Short Term Loans in Singapore | Quick & Urgent Loans Online
Facing unexpected expenses or an urgent need for funds? A short term loan in Singapore can offer a quick and convenient solution to bridge financial gaps. Whether you’re dealing with family emergencies, car repairs, or simply need extra cash until your next paycheck, 1-Money’s quick and urgent loans can provide much-needed financial help.
(99% loan approval rate)*
What Is a Short Term Loan?
A short term loan is a type of financing designed for immediate financial needs, typically repayable within 1–3 months. These loans offer a quick and flexible solution for managing urgent expenses, eliminating the lengthy approval processes associated with traditional loans.
Common scenarios where short term loans can help:
Emergency Bills
Sudden medical, utility, or unforeseen household costs.
Temporary Cash Flow Gaps
Bridging the gap between income cycles for individuals or small businesses.
Payday Loans
Quick, small-amount loans to cover essential expenses before the next salary.
Unexpected Purchases
Immediate funding for travel, education, or urgent home repairs.
Types of Short Term Loans in Singapore
Short term loans in Singapore come in various forms, each tailored to meet different financial needs. Understanding the types available can help you select the right solution for your situation:
Payday Loans
For small, urgent expenses, repaid in a lump sum on your next payday.
Cash Advances
Immediate funds for emergencies, short-term and flexible.
Bridging Loans
Temporary financing while awaiting larger funds or arrangements.
Instalment Short Term Loans
Repaid over a few months in regular instalments, ideal for urgent expenses like renovations or medical needs.
Why Choose 1-Money’s Short Term Loans?
1-Money is a licensed moneylender regulated by Singapore’s Ministry of Law, providing accessible and transparent lending solutions tailored for your financial needs.
What makes us different:
Fast approval and funding
No hidden fees or unclear terms
Personalised loan options for your financial circumstances
Up to 24 months loan instalment plan
Who Can Apply for a Short Term Loan?
Applying for a short term loan in Singapore is simple and flexible. Eligibility depends on basic criteria:
Age
You must be 18 years old and above.
Employment Status
Applicants should be either employed or self-employed with a stable source of income.
Residency
Open to Singapore Citizens, Permanent Residents (PRs), and eligible Foreigners (S Pass or Employment Pass) residing in Singapore.
How Much Can I Borrow for My Short Term Loan?
The amount you can borrow for a short term loan in Singapore depends on your annual income and your ability to repay the loan comfortably. At 1-Money, we assess your financial capacity to ensure responsible lending while providing you with the funds you need.
Here is a breakdown of the borrowing limits:
| Annual income | Singaporeans / Singapore PRs | Foreigners |
|---|---|---|
| Under $10,000 | $3,000 | $500 |
| $10,000 to $19,999 | $3,000 | $3,000 |
| $20,000 and above | 6X monthly salary | 6X monthly salary |
What Are the Necessary Documents for a Short Term Loan?
Preparing the right documents helps speed up your short term loan application and ensures a seamless approval process. Depending on your employment and residency status, you may need to submit different sets of documents. Here’s a quick guide to what you’ll need:
For Singaporeans and PRs Employed (Full-time or Part-time):
- NRIC (Front and Back)
- Latest 3 months’ CPF contribution statements (Priority)
- Notice of Assessment (NOA) – may be requested
- Latest 3 months’ bank statements showing proof of income – may be requested
Self-Employed (e.g. commission-based earners, gig workers, freelancers)
- NRIC (Front and Back)
- Latest 3 months’ bank statements showing proof of income (Priority)
- Notice of Assessment (NOA) – may be requested
For Foreigners
- Valid work pass (S Pass/E Pass)
- Latest 3 months’ bank statements showing proof of income
- Proof of address (e.g. tenancy agreement, utility bills, phone bills)
What Our Customers Say
See why clients choose 1-Money for short term loans in Singapore.
3 Steps to Apply for a Short Term Loan
Submit Your Application
Apply online via our website or visit our office with the necessary documents.
Verification & Discussion
Visit our office for face-to-face verification and discuss your loan terms and requirements.
Finalise & Receive Funds
Once approved, sign the loan contract and receive your funds via cash or bank transfer.
FAQs for Short Term Loans in Singapore
How fast can I get my short term loan?
Once your contract is approved and signed, the funds will be disbursed immediately.
What is the interest rate for short term loans?
Licensed moneylenders in Singapore may charge up to 4% per month. 1-Money offers rates as low as 3.92% per month.
How can I improve my chances of approval?
Maintain a good credit score, provide proof of stable income, and submit complete, accurate information.
What is the repayment period for short term loans?
The repayment period is up to 24 months, subject to approval.
What types of repayment plans are available?
Flexible monthly or weekly instalments to suit your finances.
Are there charges for early repayment?
No. 1-Money does not charge early repayment penalties for our short term loans or any other loan offering, such as wedding loans, business loans, renovation loans and medical loans.
How to choose the best licensed moneylender for a short term loan?
Check their legal status
Ensure the lender is a licensed moneylender, such as 1-Money.
Read verified reviews
See 1-Money reviews to find out about the customer experiences of others.
Compare interest rates & terms
Look for transparency and flexible repayment options.
Consider customer service
Choose a lender who is helpful, responsive and easy to reach.
Compare loan options
Match the short term loan type, amount, and repayment period to suitable ones that align with your income and repayment ability.
How can I find out more about 1-Money’s short term loans?
You may contact us via phone, WhatsApp, or visit our office — all the information you need can be found in our Contact Us page. Our team is always ready to provide guidance, answer enquiries, and assist with your short term loan application.
Are licensed moneylenders open on Sundays?
Not all, but 1-Money is open on Sundays, 11am–4:30pm, ready to assist urgent financial needs every day of the week.
Need cash fast
Apply for a short term loan with 1-Money today.
*Subject to terms and conditions