If you have been rejected by other lenders due to bad credit, a poor credit history, past late payments, or existing loans, i-Credit may still be able to assess your application.
i-Credit licensed moneylender in Singapore, offering bad-credit personal loans to individuals.
What is a bad credit loan in Singapore?
Bad credit typically refers to individuals:
- Have a history of late payments.
- Defaults payments on previous accounts
- Fall under a bankruptcy or debt repayment scheme.
i-Credit can provide personal loans to individuals with bad credit by assessing other repayment factors, such as current income, existing commitments, and supporting documents, before advising on loan approval.
This gives borrowers with poor credit a legal borrowing option through a licensed moneylender in Singapore, without relying on unlicensed lenders or unsafe borrowing channels.
Fill out the form below to check your eligibility.
Who do we help?
We serve a range of borrowers with poor, low, or rejected credit scores.
- Individuals with past loan defaults, bankruptcy, or debt restructuring
- Freelancers, gig workers, and contract staff without traditional pay slips
- People turned away by other licensed moneylenders.
- Borrowers who already have loans with other moneylenders but cannot secure new credit
How does i-Credit Assess Bad Credit Loan Applications?
Unlike most lenders, i-credit moneylender does not just assess loan applications based on your past credit history. Instead, we take a more holistic approach and review your current financial situation, income consistency, and repayment ability before advising whether your loan can be approved and how much you can receive.
How can I apply for an urgent personal loan with bad credit?
Simply fill out the e-application below, and our staff will contact to you and guide you through. Below are the steps:
Step 1
Complete the online form with your personal details:
Step 2
Our staff will review your application and contact you to discuss your eligibility and expected loan amount before asking you to visit the office for loan disbursment.
Step 3
During your visit to your office, we will explain the loan terms, repayment schedule, interest rate, and fees before you sign the loan contract. You may also be required to prepare various documents, such as your payslip, bank statement, and CPF contribution history. You can rest assured that our staff will clearly inform you of the required documents beforehand.
Step 4
Upon approval of the loan, you will receive the fund disbursement on the same day. Our process is simple and fast. Most of our client get their loan approved on the same day.
Fill out the e-appliction form below to determine your eligibility.
Transparent Repayment Interest Rates
FAQ About Bad Credit Loans in Singapore
Having bad credit in Singapore can make it harder to qualify for bank loans, credit cards, or other forms of credit. You may also find that financial institutions ask for more documents or reject your application because of your past repayment history.
Yes. If you have been rejected by banks or other lenders, you may still submit an application for review.
Many borrowers with bad credit are rejected because banks rely heavily on credit scores, debt ratios, or strict internal approval rules. Licensed moneylenders may still consider your application if you possess a stable income and can manage a structured repayment plan.
You may still be able to submit an application, but you will need different documents to support your income. This may include CPF contribution history, bank statements, Notice of Assessment, employment records, or other proof of regular income.
If you do not have standard income documents, our team can advise what supporting documents may be accepted after reviewing your situation.
Bad credit can make it harder to access bank loans, credit cards, installment plans, or emergency credit. This may force you to rely more on cash savings when unforeseen expenses come up.
A licensed bad credit loan may help in urgent situations, but it should only be taken when the repayment amount is manageable. Borrowing more than you can repay may worsen your financial position.
Licensed moneylenders in Singapore are legally capped on the interest they can charge. The maximum interest rate is 4% per month.
Before signing the loan contract, the lender should clearly explain the interest rate, repayment schedule, permitted fees, late fees, and the total repayment amount.
Most of our customers receive same-day loan approval. However, it depends on how your document and application are completed, as well as loan eligibility factors such as your income, repayment ability, and existing loans.
You can start the application online, but final verification and contract signing must be completed in person at the approved place of business before the loan is disbursed.
Yes, i-Credit is a licensed moneylender in Singapore. Before borrowing, you should always check that any lender you deal with is listed on the Registry of Moneylenders.