Frequently Ask Question
How can we help you
About the Product
To be eligible for our loan in Singapore, the following criteria must be:
- A citizen, permanent resident of Singapore or a foreigner with a valid work permit
- Above 21 years of age
- Not an undischarged bankrupt or facing any bankruptcy proceeding.
- Be permanently employed (CPF contribution) or for self-employed, have all relevant documents such as income tax assessment, ACRA , vocational license (if any), NEA license (if any).
For secured loans, there is no restriction. 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.
No. You do not need a guarantor.
Definitely, yes. Our professional consultants will take pleasure in providing you with a structured loan plan based on your financial capacity.
The interest rate charge is not more than 4% per month.
- A fee not exceeding $60 for each month of late repayment;
- A fee not exceeding 10% of the principal of the loan when a loan is granted;
- Legal costs ordered by the court for a successful claim for the recovery of the loan.
You can also check our guide on how to calculate your monthly loan payment.
For Salaried and Commission-based Employees
- Identification Card (NRIC)
- Sing-pass Login with 2FA activated
- Proof of billing ( Any latest bill indicating residential address)
- Latest 3 month original payslip (Only applicable if there is no cpf contribution)
- Letter of employment (Only applicable for new employment)
For Self Employed
- Identification Card (NRIC)
- Sing-pass login with 2FA activated
- Notice of assessment (NOA indicating trade income)
- ACRA (Accounting/Corporate Regulatory Authority)
- Proof of billing ( Any latest bill indicating residential address
For Taxi Drivers
- Identification Card (NRIC)
- Vocational license
- Taxi pass
- Min 7 days job summary
- Proof of billing ( Any latest bill indicating residential
Yes, you can. If you have a good repayment behavior and record, we can potentially offer you another loan with a larger amount.
Yes, after you fully repaid the current loan and do not have any late payments record.
Yes. With valid documents such as proof of income, proof of billing, car rental agreement and income for for YA2017(if any).
Application Process
We are located at 277, Balestier Road (326729). Our operating hours are on Monday to Friday 11:00am – 7:30pm. On Saturday we are open at 11:00am – 6:00pm. We are close on Sundays and Public Holidays.
We also cater online loan applications should you decide to apply via Cash Mart websites.
To qualify for our loan in Singapore, the following criteria must be:
- A citizen, permanent resident of Singapore or a foreigner with a valid work permit
- Above 21 years of age
- Not an undischarged bankrupt, nor facing any bankruptcy proceeding.
- Be permanently employed (CPF contribution)
- If you are self-employed, have all relevant documents such as income tax assessment, ACRA (if any), vocational license (if any), NEA license (if any).
Yes, we may still grant a loan. We will assess your financial health and discuss with you a manageable plan to both ensure responsible lending as well as borrowing.
We also have a guide on how to get car loans even with bad credit score. In most instances, the evaluation process applies to our different loan products including auto loans.
If all requirements are provided and verified, first time borrowers can get the loan disbursed within 30 minutes at Cash Mart office.
Payment of Loan
Yes, you can repay your Cash Mart loan using PayNow.
To know more details on how to pay using UOB PayNow, kindly follow this link.
You can make repayment of your loan installments through island-wide ATM deposit or online transfer to any of our local bank accounts.
You can also make repayment in cash at our office.
- Pay the loan instalments on time to avoid incurring late payment fees and late interest.
- Ensure you are issued a dated and signed receipt every time you repay your loan or pay any fees in cash, and check it for correctness (e.g. name, amount, date).
- Make sure you receive a statement of account for all your loan(s) at least once every 6 months,and check it for correctness (e.g. name, amount, date); and
- You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments
*In case of any discrepancies, keep your original receipt with you and present your receipt to our Credit Officer for proper validation.
No, there is no early repayment charge and if you would like to make early full settlement of your loan, we would even provide you a discounted rate.
