Whether it is to pay for your monthly bills, an unexpected medical emergency, or any other financial hiccups in life, a monthly loan from a licensed moneylender can be a huge lifesaver.

During such time-sensitive moments, a stable and reliable financial institution is just what you need. Thankfully at Credit 21, we pride ourselves in our hassle-free loan application process and approval time.

We will be able to render you with a fast approval monthly loan to solve any financial emergencies that you have.

What Is A Monthly Loan?

A monthly loan, otherwise known as a monthly installment loan, is a form of unsecured loan that has a fixed rate of interest across the duration of your loan tenure. This means that you do not have to put up any collateral in exchange for the loan. You also do not have to worry about fluctuating interest rates.

You will have to make repayments for a monthly loan through a monthly installment plan each month, till the end of your loan tenure.

While most people opt for a short-term monthly loan, it can also help to cover your long-term needs.

By applying for a monthly loan with Credit 21, you will get access to:

  • Affordable monthly interest rates
  • Flexible loan tenures
  • Impeccable customer service
  • Fast loan approval and quick loan disbursement


Here’s How You Can Receive Your Monthly Installment Loan From Licensed Moneylenders


Step 1: Submit an online inquiry with us via our online loan application form. It only takes 3 minutes!

Step 2: Within a few minutes, we will be in contact with you for details regarding your maximum loan amount and loan tenure.

Step 3: Head down to our business premises, sign the loan contract and receive your cash on the spot. You can also clarify any doubts that you might have with regard to the loan application.


Speed Is Key!

Whether you are looking for a loan to cater to your short or long-term needs, speed is definitely key!

At Credit 21, all our loans are usually approved within the hour, if all documents are in order and after you have worked out a comfortable repayment plan with us. Once your loan has been approved, all you have to do is to make timely repayments every month.

Who Can Apply?

To be able to qualify for a loan with Credit 21, all you have to do is be:

  • A Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
  • At least 21 years old
  • Employed / self-employed


What Are The Documents Required?

For Singaporeans / PRs:
  • Proof of identity (NRIC, passport)
  • Proof of income (CPF / bank statements)
For Foreigners:
  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements


Frequently Asked Questions


1. What can I use a monthly loan for?

A monthly loan is incredibly flexible. It can be used for anything, as you deem fit. There are no restrictions. For instance, it can be used to cover you till your next payday, provide you extra funds for your monthly bills, fund a home renovation project, your dream wedding, cater to a medical emergency, etc.

2. I have a bad credit score. Can I still apply for a monthly loan?

Yes, you can still apply for one with licensed lenders. While banks might reject borrowers due to their poor credit scores, licensed moneylenders like Credit 21 are less stringent and are able to approve of a loan to those with poor credit scores.

3. Why choose Credit 21 as your preferred monthly loan provider?

At Credit 21, we believe that everyone should have equal access to credit. Having served thousands of customers, we have specially personalized a monthly loan package to suit your various needs. It features customizable loan tenures, meaning that you can have more comfortable loan repayments each month.

This way, you can make manageable monthly repayments while also focusing on your needs.

4. How does payment for a monthly installment loan work?

Once your application has been approved, the next thing that you will have to take note of is that repayments have to be made monthly.

The amount that you have to pay each month will decrease with each repayment until you have fully paid off the loan (principal amount + interest).