CashMax Credit Pte Ltd is a licensed moneylender (License No. 72/2024 ) registered and regulated by the Ministry of Law.
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Should you find it challenging to fulfill your loan repayment, the first step should be to engage in a dialogue with your lender to explore possible solutions like loan restructuring or creating a new repayment strategy.
The Moneylenders Act (Cap. 188) regulates money lending in Singapore, outlining the prerequisites for obtaining a license, caps on interest rates, and other relevant regulations for moneylenders. The Ministry of Law further supervises the sector, mandating moneylenders to offer low-interest rates.
Identifying a trustworthy moneylender involves considering factors like the lender’s license number, online reviews and feedback, their operational duration, and their transparency in disclosing interest rates. Licensed moneylenders are obligated to display their license number on their websites.
Before initiating a loan application, gather all required documents, understand the terms and conditions of the loan, and assess your repayment capabilities. This preparation will ensure a smooth application process and assist you in making informed decisions about your financial obligations.
To qualify for a loan in Singapore, you must be a Singaporean citizen or permanent resident, or a foreigner residing in Singapore, be a minimum of 18 years old, possess a valid NRIC or passport, and offer proof of income such as your most recent payslip or bank statement.
You can verify the licensure of a moneylender by searching for their name on the Ministry of Law’s website or by requesting their license number. Licensed moneylenders are obligated to showcase their license number on their websites.
For Singaporeans / PRs:
For Foreigners:
If you are an entrepreneur, taxi driver or is simply paid based on commission, do not worry. CashMax Credit offers loans to you as well.
Yes, you can!
While banks often turn away customers with bad credit scores, CashMax Credit does not limit any possibility, and we welcome all credit scores to apply.
We evaluate each case individually and will do our best to understand each and every applicant’s situation.
If we find that your current financial situation is something within your means, we are happy to provide a loan to you.
We aim to help our borrowers regardless of their credit scores. This is why we do not have specific restrictions with regards to credit scores.
You can easily apply for a loan here.
Definitely no!
You are most definitely not obliged to commit to a loan after making an enquiry. You will complete your loan contract only if you are comfortable with everything.
Please feel free to connect with us via our live chat at the bottom right corner, or call us at +65 62215480
Once you’ve signed the loan contract, you can receive your money in cash right on the spot at our office.
Check the financial institution’s name against the list of licensed moneylenders created by the Ministry of Law.
If you’re looking for other telltale signs, a licensed money lender is NOT allowed to:
Moreover, licensed money lenders are only allowed to use the following advertising channels to communicate their messages:
Therefore if you come across any other forms of advertising (such as Google Ads, Facebook Ads) from CashMax Credit, avoid them at all cost! They are either loan sharks or loan scams.
Yes, you can!
We will always evaluate each case individually and try to understand the applicant’s situation. If we find that your current financial situation has improved, we will still provide a loan to you. Unlike most banks and lending companies, CashMax Credit aims to help as many people as possible.
Over the past few years, more and more Singaporeans are taking up two or more loans. Statistics have shown that there was an increase of borrowers who have at least two mortgages and other loans. Most individuals have a home loan and a study loan. If you require more financial help, you can still apply for a loan.
At CashMax Credit, we are always willing and ready to help our customers. However, that does not mean that we will be irresponsible and force clients to take up huge loans that are tough to repay and end up straining their wallets further.
CashMax Credit evaluates customers’ situations responsibly and will only loan an amount that is suitable or affordable for the clients.
Disclaimer: Interest Rates charged to each borrower is determined on a case – by – case basis, adhering to the prevailing laws set out by the Registry of Moneylenders, Minlaw
CashMax Credit Pte Ltd (UEN No. 201017718W) is a company incorporated under the laws of Singapore. Customers are advised to read the Term and Conditions and Privacy Policy carefully. If you have any concerns or further queries about how we are handling your personal data or queries regarding the Terms and Condition and the Privacy Policy, please contact our Data Protection Officer at admin@cashmax.com.sg
*If your annual income is less than $20,000, you are eligible for a loan of up to $3,000.
Monday – Friday
11am to 7pm
Saturday
11am to 6pm
Closed on : Sunday and Public Holidays
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