Payday Loan

1 Fullerton Credit’s payday loan lets you borrow up to one month’s worth of your salary in the event of a financial urgency. This plan is designed to alleviate your short-term financial crisis and must be paid on your next paycheck.

If you find yourself short on cash or tight on a budget this month, opting for a payday loan from a money lender is an option if your bills and emergency expenses can’t wait for your salary. As simple as it is, it works by borrowing money from us and paying back when you receive your next paycheck.

The key differences between a payday loan and a personal loan are the amount of the money you can borrow and the tenure payment plan. 

A payday loan allows you to borrow up to one month’s worth of your salary and must be paid back in less than a month. 

On the other hand, a personal loan allows you to borrow up to six months’ worth of your salary and lets you pay monthly until the loan is paid off.

The monthly payment depends on the terms and conditions of your payday loan or personal loan contract, interest rate, monthly salary, processing fees, and repayment capabilities.

Rest assured that there are no hidden charges being imposed by 1 Fullerton Credit. We take honesty and transparency seriously and discuss all the fees before you sign the contract. 

Aside from 1 Fullerton Credit’s fuss-free application process and excellent customer service, we also take pride in our comprehensive payday loan plan and personal loan plan for your immediate financial needs. When getting a payday loan from us, you’ll get the following advantages:

• Fast release of money
• Low-interest from 1 to 4% only 
• No credit score checking
• Borrow up to one month’s worth of income

1 Fullerton Credit follows the Singapore Ministry of Law required charges and expenses. In accordance with the Singapore Ministry of law, the following are the applicable fees being charged to our clients: 

• A fee not exceeding $60 for each month of late repayment;
• A fee not exceeding 10% of the principal of the loan when a loan is granted; and 
• Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any payday loan in Singapore, consisting of interest, late interest, upfront administrative, and late fee also cannot exceed an amount equivalent to the principal of the loan.

Meanwhile, the permitted maximum interest rate we charge is 4% per month, regardless of the borrower’s income and whether the loan is an unsecured or secured one. 

If a borrower fails to repay the payday loans on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

The computation of interest charged on the payday loans must be based on the amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower which are appropriated to the principal. 

The late interest can only be charged on an amount that is repaid late. The moneylender cannot charge on amounts that are outstanding but not yet due to be repaid.

Applying for 1 Fullerton Credit’s payday loan is easy and straightforward as long as you have your complete set of documents and information. The application will be processed in less than an hour.

After applying online or calling from the comfort of your home, our loan officer will schedule an in-person appointment to discuss the terms of your loan plan. You will receive the borrowed money on the same day as soon as the agreement has been signed.

Yes, your borrowing limit may differ from one another. Whether you’re a self employed individual or working on corporate companies in Singapore, banks can allow you to take out loans for a much longer tenure, but the process of releasing the money takes time.

If you need more funding, you may opt for our personal loans, which allows you to loan up to 6 months’ worth of your salary to be repaid by monthly payment.

To get the best payday loan rates in Singapore, you may check payday loans comparison sites online to weigh in your options. 

Please note that the interest rate depends on the loan plan you are applying for. Compared to unsecured loans, secured loans will have lower interest rates and can offer you a higher amount of money. 

Having collateral such as properties, real estate, bonds, collections and other items and objects of value can also help you lower your personal loans effective interest rates.

1 Fullerton Credit offers the lowest possible interest rates, in accordance with the Ministry of Law, ensuring you that we practice legal lending and help our clients also practice responsible borrowing by helping you manage the best loan plans suitable for your objectives, budget, and repayment capability. 

If you wish to see our clients’ testimonials, please visit our Reviews page. You may also apply online or call us for further details. 

Yes, you can. Unlike banks, 1 Fullerton Credit is known for allowing borrowers with bad credit to avail of a loan. However, your application will still be subjected to evaluation. This is to ensure that you don’t over-borrow and suffer more financial difficulties. 

Here are a few things we take into account:

• Your ability to repay the loan
• Certificate of employment
• Proof of income
• Other identification papers

For 1 Fullerton Credit’s payday loan, the repayment period is on or before your next paycheck, within one month.

You are advised to seek clarification on the loan offer and its terms before signing any contract. We are happy to explain the loan terms and conditions so you know exactly what you’re getting into. That said, do not rely solely on the information provided in an advertisement by a money lender.

1 Fullerton Credit offers the best payday loans in Telok Ayer Chinatown, Singapore. Our office is conveniently located near Telok Ayer MRT. 

Address: 110 Telok Ayer St, #110-A, Singapore 068579

Operating Hours: Mon-Fri: 10:30am – 8:00pm | Sat-Sun: 10:30am – 4:30pm (Closed on Public Holiday)

1 Fullerton Credit payday loans are designed to ease your financial emergencies. Whether you’re a self-employed individual working in corporate offices, we make sure to give you the cash that you need immediately, in as short as a few days.

We are proud of our competitive payday loans that adhere to the Moneylenders Act. And we only impose the required and permitted fees and interest rate and make sure to customize the payday loans accordingly.

Moreover, the ultimate goal of payday loans is to help you with your financial difficulties, not to add a burden to your financial trouble. Take it from our clients’ verified reviews on Loan Advisor, Google Reviews, and Business Listings, that can attest to our promises and core values — professional, efficient, and client-oriented. 

We look forward to serving you.