Bad Credit Score Loans

Lending Bee® offers unsecured loans up to $100,000 SGD with longer loan tenures up to 36 months, and secured loans up to $2,000,000 SGD.
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Suffering From Bad Credit? A Bad Credit Score Loan Might Just Be The Answer

As with most Singaporeans, we’ll all take out a personal loan at least once in our lives. Whether it is to purchase a new home, to consolidate debts, to further your studies and so forth.

However, what happens when you suffer from bad credit? Having a bad credit score can be very frustrating. It will then limit your options and significantly lower your chances of getting approved for a loan. It can also expose you into an unending cycle of lack and financial strain.

Don’t let your bad credit score affect your chances of securing a loan.

What Is A Bad Credit Score Loan?

Just as the name suggests, a bad credit score loan, also known as bad credit loans, is a loan specifically tailored for those who are suffering from bad credit, have faced countless loan rejections, yet require additional financial help. They are basically personal loans in Singapore for those suffering from bad credit.

We understand that a borrower with a bad credit score is usually shunned away by banks and other credit unions. This might be extremely exasperating, especially so if you wish to take out an urgent loan.

This is where Lending Bee’s Bad Credit Score Loan can come in handy. Our fast cash loans can help to relieve your financial burden, and provide you with the necessary financial help.

We believe that everyone should have equal access to credit. This is why we do not discriminate against bad credit score borrowers.

Credit should be made accessible to everyone. Apply for a loan with us today.

Why Choose Lending Bee's Bad Credit Loans?

*Final interest charged and loan application time varies for each applicant.

Our Process Is Simple – Just 3 Steps

Efficient and reliable, we help you make progress in life.

1. Easy Online Application

Register an account on our mobile app or simply fill up the loan application form. Takes only 3 mins.


2. Receive Application Status

Outcome of the loan with the maximum loan amount and tenure will be provided to you in less than an hour.


3. Fast Cash Disbursement

Head down to your selected Lending Bee® branch, sign the contract and get your money instantly.

1. Easy Online Application

Register an account on our mobile app or simply fill up the loan application form. Takes only 3 mins.


2. Receive Application Status

Outcome of the loan with the maximum loan amount and tenure will be provided to you in less than an hour.


3. Fast Cash Disbursement

Head down to your selected Lending Bee® branch, sign the contract and get your money instantly.

5 Situations Where A Bad Credit Score Loan Can Help

During the phase of your life, there are situations where you might require an additional sum of money to manage your financial situation. A sudden medical emergency or accident may find you riddled with endless medical bills. An unexpected retrenchment will also leave you with a sudden loss of income.

When such undesirable situations occur, a bad credit score loan can prove extremely helpful. Once your bad credit score loan is approved, here are some scenarios where you can use it:


1. Emergencies

A bad credit score loan is suitable to finance any forms of emergency.

This could be a medical emergency, a funeral, an accident, or any other urgent situation that has arisen. Such emergency situations are usually distressing, and are made even worse with the lack of funding.

A bad credit loan will be of great help in cushioning you during these times of crisis That said, you should only take out the sum you require so as to avoid grappling with repayments after.


2. Wedding Expenses

If you are planning for a wedding and your credit rating is not favourable, a bad credit score loan will help you to finance your big day.

Such a loan is ideal for occasions like weddings because it is generally short term in nature. You can organise your budget and repay the loan within a few months after your wedding.

This way, you can plan for your dream wedding without having to worry about costs.


3. Paying For Your Child's Education

At Lending Bee, we believe that your finances should not limit your child’s education opportunities. As a parent, you only want the best for your child. This includes sending them to prestigious educational institutions

You could be interested in furthering your education, or a family member could in need of school fees. With a poor credit rating, it will be difficult for you to get any other loan. A bad credit loan will enable you to pay the school fees required.

4. Vacation Expenses

Going on vacation can be very expensive. You may desire to take a well-deserved break to unwind and have a time of bonding with family and friends.

A negative credit rating should not hinder you from enjoying this time of rest. A bad credit score loan can be used to finance your short vacation. This way, you’ll be able to enjoy your vacation without worrying about costs.


5. Delayed Salary

There may be times when your employer might delay your salary due to unforeseen circumstances.

What happens when you have utility or rental bills to pay? This can prove to be very distressing. With a bad credit score loan, you’ll be able to account for your rental and utility expenses. 

This way, a bad credit score loan can tide you through till your next pay cheque.

Features Of A Bad Credit Score Loan

1. Might have a higher rate of interest

Most lenders tend to charge a higher interest rates for bad credit loans. This is because it is risky for a lender to issue a loan to a borrower who has a poor credit rating. Therefore, most lenders make every effort to cushion this high risk by charging a higher rate of interest.

However, at Lending Bee, we do not raise our interest rates for borrowers with a poor credit score. We understand that certain situations require urgent financial help. After getting rejected by banks and other financial institutions, getting bad credit loans from licensed money lenders might be the last resort. This is why our interest rates are standardized (up to 4%)*, regardless of poor credit or not.

2. Shorter repayment period

Loans given to borrowers with bad credit are usually short-term in nature. Lenders prefer to give loans that will take a shorter time to pay back because the longer the loan term, the higher the chances of default.

Here at Lending Bee, we allow you to customize your loan tenures up to a maximum of 36 months**. This allows for easier repayment so that you will not hurt your finances while tending to your financial obligations.

3. A limited loan amount

Bad credit score loans usually have a more stringent cap on the loan amounts which you can borrow. This is because issuing a big loan amount to a borrower who already has a bad credit rating increases the risk of default. The smaller loan amounts are aimed at making it easier for the repayments to be done in a timely way.

Lending Bee urges those who wish to take a bad credit score loan to only borrow what they can afford. This is so that you can make timely repayments and avoid incurring unnecessary late repayment fees and to also prevent loan defaults.

4. Can be unsecured

Just like all other loans, our bad credit score loan is unsecured. For unsecure bad credit loans, we do not require any collateral from you, the borrower to approve the loan. In case of default, we use legal avenues and agents to collect the outstanding debt.

This is why we heavily emphasize that you should only take out what you can afford to repay so that you will not find yourself defaulting on the loan.

*Final interest charged varies for each applicant.

**Final loan tenure varies for each applicant.

What Can I Do With A $5,000 Bad Credit Personal Loan Singapore?

Depending on your monthly salary, you will be able to take out a certain amount with Lending Bee’s bad credit loans. As a rule of thumb, you are allowed to borrow up to six times your monthly income.

For instance, you might wish to borrow a bad credit personal loan of $5,000 to fund part of your home renovation costs. Unfortunately, wih your poor credit, banks and other financial institutions have rejected you time and time again. 

How can I then apply for a renovation loan with bad credit in Singapore?

This is where Lending Bee will be able to step in to offer you with our bad credit loans. Below are some examples of how you can utilise our personal loans for bad credit.

You might be struggling with a variety of loans at the moment. For example, you might currently have a home loan and car loan which you have to pay off.

How then do you clear your bad credit history?

This is where a debt consolidation plan can come in handy. By consolidating all your debts into one fixed monthly repayment, you will decrease the risk of missing out on payments and allow you to better manage your finances. Hence, you will be able to make comfortable repayments on your loans.

Home renovation costs in Singapore do not come cheap and usually go by the thousands. A bad credit loan in Singapore will be able to help you pay for a portion of your home renovation costs. This way, you won’t have to halt your home renovation just because of your bad credit score. 

Suffering from a poor credit score can heavily impede your ability to enjoy life a little. You’re constantly worried about making timely repayments. 

However, with a bad credit score loan, you will be able to receive a sum of money to clear your debt and hopefully, travel to relax and unwind. 

When a medical emergency occurs, every second counts. However, suffering from bad credit can severely impede your ability to pay for your medical bills. 

With a bad credit loan from Lending Bee, you will be able to borrow a sum of money to tide you over your medical emergency while you progressively improve your credit score.

Tips To Increase Your Chances Of Being Approved For A Bad Credit Score Loan

Perhaps the reason for your bad credit was due to your spending habits of the past. Now that you are determined to change for the better, sadly, what was done has been done. There is no way of rewriting or changing your credit score overnight.

In an attempt to break out of this vicious cycle, you might be looking for loans to cater for your bad credit score. All hope is not loss. Here are some useful and helpful tips to help get you the bad credit score loan you require.

It is important to limit your application for new credit cards if you already have a bad credit rating. Applying for more credit cards will only increase your risk of falling into greater debt. A good option is to reorganize your budget so that you can pay off your current credit cards on time. As you make your payments punctually, your credit rating will improve.

Set reminders for each bill that needs to be paid. This is especially helpful if you have several loans with different payment dates. Once you have set reminders, ensure that you are disciplined enough to honour the payments as they fall due. This will give you a more favourable credit rating

If you are unable to manage the different payments of several debts, then it will be advisable for you to consider debt consolidation. Having all your debts consolidated into one makes it easier for you to follow up on payments. As you make timely payments, your credit rating will improve.

Lending Bee offers affordable debt consolidation plans to help you get your credit score back on track.

Having a repayment plan that you are comfortable and can commit to is extremely important. This is so that you won’t find yourself having to default on payment and incurring unnecessary late payment fees.

A Bad Credit Score Loan from Lending Bee® can be the timely financial help that you require. Apply today.

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