2. How much can I borrow?

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2. How much can I borrow?

For secured loans, you can obtain a loan of any amount. For unsecured loans, you can obtain:

 

  • Up to $3,000, if your annual income is less than $20,000;
 
  • Up to 2 months’ income, if your annual income is $20,000 or more but less than $30,000;

 

  • Up to 4 months’ income, if your annual income is $30,000 or more but less than $120,000; and
 
  • Any amount, if your annual income is $120,000 or more.

 

https://www.mlaw.gov.sg/content/rom/en/information-for-borrowers/guide-to-borrowing-from-licensed-moneylenders-english.html

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you need to be minimum of 18 years old and above and must be employed. You will need to provide the latest 2 months payslip or your most recent CPF statement.

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