Customer Questions

Is 1HourLoan a licensed moneylender? Is my personal information protected? How Does 1HourLoan Work? How Much Can I Borrow?

Is 1HourLoan a licensed moneylender?

Please note we do not operate as a moneylender. We also do not represent or advertise for any moneylenders, nor do we issue any loan.

1HourLoan is a matching loan platform – We will match you with our registered moneylenders' best interest rates. More often than not, people will relate moneylenders to loan sharks. However, rest assured that all the licensed moneylenders registered in our platform are currently monitored and regulated by the Singapore Ministry of Law. We have also verified these lenders' license thoroughly, and you can trust us to provide the best loan offers with a quick approval process.

Is my personal information protected?

Your data privacy is of the utmost importance to us. We handle your personal information with discretion and confidentiality, and we do not collect any information without your prior knowledge.

When you submit your loan application via our website, only your indicated loan amount, gross salary, employment length, and credit exposure will be sent to our database of licensed moneylenders. They will review your application and assess their loan offers. Our platform will then match you with the best offer for your consideration. You are free to accept or decline the offer.

How Does 1HourLoan Work?

We have a simple 4 step process.

Decide How Much to Borrow - Fill out your application online by clicking this link! Information you need to provide: Monthly income and a few simple details about yourself.
Get Cash Loan Offers Instantly! - Our platform will match you with the best interest rates from licensed moneylenders. All in all, you can get an immediate attractive cash loan offer!
Schedule a Visit to Get Your Loan! - Show the QR code provided and get entitled to special interest rates offer at your preferred moneylender’s office.
Pay Recommendation Fees - Upon successful loan issued from the lender, kindly transfer the loan matching fee ($20) via the link provided. (Promotion Period: All Recommendation Fees are waived)
* No Fees will be required if no loan is processed.

Click here to find out more information about our process.

How Much Can I Borrow?

Please note that there is a cap for the total maximum amount that you can borrow from all the licensed moneylenders combined in Singapore.

For Singapore Citizens and Permanent Residents:

Borrower’s annual income	Singapore Citizens and Permanent Residents
Less than $20,000	Up to $3,000
At least $20,000	Up to 6 times of your monthly income

For Foreigners residing in Singapore:

Borrower’s annual income	Foreigners residing in Singapore
Less than $10,000	$500
At least $10,000 and less than $20,000	Up to $3,000
At least $20,000	Up to 6 times of your monthly income

The above caps apply to unsecured loans from all licensed moneylenders combined. In comparison to local banks, moneylenders typically set a lower qualifying benchmark for loan approval with a faster approving timeline.

The interest rates are usually charged on a monthly basis between 1 to 4% per month. Also, there is a processing fee of up to 10% of your loan amount. As such, we would like to remind you to borrow responsibly. Borrow only what you need and are able to repay.

Compare Interest Rates for Your Loan Now

What is your monthly income?

About Us

1HourLoan is the fastest way to compare interest rates from licensed moneylenders in Singapore.

We are not a moneylender but provide a way for borrowers to get the most competitive interest rates for loans from licensed moneylenders.

Please note that 1HourLoan is a matching platform that works as an independent body to match borrowers to lenders with the most suitable offers in Singapore. As such we do not advertise for or represent any moneylender, and we are not a moneylender. We do not offer any loans directly, over the phone or at our office or otherwise. All loans are provided by our subscribing licensed moneylenders. Your quote offered on this website is non-binding and will only be finalized when you sign the loan documentation at the office of your selected licensed moneylender(s).

Customer Questions

Compare Interest Rates for Your Loan Now

About Us

Quick Apply