Explore Customised Monthly Instalment Loan Options

Embrace Financial Peace of Mind With Easy Instalment Loan Options.

Dealing with unexpected expenses can be incredibly stressful. Monthly loans in Singapore from a trusted provider can help alleviate that burden and bring you peace of mind during challenging times.

99% approval rate, no credit discrimination
Low interest rates starting from 2.88%
100% legal, regulated, and transparent

Explore our tailored loan solutions

Our customisable monthly loans can help you achieve your financial goals. They allow you to reap the benefits of manageable payments that fit your budget.

Why Should You Trust Our Monthly Loan Services?

Our monthly instalment loans are designed to offer you flexibility and ease. This has made us a well-reviewed, go-to legal money lender in Singapore. Here’s why we should be your go-to monthly loan money lender:

Committed and attentive

Share the load of your financial commitments with our dedicated team, who will take the time to understand and follow up with you in a judgement-free zone.

Low rates

At Prosper Credit, we offer affordable rates from as low as 2.88%, capped at 4% monthly.

Flexible loan and repayment terms

From a 1-month loan to a 12-month loan or a $500 loan to a $50,000 loan — our financial solutions are completely customisable to your specific needs.

Quick loan process and disbursement

Expect to receive approval and disbursement of funds within 30 minutes.

Well-experienced

Our journey as a licensed money lender started in 2010, and we’ve amassed 15 years of experience since.

99% loan approval rate

We know how vital these funds are to you in times of need. If all documentation and requirements are in order, expect to get your loan approved in a jiffy.

Fully legal and reliable

Not only are we an officially registered money lender under the Ministry of Law, but we also ensure our lending practices are transparent and fair.

What’s Required if You Want to Get a Monthly Instalment Loan in Singapore?

To apply for a monthly instalment loan in Singapore, you will need to provide certain documentation. Having these documents ready beforehand can help expedite your monthly loan process.

Singaporeans, PRs, and foreigners are all able to apply, but with varying eligibility requirements. Let us break it down for you.

Singaporeans/PRs’ monthly loan eligibility requirements

NRIC
If you have a full-time job
- Recent three months’ payslips
- Recent 3 months’ CPF statements or Income Tax Statement (IRAS)
If you are self-employed
- Income Tax Statements (IRAS) from the last 2 years

Foreigners’ monthly loan eligibility requirements

Valid Work Pass (Employment Pass or S Pass)
Residence proof (tenancy agreement or utility bills)
Income proof (recent 3 months’ payslips, bank or account statements)

If you have any doubts or concerns about getting a monthly instalment loan in Singapore, don’t hesitate to get in touch with us anytime.

So, What Exactly is a Monthly Loan, and Why Do People Opt for It?

A monthly loan is a financial product that allows you to borrow a lump sum of money and repay it in equal monthly instalments over a specified period of time. In general, monthly loans are a popular choice due to their flexibility and ease of management, because you know how much you’ll need to pay every month, and when to pay.

When emergencies or large expenses pop up, these monthly instalment loans can be a safer and financially healthier alternative to paying for the expenses through credit cards or through your emergency funds.

This way, you can handle your payments comfortably without undue financial stress, and still be able to keep up with other monthly financial commitments.

Working with a monthly loan money lender who understands your needs is important. This lets you break down your loan amount into fractions that are manageable for you, whether it’s spread over several months or years.

Why Should You Get a Monthly Loan from Prosper Credit?

If you are looking for an affordable monthly repayment loan in Singapore that comes with flexibility, Prosper Credit is here to support you. We offer plenty of perks as a monthly loan money lender:

Foremost, we pride ourselves on our top-notch customer service, which uplifts many aspects of your loan — from low-interest terms to full transparency.

Boost or repair your credit profile with timely repayments that work for you. Repaying your loans on time is a surefire way to do this.

Enjoy the best of both worlds with the choice of short- or long-term repayment plans.

Low and fixed interest rates mean your monthly payments are predictable, without unexpected increases.

Avoid debt traps with flexible repayment terms and loan amounts that suit your financial needs.

Whether you might need a monthly instalment loan for a personal project or a larger financial commitment, our services are crafted to meet your needs efficiently. We don’t discriminate based on anyone’s financial or personal background, so all are welcome to speak with us.

Focus on tending to emergencies or larger expenses without financial stress thanks to fully transparent terms with no sticker shocks.

FAQs about Monthly Loans in Singapore

How do monthly loans in Singapore work?

A monthly loan in Singapore works by letting you borrow a sum and repaying it in fixed monthly instalments over a set term. This method simplifies budgeting and ensures consistent payments.

Can I still get a monthly loan with bad credit?

Yes you can, as Prosper Credit is a monthly money lender that does not discriminate based on credit. In fact, you can use a monthly loan to help repair bad credit with timely repayments that are manageable for you. Our monthly loans for bad credit are perfect for anyone looking to boost their finances, regardless of their credit standing.

How to boost my chances of getting a monthly repayment loan in Singapore?

Being transparent about your needs, having all relevant documents prepared, and demonstrating a stable income can all increase your chances of getting a monthly repayment loan in Singapore. If you’re in doubt, we’re here to support you — drop us a message anytime.

How can I trust a monthly loan money lender?

Prosper Credit is a legal, licensed money lender with many years of experience and valued customer relationships dating back to 2010.

When you’re borrowing from a lender, always prioritise transparency and your individual financial needs — don’t be shy to ask questions and ensure you’re fully knowledgeable and comfortable with your loan terms before committing to a monthly loan or any other loan, say, a debt consolidation loan, for that matter.

How long will it take to get my monthly loan approved?

Our monthly loans are reviewed instantly and approved within 30 minutes, for the most part. With our convenient online application available 24/7, you don’t have to worry about the time of day. Our streamlined process ensures quick evaluations and decisions.

Where can I apply for a monthly instalment loan?

You can apply directly through our loan application page, which has been designed to make the process really quick and easy for you.

Take control of your future financially

With a monthly loan in Singapore, secure the funds you need with trusted experts by your side.