Supporting Your Goals With Personal Loans in Singapore
Looking for a personal loan in Singapore that’s fast, simple, and stress-free? At Dio Credit, we’re here to help you take control of your finances, whether it’s for unexpected expenses, consolidating debt, or achieving personal goals. Our private personal loans are designed with you in mind—offering flexibility, convenience, and peace of mind.
Get your personal loan approved in 15 minutes
Repay private loans on your terms
Get bespoke unsecured personal loans
Enjoy competitive rates
All can apply, including people with bad credit histories
Ready to take the next step and secure your funds? Get your personal private loan in Singapore today.
What Are Personal Loans in Singapore?
- A personal loan in Singapore, also known as a private personal loan, is an unsecured loan that doesn’t require collateral. This means you don’t have to pledge any assets to borrow money.
- The loan is approved based on your income, credit history, and ability to borrow (i.e. within legal loan limits). You’ll receive a lump sum upfront and repay it in fixed monthly instalments over an agreed period.
- It’s a low-interest type of loan with flexible repayments. A private loan in Singapore is also designed for those who urgently need money for various purposes.
Why Should You Consider a Personal Loan in Singapore?
Speedy Approval
Apply online or in-person and get approval for your private loan in Singapore in minutes, because we know your time is valuable.
Flexible Loan Tenure
A legal money lender offers personal loans in Singapore with flexible loan tenure of up to 12 months. On a case-by-case basis, it can even be as long as 2 years.
Higher Chances of Approval
Licensed lenders offer less stringent requirements when it comes to a private personal loan. We are open to accepting bad credit borrowers as we focus on your repayment ability, rather than your poor credit history.
Fast Loan Disbursement
Personal loans in Singapore aren’t just known for their quick approval, but lightning-fast loan disbursement — via cash, bank transfer or PayNow — the choice is yours.
High Borrowing Limit
If a large loan sum is what you need, private personal loans in Singapore fit this requirement. You can borrow up to six times your monthly income, obtaining a lump sum to pay off your expenses easily.
Versatility of Use
Whether you’re facing financial challenges, funding an emergency, or planning a milestone, our private personal loan solutions are suitable for all kinds of needs.
Benefits of a Private Loan with Dio Credit
Reducing Interest Rates
With a legal lender, the way interest is calculated is through the reducing interest rate method — which means paying less interest over the loan tenure as compared to loan with a flat interest rate.
Full Transparency in Fees
Every necessary fee will be mentioned upfront — from late payment charges to administration fees. We don’t impose any sudden fees without your knowledge.
Flexible Repayment Plans
Your budget and ability to repay matters to us. When it comes to our private loan, we make sure to thoroughly consider your financial needs.
Reliable and Legal
As we’re listed under the list of official lenders in Singapore by the Ministry of Law, you can count on us knowing that our loan services are 100% legal.
Competitive Interest Rates
Our legal loan solutions are known for their affordability — enjoy low rates of up to 3.92% per month for your personal loan, with no hidden charges.
Expert Guidance
Established since 2013, our friendly loan specialists are here to provide professional advice and ensure you fully understand your options.
Eligibility & Requirements for a Personal Loan
Access our personal loans in Singapore with ease. As long as you ensure the below requirements are met and have put together all relevant documents, expect to receive loan disbursement within a day for the most part.
For Salaried Employees
Citizenship: Singaporean & Permanent Residents
Age: 18 and above
Employment Status: Full-time or Part-time
Documents needed:
- NRIC/FIN/Passport
- Official company payslip – 3 months minimum
- Official CPF Statement containing a record of contribution – 3 months minimum
For Commission-based Employees
Citizenship: Singaporean & Permanent Residents
Age: 18 and above
Employment Status: Full-time or Self-employed
Minimum requirements:
- Agents working in the real estate or insurance industry can apply
- You are working in a legitimate firm
For Self-Employed Individuals
Required Documents:
- Identification card
- Latest 3 months’ income slips, bank statements, or commission statements
- Recent 2 years’ income tax assessment
For Foreigners
If you are living and working in Singapore, you are eligible to apply for a personal loan with Dio Credit.
Age: 18 and above
Required Documents:
- Proof of employment: A valid E-Pass, Work Permit, or S-Pass
- Passport
- Proof of residential address (e.g. utility bills or tenancy agreement)
- Official payslips for the last 3 months
Secure Your Personal Loan in 3 Fuss-Free Steps
1. Send in Your Application
Go to our website and apply your personal loan online or give us a call at 6250 1000 to make an appointment.
2. Visit Our Office to Finalise Contract
Visit our Ang Mo Kio office premises to meet our consultant and sign on the loan contract upon confirmation.
3. Retrieve Funds Instantly
After signing off on your personal loan contract, expect to receive your funds instantly, either via cash or bank transfer.
Personal Loans in Singapore — Frequently Asked Questions
Why a personal loan in Singapore may come in handy?
Personal loans are a versatile financial tool that can be used for various purposes, such as:
- Medical bills: It can be daunting when medical expenses pop up out of the blue. But through a personal loan in Singapore, you can better manage these costs and look after your health.
- Self-improvement: From covering educational fees for furthering studies to taking on courses for personal development and growth — a private loan in Singapore is a way to fund your self-improvement journey.
- Achieving milestones: Through a private personal loan, you can fund key life events like a wedding, honeymoon, home renovation, and so much.
How much can I borrow on a personal loan from Dio Credit?
At Dio Credit, the loan amount you can borrow depends on your income and credit assessment. In Singapore, the Ministry of Law regulates borrowing limits for private lenders. For individuals earning up to $20,000 annually, the maximum personal loan amount is capped at $3,000. Those with higher incomes may be eligible to borrow up to six times their monthly earnings.
How do I get the best rates for personal loans in Singapore?
To secure the best personal loan rates:
- Maintain a Good Credit Score: A higher credit score often leads to better interest rates.
- Compare Lenders: Evaluate offers from various lenders to find competitive rates.
- Assess Loan Terms: Shorter loan tenures may come with lower interest rates.
What’s the interest rate and processing fee of Dio Credit’s personal loan?
At Dio Credit, our rates go from as low as 0% to 3.92% per month. Processing fees vary based on the personal loan amount and terms. For detailed information, please reach out to our friendly loan officers.
What’s the loan tenure of Dio Credit’s personal loan?
Our personal loan tenures are flexible, designed to suit your repayment capacity. Specific durations can be discussed with our loan officers to find the best fit for you.
How do I request an early settlement for my loan?
To settle your personal loan early, speak with us! We will guide you through the process and inform you of any applicable terms.
Is there any penalty fee if I were to make early repayment for my personal loan?
Dio Credit encourages responsible borrowing. We may offer interest discounts for early repayment. Please consult with our loan officers for specific details.
Is it easy to get a personal loan in Singapore?
Yes, obtaining a personal loan in Singapore is straightforward, especially with licensed lenders like Dio Credit who offer flexible criteria and quick approvals.
Are there personal loans with no credit check?
Most loan providers like banks will check your credit score, but licensed lenders like Dio Credit take a different approach and do offer no credit check loans.Instead of focusing on your credit score, we review your MLCB Loan Information Report to assess your current financial situation. We believe in understanding your unique needs and finding the best way to support you.
Why should you compare private loans in Singapore before settling on one?
Comparing private loans in Singapore helps you find the lowest interest rates and the best terms that suit your financial needs — all in the name of letting you make the right choice.
How do personal loans from licensed lenders differ from those from banks?
Licensed money lenders often provide faster approvals, more flexible terms, and may cater to individuals with varied credit histories, whereas banks typically have stricter criteria and longer processing times.
How to choose the best personal loan in Singapore for your needs?
Finding the right private personal loan in Singapore can feel overwhelming, but with a little guidance, you can secure a loan that fits your financial goals. Here are some tips to help you make the best decision:
1. Understand Your Financial Needs
Before applying, take a moment to evaluate why you need a personal loan. Is it for a specific expense, like a wedding or medical bills, or to consolidate debt? Understanding your purpose before thinking of applying for a personal loan will help you choose one with the right terms and repayment plan.
2. Compare Interest Rates
Interest rates can vary widely between lenders. Look for competitive, low-interest rates to minimise the overall cost of borrowing. At Dio Credit, our rates are fair and below legal caps, ensuring affordability for your personal loan.
3. Evaluate Loan Tenure
Pick a repayment period that fits your budget, from as short as a 1-month loan to as long as a 12-month loan. Personal loans with longer terms mean smaller monthly payments but more total interest over time.
4. Check the Fees and Charges
Be aware of additional costs, such as processing fees and late payment penalties. A loan with no hidden charges, like Dio Credit’s personal loans, can save you from unexpected sticker shocks.
5. Assess the Loan Amount
Ensure the lender offers a personal loan amount that matches your needs. Borrow only what you can repay comfortably to avoid unnecessary stress.
6. Review Eligibility Criteria
Make sure you meet the eligibility requirements for a private personal loan in Singapore, such as minimum age, income, and employment type. At Dio Credit, we welcome applicants with varying credit histories and income levels.
7. Consider Your Credit Score
While some lenders prioritise good credit, others, like Dio Credit, offer options for individuals with less-than-perfect credit. Understanding your credit profile can help you identify suitable lenders for all your personal loan needs.
8. Seek Expert Advice
If you’re unsure about your options, consult loan specialists who can guide you through the process. Dio Credit’s friendly team is always available to help you make an informed decision.
Who do I reach out to for my personal loan application?
For your personal loan application, reach out to Dio Credit’s friendly loan specialists by filling out our contact form, giving us a call, or visiting our office during business hours.