A pile of coins obtained from fast cash loans in Singapore

4 Easy ways to qualify for fast cash loans

4 min

We can all do with some financial assistance at certain points in our lives. Fast cash loans are the answer for people from all walks of life who need that assistance quickly and securely. Cash Direct is a licensed money lender in Jurong East that provides this service.


In this article, we explain four simple steps you can take to ensure that your fast loan request is approved. Each one helps a little but you are virtually guaranteed a fast loan in Singapore if you can satisfy all of them.

Provide Personal Identification

All licensed moneylenders in Singapore are required to confirm an applicant’s identity before processing a fast loan approval. This is a crucial step to prevent others from taking on debt in your name.


Cash Direct has established a thorough but orderly process for ID verification. The streamlined procedure is conducted by our experienced and professional team of loan consultants. We have the highest regard for your privacy and follow strict security protocols to ensure that your data is not compromised.


In most cases, your NRIC or FIN card will be sufficient. In certain cases, we may require additional information such as a passport and/or proof of residency. All your identity documents are returned to you immediately after we have verified them for authenticity.

Maintain Employment

A good employment record is perhaps the strongest indicator that you can qualify for a fast loan in Singapore. Lenders view a steady income stream as a pathway for you to adhere to your financial obligations.


When you apply for fast cash loans, bring as much relevant employment paperwork with you as possible. This can include but is not limited to pay slips, records of CPF contributions, and tax records. Recent bank statements and proof of alternate income sources such as alimony, child support, and disability payments from insurance companies are also helpful.


Remember, each additional document may help us assess and approve your fast loan. As with your personal ID, we return all financial documents to you immediately after we have verified them for authenticity.

Get a Co-signer

A co-signer to a fast loan is someone who agrees to be responsible for the repayments if you are unable to abide by them. They do not receive any money from the loan directly from the lender.


If you can get an individual with a ‘Good’ or ‘Excellent’ credit score to co-sign for a fast loan credit will not be a problem – you are virtually guaranteed fast loan approval. However, the advantages go beyond approval. Lenders may also approve a larger loan principal and charge you lower interest rates for the same terms.


If you do have a relative, close friend, or colleague who is willing to co-sign a fast loan in Singapore, they will have to furnish the same paperwork as you. When you visit us, ask your co-signer to bring the same documents for identity and income verification we described in the steps above.

Honour Your Debts

There are few better signs of a reliable debtor than a history of debts paid in full and on time. Creditors take this approach whether you are applying for fast loan credit, business loan, or a mortgage. In fact, credit rating agencies favour individuals who have a history of incurring debt and then repaying it over those who simply do not borrow at all.


In light of this, do not regard your applications for fast cash loans with Cash Direct as a negative step. If you maintain regular payments to service the loan and pay off the debt in time, that progress is a feather in your financial cap. It will help build your credit, boost your financial score, and allow us to offer you larger loans with lower interest rates in the future.

The Bottom Line

Fast loan approval is not an impossible goal, no matter what your credit history may be. Even if you are struggling financially today, simple things like ID verification, a good employment history, a record as a reliable debtor, and a co-signer have a significant impact on your application with a licensed money lender in Singapore.


If you are still unsure, contact Cash Direct at your convenience. We will help you get the fast loan you need.


The information provided on our website is for educational and informational purposes only and is not intended to be a substitute for legal or financial advice. While we try to ensure that information on this website is accurate, we do not warrant that the information will be free from error. We shall not be liable for any loss or damage that may arise from the use of this website.

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