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GM Creditz Pte Ltd is a licensed moneylender (License No. 101/2021) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

Payday Loan

Sometimes our bills & emergency expenses can’t wait for the next payday. Good thing there’s an emergency quick cash advance when you’re on a tight budget.

  • Get money fast
  • Low-interest rates from 1 to 4% only 
  • No credit score checking

Borrow With Ease! Apply Now!

GM Creditz’s payday loan gives you access to emergency cash fast! Borrow up to a month’s worth of your salary in the event of a financial crisis. This plan is designed to alleviate your short-term financial crisis through quick cash assistance and can be conveniently paid on your next paycheck.

Application Process

Apply For a Loan in 3 Easy Steps

01

02

03

01

Call or Apply Online

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

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

Get Your Money

Receive your money in cash as soon as the agreement has been signed

02

Attend In-Person Consultation

Attend In-Person Consultation

Our loan officer will schedule an appointment for you further to discuss the terms and conditions of your loan plan.

03

Get Your Money

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

Happy family getting personal loan

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)
Foreign Friends

Foreigners

  • Passport
  • Work Permit / S-Pass / Employment Pass
  • 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)

TESTIMONIALS

What Our Clients Say About Our Services

Recent Reviews on

loan advisor

Recent Reviews on Google

Every transaction is smooth. The staff are very accommodating and kind. The company has always been considerate. Best one!

Teresita Luza Avatar
Teresita Luza

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.

Gerald Aguilar Avatar
Gerald Aguilar

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.

Rowena Sugpatan Avatar
Rowena Sugpatan

Payday Loan FAQ

GM Creditz’s payday loan lets you borrow up to one month’s worth of your salary in the event of a financial urgency. This plan is designed to alleviate your short-term financial crisis and must be paid on your next paycheck.

If you find yourself short on cash or tight on a budget this month, opting for a payday loan from a money lender is an option if your bills and emergency expenses can’t wait for your salary. As simple as it is, it works by borrowing money from us and paying back when you receive your next paycheck.

The key differences between a payday loan and a personal loan are the amount of the money you can borrow and the tenure payment plan. 

A payday loan allows you to borrow up to one month’s worth of your salary and must be paid back in less than a month. 

On the other hand, a personal loan allows you to borrow up to six months’ worth of your salary and lets you pay monthly until the loan is paid off.

The monthly payment depends on the terms and conditions of your payday loan or personal loan contract, interest rate, monthly salary, processing fees, and repayment capabilities.

Rest assured that there are no hidden charges being imposed by GM Creditz. We take honesty and transparency seriously and discuss all the fees before you sign the contract. 

Aside from GM Creditz’s fuss-free application process and excellent customer service, we also take pride in our comprehensive payday loan plan and personal loan plan for your immediate financial needs. When getting a payday loan from us, you’ll get the following advantages:

  • Fast release of money
  • Low-interest from 1 to 4% only 
  • No credit score checking
  • Borrow up to one month’s worth of income

GM Creditz follows the Singapore Ministry of Law required charges and expenses. In accordance with the Singapore Ministry of law, the following are the applicable fees being charged to our clients: 

  • 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 moneylender on any payday loan in Singapore, consisting of interest, late interest, upfront administrative, and late fee also cannot exceed an amount equivalent to the principal of the loan.

Meanwhile, the permitted maximum interest rate we charge is 4% per month, regardless of the borrower’s income and whether the loan is an unsecured or secured one. 

If a borrower fails to repay the payday loans on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

The computation of interest charged on the payday 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.

Generally speaking, for secured loans, you can obtain a loan of any amount. For unsecured loans like personal loans, please refer to the table below for the total maximum amount that you may borrow: 

Borrower’s annual incomeSingapore Citizens and Permanent ResidentsForeigners residing in Singapore
Less than $10,000$3,000$500
At least $10,000
and less than $20,000
$3,000
At least $20,0006 times monthly income6 times monthly income

Applying for GM Creditz’s payday 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.

Yes, your borrowing limit may differ from one another. Whether you’re a self employed individual or working on corporate companies in Singapore, banks can allow you to take out loans for a much longer tenure, but the process of releasing the money takes time.

If you need more funding, you may opt for our personal loans, which allows you to loan up to 6 months’ worth of your salary to be repaid by monthly payment.

To get the best payday loan rates in Singapore, you may check payday loans comparison sites online to weigh in your options. 

Please note that the interest rate depends on the loan plan you are applying for. Compared to unsecured loans, secured loans will have lower interest rates 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 personal loans effective interest rates.

GM Creditz offers the lowest possible interest rates, 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. 

Yes, you can. Unlike banks, GM Creditz is known for allowing borrowers with bad credit to avail of a loan. However, your application will still be subjected to evaluation. This is to ensure that you don’t over-borrow and suffer more financial difficulties. 

Here are a few things we take into account:

  • Your ability to repay the loan
  • Certificate of employment
  • Proof of income
  • Other identification papers

For GM Creditz’s payday loan, the repayment period is on or before your next paycheck, within one month.

You are advised to seek clarification on the loan offer and its terms before signing any contract. We are happy to explain the loan terms and conditions so you know exactly what you’re getting into. That said, do not rely solely on the information provided in an advertisement by a money lender.

GM Creditz offers the best payday loans in the City Hall of Singapore. Our office is conveniently located near City Hall MRT and opposite Peninsula Plaza Bus Stop. 

Address: 111 North Bridge Road #01-41 Peninsula Plaza Singapore 179098

Operating Hours: Mon-Fri: 10:30am – 8:30pm | Sat-Sun: 10:30am – 5:00pm

GM Creditz payday loans are designed to ease your financial emergencies. Whether you’re a self-employed individual working in corporate offices, we make sure to give you the cash that you need immediately, in as short as a few days.

We are proud of our competitive payday loans that adhere to the Moneylenders Act. And we only impose the required and permitted fees and interest rate and make sure to customize the payday loans accordingly.

Moreover, the ultimate goal of payday loans is to help you with your financial difficulties, not to add a burden to your financial trouble. Take it from our clients’ verified reviews on Loan Advisor, Google Reviews, and Business Listings, that can attest to our promises and core values — professional, efficient, and client-oriented. 

We look forward to serving you.

Friends laughing after applying for loan online

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