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Business Loan

A business loan from a licensed moneylender is tailored to support SMEs and startups in Singapore with working capital, inventory purchases, or equipment financing. Fast Money’s Business Loan offers quick approval and flexible amounts to help entrepreneurs access funds for business growth or unexpected expenses.

Eligibility Criteria

  • To qualify, your business usually needs to:
  • Be registered and operating in Singapore.
  • Be owned by individuals aged between 21–65.
  • Generate consistent revenue.
  • Maintain sound personal/business credit history.
  • Submit documents like business registration, bank statements, income proof, and shareholders’ details.

Key Features

  • Quick processing: approvals and disbursement typically within 24–48 hours.
  • Unsecured options: no collateral required.
  • Flexible use: for equipment, salaries, rent, or inventory.
  • Transparent costs: interest and fees are capped by law.

Application Process

  1. Apply online or at a Fast Money branch.
  2. Submit documents (business and financial).
  3. Loan assessment within 24–48 hours.
  4. Approval notification via SMS and email.
  5. Disbursement on the same or next working day.

Costs & Fees

  • Interest: typically up to 4% per month on outstanding balance.
  • Admin/Origination fee: generally up to 10% of loan amount.
  • Late payment or handling fees may apply as per lender’s policy.

LOC Vs. Personal Vs. Business

Feature Business Loan (Moneylender) Personal Loan
Use-case Business expenses Personal needs
Collateral Usually unsecured Unsecured
Interest rate Up to 4% p.m. Up to 4% p.m.
Loan amount cap Up to 6× monthly revenue Up to 6× monthly income
Tenure 3–36 months (typically) 3–72 months

Fast Money offers quick, flexible business loans in Singapore so you can focus on building your business with confidence. Check your business loan eligibility and estimate repayments using our calculator now.

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Why Us?

Thousands of clients like yourself choose Fast Money for their most urgent cash needs.

We’re here to make needs possible.

Turn your aspirations and dreams into reality with financial assistance from Fast Money, providing quick and easy personal loan in Singapore.Everyone has a dream. Whether it’s a trip around the world to experience all of those places you’ve read about in books and magazines, purchasing a luxury car and living the high life, or renovating your home to make room for your growing family. We’re here to help.

Trusted, professional. Legal. Credible.

Fast Money is fully licensed with all Singapore laws and regulations. We follow the industry’s best practices, and strictly adhere to the latest requirements laid out by the authorities.

Quality low interest rate Business Loan

Applying for a loan in Singapore is easy with us. We offer our services to Singaporeans, PRs, and foreigners. Our loans come with some of the lowest interest rates in the region and also flexible repayment periods. We are reasonable, and will make arrangements to provide you with a flexible repayment period that meets your financial requirements.

Why Us?

With a strong background in financial technology, the founders saw a huge opportunity to improve the way people transact in the digital era. They were inspired by the need for a platform that could make it easier

We’re here to make needs possible.

Turn your aspirations and dreams into reality with financial assistance from Fast Money, providing quick and easy personal loan in Singapore.Everyone has a dream. Whether it’s a trip around the world to experience all of those places you’ve read about in books and magazines, purchasing a luxury car and living the high life, or renovating your home to make room for your growing family. We’re here to help.

Quality low interest rate Personal Loans

Applying for a loan in Singapore is easy with us. We offer our services to Singaporeans, PRs, and foreigners. Our loans come with some of the lowest interest rates in the region and also flexible repayment periods. We are reasonable, and will make arrangements to provide you with a flexible repayment period that meets your financial requirements.

Trusted, professional. Legal. Credible.

Fast Money is fully licensed with all Singapore laws and regulations. We follow the industry’s best practices, and strictly adhere to the latest requirements laid out by the authorities.

Why choose Fast Money?

Thousands of clients like yourself choose Fast Money for their most urgent cash needs. Here’s why.

We’re here to make needs possible.

Turn your aspirations and dreams into reality with financial assistance from Fast Money, providing quick and easy personal loan in Singapore.Everyone has a dream. Whether it’s a trip around the world to experience all of those places you’ve read about in books and magazines, purchasing a luxury car and living the high life, or renovating your home to make room for your growing family. We’re here to help.

Quality low interest rate Business Loans

Applying for a loan in Singapore is easy with us. We offer our services to Singaporeans, PRs, and foreigners. Our loans come with some of the lowest interest rates in the region and also flexible repayment periods. We are reasonable, and will make arrangements to provide you with a flexible repayment period that meets your financial requirements.

Trusted, professional. Legal. Credible.

Fast Money is fully licensed with all Singapore laws and regulations. We follow the industry’s best practices, and strictly adhere to the latest requirements laid out by the authorities.

Change to Why us section on their current website. Remove icons.

With a strong background in financial technology, the founders saw a huge opportunity to improve the way people transact in the digital era. They were inspired by the need for a platform that could make it easier

  • Empower users to manage finances easily
  • Provide fast and efficient payment services
  • Prioritize security and data protection
  • Continuously innovate in financial technology
  • Support business growth and financial inclusion

Are you eligible for a loan?

There are some strict regulations and rules that we must adhere by before extending loans to you. Here’s a simple checklist to get you started.

Step 1 of 3: Basic eligibility criteria

To first qualify for a loan with us, you must be either a:

  • Singaporean
  • Permanent Resident
  • Foreigner with valid pass (A valid Singaporean Employment Pass)
Step 2 of 3: Other criteria

You should also be:

  • Minimum 21 years of age
  • Full-time employed
Step 3 of 3: Other Criteria

Qualified so far? Great!
Please bring along the following documents (choose which applies):

Singaporeans/PR

  • NRIC or Passport No.
  • Phone bill OR Singapore power service bill
  • For salaried individuals: Latest 3 computerised monthly pay slip OR 15 months CPF statement OR Income Tax Statement

Foreigners

  • Original Valid Employment Pass
  • Original Passport
  • Tenancy Agreement for your Rental Premise, PUB Bill or Handphone Bill

FAQs

What type of business loan does Fast Money offer?
Fast Money offers flexible, unsecured business loans tailored for SMEs, startups, and self-employed individuals. These loans can be used for working capital, equipment purchases, staff salaries, or unexpected operating costs.
How much can SMEs borrow and what are the eligibility criteria?
Eligible businesses can borrow up to 6× their monthly revenue, subject to assessment. To qualify, the business should be registered in Singapore, and the applicant (owner or director) must be aged 21 to 65 with proof of regular income or active business operations.
How fast is the approval and disbursement process?
Applications are typically approved within 24 to 48 hours, and funds can be disbursed the same day or next working day once documents are verified and the agreement is signed.
What interest rates and fees apply to business loans?
Interest is capped at 4% per month, based on the reducing balance. An admin fee of up to 10% of the loan amount may apply. Late fees are only charged if repayments are missed.
Secured vs unsecured: which business loan should I choose?
Unsecured loans are best for fast access without collateral. Secured loans may offer better rates or higher limits but require assets as security. Fast Money mainly offers unsecured options for convenience and speed.
What documents do I need to apply?

Required documents include:

  • ACRA business profile.
  • NRIC or FIN of owner/director.
  • Bank statements (3–6 months).
  • Proof of business activity or contracts.
  • Financial statements (optional but helpful).
Can a startup (under 1 year) qualify?
Yes, newly registered businesses or startups may qualify, especially if the owner can show personal income, freelance earnings, or upcoming contracts to support repayment.
What are the repayment terms and prepayment penalties?
Repayment terms range from 3 to 36 months. Most loans allow early repayment without penalty, but always confirm with your loan officer before signing.
Is local shareholding required for foreigners?
Foreign-owned businesses can apply, but they may need to show stronger income proof or provide a local guarantor/director depending on loan size and structure.
How does Fast Money ensure data privacy and licensing?
Fast Money is a licensed moneylender regulated by the Ministry of Law. All data is handled in compliance with Singapore’s PDPA (Personal Data Protection Act) to ensure your personal and business information remains secure and confidential.

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© Fast Money 2024 Pte Ltd. All rights reserved

© Fast Money 2024 Pte Ltd. All rights reserved