Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

365 Credit Solutions Payday Loans Review

365 Credit Solutions offer short-term loans which could help to meet urgent expenses.

If you are considering a payday loan from a moneylender you should read the “Notes for Borrowers” (PDF) from the Ministry of Law Singapore.

Expenses can crop up unexpectedly — whether it’s a medical emergency or forgotten bill deadlines. Payday loans could be helpful in such situations. This review will help you better understand 365 Credit Solutions payday loans and how they work.

What is a payday loan?

A payday loan is a form of short-term borrowing where a lender will loan some cash to a borrower, charging interest rates that are dependent on the borrower’s income profile. This type of loan often needs to be repaid by your next payday, hence the name “payday loan”.

How does a payday loan with 365 Credit Solutions work?

Firstly, you should have a clear understanding of the amount you need to borrow. You can discuss your needs further with 365 Credit Solutions during the application process, and a transparent plan will then be laid out. Application processes tend to take less than an hour and you will receive your desired amount shortly after. Payment will then be collected on the agreed dates through bank transfer, GIRO or cash.

Features of a 365 Credit Solutions payday loan

  • A convenient and quick registration process.
  • Competitive interest rates.
  • Upfront presentation of repayment terms and minimal hidden costs.
  • Quick loan application process and cash payout in less than an hour.
  • Accessible and convenient payments through bank transfer, GIRO or cash.

What do I need to apply?

In order to apply for a payday loan from 365 Credit Solutions, you have to first check if you meet their eligibility requirements, as listed below:

  • The business or company must be registered in Singapore.
  • The business or company must be operational for at least 1 year.
  • The business or company must have a minimum turnover of S$60,000.

Following this, you should proceed to gather these documents for your online registration for a payday loan from 365 Credit Solutions:

  • NRICs for all directors, sole proprietors and partners.
  • Recent information report (Business Profile) from the Accounting & Corporate Regulatory Authority (ACRA).
  • Assessment of income tax for the company/directors and sole proprietors.
  • Recent financial statement.
  • Recent invoices or business contracts.
  • Recent utility bills for the company.
  • Business’s latest 6-month bank statement.
  • List of assets owned by the company/directors and sole proprietors.
  • SingPass (to download the IRAS NOA).

Bottom Line

A payday loan from 365 Credit Solutions is one possible option to help you pay off immediate expenses, but this type of loan is considered a risky way of borrowing. Be sure to fully understand the fees involved and ensure that the repayments plan is one that you’re comfortable with before signing up. Payday loans are short-term solutions and although helpful, should be used sparingly and as a last resort.

And as always you should read the “Notes for Borrowers” (PDF) from the Ministry of Law Singapore if you are considering a payday loan.

More guides on Finder

Ask Finder

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy Policy and Terms.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site