Foreigner Loan

Address unexpected expenses, fund financial necessities in a new country with ease, or settle bills with a foreigner loan, designed for expats in Singapore.

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Use Foreigner Loan
for Anything

Pay off long-overdue bill

Buy something you need

Cover emergency expenses

Overcoming Financial Challenges as an Expat

Are you an expat in Singapore grappling with unexpected financial needs?

At CreditMaster, we understand that navigating life in one of Asia's costliest cities can be incredibly challenging. Covering your rent, daily essentials, and remitting earnings back home requires a reliable financial partner.

That's where CreditMaster's Foreigner Loan comes in—a solution crafted specifically for expatriates and international workers in Singapore. We recognise the hurdles you face, which is why we offer a flexible and empathetic approach to credit assessments.

Efficient and Reliable Financial Support

With CreditMaster, securing a loan is more than just a transaction; it's about gaining a partner in your financial journey. Our cutting-edge technology and dedicated team work tirelessly to ensure your loan application is processed within an hour, or even 30 minutes, provided all necessary documents are in order.

As a leading licensed moneylender, we are committed to offering efficient service to meet your needs. Experience hassle-free borrowing with CreditMaster today and take the first step towards regaining control of your finances.

Getting a loan has never been easier

Apply with Singpass

Get approval

Collect your money

Q&A about Foreigner Loans

How does a loan for foreigners work?

Loans for foreigners are specialised personal loans for individuals who are working and living in Singapore without Singaporean citizenship. These loans are intended to provide financial aid for urgent requirements.

Foreigners in Singapore need substantial funds for various expenses like accommodation, food, communication, and they often need to send money to their families back home.

Loans for foreigners are crafted to ease these financial burdens.

There is no restriction on how the borrowed funds can be used, granting borrowers the freedom and flexibility to manage their finances.

Should I consider a loan for foreigners?

A loan for foreigners is beneficial if you’re experiencing a shortage of funds.
Whether you need to settle bills, pay rent, or remit money to your family, such a loan can be of assistance.

The application process for a loan for foreigners is quick and straightforward, usually completed within a few minutes, and processed within a day.

What is a credit score and how does it affect me?

A credit score is a numerical indicator used by lenders to assess how likely you are to repay your debts and the risk of defaulting on loans.

It’s a score derived from your past financial behavior, including your payment history and loan records. The score ranges from 1000 to 2000, accompanied by a risk grade from AA to HH.

A lower score indicates a higher risk of default, whereas a higher score suggests a lower risk. Each score is associated with a risk grade and a description, affecting your loan eligibility and conditions.

When applying for a loan, lenders will consider your credit score, income, job duration, and financial history.

Can loans for foreigners improve my credit score?

Yes, making timely repayments on your loan can enhance your credit score.

Maintaining a good repayment record can boost your creditworthiness, making it easier to obtain loans in the future and possibly secure lower interest rates.

Who is eligible for a loan for foreigners?

To be eligible for a loan for foreigners with CreditMaster, you must:

  • Be a Permanent Resident or a foreigner with a valid work permit in Singapore.
  • Be at least 21 years old.
  • Be employed or self-employed.

They are popular with Singaporeans because of their flexibility. Personal loans are also often used for emergencies.

What documents are needed to secure a loan for foreigners?

For foreigners:

  • Valid Work Permit / S Pass / E Pass.
  • Proof of residency (e.g., utility bills, phone bills, rental agreements).
  • Recent payslips or bank statements.
What is the application process for a loan for foreigners like?

CreditMaster ensures the application process for loans for foreigners is efficient and simple.

  • Fill out our online application form.
  • Wait for our call within an hour to inform you about your application status.
  • Visit your selected CreditMaster branch for a face-to-face verification, sign the contract, and receive your loan.
How quickly can I receive my loan?

After signing the loan agreement at our branch, we will immediately disburse the funds to you.

Can I apply for a loan for foreigners with a poor credit score?

Yes, you can apply for a loan with us regardless of your credit score. CreditMaster aims to assist all borrowers, regardless of their credit history, without strict credit score requirements.

Will I incur charges for early loan repayment?

There are no fees for early repayment of loans at CreditMaster. Any remaining interest will be waived once you repay your loan ahead of the scheduled date.

Will my loan information be mailed to my residence?

We prioritise your privacy by keeping all loan details digital and confidential. No loan information will be mailed to your residence unless you request a physical copy.

Get Started

Apply now to get the money you need. It takes only 2 minutes!

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