Business Loan

business loan for sme

To raise your own business fund is a very tedious mission. Especially, if you are start-up a fresh business is not easy to get a business loan from a formal bank. Quick Credit will always support the entrepreneurs for business loan solutions. We offering short-term loans, mid-term loans, and long-term loans.

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How a Business Loan Helps Financial Business People

Being a self-employed business person is an excellent reputation in society but the challenges faced by the entrepreneurs from day one of their businesses is enormous. It is a fantastic challenge for an individual to overcome all obstacles to become a prosperous entrepreneur. The various problem faced by all is finance. Even great entrepreneurs of different industries have struggled much financial crisis for setting up their businesses to run their daily business operations. Thus finance plays a significant role in the life of a businessman. Great concepts require the necessary financial support to bloom into a successful business.

There are various sources for business people to raise capital for their business. The most dependable source is from banks. There are several reasons why people choose banks as the best source for raising money for their business. Banking institutions provide a lower cost of capital in the form of Business Loans. There are various types of business loans at different rates of interest to help business people to solve their financial crises.

form of business loan

Businesses are of various kinds and require finance at various stages of their business operations. The need also being different, banking institutions help them in providing different types of business loans are assisting numerous small and medium enterprises in raising capital.

Innovative Project loan

Businesses are of various kinds and require finance at various stages of their business operations. The need also being different, banking institutions help them in providing different types of business loans are assisting numerous small and medium enterprises in raising capital.

Top-up on current loans

These loans are granted for expansion, substitution, diversification of an existing business. These loans are approved for short term or long term basis to buy goods, machinery or any fixed assets for the company.

working capital loans

These loans are provided for the enterprise to solve sudden financial crises and repaid within short durations. Banking institutions are more interested in offering working capital loans against their inventories, stocks or receivable bills of the business.

Applying For Loans Was

Never Simpler

There has been a huge increase in demand for Personal Loan in Singapore. This is due to day to day expenses going up by a huge number. Sometimes it may be because people are planning for a holiday. For others, it may be because they want to buy the newest electronic gadgets. There are many reasons for this happening. And everyone’s reason may be different.
If it is not possible for you to pay for these expenses in one go, a personal loan is the ideal solution.

To apply for a personal loan with Quick Credit Pte Ltd – licensed moneylender in Jurong, borrowers will need:

NRIC / Work Pass

If you are a Singaporeans, you will need to bring along your NRIC. If you are a foreigner, you will need to bring your Work Pass and Passport.

Latest 3 months payslip

You will need to bring along your 3 months payslip to identify your loan limits.

CPF Contribution Statements (For Singaporean)

You will need to prove either be employed or have a consistent source of income.

Proof of Address (For Foreigner)

If you are a foreigner, you will need to bring along your tenancy agreement, phone bill or any other documents that prove your current address.

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how much you can borrow

You can borrow any amount with a secured loan. For unsecured loans, you can borrow:

For Singaporean:

Up to $3000

If your annual income is less than $20,000

Up to 6x your monthly income

If your annual income is $20,000 and above

For Foreigner:

Up to $500

If your annual income is less than $10,000

Up to $3000

If your annual income is less than $20,000

Up to 6x your monthly income

If your annual income is $20,000 and above

How To Apply Loan

The loan process involves a few key steps: application, evaluation and approval. Applicants provide necessary information, the lender assesses eligibility, and if approved, loan terms are finalized. Once all paperwork is complete, funds are disbursed. Open communication and collaboration are vital for a smooth borrowing experience.

01

Application

Submit your simple personal details with loan application online. Visit our nearby office for further discussion.

02

Evaluation

Our team will review your application, assessing loan eligibility and verifying tenure offer.

03

Approval

If approved, loan terms are finalized, including interest rates and repayment options. Our expert will explain the details of loan contract.

FREQUENTLY ASKED QUESTIONS (FAQ)

How can I apply for Business Loan?

You can apply for a loan online or you can call us at 68996188. Alternatively, we’d be happy to see you at our Quick Credit office at IMM Building, 2 Jurong East Street 21, #04-01A/B.

How to repay your loan with us?

You can either pay cash at our office or bank transfer to us or use the CDM (Cash Deposit Machine) to deposit in to Quick Credit Accounts

Why take business loan from Quick Credit?

Hassle-free, and competitive interest rates for Business Loan in Singapore!

What is the advantage of selecting Quick Credit Business Loan?
  1. Allow you to payback your loans using a flexible repayment plan.
  2. Packages are catered to meet to your needs.
  3. Offer structured repayment terms that are easy for you to understand.
What is the tips before taking loan?
  1. Be cautions / understand the loan statement at right sense.
  2. To think several times, analyze and decide.
  3. Understand all the terms and conditions clearly in details.