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Eligibility

Here are the eligibility & requirement needed when applying loans with Power Credit a licensed money lender in singapore.

Requirements For Personal Loan and Pay Day Loan:

  • Singaporean, PRs (Permanent Residents), S-Pass or EP holder and Work permit holder
  • Minimum age: 21
  • All income welcome
  • Currently Employed
  • Not applicable to Undischarged bankruptcy or pending bankruptcy
  • Original NRIC
  • Employment payslip
  • CPF contribution statement
  • Income tax statement
  • Utilities bill or HP bill (Proof of Address)
  • Singaporeans with sing-pass can print required documents at our office. Your sing-pass will not be revealed.

Requirements For Foreigner Loan:

  • Passport
  • Work Pass (S-Pass or employment pass and work permit)
  • Employment payslip
  • Tenancy Agreement (Rented Unit)
  • Employment Letter or Appointment Letter
  • Bank statement showing salary credited
  • Utilities bill or HP bill (Proof of Address)

Requirements for Business Loan:

  • Singapore incorporated firm/ corporation
  • Latest ACRA
  • NRIC/Passport/work-pass of shareholder/director/partners
  • Tenancy agreement for place of business
  • Corporate bank statement
  •  Balance sheet
  • Profit and loss statement
  • Company stamp/seal
  •  Title deeds or proof of assets (secured loan)

 

If you are finding a best licensed moneylender in singapore for a personal loan, payday loan, foreigner loan or business loan, contact us today and we will recommend your best options.

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