Here are some of our Frequently Asked Questions that we get from most of our clients. Do take some time browsing through and we hope you may find the answers you are looking for!
You are able to apply your loan via our online loan application form that is easy to complete, or subsequently you may drop by our office at:
QV Credit Pte. Ltd.
175A Bencoolen Street
#11-08, Burlington Square
Singapore 189650
Phone: 6835 7666
QV Credit reserve all rights not to disclose any information with regards to any loan approvals.
Subjected to a case by case basis, we will try our best to customize a loan package according to your repayment ability.
Yes, we will grant you another loan provided you are eligible at time of application subjecting to The Moneylenders Act and its regulations.
Yes, we will grant you another loan provided you are eligible at time of application subjecting to The Moneylenders Act and its regulations.
By Default, payments are made through GIRO. You can also opt for bank transfer to our designated accounts or pay CASH at our office.
No, not only will there not be any additional fee incurred, there is even an interest rebate for full early repayment! The earlier you make your full early repayment the more interest you’ll save on!
YES, you should not be coerced or pressured to take out any loans if it is not what you are looking for in terms of any deplorable clauses or even personal reasons.
In order to take out any loans from us, you have to fulfill these requirements stated below
- A Singapore Citizen or Permanent Resident of Singapore
- At least the age of 21 and above
- Must not be declared undischarged bankrupt nor any bankruptcy that is ongoing
- Permanently employed contributing monthly CPF
- Foreigners and Expats must have a Valid Work Permit or Valid Passport
- Self-Employed to have their Income Tax Assessment, ACRA, or Vocational License
Secured Loans:
- No Restriction to any amounts
Unsecured Loans:
- If your annual income is less than S$20,000 : Up to of S$3,000
- If your annual income is S$20,000 or more but below S$30,000 : Up to 2X of your monthly income
- If your annual income is S$30,000 or more but below S$120,000 : Up to 4X of your monthly income
- If your annual income exceeds S$120,000 : Any amount that you need
YES, you should not be coerced or pressured to take out any loans if it is not what you are looking for in terms of any deplorable clauses or even personal reasons.
- Double check on the loaned amount to ensure that it is the correct amount
- Make prompt repayments to avoid any late payment fees or interests imposed
- Each time after a repayment is being made, ensure that you are being issued a dated and signed receipt if it is made in cash.
- Check on your name, amount, date, on the correctness of every detail
- Double check that you are being issued a statement of account for all loans at least every 6 months
- Retain and file up all physical copy of proofs as documentation and evidence of payments.