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

6 Ways to Improve Your Credit Score – Get the Loan You Want

Credit Scores: How They Affect You And Ways To Improve Them

Licensed Moneylenders Singapore Guide (2022): How To Get The Best Personal Loans From Legal Moneylenders

3 Simple Steps to receive
your instant cash loan

Lending Bee empowers you with the immediate financing that you need.

Submit Online Application

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

Receive Application Status

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

Fast Cash Disbursement

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

Apply Now

Our Latest Customer Reviews

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

Vn Vn
Vn Vn
March 1, 2023.
derek has been really welcoming and friendly! thank you for the kind service!
Roger Sim
Roger Sim
March 1, 2023.
Friendly and effective staff - derek
Ken Mong
Ken Mong
March 1, 2023.
Great help and patient explanation from Derrick. This company does help to settle my debts issue with consolidation.
Gerald Tan
Gerald Tan
March 1, 2023.
Went through details with Norman from Orchard lending bee. Friendly , explains clearly and hassle free experience.
Royston Lim
Royston Lim
March 1, 2023.
Very professional, friendly and patient as well as sound sincere and genuine
Arvind Palaniappan
Arvind Palaniappan
February 28, 2023.
Helpful officers and clear process
Lala Oh
Lala Oh
February 27, 2023.
Thank you for the advice and explanation on my loan! :)

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