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Inspired By Excellence & Innovation

We offer a wide range of personal loans and financial services.

Loans for Foreigner Holding Employment Pass in Singapore.

Regarded as one of the most expensive cities in the world to live in, 29% of Singapore’s residents are foreigners. If you’re one, you will find out that living in this city can be quite tough and daunting. Going through each day, trying to adapt to this new way of life, and having to deal with daily and monthly expenses may be herculean.
This is usually experienced during the first four months of living in the city. The need to take care of expected and certain matters such as relocation expenses, telephone bills, renting or renovating an apartment may require you to have enough financial strength.

When you don’t have enough pay to cover for these expenses, a foreigner loan may come in handy, and banks are usually the preferred destination for foreigners. Foreigner loans are set up for people in Singapore who are neither permanent residents nor citizens.

However, contrary to what you may think, the process of a bank granting a loan request is quite tedious, even though you have a valid employment pass. Most, if not all, banks in Singapore only approve loan requests to foreigners with high minimum income of at least S$40,000. Some banks even require more minimum income requirement. Some banks even go extreme to demand employment pass validity, not less than a year. When you also factor in varying interest rates banks demand due to unavailability of collateral, the idea of borrowing from them is not viable. Hence, turning to alternative sources like licensed moneylenders for loans may be the most effective decision.

There are many perks to requesting for both secured and unsecured loans from a licensed moneylender like Gold Allianze in Singapore. It is also essential to know the list of licensed moneylenders in Singapore. You can check the list here.
For urgency, it is better to contact and request a loan from a licensed moneylender. Banks usually take some time to process your application and approve your loan request.
The process involved in applying for a loan from a moneylender online is quite easy to understand with simple steps.
Here at Gold Allianze, we offer personal loans to match your personal or professional needs. As long as you have P1, P2, and Q-type employment pass in Singapore, you can request for a loan with us. Our different types of loans for foreigners are specially designed and tailored to meet your personalized loan request with the best rates.

We are seasoned professionals who have built our reputation on offering the best loans and providing flexible and realistic repayment plans that our clients will be satisfied with. Our loans officers are more than capable of providing timely advice to any concerns you have may, ensuring that you have a crystal-clear and transparent transaction process with us.
No matter where you are from; here in Singapore, you can always count on us to provide the quick fix you need.

Do fill the online application and we will get back to you before you know it.

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Licensed Moneylender in Singapore

Gold Allianze Capital Private Limited is devoted to excellence in providing loan facilities, financial management, and always go the extra mile for our customers. Your privacy is of utmost importance and we are committed to protecting the privacy and security of your personal information.

  • Focus – customers from all walks of life

  • SMEs – we support and encourage business growth

  • Foreigners & Expatriates – we can make the ends meet

Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.


We will promote better informed decisions about our loan services:

  • by providing effective disclosure of product information
  • by explaining the terms of a loan to you in a language you understand and to provide you with a copy of the loan contract
  • by explaining the repayment schedule, the interest rate charged and the fees applicable.

We will act fairly and reasonably towards you in a consistent and ethical manner.

We will comply with all relevant laws, rules and regulations relating to our Moneylending business in Singapore.

We will ensure our staff are trained so that they can competently and efficiently discharge their functions and provide the loans that they are authorised to provide in compliance with moneylenders laws, rules and regulations in Singapore and have an adequate knowledge of the provisions of these laws, rules and regulation in Singapore

We will not make a loan where repayment of that loan results in substantial hardship for our customers.
We make inquiries to our customers to determine whether a loan is not unsuitable for them we will ensure that:

  • There is a reasonable surplus of income available to meet unforeseen circumstances before taking into consideration the repayment of our loan
  • The income is consistent and predictable over the course of the loan repayment term
  • Customer living costs and expenses are reasonably determined even if they are not disclosed to us voluntarily
  • We take all of the customers existing financial obligations into consideration including debt and non-debt obligations
  • There is not a living cost dependence on our loan given the customer’s other financial commitments
  • Purpose of the loan
  • Debt refinance to ensure that there is a net benefit to the customer





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Important Notes for Borrowers

You should keep these key points in mind:

  • Before approaching a moneylender, consider other alternatives, such as the various financial assistance schemes offered by various Government agencies. You may contact the agencies to find out more about their schemes.
    Ministry of Social and Family Development
    Ministry of Education
    National Council of Social Service
  • You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
  • Consider whether you are able to abide by the contractual terms, bearing in mind your income and financial obligations. Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
  • The law requires moneylenders to explain the terms of a loan to you in a language you understand and to provide you with a copy of the loan contract. Make sure you fully understand the terms of the contract, in particular, the repayment schedule, the interest rate charged and the fees applicable.
  • Consider carefully before agreeing to any contractual term which allows a moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment. When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full. If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.
  • You should shop around different moneylenders for the most favourable terms. You should not rush into and commit yourself to a loan until you are satisfied with the terms and conditions.

For secured loans, you can obtain a loan of any amount.

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.

With effect from 1 October 2015, the maximum interest rate moneylenders can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one. If a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

The computation of interest charged on the loan must be 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 principal.

[To illustrate, if X takes a loan of $10,000, and X has repaid $4,000, only the remaining $6,000 can be taken into account for the computation of interest.]

The late interest can only be charged on an amount that is repaid late. The moneylender cannot charge on amounts that are outstanding but not yet due to be repaid.

[To illustrate, if X takes a loan of $10,000, and fails to pay for the first instalment of $2,000, the moneylender may charge the late interest on $2,000 but not on the remaining $8,000 as it is not due yet.]

With effect from 1 October 2015, all moneylenders are only permitted to impose the following charges and expenses:

  • 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; and
  • legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

[To illustrate, if X takes a loan of $10,000, then the interest, late interest, 10% administrative fee and monthly $60 late fees cannot exceed $10,000.]

Do not borrow from unlicensed moneylenders.
To verify that a moneylender is licensed by checking the list of licensed moneylenders. “Click here to access the list of licensed moneylenders.”

Notwithstanding that the moneylenders are licensed, be mindful if they:

  • Use abusive language, or behave in a threatening manner towards you.
  • Ask for your SingPass user ID and/or password.
  • Retain your NRIC card or any other personal ID documents (e.g. driver’s licence, passport,work permit, employment pass or ATM card).
  • Ask you to sign on a blank or incomplete Note of Contract for the loan.
  • Grant you a loan without giving you a copy of the Note of contract for the loan and/or without properly explaining to you all the terms and conditions.
  • Grant you a loan without exercising due diligence (e.g. approving a loan over the phone, SMS or email before even receiving your loan application form and supporting documents, such as the income tax assessment and payslips).Withhold any part of your principal loan amount for any reason.

Such practices are not acceptable. If you encounter them, you should report the moneylender to the Registry of Moneylenders, with information such as the moneylender’s business name, licence and contact numbers.

You can contact the Registry at telephone number: 1800-2255-529.

To find out more about unlicensed moneylenders, you may click on this link:

Licensed moneylenders are permitted to advertise only through these three channels:

  1. business or consumer directories (in print or online media);
  2. websites belonging to the moneylender; and
  3. advertisements placed within or on the exterior of the moneylender’s business premises.

All other channels are prohibited.

If you receive flyers, SMSes, emails or other forms of advertisements which are not permitted, these would either be from licensed moneylenders operating in breach of the advertising restrictions, or from unlicensed moneylenders.

Hence, you are advised not to respond to such advertisements.
Instead, you should report the advertisements by providing us with a proof of the advertisements (for SMS – a screen capture) to the Registry or to the Police.

You are advised to seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender, and not to rely solely on the content of advertisements from the moneylender.

You should ensure that:

  • You understand your responsibilities as a surety;
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower;
  • The moneylender has explained the terms in the Note of Contract in a language that you understand; and
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).
  • The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).
  • Make sure the moneylender delivers to you the correct principal amount of the loan. The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan instalments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you 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.

You can contact the Registry at telephone number: 1800-2255-529.

Rest assured that the Registry will not disclose your details to the moneylender without your consent.

To facilitate the Registry to investigate your complaint, you may need to attend an interview with the officers and provide them with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender.
The Registry views complaints against moneylenders seriously and will investigate them thoroughly.
Errant moneylenders will be taken to task.

If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act. The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.

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