Here are 3 challenges foreign employees in Singapore might face

a young, shocked foreigner facing financial challenges in singapore

Foreign employees have always been regarded as an essential facet of Singapore’s economy, as they are needed to plug skill gaps and take on labor-intensive roles. Over the years, these foreign employees have made huge contributions to the Singaporean economy, by taking on jobs in many different sectors, such as the construction industry and marine industry.

However, their contributions are typically being underappreciated. As foreign employees working in Singapore, away from their homelands, they also face various social and financial challenges that are unique to them. In this article, we will be talking about the unique challenges faced by them.

Excessive debt due to agent fees

One financial challenge faced by foreign employees, especially unskilled foreign workers, is excessive debt caused by agent fees. To get a job in Singapore, unskilled foreign workers are often required to pay fees to employment agents back in their home country.

In order to be able to pay agent fees, some foreign employees will take out loans from banks, family members and friends. However, those banks may charge high-interest rates, placing more financial burden on foreign employees. The fees may vary in amount, but for unskilled foreign workers, it is a huge debt that they must take on in order to be able to work in Singapore.

If you are a foreign worker who is stressed about the debt that you have incurred due to hefty agent fees, do not worry, as Soon Seng is here to help you with it. Soon Seng is a moneylender in Singapore that offers personal loans to foreigners. With Soon Seng, you can get fast and instant loan approval for your loan, which will benefit you if you need credit urgently.

Lack of social support

Another challenge that foreign employees may face is the lack of social support when they are working in Singapore. This is exacerbated by the fact that they may not have a social network in Singapore. Due to the fact that foreign employees come to Singapore just to work, their friends and family may not have traveled to Singapore with them, which may cause foreign workers to suffer from an absence of social networks.

They may also experience difficulties in making friends here in Singapore, as many foreign employees come from a range of countries. This may result in cultural differences as there will be a diverse range of cultures among foreign employees in Singapore. The lack of social support may be detrimental to the physical and mental wellbeing of foreign workers. Having a lack of social support may also cause them to experience loneliness. They may also experience an increased risk of depression and alcohol use.

Lack of healthcare subsidies

In Singapore, foreign employees are not considered Singapore citizens or Permanent Residents. This means that they cannot receive subsidies that will help to offset their medical bills, which are known to be notoriously high in Singapore.

When Singaporeans receive those subsidies, they will have to pay lesser to receive quality healthcare. Those subsidies cover many aspects of healthcare, such as basic medical consultations at polyclinics, hospital stays and day surgeries. However, foreign employees are not entitled to these subsidies, which means healthcare will cost more for them.

If you are a foreign worker who is working in Singapore, healthcare may be expensive for you. However, there are options available that will help alleviate the financial burden caused by the medical bills.

One such option is a personal loan, which is provided by a private money lender in Singapore, such as Soon Seng. Soon Seng is a moneylender that offers low interest personal loans for foreigners who need credit urgently.

Seeking help when facing challenges

When faced with challenges in a country that is alien to them, foreign employees will face an immense amount of stress and loneliness. However, they are not alone in their journey to overcome those challenges. In Singapore, there is a range of Non – Governmental Organisations that will readily assist them tackling those issues.

In terms of financial challenges, there are also organisations that can assist foreign employees in solving them. One such organisation is Soon Seng, which is a moneylender in Singapore. Soon Seng offers low interest personal loans to foreigners. These loans have high approval rates and are approved swiftly as we understand your need for quick credit.

Contact us via email at or via phone at 6292 5693 to discuss how we can provide you with solutions to help you solve your financial challenges!

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