Singa Credit

What Singa Credit does

Singa Credit Pte Ltd is a Singapore-licensed moneylender operating under License No. 130/2021 from the Registry of Moneylenders and regulated by the Ministry of Law under the Moneylenders Act. Founded in 1992 (formerly Yong Seng Credit), the company is headquartered in a single Bugis Cube office and serves retail borrowers across Singapore through six loan products: personal loans, payday loans, business loans, bridging loans, foreigner loans, and a pioneering 1% interest rate loan positioned as the lowest rate in the market. Its customer base primarily consists of individual consumers needing fast cash for emergencies, debt consolidation, or property transactions, with secondary segments in small business owners and foreigners or expats requiring local credit access. The business operates on a direct-to-consumer model combining an online application portal, phone and WhatsApp channels, and mandatory in-person office consultation before same-day cash disbursement, with interest income and capped processing fees (10% of principal) as the primary revenue streams within the regulatory caps of the Moneylenders Act.

Singa Credit's underlying technology consists of a tech-enabled approval algorithm supporting 8-minute loan decisions, backed by a web application portal and mobile apps on Apple Store and Play Store that enable 24/7 submission. Approval is based primarily on income rather than credit history alone, allowing the company to serve borrowers who would not qualify for traditional bank credit. Maximum loan sizing is up to 6x monthly salary under personal loans, with monthly billing cadence across most products except payday loans, which are pay-as-you-go. The company has received the Singapore Outstanding Enterprise award from the Singapore Resource Association and runs the SingaCares CSR initiative, including a 2020 partnership with Inspired Employment Consultancy to provide job placement support to distressed borrowers during the COVID-19 period.

Name

Singa Credit

Legal name

Singa Credit Pte Ltd

Website

https://singacredit.com

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Singa Credit is a Singapore-licensed moneylender (License No. 130/2021) offering personal, payday, business, bridging, foreigner, and 1% interest rate loans to retail consumers and small businesses through a single Bugis office, online portal, and mobile apps.

Ownership category

akta.pro rank

Product category

Consumer Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Personal Credit Institutions (6141)

akta.pro primary industry

Single-Payment Payday Loans (FSAKAMAA)

Keywords

• Licensed moneylending services
• Personal loan products
• Payday loan services
• Business loan financing
• Bridging loan solutions

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: Primary revenue stream from interest charged on various loan products including personal loans, payday loans, business loans, bridging loans, and foreigner loans. Interest rates vary by product with the flagship 1% loan program offering the lowest rate. Regulated maximum of 4% per month under Moneylenders Act.
2. Processing Fees: Administrative fees charged on loan disbursements, capped at 10% of principal loan amount per Singapore Ministry of Law regulations. This is deducted upfront from the loan principal upon disbursement.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Singa Credit is a licensed moneylender in Singapore (License No. 130/2021) offering personal loans, payday loans, business loans, foreigner loans, bridging loans, and a flagship One Percent Loan. The company processes applications through a tech-enabled algorithm delivering approvals within 8 minutes, and disburses cash on the same day via online application portal combined with in-person office consultation at its Bugis Cube branch.

Product overview

Singa Credit is a licensed moneylender offering a portfolio of loan products designed for various customer needs. The core offerings include Personal Loans (versatile loans for diverse needs), Payday Loans (salary-based short-term loans), Bridging Loans (for property transactions), Foreigner Loans (for expats), Business Loans (for SME financing), and the signature One Percent Loan (pioneering 1% interest product). The company leverages a tech-enabled algorithm for fast approvals within 8 minutes and offers both online application portals and mobile apps for customer convenience.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Loan A versatile personal loan for borrowers in Singapore covering needs such as home renovations, medical expenses, and debt consolidation. Approval is based on income rather than credit history alone, with amounts up to 6x monthly salary and same-day cash disbursement.
• Payday Loan A short-term, salary-based loan designed to help borrowers in Singapore cover urgent expenses until their next payday. The loan amount awarded is based on the borrower's salary to keep carried-over debt minimal.
• Bridging Loan (Home Sales) A bridging loan for Singapore property owners needing liquidity to fund down payments on a new property or renovation/moving costs while waiting for proceeds from the sale of an existing property. Loan amount is based on a percentage of expected sale proceeds.
• Foreigner Loan A loan product for foreign nationals and expats in Singapore who need financial support, especially those new to the country or relocating family members. Requires local address and employment documentation.
• Business Loan A loan product for small business owners in Singapore to support business expansion, cash flow management, and operational stability where bank financing may be unavailable.
• One Percent Loan Singa Credit's exclusive pioneering loan product featuring a 1% interest rate, positioned as the lowest interest rate loan in Singapore, designed to help customers access affordable borrowing and stay on track financially.

Quantifiable outcome

• 8-minute loan approval through technology-enabled processing
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Inspired Employment Consultancy Pte LtdminorStrategic or Co-development Partner · 23 November 2020Singa Credit signed a Memorandum of Understanding with Inspired Employment Consultancy Pte Ltd on 23rd November 2020 to assist their distressed borrowers who have lost their jobs or are seeking better career opportunities. The partnership provides pro bono job placement assistance as part of Singa Credit's corporate social responsibility initiative called SingaCares, supporting customers during difficult times such as the global pandemic.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Validus Capital: Validus is a Singapore-based SME financing platform offering short-term business loans and invoice financing. Overlaps with Singa Credit's business and short-term-credit products but serves mid-market SMEs via a fintech/digital model rather than a licensed moneylender storefront.
• Funding Societies: Funding Societies is a Southeast Asian digital lending platform providing SME working-capital and business loans. Comparable to Singa Credit's Business Loan offering and targets similar SME borrowers underserved by banks, but uses marketplace/P2P mechanics rather than a licensed-moneylender balance sheet.
• Atome Financial (APAC): Atome operates BNPL and consumer credit products across Singapore and Southeast Asia. Tangentially comparable in consumer credit delivery, but uses a digital-first model with merchant integration rather than a licensed-moneylender balance sheet.

Others

• MoneySmart: MoneySmart is a Singapore financial comparison platform aggregating licensed moneylenders, banks, and personal loan products. Adjacent/comparable as a customer-acquisition channel and indirect competitor for the same borrower attention, but does not itself extend credit.

Direct peers

• Credit 21 Singapore: Credit 21 is a licensed Singapore moneylender offering personal, business, and payday loans under the same Moneylenders Act framework. Comparable in compliance posture, small-scale branch model, and target borrower profile.
• Cash Mart: Cash Mart is one of Singapore's largest licensed moneylenders, offering personal, payday, and business loans with similar regulatory exposure under the Moneylenders Act. Directly comparable in product mix, target segments, and price-cap dynamics, but operates at materially larger scale with multiple branches.
• License Money Lender Singapore (AAM): AAM is a Singapore licensed moneylender offering personal, payday, and foreigner loans with same-day disbursement. Directly comparable product suite and regulatory exposure.
• Bugis Credit: Bugis Credit is a Singapore licensed moneylender offering personal, payday, and foreigner loans from the same Bugis micro-market. Comparable in product scope, target borrowers (sub-prime and expats), and reliance on walk-in plus online channels.
• 1FSS Credit (Fast Money): 1FSS Credit is a licensed moneylender in Singapore focused on fast personal and payday loans with tech-enabled approval. Comparable in regulatory regime, product set, and emphasis on speed as a differentiator.

Broad incumbents

• SingCapital (IPF Digital Singapore): SingCapital (part of IPF Digital) is an established consumer finance provider in Singapore offering personal loans and refinancing. Comparable in personal-loan product but operates at greater scale with bank-style underwriting and serves prime rather than sub-prime borrowers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100063949395909

Compliance1 record

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 Singa Credit