How much is the interest?

The interest rate charge is 4% per month.

How much is the maximum amount I can borrow?

For secured loans, you can obtain a loan of any amount. For unsecured loans, you can obtain:
i. Up to $3,000, if your annual income is less than $20,000;
ii. Up to 2 months’ incomes, if your annual income is $20,000 or more but less than $30,000;
iii. Up to 4 months’ income, if your annual income is $30,000 or more but less than $120,000; and
iv. Any amount, if your annual income is $120,000 or more

What is the qualification to make a loan in EMVertex credit?

To qualify for a loan with EMVertex Credit, all the following criteria must be fulfilled:
i. Be a citizen or permanent resident of Singapore, or for foreigners, have a passport and employment pass
ii. Be at least 18 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding
iii. Be permanently employed, have a valid work permit (for foreigners) of self-employed with a valid income proof

How can I apply for a loan?

We are located at 200 Jalan Sultan, #02-33, Textile Centre, Singapore 199018. Our operating hours are on Monday to Saturday 11am – 7pm. We are closed on Sunday/PH. We also provide online loan applications.

How do I make repayments of my loan?

You can make repayment of your loan installments through island wide ATM deposit or online transfer to any of our local bank accounts. Alternatively, you can also make repayment in cash at our office. You can also set up a GIRO account so you’ll never forget another payment.

Can I still apply if I have existing loans with other banks or moneylenders?

Definitely yes. Our experienced loan consultants will take pleasure in providing you with a structured loan plan based on your financial capacity. It is important that you provide an accurate account of your financial status so that we can assist you in the best possible way.

Is it possible to get a loan with a bad credit history?

We understand your circumstances for bad credit ratings and we will review the situation and grant loans based on case by case basis. We try our utmost to customize a loan package that suits your financial ability.

What if I can’t repay my loan on the due date?

If you can’t repay the full amount of your loan on the due date, you may want to request for a loan extension by contacting our customer service team via telecommunication. If you do not qualify for an extension, you must contact us immediately to set up payment arrangements.

What if I want to pay off my loan early?

Just simply contact us via phone if you want to pay your loan off early. You may contact our Customer Service Team to discuss your repayment options.

Do you impose any other fee aside from interest and late fee on the loan?

What are the fees that moneylenders can charge?

i. A fee not exceeding $60 for each month of late repayment;

ii. A maximum rate of late interest of 4% per month for each month the loan is repaid late;

iii. A fee not exceeding 10% of the principal of the loan when a loan is granted;

iv. Legal costs ordered by the court for a successful claim for the recovery of the loan

v. You can also check our guide on how to calculate your monthly loan payment

How do I know if EMVertex credit is a licenced Moneylender in Singapore?

A licensed moneylender must have a registration number given by Insolvency & Public Trustee’s Office (IPTO). You can refer to IPTO website (