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Raffles Credit Pte Ltd is a licensed moneylender (License No. 31/2020) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Monthly Loan

Get the best financing options you can tailor to your every need when you take up our installment loans

  • Easy installment plans
  • Clear repayment terms
  • Quick loan disbursement
  • Lengthy loan tenures
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Providing The Best Options For Your Life, One Step At A Time

There are different loan types. Some may be weekly, bi-weekly, or monthly. Considering the challenges attached to making weekly repayment, especially for monthly income earners, the short term monthly installment loan is an excellent way to take advantage of our flexible terms and lower interest rates in our personal loans Singapore citizens and foreign workers can use to take care of their finances.

If you receive a regular income and you have some finances to take care of, contact us and we are poised to help you with the financial assistance you need.

Why should you take an installment loan with us?

Because it’s easy.

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worker taking loan happily

Application Process

Call or Apply Online

Apply from the comfort of your home with a few clicks using our online form. You may also reach us at 62351788

Visit Our Office For In-Person Consultation

Upon confirmation, you will be asked to come to our office to customize your loan plan

Receive Your Money on the Same Day

Get your cash as soon as the loan agreement has been signed

Eligibility & Requirements


You must be at
least 18 years old


For Singapore/PR residents: You must have regular employment or a source of income above $1,500 per month.


For Foreigners/Expats working in Singapore: You must have regular employment or a source of income above $2,000 per month.

For Singapore / Permanent Residents(Minimum income > $1500)
  • Identity card / NRIC
  • Proof of residences such as a recent bill or letter addressed to you (only applicable if you do not own the residence)
  • Tenancy agreement (only applicable if you are renting a flat)
  • Recent 3 months payslip and employment letter if your current employment is less than 6 months
  • Know your SingPass (password to log into CPF, HDB, IRAS website)
For Foreigners
(Minimum income > $2000)
  • A valid work permit / S Pass / Employment Pass
  • Passport
  • Proof of employment (staff pass or company pass)
  • Recent 3-month payslips & employment letter
  • Proof of residence such as a tenancy agreement, recent bill or letter addressed to you
  • Latest bank statement of account to which yearly or monthly salary is credited
  • Singpass (to download IRAS NOA)

Google Reviews

  • 5 star review  John is very friendly and explains everything in very detail, gives me a stress free explanations and makes sure I fully understand before proceed to the loan application. Hence he... read more

    thumb Ramesh Ramesh

    5 star review  The service is good. The staff are the good listeners to understand our needs. Highly recommended!

    thumb Jonatthan DR

    5 star review  All Raffles Credit staff deserve the Excellent Service Awards. They are patient, polite and professional in helping my wife and me tide over the business crisis amid the pandemic. We... read more

    thumb My Cuty
  • 5 star review  John is very friendly and tactical when handling my needs. They offer very flexible and affordable monthly instalments.

    thumb Phua Alvin

    5 star review  John is very friendly, active and Professional. Nice to meet up with you. Thanks.

    thumb soe wai linn

    5 star review  I was offered good interest rates as compared to other lending corporations. They explained the overdue/collection/legal clauses as well, in addition to clear breakdown of the fee and interest. Satisfied.... read more

    thumb A Google User
  • 5 star review  I want to thank John & his team for providing the excellent service for my last visit. John planned and explained the repayment scheme according to my needs professionally. Good... read more

    thumb Ray Lin

    5 star review  Have approached Raffles 3 months back. Quite flexible moneylender understands the borrowers need and tweak the repayment plan according to the need. Strongly recommend for the emergency cash requirements. Ms.Rachel... read more

    thumb Muthu Kumar

    5 star review  Friendly staff with very efficient service. My relationship with Raffles credit over the past few years has been pleasant and would certainly recommend them to my friends and business assocites

    thumb Eddie Low
  • 5 star review  Good service by the team which i know them well. Keep it up the good work. Cheers,

    thumb Alvin Tham

    5 star review  Very professional and efficient staff. Always feeling to help and listen to my worries and will advice the best possible payment package. Thank you to everybody from Raffles Credit

    thumb Johnny Lee

    5 star review  Highly recommended. Very professional. Staff very friendly. Repayment scheme very flexible. Will definitely come back here.

    thumb Nur Fardhirulsyah
  • 5 star review  The staff are nice and friendly. Highly recommended and trusted licensed financial company.

    thumb kalyansiva siva

    5 star review  Highly recommended financial company . The offered repayment plan helped to ease my burden especially during this pandemic . Rachel one of the staff has also been of great assistance... read more

    thumb Shanta Maria

    5 star review  I am very thankful to Raffles Credit for the great assistance to help me tide over this unprecedented crisis. The staff are also polite and responsive to all my questions.... read more

    thumb Coral C
  • 5 star review  I would like to thank especially John for being patience and understanding with my financial woes. I have good experience with this loan company. Very trustworthy, professional & helpful with... read more

    thumb Kriz Nonis

    5 star review  I highly recommend this financial company if anyone of you want to apply for a quick loan. Thank you raffles credit.

    thumb kokhwee 94

    5 star review  I highly recommend this financial company if anyone of you want to apply for a quick loan. My loan is approved within half an hour. The officers are extremely friendly,... read more

    thumb Yoga Yip
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Ready To Get Started?

Request for a quotation from our friendly officers by filling out the form below

Frequently Asked Questions

A monthly installment loan is any type of loan, such as a business loan, mortgage, or personal loan in Singapore that a borrower loans from and is repaid regularly and in scheduled installments. A payday loan isn’t generally considered due to its short term nature.

They can be used for any purposes like you would a personal loan; for the wedding of your dreams, a renovation sorely needed or even an unexpected emergency. The loans come with a fixed rate of interest that is added to and charged for monthly repayments. They are meant to offer a stable repayment scheme, making it easy for you to budget and track your expenses.

Monthly installment loans work by repaying a portion of the principal amount borrowed and also the interest on the debt owed. The sum stays the same from your first payment until the final payment, without changing. This allows you to schedule your repayment periods to coincide with your paycheck or other periods as you deem fit.

As responsible lenders, we always ask our clients before taking up a loan to be certain of a few things;

  • The type of loan they are looking for
  • The amount they really need, not want
  • Their repayment capabilities

These are factors that must be thought about and discussed over before you take up the loan. While we understand that the monthly loan offers flexible repayment terms and lower interest rate would benefit you greatly, nevertheless, we must caution for some restraint and look into your budget and ability to service the loan as well.

Secondly, there are many agencies claiming to provide legal money lending services around Singapore. Only a select few are registered with the Ministry and bound by the Moneylenders Act and rules. You must check for their license number and only trust lenders who have shown great trustworthiness to their customers like Raffles Credit.

When considering taking out a personal loan, Singapore citizens and foreign workers should include a monthly repayment loan among their options. As a matter of fact, we will encourage you to give this loan option a second thought.

Some of the reasons why you should do that are:

Fixed repayment schedule

The biggest advantage monthly installment loans have over other loans is the fixed repayment sum. You will be repaying the same amount from the time you take up the loan until your final payment, ensuring that there will be no unpleasant surprises down the road when you start your repayments.

Ease of payment

With this loan, you won’t bother yourself about making weekly repayment. Since you already know when you will receive your pay, you can easily plan your repayment to coincide with when you will receive your pay since you have a fixed monthly repayment loan amount. That will spare you the stress of worrying excessively where the money for your next payment will come from.

Flexible terms

Installment loans are also one of the most flexible loans, making it easy to tailor the loan repayment schedule, tenure and amount that would match their ability to repay the loan. The monthly installment loans Singapore also comes with lower interest rates than what a borrower would get when using credit cards or other high-interest loans.

No collateral

This is one of the few loan options where the collateral is not required. This is a huge benefit especially if you don’t have enough collateral to offer for a loan.

Application is easy

It is quite easy to apply for this loan. If you need it for whatever purpose, you can kindly contact us and we will make sure that your application is promptly considered. However, before you submit your application, do find out if you meet the requirements listed above in our requirements section.