Supreme Money Lending Corp



A Domestic Helper Loan is a special type of loan used to fund the cost of hiring a domestic helper. 


These loans are only available through banks and can only be used for domestic helpers who are Singapore Citizens or Permanent Residents.


The loan amount can cover the cost of hiring a domestic helper, but it should not exceed $10,000. If you need more than this amount, you will have to look into other types of financing.


The bank will consider the borrower’s financial situation before approving their application. 


They will also want evidence that you can afford to pay off this type of debt within a reasonable timeframe.


How Does it Work?


The borrower must complete an application form and submit it with supporting documents to the lender. 


The lender will then review the application and, if approved, issue a loan against the applicant’s future salary. 


The borrower then repays the loan over time, usually through direct deductions from their monthly salary.

How is it used

  • Domestic worker salary. Your helper’s salary will go directly to the bank account set by the agency. You can choose to pay in cash or through direct deposit.
  • Travel expenses for your helper. You can use the loan to pay travel expenses such as airfare and hotel accommodations for your helper’s trip to Singapore.

The agency will also provide an allowance of SGD500/month for food expenses during the stay in Singapore. 

Travel expenses will be deducted from the domestic worker’s first salary only if there is enough money left after paying other fees such as medical check-ups, insurance premiums, and other service fees charged by the agency.

 If no money is left, she will receive her full salary on top of all these charges when she arrives in Singapore.

  • Medical expenses for your helper. You can use this loan to pay for medical treatment costs incurred by your domestic worker during her stay in Singapore. 

This can be done with a doctor’s prescription or without one if it is not an urgent matter (e.g., very minor ailments). The agency will then submit an invoice with receipts attached

Why would you need a Domestic Helper Loan?

If you’re considering hiring a domestic helper, you will likely already know the cost. Many people don’t realize how much it costs to live in Singapore with a domestic helper. 

Not only do they need to be paid, but their accommodation and food expenses also impact your wallet. 

If you want your family to live comfortably without taking out a personal loan, paying off loans, or even maxing out credit cards, then getting a Domestic Helper Loan would be an ideal solution.


We hope this article has helped you understand the benefits of getting a domestic helper loan. In today’s modern world, families are looking for more ways to save money and simplify their lives. 

The right financial solution can make all the difference in the world when it comes to hiring a domestic helper or caring for your family.


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