Frequently Asked Questions About Singapore Moneylending
In order to qualify for any kinds of loans in Singapore, all the following criteria must be fulfilled:
- Be a citizen or permanent resident of Singapore, or for foreigners, have a passport and employment pass.
- Be above 21 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding.
- Be permanently employed, have a valid work permit (for foreigners) or if you are self-employed, have clear records of your cash flow to prove ability to repay the loan amount.