Yes, various licensed moneylenders have a foreigner loan. These are offered to foreigners who are expatriates or with work permits. Ideally, this loan is dedicated to answering their financial needs. Among the common reasons that they need a foreigner loan are the following:
- Rental deposit
- New car’s down payment
- You or your children’s application and tuition fees
- Flight Ticket when going back home
If you are a foreigner in Singapore, you have the option to borrow even your annual income is less than $10,000. But, if you want a much higher loan offer, you need to have at least $20,000, where you can have a loan amount of up to 6 times your monthly income.