Features
Loan Amount:
Up to 4x your monthly salary
Payment Period:
Minimum of 60 Days
Maximum of 12 months
Interest Rate:
Maximum of 4% per month
Unsecured Personal Loans
Meet your short-term financial needs:
Whether it’s an unexpected medical bill, a utility bill, or car repair expenses,
you get more financial flexibility with our current online offer for personal loans.
Advantages:
- Low requirement on credit history
- A flexible repayment scheme
- Competitive interest rates
- Fast approval
Scroll right to view this table
| Applicant | Requirements |
|---|---|
| General eligibility (applicable to all applicants) | – Must be at least 21 years old – Must be a citizen or permanent resident of Singapore – Should be employed, or have a recurrent stream of income |
| Individuals receiving salary or/and commission | Documents to prepare: – NRIC – Bank statements for the last 3 months – Latest payslip |
| Self-employed | Documents to prepare: – NRIC – Bank statements for the last 3 months – Income Tax Notice of Assessment for the last 2 years – Latest ACRA business profile – Financial statements of the company for the last 6 months. |
*The computation of interest charged on the loan is based on the amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower which are appropriated to the principal.
[To illustrate, if X takes a loan of $1,000, and X has repaid $400, only the remaining $600 can be taken into account for the computation of interest.]
SCAM ADVISORY
Members of the public have reported to us that they have received suspicious calls/ text messages/emails from scammers impersonating loan officers from VM Credit. We have also found a fraudulent website: https://www.valuemaxgroupsg.com/ as shown in the screenshot below.
VM Credit Pte Ltd would like to advise members of the public on the following:
- We only have ONE branch operating at 261 Waterloo Street #01-31 Waterloo Centre Singapore 180261. Telephone number: +65 6481 1788
- Our official website is www.valuemax.com.sg.
- We do NOT make any cold calls or send any unsolicited text messages and emails to members of the public. Do not respond to these calls, messages and emails.
- We do NOT ask for your personal information such as NRIC, SingPass or bank account details through calls, text messages and emails.
- We MUST first meet you in person physically at our office stated above before granting you a loan.
- We will NOT ask a loan applicant to make any payment before loan disbursement.
FAQs
Q1 | Minimum and maximum period for repayment?
Minimum is 1 month and maximum is 6 months
Q2 | Maximum Annual Percentage Rate (APR), which generally includes interest rate plus fees and other costs for a year, or similar other rate calculated consistently with local law?
Max Annual Percentage Interest Rate 48%
Q3 | A Display a representative example of the total cost of the loan, including all applicable fees Repayment Schedule of a $1000 loan over a period of 6 months + one time 10% processing fee of $100.
Month | Principal | Interest | Total |
1st Month | 151.07 | 39.17 | 190.24 |
2nd Month | 156.99 | 33.25 | 190.24 |
3rd Month | 163.14 | 27.1 | 190.24 |
4th Month | 169.53 | 20.71 | 190.24 |
5th Month | 176.17 | 14.07 | 190.24 |
6th Month | 183.1 | 7.17 | 190.27 |
Total | 1000 | 141.47 | 1141.47 |