well-being.

As specified previously, the maximum amount you can borrow from any private lender in SG depends on your income. The maximum amount you can obtain will depend on the information you have available in your application documents.

The answer to this question depends on your financial possibilities. Generally, taking multiple loans is considered a risky financial practice that could put you in default. The most prudent idea would be to apply for only one credit simultaneously.

A private agency will have less stringent financial requirements for the financial packages offered and a more flexible repayment period for the available credits than a bank. Furthermore, private creditors are preferable if you need smaller sums until your next payday or are interested in quick credit approval procedures. Private creditors in SG are well-regulated; their services must align with the dispositions of the Moneylenders Act of 2009, and borrowers have many avenues to explore in case of financial disputes.

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Copyright @ 2024 Monetium Credit (s) Pte Ltd. All Rights Reserved. License No 147/2023.

Disclaimer | Privacy Policy | Responsible Borrowing

Monetium Credit (s) Pte Ltd (UEN No. 201326118D) is a registered company under the laws of Singapore. Customers are strongly advised to take a look at our privacy policy & disclaimer sections. If you have any queries or concerns in regards to personal data, please kindly contact [email protected]