The customer service rep that I spoke to was awesome. He verified my identity and the money was in the bank in 10minutes. It was an easy and awesome experience. Thank you for being there for mne.
is now as easy as spending
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You could get up to S$50,000!*
Where ever you are
We take the pain out of the loan process with our simple and fast forms. You can get started 24 hours a day in the privacy of your own home and get the money you need.
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Why wait days or even weeks to get a credit decisions? The process is fast and you can get a decision on your loan as soon as the same day, often within minutes of completing our form.
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Any loan up to S$20,000, do Call us or WhatsApp us for faster processing time.
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Follow this easy steps to get money within 15 minutes
Fill in an application form
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Make a request on our website and wait for response to e-mail within 15-30 minutes from the time of the request during business hours.
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Easy steps to get your loan approved through online without hassles.
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After the application is approved, you will be receiving the money within 15 minutes. That’s easy.
Monthly Installment Loans With Cashmax88
Some places call them monthly loans. Others call them fixed installment loans. The root of the loan remains the same that you pay back the loan over a specific period of time.
If you are looking for a way to consolidate your bills or just need money to help you get back on track, a monthly installment loan could be the correct choice for you.
With a trusted moneylender like Cashmax88, you can get the funds you want with an installment plan tailored to your life.
Monthly Installment Loans with CashMax88
The monthly installment loan goes by several names.
Some people call them monthly loans, and others call them fixed installment loans.
What matters is that the underlying principle remains the same; the loan amount is paid off over a set amount of time.
If you need some way to consolidate your bills or you need a little extra cash to get your finances back on track, then a monthly installment loan may be just what you need.
With a respectable and trusted moneylender such as CashMax88 on your side, you can get the funds you need on an installment plan tailored to suit you.
What is a Monthly Installment Loan?
The length of time on an installment loan, also called the term, depends on how long you require financing and what the money will be used for. Most loans come with a repayment term between 36 and 84 months. Loans with shorter terms are available. During the lifetime of the loan you will pay back the initial principle amount (the cash amount) of the loan that was provided to you, as well as interest, through equal increments once a month.
An installment loan isnít a credit card, line of credit, or a payday loan. They require different kinds of repayments, some of which are immediate. This is why they canít be considered an ìinstallment loanî.
An installment loan can be used to finance healthcare, technology and gadgets, home repair, home equity loans, personal loans, student loans, car loans, and other similar loans.
How Can Monthly Installment Loans Help?
There are many potential uses for installment loans. They are the loan of choice for people who wish to budget around a predictable monthly repayment.
Knowing when you have to pay the loan and how much you need to pay each month helps you to plan your finances and budget around them.
You may even be able to improve your credit score by continuing to make on-time payments each month.
There are several benefits to having a monthly installment loan, including:
- You are able to build your credit. When you regularly pay off your installments on time, it builds up a stronger credit profile.
- The interest rates of an installment loan are lower than those of credit cards and lines of credit.
- You have an easier time budgeting around repayments as monthly payments are fixed and donít change.
- You are able to pay off more of your outstanding balance if you wish.
- Installment loans can be used for short-term or long-term loans, helping to cover emergencies or projects that have different lengths of time.
As mentioned before, installment loans in Singapore are handy for lots of different things, including buying a new car or paying for your education.
Thereís nothing preventing you from finally taking control of your finances.
How to Apply for a Monthly Installment Loan
Each moneylender will have their own requirements to determine loan eligibility.
The kind of loan that you want may also come with different acceptance criteria.
Sometimes the criteria may be stricter than others, but in general you require the following:
- To be a Singapore citizen of legal age, a permanent resident of Singapore, or hold a valid work visa/permit
- Receive a regular income
- Hold a bank account
- Have a healthy credit rating
You may be asked to provide certain documentation, including;
- Your personal details including your name, contact information, and proof of identity (such as a passport, IC card, or driver’s license)
- Your employment details including the name of your employer, your annual income, and the contact information of your employer or immediate supervisor
- Details about your assets including information on cars or property that you own, along with the savings in your accounts
- Details about any liabilities including open credit accounts, mortgages, debts owed, and other loans you have out.
Please be aware that the loans we provide are subject to the Moneylenders Act and all of the rules of that law. Don’t hesitate to ask our friendly customer service representatives if you need any advice.
Applying for Monthly Installment Loans in Singapore
There are several reasons that Singaporeans and foreign nationals living in Singapore take advantage of our loan services.
CashMax88 are a trusted and licensed Singapore moneylender, making us a great partner to do business with.
We firmly believe that you and your goals should come first.
We provide a range of loans, including payday loans, monthly installment loans, and business loans that come with flexible APR repayments as well as low interest rates.
We want to become a trusted business partner with you. We want to help you grow and build your business.
We do everything we can to ensure that you get great quality customer service, a rapid response, and the best possible results.
Not only do we save you money, but we also make it so that you get quick access to your money.
Our professional moneylenders work together to provide rapid results and deliver high quality customer service.
Thatís why we have made the application process as simple as possible.
All you need to do is fill out some pieces of basic information, and then we’ll have a quote generated within a matter of minutes.
There ís no need to go anywhere else for a loan when you have us.
Get in touch today if you have any loan questions you need answered.
We are standing by and look forward to hearing from you.
Singapore Monthly Installment Loan FAQs
What are the drawbacks to monthly installment loans?
Personal loans tend to come with strict criteria.
Moneylenders will almost definitely take a look at your credit history and request some sort of proof of income from you.
If you aren’t able to make your monthly repayments, even hypothetically, then your application for a loan may be rejected.
Do other places offer installment loans?
There are many loan institutions that offer installment loans, but they donít have loan terms as flexible as ours.
You could still consider a traditional bank or credit institution for Singapore installment loans though.
However, they may not process your application as quickly. If you require money in a hurry, then moneylenders would be the best possible choice.
How much can I borrow?
How much you can borrow- the loan amount- varies depending on your financial situation and needs.
CashMax88 limits loans to a cap of $5,000.
How much you are able to actually borrow is determined by the information that you provide during your phone meeting and on the application.
How do I know if a monthly installment loan is a good choice?
Any kind of loan may or may not be a good choice.
They are likely a bad idea if you are looking for a long-term solution for financial problems. Don’t forget that you need to pay back the money you borrow, and that includes interest.
Never use any kind of loan to pay off an outstanding debt unless you are consolidating your debts. Debt consolidation loans are a different, unique kind of loan.
How quickly can I get money?
While the application process is quick and simple, and we get your completed application within minutes, do keep in mind that you are unlikely to receive your money the same day you apply.
Much like your paycheck taking a business day to enter your account, the same is true of loan money.
If you receive approval for a CashMax88 loan, then you will get the money as soon as possible. We will keep in touch with you each step of the journey.
If you have any questions about monthly installment loans that we haven’t answered, then get in touch today through email, call, or live chat. Our advisors are on hand waiting to hear from you!
What customers are saying
Hear what our customers are saying
I needed fast cash and applied for a loan through the website. My application was approved quite fast and the loan was granted. On payday I repaid in full. Reasonable moneylender.
This is the first time that I applied loan through online . I was worried and don’t have any confidence on moneylender as I read about several bad reviews. I done some research online and read about the good reviews of Cash24hour. Indeed, they are very professional and friendly. First they will call you to verify your details then he started to explain the loan plans and interest rates. In the end, I decided to take a $2000 loan and 6 months repayment plan. I am very thankful and satisfied with their services. Thumbs up for them!