Bad Credit Personal Loan

We offer unsecured loans for bad credit up to $50,000 SGD with one of the lowest interest rates to help you tide through the bad times.

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What is a Bad Credit Loan?

Constantly rejected from financial institutions because of your bad credit?


We understand that this can be frustrating. This is why Lending Bee® has specially tailored a bad credit loan to support borrowers suffering from bad credit.


A bad credit loan is a form of personal loan specifically targeted at those who have less than ideal credit scores, yet require prompt financial assistance. It is suitable for those who have faced repeated loan rejection across financial institutions as a result of their poor credit ratings.


At Lending Bee®, a bad credit loan 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.

Benefits of a Bad Credit Loan with Lending Bee®

Our bad credit loan stands out as we provide our borrowers with a wide range of unique benefits.

Better and improved
credit scores

Flexible
loan tenures

Ease of application
and approval

Increased
convenience

FAQ on Lending Bee's Bad Credit Loans

Frequently Asked Questions

How does a bad credit loan work?

A bad credit loan is typically for those suffering from poor credit. It works just like a personal loan and can be used for your personal expenses.

This includes things such as paying for your necessities like rent, transport and groceries.

It can also be used to fund bigger ticket items such as a vacation, wedding or for emergency medical expenses.

What are some ways to improve my bad credit score?

1. Consider credit counselling

As a non-profit social service agency, Credit Counselling Singapore is a good place to begin.

They assist individuals by addressing their unsecured debt troubles and in the process, allows them to have a clearer understanding of their finances and how to manage them properly.

They are also able to schedule debt negotiation meetings with banks to restructure your loans.

2. Avoid applying for new credit cards

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.

3. Make full and timely repayments

Ensure that you stick to your repayment schedule by paying in full and on time.

This way, you will be able to gradually improve your credit score.

By doing so, it also shows that you are a responsible borrower that can take charge of your own finances.

What is CBS' credit scoring system like?

Every individual will have their own unique credit score.

This credit score ranges between 1000 and 2000. 1000 being the highest likelihood of defaulting on a payment, and 2000 being the lowest chance of reaching a delinquency status.

Along with the score, the risk grade is also provided.

The risk grade ranges from AA – HH with AA being the lowest risk grade (least likely to default on a loan), and HH being the highest risk grade (most likely to default on a loan).

What are the factors that affect my credit score?

Factors that play a part in your credit score include:

  • How much credit you have used
  • How many recent credit facilities (credit cards included) you have applied for
  • Number of enquiries to your credit score and frequency of late payments.

In addition, the longer you have maintained a good credit account history, the better your credit score will be.

Is a bad credit loan good for my credit score?

With the help of a bad credit loan, you will be able to clear your debts more efficiently at lower interest rates.

More importantly, ensure that you make your monthly repayments on time and pay off your full loan amount. This can help to improve your credit score.

What kind of situations will I require a bad credit loan?

1. 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.

2. 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 to avoid grappling with repayments after.

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. 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.

5. Vacation / staycation expenses

Holidays 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.

What documents are required to obtain a bad credit loan?

For Singaporeans / PRs:

  • Proof of identity (NRIC, passport)
  • Proof of income (CPF / bank statements)
For Foreigners:
  • Work Permit / S Pass / E Pass
  • Proof of residence (Utility bills, phone bills, tenancy agreement, etc.)
  • Payslips / bank statements

Who is eligible for a bad credit loan?

To qualify for a credit card consolidation loan with Lending Bee®, you’ll simply have to:

  • Be a Singapore Citizen, Permanent Resident or a Foreigner with a valid work permit
  • Be at least 21 years old
  • Be employed / self-employed

What is the application process for a bad credit loan like?

At Lending Bee®, all applications for our bad credit loan are kept fast and simple.

  • Step 1: Submit your application via our online application form.
  • Step 2: We will drop you a call regarding your loan application status within the hour.
  • Step 3: Head down to your selected Lending Bee® branch, sign the contract and receive your loan.

How fast can I receive my loan?

We will disburse the funds to you immediately after you have accepted and signed our loan contract at any of our branches.

I have existing loans with other licensed moneylenders / Lending Bee®. Am I still eligible for a loan?

Yes, you are still welcome to apply for a loan with us!

Lending Bee® aims to help as many borrowers as possible and provide them with one of the best loan packages in the market.

We are here to serve your needs.

Will I be charged if I make early repayments?

No, we do not charge any fees for early loan repayments.

Outstanding interests, if any, will also be nullified once you have finished repaying your loan earlier than the date stipulated in your loan contract.

Will my loan documents and information be mailed to my home?

No, we do not mail any of your loan information to your home.

All loan details will be kept digital, and private with us, unless a physical copy is requested.

Additional Resources on Bad Credit Loans

Our Latest Customer Reviews

Borrow with confidence. Lending Bee® licensed moneylender has more than 1,900 positive customer reviews on Google Business.

Afir 79
Afir 79
November 23, 2022.
I was served by Samantha at Jurong Branch. She was very polite and explain every single detail clearly.Thank you very much for your help.
Frankie Huang Jianwei
Frankie Huang Jianwei
November 22, 2022.
HI lending Bee....can I enquire about a loan for 15K what is the processing fee and the interest rate on ur side? Previously sucessful Borrower/Return with GScredit.......
Nad Irah
Nad Irah
November 18, 2022.
Very understanding and does their best to accomodate and help you as much as they can. The ambience when you come in is not scary or judgey : very welcoming and calm. Thank you to Boon from JE outlet for helping me with my application!
Azmi Ali
Azmi Ali
November 14, 2022.
very professional & swiftly processed.thank you lending bee!
Ari Izza
Ari Izza
November 12, 2022.
friendly staff, assisted with the help i needed.. was assisted by Boon.
Nur Qistinaa
Nur Qistinaa
November 12, 2022.
understanding and explained every details needed.
Martin Tin87
Martin Tin87
November 10, 2022.
Thank you very much
KeanChang Chau
KeanChang Chau
November 7, 2022.
Very detailed explanation by boon, I'm clear to what are the rates and things to look out for taking up a loan. Definitely making me understand about my situation regarding the payout.
Mohammad Zulhaiqal
Mohammad Zulhaiqal
November 6, 2022.
Straight forward with the details, easy to understand and very friendly.

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