FAQ

  • Is Aero Credit a licensed moneylender?

Aero Credit is a moneylender licensed by Singapore’s Registrar of Moneylenders. We are one of Singapore’s most reputable and capable moneylenders. We are staffed and managed by experienced professionals who insist on providing the highest possible levels of courtesy, flexibility, confidentiality and services.


  • How to differentiate between a licensed moneylender and illegal moneylender?

A licensed moneylender will require you to present yourself at the place of business. The lender is required by law to verify who you are, whether you are eligible to borrow money and whether you qualify for the loan amount you want.

An unlicensed moneylender conducts all transactions anonymously and remotely so that you remain unaware of who they are, where they are and how they operate.

A licensed moneylender will tell you clearly the terms and conditions of the loan, including the interest rate and how much you will need to repay and when your repayments will be due. The details will be set out in a clearly worded contract, a copy of which will be provided to you.

An unlicensed moneylender will have no documentation or legally agreed terms and conditions but will use spurious claims and ambiguous promises to lure you into an illegal transaction.

Do not borrow from unlicensed moneylenders. Verify if a moneylender is licensed by checking the “List of Licensed Moneylenders in Singapore”.
To read more, please click News and Articles .


  • How do I apply for a loan?

1: Contact us and fix a appointment with us at a time of your convenience

2: Drop by our office for further discussion and application

Simply click the blue button below (in the bottom right corner), and start Chat With Us.


  • How can I qualify for a personal loan?
    1. Above the age of 21
    2. Not a bankrupt
    3. Working and residing in Singapore

  • If I have a personal loan with a bank can I still apply?
    Of course. Feel free to approach our friendly loan officers for any assistance required.

  • If I have a bad rating in my Credit Bureau Report, can I still apply?
    Of course. Having a bad rating does not make you ineligible to apply for a loan from us. Give us a call to fix an appointment with us, for a non-obligatory discussion about your loan application.

  • What are the documents required?
    1. Singaporean:
      1. Original NRIC
      2. Latest 3 months original pay slips (if any)
      3. Latest residential proof stating your current residential address (Telco bills, Utility bills, any government body)
      4. Tenancy Agreement (If applicable)
    2. Foreigners:
      1. Original Work Pass. (Work Permit, S Pass, E Pass, etc)
      2. Latest 3 months original pay slips
      3. Latest residential proof stating your current residential address (Telco bills, Utility bills, any government body)
      4. Tenancy Agreement (If applicable)

  • Can foreigners apply?
    Foreigners are welcome. However, in light of the changes made to the regulations in August 2019, a licensed moneylender has a limit on foreigner loans. Please do give us a call to check on your eligibility.

  • How long does it takes to approve a loan.
    For all new applications, we do our best to complete it within 20 minutes.

  • What is the maximum amount I can borrow?
    Maximum loan amount is based on your annual income. However, it is subject to approval.  In accordance with the current rules and regulations a borrower may borrow the following amounts across all moneylenders in Singapore:


  • What are the fees involved for Personal Loan?

With effect from 1 October 2015, all moneylenders are permitted to impose only the following costs, charges and expenses for an unsecured Personal Loan:

  1. A fee not exceeding 10% of the principal of the loan amount granted.
  2. A fee not exceeding $60 per month for late repayment
  3. Interest rate of no more than 4% per month
  4. Late Interest of no more than 4% per month
  5. Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

  • How can I make the repayment?
  1. Cash over the counter in our office
  2. UOB Bank (Cash deposit or internet bank transfer)

  • If I already have a loan with another licensed moneylenders, can I still apply?
    Of course, please be mindful that all loan applications are subject to approval.

  • If I already have loan with Aero Credit, can I still apply?
    Yes, you can. As our valued customer, do not hesitate to approach our friendly loan officers for assistance.

Online Enquiry

Very often, it is only when you reach the bank or meet a lender that you are told your credit rating is not good enough for a loan. That can be immensely frustrating when your need for additional cash or extra funds is urgent. Use our Online Enquiry service to find out if you are eligible for a loan — it is easy, and it is fast.