Quick Credit

What Quick Credit does

Quick Credit Pte Ltd is a licensed moneylender operating from a single physical office in Jurong, Singapore (Blk 353 Jurong East St 31), supplemented by a 24/7 online application portal and a mobile application. Incorporated as a Singapore private limited company and licensed by the Ministry of Law Registry of Moneylenders (License 29/2025, granted in 2002), the company has been in continuous operation since 2001. Its core product set comprises four unsecured loan categories — personal loans, payday loans, SME business loans, and debt consolidation — plus a loan calculator tool. Loan approval is targeted within 30 minutes, with on-the-spot cash disbursement at the walk-in office, differentiating against slower bank-based financing.

The underlying technology stack is a conventional licensed-moneylending web platform with a mobile app, an online application form, and CSA Cyber Essentials certified security infrastructure. There is no disclosed use of AI, machine learning, or algorithmic credit decisioning; underwriting is described as a manual team review process. The technology positioning is therefore characterized as a digitally-enabled but human-driven credit workflow rather than a fintech or data-driven lending platform.

The business model is interest-and-fee income on unsecured consumer and small-business credit, with pricing tightly regulated by Singapore's Ministry of Law: a 4% per month interest cap, a 10% administrative fee cap on principal, a S$60 per month late payment fee cap, and an aggregate cost-of-borrowing cap equal to the original principal. Go-to-market is direct-to-consumer via the Jurong walk-in office (located 3 minutes from Chinese Garden MRT), supported by SEO, Google Maps listings, blog content marketing (49 pages of educational content), and 1,900+ five-star Google reviews. The company has lifetime funded S$50M in loans to over 10,000 clients. Customer segments include Singapore citizens and PRs, foreign workers with valid work passes, payday-loan borrowers, SME owners, and debt-consolidation seekers. The MinLaw license authorizes up to 4 outlets, but only one is currently operated.

Name

Quick Credit

Legal name

Quick Credit Pte Ltd

Website

https://quickcredit.com.sg

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Quick Credit is a Singapore Ministry of Law licensed moneylender (License 29/2025) operating from a single Jurong office plus 24/7 online and mobile channels, offering personal, payday, SME, and debt consolidation loans to individuals and small businesses since 2001.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Cash Advance (Online & Storefront) (FSAKAMAC)

akta.pro secondary industries

Emergency & Short-Term Installment Personal Loans (Unsecured) (FSAKAAAH), Single-Payment Payday Loans (FSAKAMAA), Bridge Loans & Emergency Short-Term Credit (FSAKAMAJ)

Keywords

• Licensed moneylending
• Personal loans
• Payday loans
• Debt consolidation
• Business loans

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income: Quick Credit earns interest on loans provided to borrowers. Interest rates are capped at 4% per month by the Ministry of Law for all licensed moneylenders in Singapore. This applies uniformly to all loan types including personal, payday, and business loans.
2. Processing and Administrative Fees: One-time upfront administrative fee of up to 10% of the principal loan amount. Late payment fees are capped at $60 per month. These fees are regulated by the Ministry of Law.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Quick Credit is a licensed moneylender in Singapore that provides unsecured personal loans, payday loans, business loans for SMEs, and debt consolidation services to Singapore Citizens, Permanent Residents, and eligible foreign workers. The company guarantees 30-minute loan approval with on-the-spot cash disbursement, serving borrowers who need urgent funds for emergencies, short-term cash flow gaps, business working capital, or consolidation of multiple high-interest debts. All lending is conducted at a single Jurong office and through a 24/7 online application form, under the regulatory framework of Singapore's Ministry of Law.

Product overview

Quick Credit operates as a single-location licensed moneylender in Jurong, Singapore, offering a focused portfolio of unsecured loan products. The core offering consists of Personal Loans (for general expenses with 30-minute approval), Payday Loans (short-term until next salary), Business Loans (for SME financing), and Debt Consolidation services. These products are designed for Singapore residents, permanent residents, and eligible foreigners, with all loan types processed in-person at their Jurong office. A Loan Calculator tool is provided for borrower planning. The company emphasizes fast processing (within 30 minutes), transparency in rates, and compliance with Ministry of Law regulations capping interest at 4% per month.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Loan
• Payday Loan
• Business Loan
• Debt Consolidation

Quantifiable outcome

• 30-minute loan approval guarantee
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators5 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Credit 21: Credit 21 is a licensed Singapore moneylender offering personal, payday, debt consolidation, and business loans. Directly comparable peer with similar regulated-rate product set and walk-in service model.
• Speedy Credit: Speedy Credit is a Singapore-licensed moneylender focusing on fast personal and payday loan disbursement. Overlaps directly with Quick Credit on speed-of-funding value proposition and target borrower segments.
• Cash Mart: Cash Mart is one of Singapore's largest licensed moneylenders, offering personal, payday, and business loans under Ministry of Law regulation with multiple outlets. It is directly comparable to Quick Credit as a same-category, multi-outlet licensed lender serving similar customer segments at the regulated 4% per month cap.
• 365 Credit Solutions: 365 Credit Solutions is a licensed Singapore moneylender providing personal, payday, business, and debt consolidation loans with multiple branches. It competes head-to-head with Quick Credit in the same regulated retail-lending niche targeting urgent-cash borrowers.
• Bugis Credit: Bugis Credit is a licensed Singapore moneylender offering personal loans, payday loans, and SME financing under the same Ministry of Law framework. Comparable in product mix and compliance positioning to Quick Credit.
• Approved Credit (A1 Credit): A1 Credit (operating as Approved Credit) is a licensed Singapore moneylender with multiple branches providing personal, payday, and SME loans under the Ministry of Law framework. Comparable as a multi-outlet direct competitor.
• Heartland Credit: Heartland Credit is a licensed Singapore moneylender that provides personal, payday, and business loans at regulated rates. It is a directly comparable peer in terms of single- or multi-branch licensed-money-lending operations.

Broad incumbents

• MoneyMax: MoneyMax is a publicly listed Singapore pawnbroker and licensed moneylender with a broad multi-product offering across pawnbroking, unsecured personal loans, and corporate advisory. It serves as a broader incumbent peer to Quick Credit in the alternative-credit space.
• Lloyds Bank Singapore (Personal Loans): Lloyds Bank and other Singapore-licensed banks offer unsecured personal loans as a broader-incumbent alternative. Although they target higher credit-quality borrowers and operate under a different regulatory regime (Banking Act), they sit at the adjacent boundary of Quick Credit's addressable market for customers who can qualify.

Others

• Singapore Licensed Moneylenders Association: The SMLA is the industry body representing licensed moneylenders in Singapore. Relevant as an industry-association peer reflecting the regulatory and competitive ecosystem in which Quick Credit operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quick Credit