Get an unsecured loan up to 6x your monthly income with flexible repayment periods and the lowest interest rates, making us Singapore’s #1 licensed money lender.
In today’s fast-paced world, where time is as valuable as money, Magnus Credit offers a tailored personal loan service to meet your urgent financial needs.
Whether you need a personal loan to pay off long-overdue bills, buy something you need or pursue education, we are always here to help you.
Our unsecured personal loans are designed to help you achieve your goals without the wait. With a simple online application, you can secure funds quickly, receiving cash immediately upon document approval.
Our experienced loan specialists are committed to guiding borrowers especially if you’re borrowing for the first time through a seamless process.
Choose Magnus Credit for a personalised loan experience and make strides in life with our swift financial solutions.
Magnus Credit, a top lender in Singapore, ensures that your journey to financial freedom starts here, with our trusted and efficient personal loan services.
Simply fill out and submit the 2-minute loan application form or apply with Singpass My Info.
Check your loan status within the next few hours and know the maximum amount and term.
Head to our office, sign the loan agreement then get your funds instantly.
Our customers’ positive reviews show our commitment to excellence. Read on to see why they trust us.
Apply for the financial support you need in just 2 minutes!
A personal loan is an unsecured loan that allows you to borrow a lump sum of money and repay it over a fixed period, typically with monthly instalments.
It can be used for various personal expenses, such as:
A personal loan is typically provided every month and repaid in instalments over a set period, often 6, 12, 24, or 36 months.
You can apply for a personal loan by visiting our office or through an online application on our website. You'll need to provide your details, financial information, and relevant documents.
Eligibility criteria generally include being at least 21 years old, having a minimum monthly income, and being a Singapore citizen, PR, or foreigner with a valid work permit.
Typically, for Singapore citizen and PR, you’ll need to provide:
For Foreigners:
We offer quick approval, often on the same day given that the documents are complete. We will disburse the funds to you immediately after you have accepted and signed our loan contract.
The interest rate for personal loans from licensed money lenders is capped at 4% per month by Singapore law, depending on your creditworthiness and the loan amount.
Yes, we allow early repayment of personal loans without penalties.
Yes, Magnus Credit offers personal loans to individuals with bad credit, though the loan amount and interest rates may vary depending on your financial situation.
A personal loan can improve your credit score if you make timely payments. Regular and prompt repayments demonstrate financial responsibility and help build a positive credit history.
Before applying, consider factors such as the loan amount, interest rate, loan tenure, monthly repayment amount, and any fees associated with the loan. Ensure that you can afford the repayments and understand the terms of the loan.
No, we are committed to confidentiality so we do not send any loan information to your home. All loan details are stored digitally and securely with us unless you request a physical copy.
The main differences are in eligibility, approval time, and interest rates. Licensed moneylenders often offer faster approval and are more flexible with credit requirements. Banks typically offer lower interest rates but may have stricter eligibility criteria and longer approval processes. Collateral could also be requested along with additional documents.
Magnus Credit stands out as a top-tier financial provider in Singapore, known for its attractive loan offerings. We cater to the needs of borrowers with the lowest interest rates, streamlined processes, fast cash disbursement, and flexible repayment plans and terms tailored to your situation.
See other options to apply for the loan.
Call us for assistance at 6338 9891 to answer all your queries about a personal loan with us.
Get a real-time estimate of what you get and your monthly loan instalments.
Visit our office and speak to our friendly and professional loan specialists.
Send us your online application which only takes 2 mins.
Get the answers to your enquiries.
301 Ubi Ave 1,
#01-279
Singapore 400301
