Summary
✅ From application to cash in 48 hours
✅ Ultra simple process
✅ Repay automatically through your daily sales with Qashier
✅ Loan tenure of between 1-6 months
Application
Simply submit your interest via QashierHQ under Qashier Loans. Our team will contact you thereafter to discuss the terms, rates and the agreement. Once the application is processed, we will disburse the loan amount to your bank account immediately.
What can I use this loan for?
You may use the loan for any expenses related to your business, be it to pay for operational expenses like rent/salary or to fund strategic plans like outlet expansion or equipment purchase.
How much can I borrow under Qashier Loans?
If you are seeing this, most likely you already know your pre-approved maximum amount. Otherwise, our loan quantum is from as low as SGD5k, up to 200k. This quantum is recalculated for you every month so as your sales increase, the amount you qualify for increases as well.
What documents do I need to present?
We require only the Credit Bureau report for approval.
Where will the funds be disbursed to?
We will disburse to bank accounts that are under your business’s name.
How do I repay?
Qashier Loans is applicable to businesses that are already processing payments with Qashier. When you have a loan ongoing with us, we will automatically deduct a pre-agreed amount from your daily payouts across the loan term.
Example: Take S$10,000 over 3 months → Qashier will deduct $100~$120 (based on agreed amounts) from your daily sales -> You will receive the remaining amount as your daily payout.
Frequently Asked Questions (FAQ)
Q1: How is my pre-approved amount calculated?
Based on your historical daily sales volumes with Qashier. The higher sales volume, higher pre-approval limit.
Q2: Can I borrow less than my approved amount?
Yes, of course!
Q3: How is daily repayment calculated?
It depends on your selected term. For instance:
Longer terms → lower daily deductions
Shorter terms → higher daily deductions
Q4: What if my sales dip and I can't cover the daily deduction?
The system will deduct as much as possible each day. The unpaid remaining balance rolls over, and future repayments accumulate.
Q5: Will I pay interest?
This is treated as a cash advance with fixed fee terms, unlike traditional interest. Your total payable amount is set upfront based on your loan and term.
Q6: What happens at the end of my term? Once fully repaid, nothing more is deducted. A new loan could be offered based on your updated sales history.