Foreigner Loan

High approval rate . Quick disbursement . Minimal paperwork

What is a foreigner loan?

A foreigner loan is a type of personal loan specially designed for foreigners living in Singapore. Being one of the busiest business hubs in Asia, plenty of foreigners visit the little red dot for work. While it is possible to get a loan in a foreign country, financial institutions will consider your income and type of employment permit.

At GS Credit, we understand that you may struggle to get a loan from a bank in Singapore. If you're in an emergency with a tight income, you might not get the loan you’re looking for.

GS Credit has been serving foreigners for the past few years, and we understand their needs more than anyone else. If you need to get a loan, apply and let us help you.

This loan is ideal for those...

Looking for a fast cash loan
Foreigners and expats working and living in Singapore
Who need money to pay their rent and bills

3 simple steps to receive your instant foreigner loan

Submit our online application form. It only takes 3 minutes!
Receive your application results from our loan officers within the hour.
Head down to our office premise, sign the loan contract and receive your loan instantly.

Frequently Asked Questions

When do you use a foreigner loan?

Pay outstanding bills

Do you have outstanding phone bills, internet bills or even credit card bills? Dragging the payment for such matters will negatively affect your financial profile and allow interest to accumulate. If you need a helping hand for these bills, you can get an affordable foreigner loan from GS Credit to pay all your dues by tomorrow.

Further your education

The workforce environment in Singapore is continuously shifting, thus making several jobs obsolete. If you want to keep working in this country, you need to hone your skills regularly. Training classes and certifications might be expensive, but GS Credit will help with personalised loan packages.

Pay for rent

If your rental agreement is coming to a close and you need to find a new place to live, you can count on our personalised foreigner loans. We will transfer your cash quickly for the rental agency, upfront rent, as well as new furniture you may need.

Pay for emergency procedures

Medical expenses in Singapore are pricier than in other countries. Even if you’re entirely healthy before coming to the country, you might still run into medical issues during your stay here. You never know when your body glitches. Use our convenient loans to solve your medical emergencies now before they aggravate.

Living expenses

If you are waiting for your paycheck or is in the midst of a job switch, a foreigner loan might come in handy. Bills still need to be paid and you still need money to purchase food. Our customised foreigner loans assist you with fast cash that will tie you over until your next paycheck. You will also benefit from convenient repayment terms and low interest.

Will it be easy for me to obtain a foreigner loan?

Yes! We aim to keep our loan application process fast and simple.

As long as you have all your required documents in check, you should be able to receive your loan within the hour.

What documents do I need to prepare for a foreigner loan application?

Work Permit / S Pass / E Pass
Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
Payslips / bank statements

What kind of loan tenures do you offer?

Loan repayments for GS Credit are made monthly.

How fast can my foreigner loan be approved?

If all documents are in order, your loan can be approved within the hour!

What happens if I am unable to repay the loan on time? Can I get a loan extension?

If you are struggling with monthly repayments and wish to opt for a loan extension, you can do so by visiting us at our business premise and speaking to any of our loan officers.

They will then be better able to access your financial situation and provide you with a personalized solution.

Are there any borrowing caps/limits for foreigner loans?

Following stricter government measures in 2019, there have been additional loan caps put in place with regard to foreigner loans.

To receive the latest borrowing caps for foreigner loans, you can contact us at:

By phone: 6563 0321
By email: [email protected]

Or visit us at our business premise:

1 Gateway Drive, #06-08 Westgate Tower, Singapore 608531

Mon to Sat – 11.00 AM to 8.00 PM
Closed on Sun and PH

What is the maximum loan amount that I can borrow?

This will depend on your monthly income.

However, as long as you have the stipulated documents ready, you may state your preferred amount, and we will try our best to accommodate to your needs.

Do you charge any loan upfront fees?

Absolutely not!

We do not charge any upfront fees. If there are instances where additional fees are required, they will all be made known to you.

What should I consider before taking up a foreigner loan with GS Credit?

Taking up a loan is a form of commitment and requires discipline to ensure that you do not fall behind your monthly repayments and incur additional fees.

You should:

Ensure that you are clear of all the details on your loan contract before you sign on it. Once you have signed the contract, you will be legally obliged to fulfil the loan contract that you have entered into with the moneylender.
Evaluate your financial situation to ascertain whether you are able to handle the loan and work out a concise plan on how you will be able to afford the monthly repayments.
Understand that late payment fees and interest will be charged should you fail to make timely repayments.
Fully understand the terms & conditions stipulated in the loan contract, especially your repayment schedule, interest rate charged and any additional fees applicable.
Look around for a moneylender that suits your needs best and can afford you a comfortable loan tenure with manageable monthly repayments.

How do I make payment for my foreigner loan?

You can make your loan repayments via GIRO, bank transfer, or visit us at our office.

What are the fees licensed moneylenders can charge?

The only other fees that licensed moneylenders can charge are late repayment and interest fees.

How do I know if a moneylender is licensed or not? How do I differentiate them from illegal lenders or scammers?

Check out the name of the moneylender against the list of licensed moneylenders by the Ministry of Law.

It can also be simple to spot an unlicensed moneylender through the following signs:

Using texts / WhatsApp messages / calls to solicit for loan applications
Approving of a loan remotely, without the need to meet them at their business premise
Asking you to transfer a sum of money to them before disbursing the loan to you
Instant, fuss free loan approval
Fake business websites that utilize a hand phone number as a point of contact instead of an office landline

In addition, it is also important to note that licensed moneylenders are only permitted to advertise their services through the following channels:

Business consumer directories
Their own website
Shopfront and window details of their business premise

Hence, if you come across any forms of advertisement online (Google / Facebook / Instagram ads) promoting GS Credit, do not interact with them. They are either loan sharks or loan scams.