Foreigner Loans in Singapore

Your Financial Bridge with
Power Credit Enterprise

Are you an expatriate or foreign worker in Singapore facing financial challenges? Power Credit Enterprise understands the unique financial needs of non-Singaporeans residing in singapore. As a licensed moneylender, we offer tailored foreigner loans designed to provide you with accessible financial loan solutions in your home away from home.

Understanding Foreigner Loans
in Singapore

Foreigner loans are specialized financial products catered to non-Singaporeans living and working in Singapore. These loans are designed to help expatriates and foreign workers manage their financial needs, from settling into a new country to handling unexpected expenses.

Your Financial Bridge with Power Credit Enterprise

Are you an expatriate or foreign worker in Singapore facing financial challenges? Power Credit Enterprise understands the unique financial needs of non-Singaporeans residing in the country. As a licensed moneylender, we offer tailored foreigner loans designed to provide you with accessible financial solutions in your home away from home.

Understanding Foreigner Loans
in Singapore

Foreigner loans are specialized financial products catered to non-Singaporeans living and working in Singapore. These loans are designed to help expatriates and foreign workers manage their financial needs, from settling into a new country to handling unexpected expenses.

Why Choose Power Credit Enterprise for Your Foreigner Loan?

Expertise in Expatriate Finance

Our team specializes in understanding and addressing the unique financial challenges faced by foreigners in Singapore.

Swift Application Process

We've streamlined our procedures to ensure a quick and efficient application process, recognizing the time-sensitive nature of your needs.

Multilingual Support

Our staff offers assistance in multiple languages, ensuring clear communication throughout your loan journey.

Flexible Loan Terms

We offer customizable loan terms to suit your specific situation, including your visa status and length of stay in Singapore.

Comprehensive Financial Guidance

Beyond just providing loans, we offer financial advice to help you navigate Singapore's financial landscape.

The Foreigner Loan Process at Power Credit Enterprise

Online Inquiry
Fill out our user-friendly online form or visit our office.
Document Submission
Provide the necessary documents for verification.
Rapid Assessment
Our expert team evaluates your application promptly.
Loan Offer
Receive a customized loan offer tailored to your needs.
Agreement and Disbursement
Upon acceptance, sign the agreement and receive funds quickly.

Types of Foreigner Loans We Offer

Relocation Loans

Designed to help you cover the costs of moving to and settling in Singapore, including rental deposits and furniture purchases.

Emergency Loans

Quick financial assistance for unexpected situations, such as medical emergencies or urgent travel needs.

Education Loans

Support for foreigners pursuing further education or professional development courses in Singapore.

Debt Consolidation Loans

Combine multiple debts into a single, more manageable loan with potentially lower interest rates.

Lifestyle Loans

Finance personal projects or purchases to enhance your life in Singapore.

Understanding Loan Costs and Terms

At Power Credit Enterprise, we believe in complete transparency:

  • Interest Rates: Competitive rates tailored for foreigners, complying with Singapore’s regulatory guidelines.
  • Loan Amounts: Ranging from Up to 6X of your monthly income, based on your income and our assessment.
  • Loan Tenure: Flexible repayment periods from 1 month to 12 months.
  • Processing Fees: A clear, upfront fee structure with no hidden charges.
  • Late Payment Fees: Clearly outlined fees apply if you miss the repayment deadline.


We encourage responsible borrowing and offer detailed explanations of all costs involved.

Unique Features of Power Credit Enterprise's Foreigner Loans

Visa-Aligned Repayment Plans

We structure repayment plans in alignment with your visa duration, ensuring manageable terms.

Currency Exchange Guidance

We offer advice on managing loan repayments if you're paid in a foreign currency.

Loan Portability

Options to adjust your loan terms if your employment situation in Singapore changes.

Cultural Sensitivity Training for Staff

Our team is trained to understand and respect diverse cultural backgrounds.

Digital Loan Management

Application Integrated with Singpass MyinfoAccess and digital loan management system ensuring the loan process seamlessly.

Maximizing Your Foreigner Loan

  1. Budgeting in a Foreign Country: We provide tools and tips for effective budgeting in Singapore.
  2. Understanding Local Financial Practices: Learn about Singapore’s banking or money lending system and financial norms.
  3. Planning for Repatriation: Guidance on managing loans if you plan to leave Singapore.
  4. Building Credit in Singapore: Advice on how responsible borrowing can help establish your credit history.

Navigating Financial Challenges as a Foreigner

  1. Emergency Fund Building: Tips on creating a safety net while living abroad.
  2. Healthcare Financing: Understanding medical costs and insurance options in Singapore.
  3. Remittance Advice: Guidance on efficient ways to send money back home.
  4. Tax Implications: Basic information on how loans might affect your tax situation in Singapore.

Why Power Credit Enterprise Stands Out for Foreigner Loans

  1. Expat Community Engagement: We actively participate in expatriate community events and forums.
  2. Continuous Policy Updates: We stay informed about changing regulations affecting foreigners in Singapore.
  3. Partnered Services: Connections with relocation services, international banks, and expat-focused businesses.
  4. Feedback-Driven Improvements: We constantly refine our services based on expatriate client feedback.

Alternatives to Foreigner Loans

While our loans are tailored for expatriates, we also provide information on alternatives:

  1. International Bank Transfers: Options for accessing funds from your home country.
  2. Employer Assistance Programs: Information on company-provided financial support.
  3. Expat-Focused Banking Products: Guidance on specialized banking services for foreigners.

Responsible Borrowing for Expatriates

We advocate for responsible financial practices:

  1. Borrow Only What You Need: Assess your actual requirements carefully.
  2. Understand Your Loan Terms: Ensure you’re clear on all aspects of the loan agreement.
  3. Plan for Repayment: Factor loan repayments into your monthly budget.
  4. Communicate Proactively: Inform us of any changes in your employment or visa status.

Frequently Asked Questions about Foreigner Loans

Can I get a loan as a foreigner in Singapore?

Yes, Foreigners with a valid work permit, S-Pass, EP holders and LTVP are eligible for a foreigner loan with licensed moneylender. but you’ll need to meet specific requirements, such as having a valid work pass and minimum income, Proof of employment and income, Proof of address in Singapore, Passport and other identification documents.

When applying for a foreigner loan with Power Credit a licensed moneylender in Singapore, you’ll typically need to provide your passport, valid work pass, proof of employment and income, and proof of address.

Repaying a foreigner loan in Singapore typically by the following steps:

  • Bank transfer: Transfer funds to the moneylender bank account
  • Cash payment: Pay in person at the moneylender office
  • Cheque payment: Issue a cheque payable to the moneylender
  • GIRO payment: Set up a GIRO arrangement for automatic deductions

Remember to: Keep records of your payment receipt and inform us when your payment is made.

Foreigner loans in Singapore are not more expensive then local loans. Borrowing costs can vary significantly depending on your individual circumstances and creditworthiness, At Power Credit we strive to offer competitive terms for all our clients.

Taking a foreigner loan from a licensed moneylender in Singapore typically has a no impact on your visa status, as long as you repay the loan on time, comply with loan terms and conditions, maintain a good credit score.

If you leave Singapore, your foreigner loan obligations remain. Before leaving Singapore, ensure you understand your loan obligations and make necessary arrangements with licensed money lender to avoid any potential late charges incur. We offer guidance on settling loans before departure or arranging continued payments from abroad.

Your Financial Partner in Singapore

At Power Credit Enterprise, we understand that managing finances in a foreign country can be challenging. Our foreigner loan services are designed not just to provide financial assistance, but to offer a supportive partnership throughout your stay in Singapore.

We’re committed to helping you navigate the financial aspects of expat life with confidence and ease. From settling in to managing unexpected expenses, our team is here to provide the financial solutions and guidance you need to make the most of your time in Singapore.

Ready to explore your loan options? Contact Power Credit Enterprise today. Let us help you turn financial challenges into opportunities for stability and growth in your Singapore journey.

Remember, as a foreigner in Singapore, you have unique financial needs and considerations. At Power Credit Enterprise, we’re dedicated to providing the specialized support and solutions you require to thrive financially in your new home.

Access Your Cash Fast And Easy
Using Singpass Myinfo!