Unexpected situation can arise at any time, and with it comes panic and the need for extra cash. Whether it’s to help tide you through problems such as car repair or medical bills or to simply improve cash flow, having access to a 24-hour money lender in Singapore is ideal.
Besides, the busy lifestyle in Singapore also means that most of the time, you only have the weekends to settle your personal needs. Finding the best licensed moneylender that’s open on Sundays or outside office hours can cater to your needs.
In this article, we discuss if 24-hour money lenders are a thing in Singapore, and how you can differentiate between licensed and unlicensed money lenders.
What Does A Licensed Money Lender In Singapore Do?
Licensed money lenders in Singapore are approved lenders under the Ministry of Law. They can provide loans to Singapor e citizens, Permanent and Residents. In addition, licensed money lenders can provide loans to foreigners in Singapore with valid Employment Passes.
Legal money lenders in Singapore are an alternative to consider when applying for urgent loans as the processes are generally quicker and less stringent compared to applying with traditional banks.
Since you may need an instant cash loan in unexpected situations, you might be wondering if there are any 24-hour licensed money lenders in Singapore that you can go to, which brings us to the next point.
Are There 24-hour Money Lenders In Singapore?
There are no 24-hour money lenders. If you happen to chance upon one, it’s highly likely that it’s an illegal money lender or one that’s pretending to be a legal money lender.
However, there are online loan application portals payday loans in Bridgeport that are available 24 hours. You can apply for your personal loans there at any time.
This may sound too good to be true, but Crawfort’s new loan platform allows you to do that. You can submit a loan application at any time and place and get it approved as fast as 8 minutes .
The integration of MyInfo with Crawfort’s system speeds up the application process by pre-filling certain information . Accurate information is retrieved from multiple government agencies and applied accordingly. This helps to eliminate any human error and speeds up your request such that it can be approved as quickly as possible.
With your submitted information, real-time data from credit bureaus, and in-house data that are collated over the years, Crawfort’s proprietary algorithmic formula makes it possible for your application to be approved within 8 minutes .
Of course, this is also subject to Crawfort’s operating hours, as you’ll need to head down to the outlet for face-to-face verification before you can get your loan disbursed.
While your loan can be processed and approved within 8 minutes, if you were to apply on a Sunday morning, the earliest you can receive your loan will be on Monday morning. You may check out Crawfort’s operating hours here.
How Do You Apply For A Personal Loan With Crawfort?
Firstly, head over to and fill in your details – your citizenship, monthly salary, and how much you’d like to borrow. Then, log in via SingPass and your application will be pre-filled automatically with the data retrieved from various government agencies. Next, upload the documents necessary for your loan application. Once that’s done, submit your loan application, and you’ll receive your application results through SMS within the next 8 minutes.
Once your application is approved, all you have to do is schedule an appointment on Crawfort’s loan portal and head down to the office for a face-to-face verification.