Payday Loans

Living in Singapore can be difficult and expensive. And even with a paying job, if your payslip is even a day or two later than you expect, that can sometimes be enough to throw your budget off. Although it is not all your fault, you can be punished for not having access to the money right away.

Apply for a Payday Loan today. Unlike the Personal Loan, which is for larger personal projects and big-ticket expenses, the Payday Loan is designed to be small, quick, and accessible to anyone. To prevent sudden downturns or downfalls in financial situations, this loan is specifically made to be easily approved, and the cash quickly disbursed so that you don’t get punished by all those late fees and/or can pay for those sudden small expenses between now and the next paycheck.

With a short loan term, it can easily be paid off within a month, the payday loan is designed to give you a more flexible “payday” during the month when you need it the most. Instead of the end of the month, out of reach, or if it might happen to be late due to administrative problems, pick when you need your payday the most.

Furthermore, there are no hidden fees or long durations. In order to provide convenient, liquid funds just to tide you over for the next pay period, the period of the loan is typically short, and repayment is made within a day of receivership of the next paycheck.

Girl Smiling

The easiest approval process

To make the process of application easy for you, only 3 documents are needed:

  • NRIC / Employment pass
  • Income Tax Notices of Assessment
  • Latest pay slip
Girl Drinking Tea

Trusted, licensed moneylender

Don’t just pick any random moneylender. Unlicensed moneylenders can charge you inflated interest rates and unreasonable handling fees and even disappear on you! Check the Ministry of Law website for the list of licensed and approved moneylenders in Singapore to ensure that you are not being cheated.

Capital Funds Investment (CFI) is a licensed moneylender in Singapore, and we grant short-term cash loans to those who need them quickly to grant short-term cash loans to those who need them quickly, or who cannot get them from banks and other financial institutions.

Women Excited in Front of A Computer

Use loans wisely

Of course, you should only take a payday loan as big as you need, so that the interest is lower and you can pay everything back quickly and easily. Payday loans are not meant to be abused and can lead to even worse financial situations when people take them without taking their current lifestyle and earning potential into account.

That is why when you get a payday loan from us here at CFI, we have our financial service experts sit down with you to discuss your needs clearly. We will help you figure out how much you need and can afford and help you come up with a suitable timetable in which to repay the loan. We will work with you to ensure a smooth transaction with minimal fuss, to help you through the bumps in your life.

Alternatively, if you need a fast cash loan, or a foreigner loan, consider some of our other options!

Apply now online for a payday loan with us, or come down now to discuss how we can help you!

Woman Casually Browsing Online

Monthly Installment Calculator

Get the number you need here

Total Payment: $0

Frequently Asked Questions

A payday loan service provides the borrower short-term, unsecured financing to bridge the gap between your current financial situation and your lifestyle needs until your next paycheck arrives; much like getting your monthly salary in advance. This loan is designed to help those with urgent financial obligations, such as outstanding bills, but cannot hold these obligations off until the next pay day.

A payday loan is short-term loan that is considerably smaller than a personal loan, and therefore should be paid off within a shorter period. This also means it comes with a comparatively higher interest rate compared to other loan products and depending on the borrower’s income and profile.

To be eligible for a payday loan, you must:

  • Be 18 years old or above as of the date of application
  • Be a Singapore Citizen or Permanent Resident with a valid work permit

No. We will do our best to accommodate your payday loan requirements so that you can make repayment as soon as possible at the lowest interest rates available.

Prior granting your application, our financial service experts will sit down with you to discuss your needs clearly to ensure how much you can afford, as well as produce a suitable timetable for the loan repayment. We also provide the flexibility of allowing you to choose which day you will require a “pay day” the most.

To be apply, we will require:

  • NRIC / Employment pass
  • Income Tax Notices of Assessment
  • Latest pay slip

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.

However, when taking a payday loan you should also consider your current lifestyle and earnings. For example, one who earns $5,000 a month should not be taking a payday loan amounting to more than that amount, especially if he/she does not have any savings or other funding sources to fall back on.

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

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 payday 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 1 week after the approval of your payday loan with us.