FAQs

QUESTIONS & ANSWERS

Frequently Asked Questions

Can anyone apply for a loan from Power Credit Enterprise?

Working individuals like Singaporean, Permanent residents, and Foreigners presently working in Singapore.

How much is the loanable amount?

Up to 6 times of your salary subject to eligibility and approval.

Is Power Credit Enterprise a licensed moneylender?

Yes, We are a licensed moneylender approval by IPTO since 2007. Our business registration no are 201528280Z and moneylender license no 137/2025

I have a bad credit status, can I apply?

Yes. First allow us to check and verify your documents. We can customize a loan packages that suit you best.

How much are the interest rates?

Our Interest rate start from 1% per month is dependent on your credit worth and the type of loan you apply. Our personal finance specialist will explain to you in detail.

How do I make a payment for my loan?

You can make a payment via funds transfer or cash deposit machine into our corporate bank account and let us know by calling us or sending an sms message of the payment made. You can also enroll or arrange a GIRO payment which is more convenient to you or simply pay cash at our office.

How do I check my loan amount, payment or balance information?

Our loan officer will provide you more information during your loan application. No matter you are new or existing customers, we are great to serve you with any enquiries.

What are the documents needed for a loan application?

You can summit a fast loan application via Singpass Myinfo and our friendly loan consultant will help you on it. Or you may CLICK HERE to find out more.

Once my loan is approved, how would I collect the money?

Would be disbursed immediately after the signing of loan contract, either by cash or through bank transfer

Can Work Permit or S pass holder apply for a loan?

Yes. Provide us with the certified letter of employment from your employer, your tenancy agreement and your latest payslip. These documents are subject for review by our loan consultants.

What If I am unable to pay on-time?

If you cannot make a payment on time you will be subject to a late repayment fee. Our Debt Management team will make an effort to communicate with you the reason for the delay and make reasonable arrangements with you to facilitate timely repayment.

We’re Here to Help You Borrow with Confidence

At Power Credit, transparency and trust are our top priorities. Our FAQs are designed to give you clear, straightforward answers so you know exactly what to expect. No jargon, no hidden charges — just honest information to guide your borrowing decisions.

CLIENT'S TESTIMONIAL

Hear Our Customer Reviews

As one of the best licensed money lenders in Singapore, we provide the necessary funds and peace of mind to our valued customers.

Discover why our customers trust us.

       EXCELLENT  
   Based on 224 reviews 
    
 
 
 
   
 
 
      Posted on Google  
   
   Surfire Abraham 
 4 August 2026
 
 
 Trustindex verifies that the original source of the review is Google. My cousin used this service as she needed a small loan based on the sales proceeds she will be getting after sale of her flat back to HDB.She was attended by Mike via whats app who called her sister n was very helpful and asked relevant and sensible questions and after a preminarly round of interview he ask us to visit his agency for approval in person.once we down to the agency the officer ,a young chinese guy, incharge was equally polite and kind and loan was dispersed efficiently  and smoothly after we submitted  copy of the documents that was already submitted at whats app.so the service was amazing and this agency should be listed  the best money lending agency among the rest in Singapore.The best people to help at times of unexpected expenditures were at this agency.Best agency ever.

Owner's reply
Thank you for your detailed feedback, Surfire! We're delighted to hear that you and your cousin had such a smooth and efficient experience with our loan services. Our team, works hard to provide outstanding customer service and ensure a seamless loan process. We’re honored to be recognized as a reliable support during times of financial needs. 

Yours Sincerely,
Power Credit Enterprise Pte Ltd
1 Tras Link #01-11 Orchid Hotel
Singapore 078867
+65 6443 2940

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   zoe chen 
 31 July 2026
 
 
 Trustindex verifies that the original source of the review is Google. Very convenience location near MRT. nice and friendly staff clearly explain and advise. one of the best licensed moneylender i had visited.

Owner's reply
Thank you, Zoe, for sharing your positive experience! We're delighted to know you found our location convenient and our team helpful. We strive to provide outstanding customer service and are pleased to be recognized as a top rated licensed moneylender. If you require any further assistance, please feel free to reach out. 

Yours Sincerely,
Power Credit Enterprise Pte Ltd
1 Tras Link #01-11 Orchid Hotel
Singapore 078867
+65 6443 2940

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   Salimman Wahid 
 15 April 2026
 
 
 Trustindex verifies that the original source of the review is Google. 

Owner's reply
Dear Salimman,

Thank you for your excellent review! We appreciate your support and are delighted to hear about your positive experience with our services. Should you require assistance with a personal loan or have any queries, do not hesitate to reach out. We are here to help.

Yours Sincerely,
Power Credit Enterprise Pte Ltd
1 Tras Link #01-11 Orchid Hotel
Singapore 078867
+65 6443 2940

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   j 
 23 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. 

Owner's reply
Thank you, J, for your feedback and support! We're glad you had a positive experience with Power Credit licensed moneylender loan services. If you need any assistance or have further questions, feel free to reach out anytime.

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   ian audiya 
 15 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. Had a short-term cash flow gap while waiting for a client payment. Power Credit offered a flexible, two-month loan that bridged the gap perfectly. Mike was professional and the terms were clear. It was a simple business transaction that solved a temporary problem without drama.

Owner's reply
Dear Ian,

Thank you for sharing your positive experience! We're glad our flexible loan solutions and Mike's professionalism could assist you efficiently. We strive to be a best licensed moneylender, providing transparent and legal support tailored to your needs. Should you require our services again, we’re here to help.

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   Aiden Chua 
 13 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. Let's be real, no one wants to go to a money lender. But when my car broke down and I needed repairs urgently, Power Credit was the most straightforward option. Wayne processed everything quickly, explained the contract in simple terms, and there were no surprises. As far as these things go, it was a professional and hassle-free experience.

Owner's reply
Hi Aiden,

Thank you for your thoughtful feedback. We're glad Wayne could provide you with a straightforward and transparent service during a stressful time. It's our goal to be a reliable and professional licensed moneylender for urgent needs, and we’re happy we could assist you efficiently. 

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  
  
Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   Shufee Ramlan 
 12 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. Friendly and efficient
Brian Mr Ong is professional

Owner's reply
Dear Shufee, 

Thank you for your kind words! We're thrilled to hear that Brian provided you with friendly and professional service. We always aim to be a preferred and legal moneylender with a team you can trust. Should you need any further assistance, feel free to reach out anytime. 

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   Sindy Neo 
 5 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. 

Owner's reply
Thank you, Sindy, for your positive feedback! We truly appreciate your support and look forward to assisting you with any financial needs in the future. Feel free to reach out if you need a trusted and preferred licensed moneylender.

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   dany g 
 4 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. Recommended place for loan.

Owner's reply
Thank you, Dany, for sharing your experience with us. Your satisfaction with our licensed moneylending services is greatly appreciated. We are here to assist you with any future loan needs. 

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
     Posted on Google  
   
   MICHAEL JOSEPH MAGBOO 
 2 January 2026
 
 
 Trustindex verifies that the original source of the review is Google. 

Owner's reply
Thank you, Michael, for your support! We're glad you had a positive experience with our licensed moneylender services. Should you ever need assistance again, feel free to reach out.  

Yours Sincerely,  
Power Credit Enterprise Pte Ltd  
1 Tras Link #01-11 Orchid Hotel  
Singapore 078867  
+65 6443 2940  

Visit us at https://www.powercredit.sg/
  
 
 
  
 
 
   Verified by Trustindex  Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more