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6 Best Unemployment Loans in Singapore [2023]

Unemployment Loan Singapore

Best Unemployment Loan Singapore
Best Unemployment Loan Singapore

The unemployment rate in Singapore has been on the rise for a while now. Many people are struggling to find work, and loan companies are trying to help them out by providing loans at relatively low-interest rates. However, there are many loan companies that offer unemployed individuals bad deals because they know they’re desperate for money.

Also, and most of the time, unemployed individuals are often faced with loan rejection. However, there are loan options available for unemployed persons who wish to get a loan. This article discusses the best loans for unemployed individuals in Singapore and what they offer.

In this blog post, we will go over 6 of the Best Loan offers available for unemployed people in Singapore so you can make an informed decision about what kind of loan is right for you!

1. Credit 21

Credit 21 - Unemployment Loan Singapore (Credit: Credit 21)
Credit 21 – Unemployment Loan Singapore (Credit: Credit 21)
Key ServicesLoan Calculator
Personal Loan
Business Loan
Renovation Loan
Foreigner Loan
Wedding Loan
Payday Loan
Address10 Anson Road #01-07 International Plaza
Singapore 079903
Phone+65 6221 1811
Operating Hours11am – 8pm: Monday – Saturday

Credit 21 allows you to borrow money even when you are unemployed, for example, for those mothers who are unable to work due to their children. They provide bespoke loan solutions that meet the specific requirements of each client.

If you want to get a loan for your kid’s needs or pay the utility bills, Credit 21 has the best loan for unemployed individuals.

Key Differentiators

  • One of the Lowest Interest Rates
  • Friendly Staff
  • Reputable money lending company in Singapore

Customer’s Testimony

I was attended by grace and its my first time here. such a nice person, polite and friendly. she make me feel welcomed. would strongly recommend this place to my friends or family.

Muhd Syarafudin

2. Soon Seng Credit

Soon Seng Credit - Unemployment Loan Singapore (Credit: Soon Seng Credit)
Soon Seng Credit – Unemployment Loan Singapore (Credit: Soon Seng Credit)
Key ServicesPersonal Loan
Payday Loan
Business Loan
Debt Consolidation Loan
Grab/Gojek Loan
Wedding Loan
Renovation Loan
Medical Loan
Bridging Loan
Study Loan
Address1 Park Rd, #01-21 5 mins walk from Chinatown MRT, Exit C, People’s Park Complex, Singapore 059108
Phone+65 6226 8860
Operating HoursMonday to Saturday: 11AM–8PM
Sunday: 11AM–5PM

Loans and lenders are generally a headache for the average person. After all, there are numerous variables to consider when applying for loans. Fortunately, there is one lender in Singapore that aims to make the process as painless as possible for consumers. Soon Seng Credit is a recognized credit provider with a big selection of financing options.

The finest loan at Soon Seng Credit is one that has been carefully tailored to the needs of the customer. Before offering a loan, Soon Seng Credit specialists always take the time to get to know each client, learning more about their situation, needs, and current financial position before moving on to loan alternatives.

Soon Seng Credit has also earned kudos for providing personal loans to both Singaporean nationals and foreign visitors.

It’s appropriate to finish things off by noting that the team at Soon Seng Credit works hard to meet the needs of all clients. They always keep the company’s policy in mind, which is to operate with honesty.

Because of this, clients may anticipate thorough explanations regardless of the loan they take out. This ensures that the company’s policy is followed, and clients are aware of their rights and responsibilities when dealing with Soon Seng Credit.

Key Differentiators

  • Low Interest
  • Easy and Convenient
  • Flexible Payment Options
  • Safe and Secure

Customer’s Testimony

Very fast, responsive and professional. Jason was very helpful in providing me advice and giving me his opinion on how I could go about with managing loans and applying for a loan with their company.

10/10 would go back again. Thank you

Nabil Jawahir

3. Raffles Credit

Raffles Credit - Unemployment Loan Singapore (Credit: Raffles Credit)
Raffles Credit – Unemployment Loan Singapore (Credit: Raffles Credit)
Key ServicesPersonal Loan
Business Loan
Foreigner Loan
Monthly Loan
Payday Loan
Address17A Circular Road
Singapore 049373
(We are at Level 2)
Nearest MRT station:
Raffles Place & Clarke Quay
Phone+65 6235 1788
Operating HoursMon to Fri: 10.30am to 8.00pm
Sat & Sun: 10.30am to 4.30pm

Raffles Credit offers a wide range of financial services, and their best loan for the unemployed in Singapore is no exception. You must be at least 18 years old and above, as well as have an open bank account, to qualify for this type of personal loan.

For an easy option, you may file online. Isn’t it simple? All you have to do is pay off your loan on time so you don’t get charged extra interest.

Loans secured by a lien on the property are their main products. They also provide business and personal loans, as well as foreign currency and gold loans. So, whether you’re financing your daily expenses or starting a business, you can rely on them to be there for you.

Key Differentiators

  • Best selection of loan packages for clients
  • Established in 2011
  • Great customer service

Customer’s Testimony

feeling happy and comfortable at here! All people here are nicely,thanks Rachel, John,Jane.Fast processing, very appreciate to them! Will recommend here for you guys.

Alex Tin

4. QV Credit

QV Credit - Unemployment Loan Singapore (Credit: QV Credit)
QV Credit – Unemployment Loan Singapore (Credit: QV Credit)
Key ServicesPersonal
Short Term
Fast Urgent Cash
Bad Credit
Debt Consolidations
Monthly Installments
Housing and HDB
COE Renewals
COE Loan Calculator
AddressBurlington Square, 175A Bencoolen St, #11-08, Singapore 189650
Phone+65 6835 7666
Operating HoursMonday to Friday: 11AM–8PM
Saturday: 11AM–4PM

Their office is located in a high-rise office building, which provides for a discreet and private meeting location for loan candidates among hundreds of licensed moneylenders. QV Credit place a premium on your privacy and make every effort to preserve it by providing excellent customer service and relations.

Furthermore, rest assured, for they are legal, licensed, and regulated money lenders in Singapore.

Since 2010, they have served as a loan firm providing numerous money lending services to those in need of fast cash and consolation, with individualized loan solutions and no hidden costs!

As a long-standing moneylending business, they have followed the ever-changing strict rules implemented by MinLaw to provide sound lending practices and to enhance borrowers’ privacy and security.

Key Differentiators

  • A late fee of up to 4% per month
  • Loan borrowing accessible, affordable and hassle free
  • Online application form

Customer’s Testimony

The officers attended to me was very polite and helpful… i have no problem doing loan with them…

Ash Sufyan

5. Fast Money

Fast Money - Unemployment Loan Singapore (Credit: Fast Money)
Fast Money – Unemployment Loan Singapore (Credit: Fast Money)
Key ServicesPersonal Loans
Instant Cash Loan
Business Loan
Line Of Credit
Monthly Loan
Payday Loan
Fast Cash Loan
Foreigner Loan
Wedding Loan
AddressBranch Locator
PhonePhone Numbers
EmailEmail Address
Operating HoursMonday to Sunday – 12 PM to 8 PM

Fast Money is one of those moneylenders that can help you obtain money quickly. Your application procedure with us isn’t complicated. All they need is your verification documents, and our specialists will take care of the rest.

Plus, they are one of the most respectable and successful cash lenders in Singapore, thanks to their dependable and efficient money lending procedure.

The Registry of Moneylenders has accredited and licensed Fast Money. They strive to provide instant cash loans to PRs, Singaporeans, and non-residents in Singapore. Also, their staff is committed to delivering quick, hassle-free, and efficient services to all of their customers.

It’s quite difficult to acquire a large quantity of cash in a short period of time. However, don’t be concerned; Fast Money will make the application procedure easier for you. With their experts making your cash loan available right away, you can relax knowing that it will be there when you need it most.

Key Differentiators

  • With competitive interest rates
  • Registered and licensed with the Registry of Moneylenders
  • Fast, hassle-free and efficient services to all our clients

6. Credit Thirty3 Pte Ltd (Credit 33)

Credit Thirty3 Pte Ltd (Credit 33) - Unemployment Loan Singapore (Credit: Credit Thirty3)
Credit Thirty3 Pte Ltd (Credit 33) – Unemployment Loan Singapore (Credit: Credit Thirty3)
Key ServicesPersonal Loan Calculator
Payday Loan
Personal Loan
Debt Consolidation Loan
Wedding Loan
Medical Loan
Monthly Installment Loan
Foreigner Loan
Business Loan
Holiday Loan
Renovation Loan
Education Loan
GrabTaxi Driver Loan
Hair Loss Loan
Jewellery Loan
Furniture Loan
Vacation Loan
Urgent Emergency Loan
Bad Credit Personal Loan
AddressBlk 190, Lorong 6 Toa Payoh, Toa Payoh Mall, #01-548, Singapore 310190
Phone+65 6292 2931
Operating HoursMon – Sat,
11:00am – 8:00pm

You’ll get the borrowing experience you deserve for trustworthy and professional service is guaranteed by Credit Thirty3.

Having an accessible location of just 5 minutes from the Toa Payoh MRT, they may just be the legal moneylender that is perfect for you. They have carefully developed different loan plans for each of our clients, tailored to their specific requirements.

As one of Singapore’s fast-growing licensed moneylenders, Credit Thirty3 strives to improve all the time. They have digitized their loan application procedures to make it simpler for our customers, allowing them to process applications more quickly while still answering within hours.

If you have terrible credit, don’t be alarmed for they intend to assist persons with as much ability as feasible. They do not believe that having a poor credit score should prevent you from obtaining a loan.

To discover more, feel free to contact them right now.

Key Differentiators

  • Craft suitable loan plans for all customers, unique to their needs
  • Process loan applications more efficiently
  • Fast replies to inquiries

Customer’s Testimony

Quick approval within half an hour! Able to negotiate repayment too. Reasonable for my credit background. Was attended to by James.

Aks Jdkf

Unemployment Loan Singapore

In this blog post, we have gone over 8 loan options available for unemployed individuals in Singapore.

We hope that by reading through the loan offers and comparing them to your needs, you will be able to find the best loan offer for yourself. If you want help finding a loan or just need more information on how these loans work, don’t hesitate to comment down below and share your insights with us!

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