Fortune Credit Pte Ltd is a licensed moneylender (License No. 33/2022) listed in the Registry of Moneylenders, under the Ministry of Law in Singapore.

CPF Personal Loan

A new solution for your financial needs.
Whatever financial emergency you’re facing,
you can borrow with confidence with a CPF personal loan.
 

Excellent 5/5

90 Reviews on

Loan Advisor

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Get money fast at low-interest rates from 1 to 4% only

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Unsecured loan – No collateral/pledging of assets needed

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Borrow up to 6x your monthly income

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Financial emergencies can happen at any time. To help tide you over these challenges, you may turn to personal loans to improve cash flow. But think carefully before you take out a secure loan from financial institutions against your property. Your home may be repossessed if you fail to keep up with the repayments.

If you’re looking for better solutions, consider taking out a CPF personal loan. This is a new initiative with a similar concept to unsecured loans. A CPF personal loan allows clients to use their CPF savings to apply. This option is available to individuals who are turning 55 years old.

Personal Loan Img

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Low-interest rates from 1 to 4%

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Unsecured loan – No collateral/pledging of assets needed

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Flexible repayment tenures

Personal Loan Img

Fortune Credit’s personal loan is an unsecured loan that can cover your needs as well as your little pleasures. With the loan amount up to 6 times of your salary, this personal loan in Singapore can provide you the loanable amount which can surely help sustain your needs or help fulfil your wishlist.

APPLY FOR A LOAN IN 3 EASY STEPS

01

Call

Call or Apply Online

Apply from the comfort of your home at our official website https://www.fortunecredit.com.sg/ or call us at 6777 1887

02

Group

Visit Our Office For In-Person Consultation

Our consultant will schedule an appointment for you to further discuss the terms and conditions of your loan plan.

03

Cash

Receive Your Cash on the Same Day

Get your cash loan as soon as the agreement has been signed

ELIGIBILITY

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At Least 54 Years Old Individuals who are about to reach 55 years old can apply for CPF personal loan.

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Minimum Salary Singapore Citizen or Permanent Resident: S$1,500

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Eligible to Withdraw At Least S$5,000 from Special or Ordinary Account Savings

DOCUMENTS REQUIREMENTS

LOCAL AND PERMENANT RESIDANCE

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Identity card / NRIC

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Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)

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Proof of employment (certificate of employment or recent 3 months payslip)

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SingPass (to log into CPF, HDB, IRAS website)

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Identity card / NRCI

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Proof of residence (utility bill, a letter addressed to you, and or tenancy agreement)

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Proof of employment (employment letter if your job is less than 3 months)

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SingPass (to log into CPF, HDB, IRAS website)

Feel Free to Borrow Anytime!

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It just takes 5 minutes
to complete your
loan application!

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It just takes 5 minutes to
complete the form to
get FREE loan quote! 

CPF PERSONAL LOAN FAQ

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A CPF Personal Loan is an unsecured loan that provides borrowers with immediate cash. It can be used for a variety of financial emergencies, such as paying for home repairs, medical bills, or credit card bills. With this loan, the borrower will be using their CPF savings to apply.

Borrowers can borrow up to 6 times their monthly income and the interest rate is capped at 4% per month, regardless of income.

Here is a simple example:

An individual who is turning 55 years old suddenly finds himself in a financial crisis before he can withdraw funds from his CPF. He can apply for a CPF personal loan to receive financial assistance. He can pay off the personal loan as soon as he can withdraw one lump sum from his Ordinary or Special CPF Account.

Personal Loan

CPF Personal Loan

Age eligibility is at least 18 years old

Age eligibility is at least 54 years old

Borrow up to 6x monthly income

Borrow up to 6x monthly income

1% to 4% interest rate per month

1% to 4% interest rate per month

6 to 12 months loan tenure

1 to 6 months loan tenure or until your 55th birthday

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Must be eligible to withdraw at least S$5,000 from Special or Ordinary Account Savings

To avoid personal loan scams, the first thing you must do is verify the credibility of the money lender you are dealing with. Make sure that you are dealing with a licensed money lender and registered with Singapore's Ministry of Law.

Here are other things you must keep in mind:

  • Compare the best CPF personal loan plans and find one that best suits your budget and repayment capability.
  • Read customer feedback and reviews on Loan Advisor and Google Reviews.
  • Make sure you understand the terms and conditions of the loan.
  • Receive and keep a copy of the signed loan contract.

The interest rate for CPF Personal Loans is capped at 4% per month, regardless of your income and loans offered by Fortune Credit, each best personal loan can lend you up to six months’ worth of your monthly income. Depending on your assessment and requirements, we always give the best optimal amount of loan to our clients.

To further explain, you can loan any amount with secured loans. For unsecured loans, please refer to the table below:

Borrower’s annual incomeSingapore Citizens and Permanent ResidentsForeigners residing in Singapore
Less than $10,000

$3,000

$500
At least $10,000 and less than $20,000$3,000
At least $20,0006 times monthly income6 times monthly income

The loan application process at Fortune Credit is swift and efficient. Whenever you apply for a CPF personal loan with Fortune Credit, you will receive your borrowed money within an hour, or upon the signing of the contract in our office.

Upon signing the contract or during the interview, charges like interest rate, processing fees, and other fees will be thoroughly discussed, and any questions regarding these fees will be answered by our friendly and professional loan officers.

  • Upon the personal loan approval, make sure you receive the correct principal amount of the loan or the actual loan amount. The lender is only permitted an upfront processing fee deduction of a loan approval fee of up to 10% of the principal amount.
  • Note that the minimum repayment period of a CPF personal loan is 1 to 6 months or until your 55th birthday only. Make sure to pay the loan installments on time to avoid incurring late payment fees, additional interest rate, and late interest rate.
  • The lender must issue a receipt when you repay your CPF personal loan and check for any discrepancies in your name, amount, or payment date.
  • Make sure you receive a statement of account for all your personal loans at least once every January and July and check it for correctness (e.g. name, amount, date); and
  • Keep all statements of accounts and receipts of monthly payments. These will serve as documentation and evidence of payment of the loans.

 

Fortune Credit is among the top 10 legal moneylenders in Singapore and touted as the best moneylender in Bugis as well as Bras Basah.

Since 2010, we have been commended for being a financial agency that offers a “comfortable, friendly, and efficient” borrowing experience.

Fortune Credit is here to provide financial help to those in dire need of money. But what makes us different from other moneylenders is our reputation for being a warm, caring, and thoughtful institution. We understand that the overall process of borrowing money should be easy, relaxed, and unintimidating.

True to our mission “Feel Free to Borrow Anytime”, we vow to extend our financial help to those in need every single day.

Being in the industry for over a decade, we have established excellent customer service and achieved notable awards.

Honours & Achievements

  • Regarded as among the top 10 licensed moneylenders in Singapore by Loan Advisor
  • Included in the list of top-performing legal moneylenders in Singapore by Top Brands

Reviews & Testimonials

  • Received excellent 4.9 stars from verified clients on Google Reviews
  • Commended as “friendly, efficient, and accommodating” by customers on Loan Advisor

You can borrow up to 6x your monthly income. The maximum loan amount will also need to depend on the savings you have in your CPF account.

The repayment period of a CPF Personal Loan is between 1 to 6 months or until your 55th birthday.

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