Bridge the Gap Until Your Next Payday
When an expense comes up before your next paycheck, BST Credit's payday loan can help you cover it, with flexible instalment repayments rather than a single lump sum, from a licensed moneylender offering fair, transparent terms.
Apply for a Payday Loan
Loan Purposes
A payday loan can help you manage an expense that comes up before your next salary, without disrupting your monthly budget.
Cover a surprise bill or expense that lands before your next paycheck arrives.
Bridge the gap between your expenses and your next salary credit, without falling behind on commitments.
Manage day-to-day costs during a tighter month, without depleting what little savings you have.
Get access to a smaller loan amount for a specific, immediate expense, without a lengthy application process.
Flexible repayment, not a single lump sum:
You may have come across payday loans elsewhere that require full repayment in one lump sum on your next payday, often within just a few weeks. A BST Credit payday loan works differently: you still get quick access to funds to cover the gap before your next paycheck, but repayment is spread across manageable monthly instalments, similar to our other personal loans.
As a licensed moneylender, we still walk you through your loan contract clearly before you sign, covering the loan amount, interest rate, repayment schedule and fees, so you know exactly what you’re committing to and for how long.
The maximum you may borrow at any time, across all licensed moneylenders in Singapore combined, depends on your annual income and residency status, as shown below.
Not sure what your monthly repayments might look like? Try our Loan Calculator to get an estimate before you apply.
| Annual Income | Singapore Citizen and Permanent Resident | Foreigners Residing in Singapore |
|---|---|---|
| Less than $10,000 | $3,000 | $500 |
| $10,000 but less than $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6 times the monthly income | 6 times the monthly income |
These limits apply specifically to unsecured cash loans in Singapore. Here’s what borrowers should keep in mind:
As a licensed moneylender, we are bound by strict limits set by the Ministry of Law. Here is what applies to your payday loan:
If you find yourself needing a payday loan more months than not, it may be worth looking at your broader budget rather than relying on borrowing to bridge the same gap repeatedly. Borrow only what you need for the specific expense at hand, and make sure the monthly instalment fits comfortably within your next few pay cycles. Our responsible borrowing checklist is a useful starting point before you apply.
Prepare Your Documents
Submit the necessary documents to verify your information, or apply with Singpass to have your particulars retrieved directly and skip manual uploads.
Are 21 years old or above
Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP)
Steady income, whether full-time, part-time or self-employed
NRIC (for Singaporeans/PRs) or Passport and Work Pass (for foreigners)
1. Last 3 months’ payslips
2. CPF contribution history
3. Income Tax Notice of Assessment
4. Bank statement showing salary crediting
1. Latest utility bill (within 3 months)
2. Tenancy agreement
3. Official letters sent to your home address
Loan Benefits
Support for the gap before payday, without a lump-sum repayment squeeze.
Repay over manageable monthly instalments, rather than facing one large repayment on your next payday.
Every rate and fee is disclosed upfront and capped within Ministry of Law limits, so you always know what you're agreeing to.
Apply online with Singpass MyInfo, so you can access funds quickly when the timing matters.
Real people and real guidance, from your first question through to your final repayment.
Loan Application Process
Apply online first, receive a verification call, visit our licensed office to review and sign the
loan contract, then receive your funds after approval.
Submit your loan application online with your basic details and preferred loan amount.
Our team will contact you to verify your details, understand your loan needs and guide you on the next step.
Visit our licensed office for in-person verification. The loan amount, repayment schedule, interest and fees will be explained before you sign.
Once your loan is approved and the contract is signed, the approved loan amount will be disbursed to you.
What Borrowers Say
See why borrowers trust BST Credit for clear loan terms, helpful service and a smooth application process.
FAQ
Answers to common questions about borrowing before your next payday in Singapore.
A payday loan is a short-term loan designed to help cover an expense that comes up before your next salary. In Singapore, payday loans can only be legally offered by licensed moneylenders, so it’s important to only borrow from a lender listed on the official Registry of Moneylenders.
No, not with BST Credit. Many payday loans require a single lump-sum repayment on your next payday, but a BST Credit payday loan is repaid through manageable monthly instalments instead, similar to our other personal loans, so you’re not facing one large repayment all at once.
The maximum you can borrow depends on your annual income and residency status, and this limit applies across all licensed moneylenders in Singapore combined, not per lender.
Licensed moneylenders in Singapore are regulated by the Ministry of Law to keep borrowing fair and transparent
To apply for a payday loan with BST Credit, you should be 21 years old or above, be a Singapore Citizen, PR, or valid Work Pass holder (EP, S Pass, WP), and have a steady income, whether from full-time, part-time or self-employed work.
You can check the official Registry of Moneylenders maintained by the Ministry of Law. Always apply only through official websites or verified contact channels to avoid unlicensed lenders. Read our full guide on how to check if a moneylender is licensed for a step-by-step walkthrough.
The Registry of Moneylenders cannot negotiate with lenders on your behalf, as this is a matter of private contract. If you’re facing financial difficulties, you may wish to approach a social service agency for credit counselling and help negotiating a repayment plan, such as Credit Counselling Singapore (6225 5227), which handles cases that also involve bank debts.
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