Here to help foreigners
Why Get a Foreigner Loan?

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!

If you are a foreigner living in Singapore in need of immediate funds, CFI’s foreigner loan can help you sort through or meet any financial obligation

A foreigner loan is a personal cash loan accessible to permanent residents or non-citizens studying, working, or living in Singapore. Unlike personal loans for Singaporeans, the approval for this loan depends on the applicants’ income requirement, salary, and employment pass/permit type.

Why Get a Foreigner Loan?

Expatriates struggle with getting personal loans from banks due to the collateral requirement. Foreigners are most likely dependent on their salary for financial security, which makes finding an affordable loan a challenge — an unpleasant scenario, especially if you’re in the midst of an emergency.

A foreigner loan covers for your unique financial needs. When you get in touch with CFI’s consultants, we immediately discuss your available options. All of our loans suit a variety of budgets, and we adjust them according to your specific needs.

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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 18 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
  • Passport
  • 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.

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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.

Lastly, working with a trusted financial institution like Capital Funds Investment will allow you to tailor your loan repayment plan into one suited to your lifestyle needs and salary.

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.

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Frequently Asked Questions

Capital Funds Investments’ foreigner loan is a personal loan that caters specifically to non-Singaporeans who are currently residing in Singapore, and yet require urgent cash relief that many banks and other financial institutions may not offer to foreigners.

Most personal or fast cash loans offered by financial institutions, such as banks and local moneylenders, are exclusive to Singaporean citizens and Permanent Residents. We at CFI understand that foreigners in Singapore may therefore face difficulties in obtaining personal loans in times of need; and even if they do, it may take a while before loan is approved for you to get a hold of the money.

To be eligible for a loan as a foreigner, you must:

  • Be 18 years old or above as of the date of application
  • Have a valid work permit

No. We will do our best to accommodate your loan requirements, and assess your profile and financial information to ensure you are able to make repayment as soon as possible at the lowest interest rates available.

To be apply, you will need to provide your:

  • Employment pass
  • Passport
  • Employment or confirmation letter
  • Pay slips form the past three months
  • Tenancy agreement if your current place of residence is rented

Once your application has been submitted with all of the required documents, it will take a maximum of 30 minutes for your loan application to be reviewed and approved, after which we will issue you a cheque, cash, or bank transfer, depending on your preference.

No, so long as you provide and meet our abovementioned requirements. You may state your preferred amount, and we may or may not grant this after assessing the documents provided by you.

The maximum tenor for the foreigner loan is one year. You may indicate your preferred tenor, although it is subject to our review and approval while we process your loan request.

May I fully repay the loan at any time before my tenor ends, when I have available funds?

Yes. We will not charge an early repayment fee, and any outstanding interest owed to us will be waived should you settle the owed amount earlier than agreed.

You may consolidate your foreigner loan with CFI, along with other personal loans you have taken and are currently repaying, into our debt consolidation loan programme. To find out more, click here.

Yes, but you may only do so at least one month after the approval of your foreigner loan with us.