Credit Line

Information about Aspire's Credit Line

What can I do with a credit limit?
An AspireAccount with an approved credit limit gives you access to a revolving credit facility with which you can make Withdrawals and Pay your vendors. G...
Mon, 15 Jun, 2020 at 5:15 PM
What are the eligibility criteria for a credit limit?
Here are the eligibility criteria for a credit limit: Have a PTE LTD, LLP or LLC registered with ACRA (we cannot lend to sole proprietorships) Applic...
Mon, 15 Jun, 2020 at 5:26 PM
What is a CBS Report?
A Credit Bureau Singapore (CBS) report is a record of your personal credit payment history. You can purchase yours for $6.42 from the CBS website here.  ...
Tue, 31 Mar, 2020 at 6:23 PM
What is a guarantor?
Anyone who agrees to be a guarantor promises to repay the loan provided by Aspire if the business defaults on the loan. Please ensure that you understand th...
Tue, 31 Mar, 2020 at 6:33 PM
How can I retrieve a copy of the agreements that I've signed?
You can download a copy of the agreements that you've signed in your AspireAccount. Simply click on the Settings tab on your left navigational bar....
Mon, 15 Jun, 2020 at 5:16 PM
Am I eligible for a credit limit if I have outstanding loans/litigation?
Outstanding loans: Depending on the nature of your loan (loan amount, number of repayments left, etc), you may or may not be eligible for a credit limit. Y...
Mon, 15 Jun, 2020 at 5:17 PM
How long is my credit line approved for?
Contractually, the validity of the credit line is up to Aspire's discretion. Our internal policy is to conduct a credit review every 6 months.
Mon, 15 Jun, 2020 at 5:18 PM
How can I get a higher credit limit?
If you would like to request a re-assessment of your credit limit, you will need to wait at least 3 months from your last credit limit approval date. W...
Mon, 15 Jun, 2020 at 5:19 PM
What are the fees like?
Our interest rates are as low as 1% per month and processing fees are between 1-4% based on amount drawn. The exact interest rate and processing fee will d...
Wed, 17 Jun, 2020 at 11:10 AM
How to make a repayment
Repayment reminders will be sent to you via email and SMS 7 days before and 1 day before your scheduled repayment date. GIRO payments If your GIRO h...
Thu, 20 Feb, 2020 at 5:59 PM