Are you a foreigner residing in Singapore and in need of financial assistance? 1AP Capital offers unsecured foreigner loans of up to S$120,000. Our extended loan tenures deliver one of the best lending experiences for expats or foreigners working in Singapore. Apply Now
If you are a foreigner living and working in Singapore, and suddenly, you find yourself facing an unexpected cash crisis. Without access to traditional banking services due to your residency status, you are unsure of where to turn for financial assistance. That's where 1AP Capital comes in.
We understand the difficulties of living in Singapore, one of Asia's most expensive cities. Between covering rent, managing daily expenses, and remitting earnings back home, the financial burden can be overwhelming.
In moments of financial urgency, don't despair. 1AP Capital's foreigner loan is here to assist. Our foreigner loans provide you with the funds you need to cover emergency expenses, ensuring that you can focus on your health and well-being.
Tailored for expatriates and international workers in Singapore, our approach is understanding and accommodating, with a flexible stance on credit histories to provide the support you need.
As a prominent licensed moneylender, we are dedicated to fulfilling your financial requirements. Consider applying for a foreigner loan with us today.
We streamline our online application process to ensure a swift approval, often within just a few hours for qualifying applicants, making us your go-to for fast financial solutions.
Once your loan is approved, we ensure you receive your cash instantly, with no delays.
Our team will assess your income to devise a repayment strategy that suits your financial situation. We offer flexible solutions to meet your unique needs.
1AP Capital tailors financial solutions for expatriates in Singapore, offering easier access than traditional banks. With less stringent criteria, we support even those with imperfect credit or complex residency statuses, ensuring accessible financial assistance for every foreign worker's needs.
Our loans are structured to support your financial health, potentially improving your credit profile by consistently meeting repayment deadlines, enhancing your access to more favourable financial terms in the future.
It takes an estimated 5 minutes to complete or apply using Singpass.
Receive an in-principle approval within 25 minutes upon submission.
Sign loan contract face-to-face and get your money on the spot.
Foreigner loans are tailored financial solutions for expatriates living and working in Singapore, offering a lifeline in emergencies. These loans are designed to provide the necessary funds for various personal needs. They cater for rent, daily living expenses, and remittances back home, easing the financial pressures faced by foreigners working in Singapore.
There are no specific limitations on how you can utilise the funds from a foreigner loan. Whether it’s for settling bills, covering rental expenses, or supporting family abroad, these loans offer the flexibility to manage your finances effectively.
Yes, your credit history may affect your foreigner loan application. While the CBS credit score is commonly used by banks, licensed moneylenders may also review your MLCB report, which shows your borrowing and repayment record with licensed moneylenders in Singapore. Your income, work status, and ability to repay are also important when your application is assessed.
The impact of foreigner loans on your credit score involves considering various factors related to borrowing and repayment behavior. Below are the factors that determine your credit score.
At 1AP Capital, foreigner loan interest rates start from 1% per month, subject to approval and assessment. In line with MinLaw regulations, the interest charged by a licensed moneylender must not exceed 4% per month. Repayment terms are flexible and can be discussed based on your financial profile and repayment capacity before the loan is finalised.
At 1AP Capital, there are no hidden charges for our foreigner loan services. In accordance with MinLaw regulations, all interest rates, fees, and repayment terms will be clearly explained and included in your loan agreement before disbursement.
Permitted fees under Singapore law may include an administrative fee of up to 10% of the loan principal when the loan is granted, a late fee of up to S$60 per month, and applicable late interest within the legal limits.
At 1AP Capital, we believe in financial inclusivity and strive to accommodate a diverse range of borrowers. Here’s what you need to know about eligibility:
Open to all
We welcome applications from Singaporeans, Singapore PRs and foreigners with a valid work permit, as long as you are employed, self-employed, or have other forms of income.
Age requirement
The primary criterion is age. You need to be at least 21 years old to be eligible for a loan with us.
Our goal is to tailor the best possible loan plan for each individual, ensuring that it aligns with your financial situation and needs.
For Singaporeans / Singapore PRs:
For Foreigners:
1AP Capital’s loan application process is designed for speed and efficiency. Here’s how it works:
This streamlined process ensures that from application to disbursement, your experience is swift and hassle-free.
The amount you can borrow is influenced by your income, credit history, and existing financial obligations. We aim to provide the amount you need while ensuring your repayments are manageable.
Our personal loan calculator can help you understand your borrowing capacity and repayment scenarios.
Absolutely, you can! At 1AP Capital, we believe in giving everyone a fair chance, regardless of their credit history. Unlike traditional banks that may reject applications based on credit scores, we welcome all applicants.
Our approach is to assess each application on an individual basis. Our professional loan officers are dedicated to understanding your unique financial situation. If we determine that the loan is manageable within your current financial means, we are more than willing to extend our lending services to you.
At 1AP Capital, we encourage financial prudence and reward it by imposing no penalties for early loan repayments. Should you choose to settle your loan before the agreed-upon date, no additional fees will be charged, and any outstanding interest will be waived, aligning with our commitment to support your financial well-being.
Privacy is paramount at 1AP Capital. All loan agreements and communications are conducted digitally to ensure confidentiality. Physical copies of documents are provided only upon request, ensuring that your personal information remains secure with us.
