Frequently Asked Questions

To apply for a loan with U Credit, all the following criteria must be fulfilled:

• Be a citizen or permanent resident of Singapore, or for foreigners, have a passport and employment pass.

• Be above 21 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding.

• Be permanently employed, have a valid work permit (for foreigners) or self-employed with a valid income prove.

With effect from 1 October 2015, all moneylenders are only permitted to impose the following charges and expenses:

• 1.

  A fee not exceeding $60 for each month of late repayment;

• 2.

  A fee not exceeding 10% of the principal of the loan when a loan is granted; and

• 3.

  Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

Try the U-Credit Loan Calculator

Explore How to Build an Emergency Fund

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

Try the U-Credit Loan Calculator

Explore How to Build an Emergency Fund

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

Try the U-Credit Loan Calculator

Explore How to Build an Emergency Fund

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

Try the U-Credit Loan Calculator

Explore How to Build an Emergency Fund