CFI Foreigner Loan
Here to help foreigners
Foreigners in Singapore may not have much recourse, as their families are in different countries, while they are here working hard to help support them. It can be very difficult when something unfortunate happens here, with no one to help, or back home when the sole breadwinner may not be there to secure a loan.
It is for this exact circumstance that we at Capital Funds Investment decided to start the CFI Foreigner Loan. Unlike the business loan, which is open to foreigners, personal loans may be tougher to get. And we understand that as a foreigner, it can be difficult to find a financial institution to trust you and offer you a loan. Even when they do, it can take a while before they approve your loan and for you to get ahold of the money. However, with CFI, you can be assured of getting the money instantly after a thirty minute approval process!
How to Apply for Our Foreigner Loan
We understand how complicated it is for expats to secure a loan. At CFI, we make the process easy and hassle-free. To be eligible for our foreigner loan, you must be at least 21 years old and have a valid work permit. We also require the following documents:
- Employment pass
- Employment or confirmation letter from your employer
- Payslips from the past three months
- Tenancy agreement (only if your current dwelling is rented)
Any questions about the required documents or application process? Give us a call and we will talk you through the process.
Pick the right moneylender
There are many unlicensed moneylenders out there who are out to cheat foreigners working in Singapore, offering small loans with hidden fees attached and extremely high interest rates. Or even charging high upfront administrative fees and disappearing before producing the loan itself. And it can be very difficult for foreigners to find representation or to find the time to pursue and get their money back when they are already struggling to find extra cash for their emergencies.
Don’t trust any unlicensed moneylender in Singapore. Unlike most other money lenders, Capital Funds Investment, is Ministry of Law-approved and licensed. We are a licensed money lender and that means that we will never try to cheat you and disappear and you can trust us to provide you with a fair loan. Furthermore, you can trust us to not abuse the confidential information that we get from you during your application process. In fact, the Ministry of Law has good advice on its website that foreigners should always read up on before making any loans.
Apply online for a foreign loan now, or sit down with one of our many financial service experts to figure out what the best foreigner loan package we can get you to help you with all your needs.