Foreigner Loan

Personal Loan for Foreigners in Singapore

We welcome Work Permit, S Pass and E Pass Holder to Apply

If you are a foreigner working in Singapore, chances are you may face some financial difficulties too, just like every other citizen of the country. However, your case is a bit different: while the citizens have friends and family to approach for financial assistance, you probably don’t have such privilege. Does that mean there is no way out? Far from it!

If you find yourself in such a distressing situation, Raffles Credit is there to offer you a lifeline, take advantage of the country’s Foreigner Loan to attend to that biting financial problem.

As a foreigner who needs a loan, you must meet some conditions as a proof of your eligibility for the loan.

Office Staff

Foreigner Loan Qualification Criteria

  • You must be at least 18 years old.
  • For Foreigner : You must have a regular employment or source of income with an annual income that is $24,000 and above. ​
  • If your annual income is below this amount, your chances of getting the loan are reduced.
The following documents are required in applying for the Foreigner Loan:

For Foreigner (Minimum Income > S$2000)

  • A valid work permit / S Pass / Employment Pass
  • Passport​
  • Proof of Employment (staff pass, company pass, recent 3 month Pay slips & employment letter)
  • Proof of Residence (Tenancy Agreement & recent bill or letter addressed to you)
  • Latest bank statement of account to which salary is credited
  • Singpass (To Download IRAS NOA)

If you satisfy the requirements above and have the necessary documents to back up your claims of a steady source of income, your application form has a high rate of approval.


A couple of the benefits of this loan type are:

Unsecured loan: The foreigner loans are 100% unsecured. This means that you will find it very easy to get the appropriate financing as an expatriate working in.

Flexible repayment: Your unique need and repayment ability are considered when planning your repayment.

Easy application: Applying for the loan is also very easy. You first need to read the basic requirements whether you can meet them or not. If you meet them, just approach the company and you can easily get the loan for your urgent needs.

Lower interest rates: A foreigner loan is designed to ease your financial needs and not to pile more pressure on you. In view of this, when you take our Foreigner loan, the interest rate is low enough to make repayment easy for you.

Rather than giving up under the pressure of financial pressure, take a Foreigner loan to keep your finances under control. This will keep you in absolute control of your life.

Office lady

Get preliminary approval in 30 minutes by applying here

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