Monthly Installment Loans
Repay your obligations wisely with our affordable monthly installment loan. GM Creditz is one of the pioneer moneylenders that offers this smart solution in paying your short and even long-term commitments.
- Low-interest rates from 1 to 4% only & flexible payment terms
- Affordable than the line of credit
- Unsecured loan – No collateral/pledging of assets needed
GM Creditz’s monthly installment loan is being offered under personal loans Singapore, allowing you to borrow up to six months’ worth of your income to pay for your long-term commitments. It is more affordable than the line of credit that charges high-interest rates.
Aside from offering the lowest interest rates, GM Creditz is also known as a generous institution in Singapore that provides considerate and flexible loan plans to keep your monthly repayment manageable.
Application Process
Apply For a Loan in 3 Easy Steps
Call or Apply Online
Skip the lines and apply online using our dedicated online facility. You may also talk to our loan officer at 6588 1886.
Attend In-Person Consultation
Our loan officer will schedule an appointment for you further to discuss the terms and conditions of your loan plan.
Get Your Money
Receive your money in cash as soon as the agreement has been signed
Eligibility
At Least 18+Years Old
Minimum Salary Of
SGD1,500 For Local & PR
Minimum Salary Of
SGD2,000 For Foreigner
Documents Requirements
Local and Permanent Residents
- Identity card
- Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)
- Proof of employment (certificate of employment if your job is less than 3 months)
- Recent 3 months payslip
- SingPass (log into CPF, HDB, IRAS website)
Foreigners
- Passport
- Work Permit
- Proof of residence (utility bill or tenancy agreement)
- Proof of employment (certificate of employment if your job is less than 3 months)
- Recent 3 months payslip
- Proof of income (bank or account statement)
- SingPass (log into IRAS website)
What Our Clients Say About Our Services
Recent Reviews on 
Recent Reviews on Google
Every transaction is smooth. The staff are very accommodating and kind. The company has always been considerate. Best one!
I always have pleasant conversation with the staff. They are very accomodating. I trust their security on personal data. Very compliant on governement policies. Highly recommended.
Cassie Teo is very friendly and accomodating. Fast and flexible in processing. Never expected to be catered well with her kind gesture. Everything was in ease.
Borrow With Ease!
Apply Now!
Monthly Loan FAQ
What is a monthly loan and how does it work?
A monthly installment loan is any type of loan, such as a business loan, mortgage, or personal loan in Singapore.
It allows you to pay your debts every month until your debt is paid off within a certain period of time. The monthly installment loan with low interest is designed to be repaid each month so you can afford to pay your long-term liabilities.
The monthly installment loans are designed for borrowing a larger amount of money and for longer terms.
Specific details of the monthly payments are indicated in loan contracts that will be discussed to you during the scheduled in-person consultation.
How much can I borrow?
Generally speaking, for secured loans, you can obtain a loan of any amount. For unsecured loans, please refer to the table below for the total maximum amount that you may borrow:
Borrower’s annual income | Singapore Citizens and Permanent Residents | Foreigners residing in Singapore |
Less than $10,000 | $3,000 | $500 |
At least $10,000 and less than $20,000 | $3,000 | |
At least $20,000 | 6 times monthly income | 6 times monthly income |
What are the interest rates and fees that a moneylender can charge to me?
All licensed moneylender is only permitted to impose the following charges and expenses:
- 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 licensed moneylender Singapore, consisting of interest rate, late interest, upfront administrative, and late fee on loans also cannot exceed an amount equivalent to the principal of the loan.
Meanwhile, the maximum interest rate that a licensed moneylender can charge on loans is 4% per month, regardless of the borrower’s income and whether the loan is unsecured or secured.
If a borrower fails to pay the monthly loan repayment on time, the maximum rate of late interest that a moneylender can charge is 4% per month for each of the month the installment loan repaid late.
The computation of interest charged on the amount of 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.
How long to get my monthly loan approved?
Applying for GM Creditz’s monthly installment 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.
I have taken a loan with another bank/lender. Can I still get a loan with you?
Yes, you can. Although you can apply for more than 1 loan, your application will still be subject to evaluation to ensure that you don’t over-borrow and suffer from financial difficulties.
Take note that unlike banks, GM Creditz does not solely rely on credit scores when approving your loans.
What we look for are the following but not limited to:
- Ability to repay the loan
- Certificate of employment
- Proof of income
- Other identification papers
Am I still eligible for a monthly loan even if I have bad credit?
Yes, you can still apply for monthly installment loans even if you have a bad or low credit score, it also doesn’t affect the interest of your loans. You may, however, not be eligible to borrow a higher amount. Other choices include providing a guarantor or taking a secured loan to increase your loanable amount.
Please feel free to talk to us so we can clear your confusion and further discuss your options.
How do I get the best monthly loan rates?
To get the best loan rates in Singapore, you may check loan comparison sites online to weigh in your options.
Please note that the interest rates and monthly repayment depend on the loan plan you are applying for. Compared to unsecured loans, secured loans will have a lower interest 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 loan’s interest rate.
GM Creditz offers the lowest possible interest, 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.
Why borrow a monthly loan from us?
GM Creditz’s monthly repayment loans offer low-interest rates, making your loan package affordable and easier to manage.
We also customize our monthly repayment plans based on your objectives and extend flexibility to ease your financial worries.
Furthermore, GM Creditz is known for its professional attitude, efficiency, and aims to provide excellent customer service, making the whole experience as easy, fast, and comfortable as possible.
