One hour loan in SG: How it works

One hour loan in SG: How it works

Time and money icon signifying a one hour loan in SG

A one hour loan in Sg sounds almost too good to be true. Fortunately for borrowers, it is both real and simple to obtain. In this post, we explain what a fast cash loan is, the application process, and its pros and cons. Don’t get a loan from a legal money lender before reading this guide.

What is a ‘one hour’ loan?

The term ‘one hour’ here refers to the time between applying physically at a Dio Credit office with all the relevant documents (ID and financial) and receiving the loan in cash. Repeat customers may even have their fast cash loans approved within half that time.

As a comparison, the typical bank loan application is processed over several days. A licensed money lender in Singapore other than Dio Credit may be able to process same-day loans but few can match our express loan service.

These figures apply only to borrowers who do not have serious outstanding financial or legal issues. Applicants who cannot present all the correct documents or who have significant red flags on their financial records may face some delays.

The process for a one hour loan in Sg

Dio Credit has created a streamlined process for fast cash loans. It is designed to be the most convenient option for anyone who needs money urgently.

Here is a breakdown of the process:

  1. Verification of ID

All our loans approvals begin with thorough verification of the applicant’s identity. This helps Dio Credit prevent anyone from taking a loan in your name using your ID. We accept several forms of ID:

For Singapore citizens and PRs

  •         NRIC
  •         Passport

For foreigners:

  •         FIN card
  •         Passport
  •         Work permit/ S Pass/ E Pass
  •         Proof of residence (utility bills, rental agreement, etc.)

(Please note that we will not keep any of these documents. We may make copies for legal purposes.)

  1. Verification of income

We verify every applicant’s financial status to be able to offer the lowest rates, largest loan principals, and best terms. You could get a one hour loan in Sg deal that we don’t advertise with the right income documents. You can get a loan with any of the cash pay after work jobs listed here.

Please bring as many of the following documents as possible to qualify:

  •         Offer letter
  •         Signed contract
  •         Pay slips and bank statements for at least the past 3 months
  •         Tax and CPF contribution statements

(Please note that we will not keep any of the documents. We may make copies for legal purposes.)

Please be aware of your SingPass and IRAS login credentials. We will not ask you to share them with us and only request certain details so we can verify the other financial information.

  1. Formal paperwork

The income verification process will determine the size of the one hour loan in Sg we offer you, the rate of interest, the term (length) of the loan, and other fees and applicable charges. All this information is then transferred to a formal loan contract which is printed out for your convenience.

Our professional loan executive will explain each part of the contract to you in a language that you understand. Once you have understood the terms, you can sign the contract. We will keep one signed copy and will give you one to keep for your own reference. The formal process for a one hour loan in Sg is now complete.

  1. Cash handover to you

Once the contract for a one hour loan in Sg is signed, we will hand the loan principal to you immediately. This can be done at the office where we give you the sum in cash. You may also opt for the money to be transferred to a Singapore bank account of your choice.

Pros and Cons of a one hour loan in Sg

As with any loan from a legal money lender, there are advantages and disadvantages to a quick cash loan. Here are some of the main ones that you should consider.


  •       No credit discrimination
  •       Applicants with bad credit history welcome
  •       Minimal documents required (Singaporeans only need NRIC and SingPass)
  •       Simplified loan application form
  •       Fast credit assessment
  •       Quick 4-step process
  •       Instant approval
  •       Funds released on the spot in cash or to your bank


  •       Interest rate is higher
  •       Loan repayment term is shorter

Dio Credit is a well-established licensed money lender in Singapore. We are your best option for a one hour loan in Sg. Don’t take our word for it – speak to us today and get the cash you need in your pocket within an hour.


While all reasonable efforts are made to include accurate and up-to-date information on this website, errors or omissions may still occur. We are not liable for any loss or damage caused by the use of this website. The information on this website is for general information only and should not be taken as professional advice.

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