List of Best Licensed Money Lender Singapore (2024) Updated List & Guides2024-05-26T00:43:46+08:00

Ultimate Guide in Finding the Best Licensed Money Lenders in Singapore (2024)

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Complete List of Licensed Moneylenders in Singapore

(Updated: 12 April 2024)

Recently, it was observed that there are rising numbers of reported scammers and illegal moneylenders pretending as licensed lenders to mislead or trick victims to fall for their loan schemes. Stay away from these illegal lenders and scammers. Please take time to read this important notice.

Please AVOID Taking A Loan From The Following:

  • Illegal lenders also known as ‘ahlong’ or ‘loan shark’ – they provide high interest and have no licence.
  • Loan scammers – they will not lend you money.

Please DO NOT Believe The Following Tactics From Illegal Lenders Or Loan Scammers:

  • Asking you to transfer money before taking a loan.
  • They may ask you to pay for ‘GST fees’, ‘processing fees’, or any fees before you can take your loan or disbursement of the loan.
  • Refusing to meet-up at their office and promise that they will transfer you the money.
  • Sending you SMS or WhatsApp messages saying that they are licensed moneylenders.
  • They may send you loan offers and pretending that they are from a certain financial company such as ‘Easy Credit’ (Some of the borrowers experienced getting loan offers from this company, take note that there is no licensed moneylender existing with this name.) You may verify the legal moneylenders’ name and information below.
  • They create fake websites and social media accounts pretending as legal lenders. Also, please be aware that they may use a similar name for their website address (URL). These websites will ask for your personal information such as NRIC number, address, and contact number which they will use for illegal activities.
  • They advertise in search engines such as Google pretending to be a licensed moneylender.

REMEMBER: A legal money lender will never ask you any money before taking a loan and they will ask you to come to their office to grant your loan. Before visiting a licensed moneylender’s office, you may verify their registered address by using the table below. The information found on the table below comes from the complete list of licensed moneylenders provided by the Registry of Moneylenders – Ministry of Law. Also, they are not allowed to advertise on search engines such as Google and social media.

The EASY WAY To Prove If They Are Legal/Licensed Lender Is To Visit Their Approved Office Address Listed On The Table Below.

If you noticed or experienced illegal activities from unlicensed lenders or scammers, please report it to the Police hotline at 1800-255-000 or you may submit it online at You may also report it at X-Ah Long hotline at 1800-924-5664.

Read This: To learn more about The Difference Between Licensed Moneylenders vs. Loan Sharks

To make it hassle-free to find all approved legal lenders in Singapore, we are featuring the complete list. We have consolidated this in an easy and searchable manner for borrowers. The following is the list of validated licensed money lenders in Singapore as of 12 April 2024. This is based on the verified list in PDF published on the Ministry of Law – Registry of Moneylenders website.

Please feel free to contact us, if you spot any typo errors or mistakes in the list below.

Licensed Moneylenders Approved by MinLaw
S/No.Money Lender NameBusiness AddressLicence No.TelephoneOfficial Website
11 1 8 Credit Pte. Ltd.175A, Bencoolen Street, #11-08, Burlington Square, Singapore 189650
21 2 Lend Pte. Ltd.1, Park Road, #1-50, People'S Park Complex, Singapore 05910870/
3101 Credit Pte. Ltd.101, Upper Cross Street, #01-24, People'S Park Centre,Singapore 05835732/
41133 Moneylenders Pte. Ltd.262, Balestier Road, #01-02, Okio,Singapore 329714113/202365561133N.A.
51AP Capital Pte. Ltd.10, Anson Road, #01-38A, International Plaza, Singapore 07990349/
61St Capital Pte. Ltd.304, Orchard Road, #04-1A/2, Lucky Plaza,Singapore 2388633/
71St Credit Sg Pte. Ltd.149, Rochor Road, #01-07, Fu Lu Shou Complex, Singapore 18842599/
81St Lg Credit Pte. Ltd.16, Kerbau Road, #02-01,Singapore 21915574/202362996654N.A.
9365 Credit Solutions Pte. Ltd.14, Scotts Road, #03-63, Far East Plaza, Singapore 22821317/;
1096BM Credit Pte. Ltd.302, Ubi Avenue 1, #01-31,Singapore 40030242/
11A1 Credit Sg Pte. Ltd.2, Havelock Road, #02-08,Havelock 2,Singapore 05976313/;
12ABI Credit Pte. Ltd.185, Toa Payoh Central, #01-320,Singapore 31018527/202463379719N.A.
13ABM Creditz Singapore Pte. Ltd.1, Park Road, #01-12, People'S Park Complex,Singapore 05910843/
14Accredit Pte. Limitedi) 503, Tampines Central 1, #01-315, Singapore 520503
ii) 1187, Upper Serangoon Road, #01-15, The Midtown,Singapore 533971
iii) 442, Clementi Avenue 3,
Singapore 120442
iv) 743, Yishun Avenue 5, #01-548, Nee Soon Central Spring,Singapore 760743

15Advance Cash Credit Pte. Ltd.304, Orchard Road, #04-12/13, Lucky Plaza,Singapore 23886378/;;
16Aero Credit Pte. Ltd.810, Geylang Road, #02-59, City Plaza,Singapore 40928685/
17AK Credit Corporation Pte. Ltd.2, Havelock Road, #01-16,Havelock 2,Singapore 059763140/
18AKB Credit Pte. Ltd.177, Toa Payoh Central,
Singapore 310177
19Alles Autos Credit Pte. Ltd.133, New Bridge Road, #01-34,Chinatown Point, Singapore 059413118/
20Alpha 8 Pte. Ltd.449, Clementi Avenue 3, #01-265,Singapore 12044944/
21Andal Enterprise Pte. Ltd.50, Tagore Lane, #04-11A2, Entrepreneur Centre,Singapore 78749461/202369705602N.A.
22AR Creditz Pte. Ltd.465, North Bridge Road, #01-5071,Singapore 191465101/202364633302N.A.
23Art Credit Pte. Ltd.238A, Serangoon Road, #02, Singapore 21808562/202362922448N.A.
24Avis Credit (Sg) Pte. Ltd.185, Toa Payoh Central, #01-344,Singapore 31018541/
25Ban King Credit (S) Pte. Ltd.705, Ang Mo Kio Avenue 8, #01-2563,Singapore 56070575/
26Best Credit Sg Pte. Ltd.372, Bukit Batok Street 31, #01-374,(Level 2), Singapore 650372127/
27Best Licensed Moneylender Pte. Ltd.13, North Bridge Road, #01-3984, Golden Beach Vista, Singapore 19001345/
28Bliss Credit Pte. Ltd.35, Selegie Road,
#02-12, Parklane Shopping Mall,
Singapore 188307
29BST Credit Pte. Ltd.131, Jurong Gateway Road, #01-251,Singapore 600131135/
30BTB Creditz Pte. Ltd.810, Geylang Road, #02-09, City Plaza,Singapore 40928698/
31Bugis Credit Pte. Ltd.470, North Bridge Road, #02-12, Bugis Cube,Singapore 18873525/
32Capital Funds Investments Pte. Ltd.65, Ubi Crescent, #06-07, Hola Centre,Singapore 408559154/;
33Cash Check Singapore Pte. Ltd.720, Ang Mo Kio Avenue 6,
#01-4106, 1/2 Shop Space (Ground Level,
Staircase Side),
Singapore 560720
34Cash Direct Pte. Ltd.2, Venture Drive, #01-21, Vision Exchange,Singapore 60852687/
35Cash Mart Pte. Ltd.277, Balestier Road,Singapore 329726151/
36Cashmax Credit Pte. Ltd.810, Geylang Road, #01-56, City Plaza,Singapore 40928673/
37Crawfort Pte. Ltd.1, North Bridge Road, #01-35, High Street Centre, Singapore 17909486/
38Credit 21 Pte. Ltd.10, Anson Road, #01-07, International Plaza,Singapore 07990346/
39Credit 89 (Sg) Pte. Ltd.200, Jalan Sultan, #04-21B, Textile Centre,Singapore 199018149/202363980909N.A.
40Credit Assist Pte. Ltd.304, Orchard Road, #01-19, Lucky Plaza,Singapore 23886316/202465678869N.A.
41Credit Culture Pte. Ltd.100, Peck Seah Street,
#11-20, Ps100,
Singapore 079333

3, South Suona Sista Soad,
#1-29, Siva Sista,
Singapore 118136
42Credit Empire Enterprise Pte. Ltd.304, Orchard Road,
#02-14, Lucky Plaza,
Singapore 238863
43Credit Excel Capital Pte. Ltd.192, Waterloo Street, #6F-03-05, Sky Line Building,Singapore 187966109/;
441 - Credit Hub Pte. Ltd.190, Middle Road, #10-01A, Fortune Centre,Singapore 188979128/
45Credit King Pte. Ltd.101, Upper Cross Street, #01-27, (Part)& #B1-49 People'S Park Centre,Singapore 05835740/202362221788N.A.
46Credit Matters Pte. Ltd.10, Jalan Besar,
#03-15, Sim Lim Tower,
Singapore 208787
47Credit Thirty3 Pte. Ltd.190, Lorong 6 Toa Payoh, #01-548.Singapore 3101901/
48Credit Xtra Pte. Ltd.101, Upper Cross Street, #B1-69, People'S Park Centre, Singapore 05835795/
49Creditmaster Pte. Ltd.531, Upper Cross Street, #01-04, Hong Lim Complex,Singapore 05053135/
50Dio Credit Pte. Ltd.702, Ang Mo Kio Avenue 8,
Singapore 560702
51Elite Investment & Credit Pte. Ltd.799, Geylang Road, #01-01,Singapore 38968079/;;
521 - Cash Pte. Ltd.8, Tampines Central 1,
#01-17, Eastlink Mall,
Singapore 529543
53Emvertex Credit (Sg) Pte. Ltd.200, Jalan Sultan, #02-33, Textile Centre,Singapore 199018134/
54Excel Credit (Pte.) Ltd.443, Clementi Avenue 3,
Singapore 120443
55EZ Loan Pte. Ltd.i) 3, Beach Road, #01-4853, Beach Road Gardens, Singapore 190003
ii) 1, Tanjong Pagar Plaza, #02-49,Singapore 082001
56EZ Pte. Ltd.150, South Bridge Road, #01-02, Fook Hai Building,Singapore 05872718/;
57Fast Money Pte. Ltd.i) 101, Yishun Avenue 5, #01-35,
Singapore 760101
ii) 505, Tampines Central 1, #01-341, Singapore 520505
58Fong Chin Capital Pte. Ltd.129, Bedok North Street 2, #01-42,Singapore 460129116/
59Fortune Credit Pte. Ltd.67, Beach Road,
#01-01, Bulkhaul House,
Singapore 189688
60Gain Credit Pte. Ltd.807, Yishun Ring Road, #01-4197,Singapore 760807143/
61Galaxy Credit And Investments Pte. Ltd.709, Ang Mo Kio Avenue 8, #01-2595,Singapore 560709152/
621 Fullerton Credit
Pte. Ltd.
110, Telok Ayer Street,
Singapore 068579
63Gold Allianze Capital Private Limited1, Rochor Canal Road, #01-03, Sim Lim Square,Singapore 18850436/
64Golden Credit (S) Pte. Ltd.101, Upper Cross Street, #01-05F, People'S Park Centre, Singapore 05835739/
65Goldstar Credit Pte. Ltd.i: 1187, Upper Serangoon Road, #01-21, The Midtown,Singapore 533971
ii: 190, Lorong 6 Toa Payoh, #01-576,Singapore 310190
66Gs Credit Pte. Ltd.1, Gateway Drive, #06-08,Westgate, Singapore 608531108/;
67Gt Credit Pte. Ltd.178, Toa Payoh Central, #01-202,Singapore 3101787/202467428154N.A.
68Happy Cash Pte. Ltd.465, North Bridge Road, #01-5083,Singapore 19146514/
69HHL Credit Pte. Ltd.1, Rochor Canal Road, #01-04, Sim Lim Square,Singapore 18850421/
70HMS Credit Pte. Ltd.1, Rochor Canal Road,
#01-08, Sim Lim Square,
Singapore 188504
71Horison Credit Pte. Ltd.1, Park Road, #01-15, People'S Park Complex,Singapore 0591088/
72HS Credit Pte. Ltd.303, Woodlands Street 31,
#01-205, Fuchun Neighbourhood
Singapore 730303
73HUP Hoe Credit Pte. Ltd.1, Rochor Canal Road, #01-01, Sim Lim Square, Singapore 188504104/
74I-Credit Pte. Ltd.82, Lorong 23 Geylang, #05-02, Atrix,Singapore 388409103/
75IFS Consumer Services Private Limited10, Eunos Road 8, #09-04, Singapore Post Centre,Singapore 40860084/
761 1 1 Credit Pte. Ltd.304, Orchard Road,
#01-36A, Lucky Plaza,
Singapore 238863
77IP Credit Pte. Ltd.185, Toa Payoh Central, #01-332,Singapore 31018581/
78JD Credit Pte. Ltd.531, Upper Cross Street, #01-38,Hong Lim Complex, Singapore 05053138/
79Jefflee Credit Pte. Ltd.131, Jurong Gateway Road, #01-261,Singapore 600131111/;;
80JNB Credit Pte. Ltd.171, Tras Street,
#08-175, Union Building,
Singapore 079025
81Jothi Moneylender Pte. Ltd.21, Madras Street,
Singapore 208416
82JR Credit (S) Pte. Ltd.704, Ang Mo Kio Avenue 8,
Singapore 560704
83Kaiiron Pte. Ltd.111, North Bridge Road, #05-27, Peninsula Plaza, Singapore 17909847/
84Karthik Money Lending
Pte. Ltd.
238A, Serangoon Road,Singapore 21808564/202362918194N.A.
85Katong Credit Pte. Ltd.304, Orchard Road, #02-30/31, Lucky Plaza,Singapore 2388639/
86KBB Credit Sd Private Limited111, North Bridge Road, #01-35, Peninsula Plaza, Singapore 179098125/
87Khalon & Gill Moneylenders Pte. Ltd.1, North Bridge Road, #B1-03, High Street Centre,Singapore 179094131/202363921251N.A.
88Comfort Credit Pte. Ltd.61, Ubi Avenue 2,
#02-01, Automobile Megamart,
Singapore 408898
89Kr Rm Ramasamy Pte. Ltd.238A, Serangoon Road, Singapore 218085141/202362925506N.A.
90Kst Credit Pte. Ltd.304, Orchard Road, #01-03 Lucky Plaza,Singapore 23886390/
91Lending Bee Pte. Ltd.i) 14, Scotts Road, #02-44/45, Far East Plaza,Singapore 228213
ii) 205, Bedok North Street 1, #1-379, Singapore 460205
iii) 925, Yishun Central 1, #01-233,Singapore 760925
iv) 135, Jurong Gateway Road, #01-335, Singapore 600135

92Lian Fong Capital Pte. Ltd.96, Jalan Jurong Kechil, Singapore 598599124/
93Magnus Credit Pte. Ltd.301, Ubi Avenue 1, #01-279,Singapore 40030111/;
94Majestic Credit Pte. Ltd.101, Upper Cross Street, #01-26B/G, People'S Park Centre,Singapore 0583574/
95Max Credit Pte. Ltd.449, Clementi Avenue 3,
Singapore 120449
96Mm Credit Pte. Ltd.217, Bedok North Street 1,#01-61, Singapore 4602175/;
97Monetium Credit (S) Pte. Ltd.10, Jalan Besar, #01-01, Sim Lim Tower,Singapore 208787147/
98Moneyplus Capital Pte. Ltd.371, Beach Road, #01-03, City Gate, Singapore 19959723/
99Motor-Way Credit Pte. Ltd.1094, Lower Delta Road, Motorway Building,Singapore 169205120/
100Mwa Capital Pte. Ltd.3, Phillip Street, #13-01,Royal Group Building, Singapore 048693121/
101Minterest Money Pte. Ltd.9, Temasek Boulevard,
#06-02A, Suntec Tower Two,
Singapore 038989
102New Era Credit (S) Pte. Ltd.50, East Coast Road, #02-58, Roxy Square,Singapore 42876991/202363458801N.A.
103Oasis Credit Services Pte. Ltd.442, Clementi Avenue 3, #01-87,Singapore 12044257/
104On Line Credit Pte. Ltd.Blk 210, New Upper Changi Road, #01-731, (Half Portion Only),Singapore 46021012/
105Orange Credit Pte. Ltd.810, Geylang Road,#01-91, City Plaza,Singapore 40928676/
106OT Credit Pte. Ltd.135, Jurong Gateway Road, #01-323, Singapore 600135102/
107Periakaruppan Chettiar Pte. Ltd.77, High Street, #09-15, High Street Plaza, Singapore 17943365/202366816494N.A.
108Phillip Credit Pte. Ltd.250, North Bridge Road, #06-00,Raffles City Tower, Singapore 179101106/
109Pit-Stop Credit (Sg) Pte. Ltd.200, Jalan Sultan, #01-18E, Textile Centre,Singapore 19901866/
110Platinum Credit Pte. Ltd.1, Coleman Street, #01-11, The Adelphi,Singapore 179803123/
111Power Credit Enterprise Pte. Ltd.1, Tras Link, #01-11, Orchid Hotel, Singapore 078867138/;;
112PR VR Capital Pte. Ltd.77, High Street, #09-15, High Street Plaza,Singapore 17943358/202363380807N.A.
113Moneymax Funding Pte. Ltd.304, Orchard Road,
#02-78, Lucky Plaza,
Singapore 238863
114Prosper Credit Pte. Ltd.186, Toa Payoh Central, #01-420,Singapore 31018694/
115Quick Credit Pte. Ltd.2, Jurong East Street 21, #04-01A/B, Imm Building,Singapore 60960131/
116Quickloan Pte. Ltd.10, Anson Road, #01-15, International Plaza,Singapore 07990356/
117R2D Credit Pte. Ltd.744, Yishun Street 72,
#01-185, Nee Soon Central Spring,
Singapore 760744
118Raffles Credit Pte. Ltd.17A, Circular Road, Singapore 04937355/;;
119Shenton Credit Pte Ltd138, Robinson Road,
#18-04, Oxley Tower,
Singapore 068906
120RM Credit Pte. Ltd.2, Havelock Road, #01-17,Havelock 2, Singapore 059763146/
121RM R Credit Pte. Ltd.29A, Upper Dickson Road, Singapore 20748837/202363960676N.A.
122S G Credit Pte. Ltd.33D, Benoi Road, #03-00, Pioneer Lot,Singapore 62778892/202362615044N.A.
123S P Credit Pte. Ltd.43A, Campbell Lane, #02-00, Singapore 20991553/
124Sands Credit Pte. Ltd.513, Bishan Street 13, #01-514,Singapore 570513122/
125SGP Credit Singapore Pte. Ltd.133, Jurong Gateway Road, #01-295,Singapore 60013310/
126Shanmugan Moneylender Pte. Ltd.10, Jalan Besar, #13-05A, Sim Lim Tower, Singapore 20878752/202362978574N.A.
127Sighappi Achi Moneylender (Sg) Pte. Ltd.18, Howard Road, #11M-02, Novelty Bizcentre,Singapore 36958567/202369742118N.A.
128Sincere Moneylender
Pte. Ltd.
13, Jalan Besar, (Level 1 Only),Singapore 20878997/202362915665N.A.
129Singa Credit Pte. Ltd.470, North Bridge Road, #02-01, Bugis Cube,Singapore 188735126/
130SKM Credit Pte. Ltd.185, Toa Payoh Central, #01-334,Singapore 31018515/
131SME Care Pte. Ltd.5, Jalan Kilang Barat, #07-02, Petro Centre,Singapore 159349107/
132Soon Seng Credit Pte. Ltd.1, Park Road, #1-21, People’S Park Complex,Singapore 05910851/
133Su Credit Pte. Ltd.175, Bencoolen Street, #01-36, Burlington Square,Singapore 189649112/
134Sumo Credit Pte. Ltd.709, Ang Mo Kio Avenue 8, #01-2583,Singapore 5607096/
135Swift Credit Pte. Ltd.192, Waterloo Street,
#02-06, Skyline,
Singapore 187966
136Synergy Credit Pte. Ltd.447, Clementi Avenue 3, #01-201,Singapore 120447148/
137@tlas Credit Pte. Ltd.201D, Tampines Street 21, #03-1155,Singapore 52420120/202467866098N.A.
138The Moneylenders Pte. Ltd.39A, Jalan Pemimpin,
#02-15, Halcyon Building,
Singapore 577183
139TKM Creditz Pte. Ltd.43A, Campbell Lane, #02-00,Singapore 20991524/
140Tradition Credit Co Pte. Ltd.205, Bedok North Street 1, #01-371,Singapore 460205133/
141Trillion Credit Solutions Pte. Ltd.i) 101, Upper Cross Street, #01-26/A, People'S Park Centre,Singapore 058357
ii) 304, Orchard Road, #02-12, Lucky Plaza,Singapore 238863
142Tur Mohar Money Lending Pte. Ltd.228, Changi Road,
#01-07, Icon@Changi,
Singapore 419741
143U Credit (Pte.) Ltd.180, Bencoolen Street, #01-19, The Bencoolen,Singapore 189646150/
144UK Credit (S) Pte. Ltd.210, New Upper Changi Road, #01-723,Singapore 46021050/
145Unilink Credit Pte. Ltd.35, Selegie Road,#10-27, Parklane Shopping Mall,Singapore 188307142/;
146Uniqcash Pte. Ltd.7A, Trengganu Street,Singapore 05846133/
147United Credit Pte. Ltd.275, Thomson Road, #01-21, Novena Regency, Singapore 30764577/
148Unlimited Finance Pte. Ltd.703, Ang Mo Kio Avenue 8,
Singapore 560703
149Vera Capital Pte. Ltd.175, Bencoolen Street,
#01-52, Burlington Square,
Singapore 189649
150VM Credit Pte. Ltd.261, Waterloo Street, #01-31, Waterloo Centre,Singapore 180261105/
151VM Money Pte Ltd261, Waterloo Street, #01-39, Waterloo Centre,Singapore 180261115/202369931188N.A.
152Wah Leong Company (Private) Limited339, Jalan Besar,Singapore 2089842/
153Winz Credit Pte. Ltd.I)
441A, Clementi Avenue 3,
#01-04, Clementi Towers,
Singapore 121441

101, Upper Cross Street,
#01-26B, People's Park Centre,
Singapore 058357

All You Need to Know About Licensed Money Lenders in Singapore

If you need to find a reliable licensed money lender in Singapore, then you should first have a clear idea of how to spot for legal lenders. You must be knowledgeable about their offers. You also have to understand their terms and conditions. Be familiar with the updated rules and regulations for trusted lenders. After all, dealing with illegal lenders can only cause many problems in the future. You might end up having a tougher financial situation.

So, read this comprehensive guide when choosing among the licensed Singapore money lenders. Make the best decision that you will never regret.

What is a Licensed Money Lender?

A licensed money lender in Singapore is an entity that is duly recognised and regulated by the Ministry of Law – Registry of Moneylenders. They provide loan offers to those who are financially in need. Ministry of Law organised a list that provides a monthly update of approved licensed money lenders in Singapore. These lenders possess valid and updated operational licenses.proved licensed money lenders in Singapore. These lenders possess valid and updated operational licenses.

How to Verify a Licensed Money Lender?

To validate a reliable moneylender in Singapore, you can check its business name, license number, office address, and telephone number over its website and confirm that this moneylender’s website address is among the lenders indicated under the Registry of Moneylenders website here.

To save you more time, MoneyIQ features an updated list of licensed money lenders every month and outlines the credible moneylenders available in Singapore. With its search function, we provide a quick result of an ideal lender that you’re looking for.

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How Does a Private Money Lender Work?

A private money lender operates according to the laws and regulations stipulated by the Ministry of Law – Registry of Moneylenders. Offering various loans to address the urgent need for cash or extra funds. They are transparent with their interest rates, fees, and eligibility requirements.

When you have selected a money lender, you are required to go through the application process. The standard loan procedure is very easy and simple. You can simply fill up the loan enquiry online via their platform or make a trip down to their office. As such, you can expect to get your personal loan or payday loan approved immediately in just a couple of minutes. All you need is to provide your relevant and valid personal information such as contact details, employment status, payslip, and other basic necessary supporting documents that most money lenders would need to proceed with your loan application.

Whereas for the loan packages available, you have a selection of a variety of credit offered by the legally authorised moneylender. The majority of the private reliable lenders in Singapore offer their potential borrowers a range of fast loan options. This includes personal loans, payday loans, foreigner loans, and a handful of other choices that cater to the borrowers’ needs. It is only a matter of deciding on the loan package that suits your concerns before signing and proceeding with the loan application.

What is a Licensed Money Lender?

Various Types of Loans Offered by Trusted Lenders in Singapore

The financial products can be divided into two major types of loans: secured and unsecured loans.

Popular Loan Offers by Licensed Moneylenders in Singapore

What the Ministry of Law – Registry of Moneylenders Want You to Know

The Registry of Moneylenders has updated its regulations and announced that loans are subjected to the following restrictions:

  • Licensed lenders are not allowed to disclose any information about their borrower without written consent. This includes your SingPass user ID and/or password;
  • With the effect from 1 October 2015, moneylenders can only charge a maximum interest rate of 4% per month.
  • An administrative fee of not more than 10% of the principle upon approval of the loan granted.
  • The maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.
  • Late repayment fee charges not exceeding $60 for each month.
  • Total borrowing amounts (which include late fees, interest rate, late interest rate and etc.) are not to exceed more than 100% of the loan amount.

If you have experienced unfair practices, you have the right to complain to the Ministry of Law as you are protected by the Moneylenders Act. Know your rights and protect yourself. The complete Guide to Borrowing from Licensed Moneylenders can be found here.

What MinLaw – Registry of Moneylenders Want You to Know

Benefits for Choosing a Licensed Moneylender

In times that you need extra cash when you have emergency expenses, the ideal option is to look for a licensed moneylender. Dealing with a legal lender in Singapore means that you will gain various advantages. It also implies that you will never waste your time, effort, and money.

  • No Harassment. With a legally registered moneylender, you will experience a stress-free process. There is no harassment involved. They operate according to laws and regulations set by the Ministry of Law – Registry of Moneylenders. Failure to follow the standard guidelines will result in license revocation.

  • Reasonable Interest Rates. Reliable lenders follow the regulations set by the Registry of Moneylenders. The main reason why they have attractive interest rates than traditional lending institutions. They can only charge an interest rate of up to 4% per month.

  • Fast Approval. Among the advantages of engaging with a licensed moneylender is that the approval period is relatively shorter. Your loan can be approved within just a few minutes and you may claim it within the day.

  • Safe and Transparent. In order to approve your loan, a legitimate moneylender in Singapore needs to meet its borrower on its registered business address. The borrower must come down to the office and personally meet the money lender. The lender also personally discusses your loan contract. They also practice ethical and responsible handling of your personal data.

  • No SMS or Social Media Advertisement. A licensed moneylender is not allowed to advertise its loan offers on SMS, Facebook or WhatsApp. They simply need to follow the strict rules on advertising their financial products. They need to have a physical address where a borrower can visit personally and asked queries. Remember that a licensed moneylender will not solicit any advertising messages using those platforms.

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FAQs – Frequently Asked Questions About Money Lender

When approaching a licensed moneylender, there are various things that you need to consider. Before taking a loan and signing up a contract take in mind the following:

  • Look for other options. Before deciding to take a loan from a legal money lender, you may seek other available alternatives. You may look for financial assistance from Government agencies. Reach out to them to know more about their financial assistance.
  • Your legal obligations. Remember that when signing up for a loan contract, you need to follow all the rules and regulations stipulated within it.
  • Your Financial Obligations. You need to look at the whole picture when taking up a loan. Assess yourself if you are able to abide by the terms of the contract by taking in mind your income. Always take into consideration your current financial status. Also, late payments can be a financial burden to you and your family.
  • Full Understanding of the contract. Moneylenders are required by the law to fully explain the terms of a loan in the language that you understand. You must also be provided with a copy of the contract. Make sure that you comprehend all the information written in the Note of Contract of your loan, especially the following: schedule of repayment, interest rates, and fees.
  • Agreement to contractual terms that involve your real estate property. You have to read carefully before signing for a contractual term of a moneylender that includes lodging a caveat on the sales proceeds of your real estate property when you failed to pay the loan. Take into consideration that with that agreement you cannot sell your property unless you have fully repaid the lender. Also, if it ends up using your property as a repayment, you don’t have any portion from the sale proceeds.
  • Different Moneylenders and their terms. Never stop looking for just a single moneylender. There are over a hundred of moneylenders existing, so all you need to do is compare. Check their terms and conditions and choose the most favourable one for you. Remember that it must suit your current financial needs.

Getting a loan from a trusted money lender is now much easier and convenient. You can now apply online to get in-principle approval first. They are taking advantage of the online platform to make the application faster. Take in mind that you need to apply using the registered website address of the lender.

Another option is to head down to the moneylender’s office if you want to get a quick loan. The staff can attend to you immediately and process everything on the spot.

To know more on how to verify a licensed moneylender, please go to Question 10.

According to the regulations, potential borrowers need to be physically present upon application, as the staff need to obtain supporting documents such as your details. Moneylenders in Singapore do not offer any kind of loans over the phone. Remember that most of the illegal moneylenders or loan sharks transact over the phone.

For a convenient transaction, loan providers nowadays use an easy online application. They only use their registered website address for this purpose. So, you can apply easily using their website application form.

If you are looking for a reliable money lender in Singapore, the Ministry of Law – Registry of Moneylenders has an updated list of validated licensed money lenders. You can find it on a PDF file which is updated monthly. The violators or those reported for unfair practices or illegal activities were excluded from the list. Therefore, you will observe every month that there will be changes in the number of licensed moneylenders.

For easy access, we at MoneyIQ feature the complete list above. We have added a search box feature where you can easily validate a moneylender. The list is also coming from the Ministry of Law – Registry of Moneylenders website.

To further know how to verify a licensed moneylender, please go to Question 10.

Yes, various trusted money lenders offer loans for foreigners. These are offered to foreigners who are expatriates or with work permits. Ideally, this loan is dedicated to answering their financial needs. Among the common reasons that they need a foreigner loan are the following:

  • Emergencies
  • Rental deposit
  • New car’s down payment
  • You or your children’s application and tuition fees
  • Flight Ticket when going back home

If you are a foreigner in Singapore, you have the option to borrow even your annual income is less than $10,000. But, if you want a much higher loan offer, you need to have at least $20,000, where you can have a loan amount of up to 6 times your monthly income.

If you plan to obtain any loan amount or a bigger one, secured loans are the ideal option. As mentioned above, secured loans need a pledged asset or known as collateral. For an unsecured loan, please check the table below. Observe that your annual income matters on how much you can get.

For Singaporean / PR

Borrower’s Annual Income:

  • Less than S$10,000:
    Loan Amount: S$3,000
  • At least $10,000 and less than S$20,000:
    Loan Amount: S$3,000
  • At least S$20,000:
    Loan Amount: Up to 6 x Monthly Income

For Foreigner

Borrower’s Annual Income:

  • Less than S$10,000:
    Loan Amount: S$1,500
  • At least $10,000 and less than S$20,000:
    Loan Amount: S$3,000
  • At least S$20,000:
    Loan Amount: Up to 6 x Monthly Income

Recently, moneylenders have been taking advantage of technology. They use online platforms where the borrowers can fill out the required information within their registered website address. Among the important information that is needed in the form:

  • Full name
  • Birthdate
  • Personal Identification Number
  • Nationality
  • Residential Address
  • Contact Information: e-mail address and phone number
  • Loan Amount

Surety to the loan must be included if needed. This involves stating the person(s) who will guarantee to pay back your loan if in case you failed for your repayments.

Other documents may include:

  • Identity or proof of verification
  • Appointment letter from the office
  • Proof of residency
  • Payslips
  • Utility bills
  • Income tax statements

For foreigners, you may be asked to provide the following documents:

  • Passport
  • Original copy of employment pass or work permit passport
  • Proof of employment e.g. a company or staff pass, appointment letter and payslip
  • Copy of your tenancy agreement or proof of residency
  • Appointment letter coming from your employer
  • Bank Statements

A maximum of 4% per month. Effective 1st of October 2015, legitimate lenders can charge an interest rate of up to 4% per month. This is the maximum interest rate that they can charge. This applies to any income earners and types of loans (either secured or unsecured). In the case of failure for repayment, the maximum for late interest charge is also 4% per month. This is applicable for each month with late repayment.

The interest rate to be charged must be based on the principal remaining. For example, if the original loan is at $10,000 and you have repaid $6000, the remaining is $4000. So, the interest rate will be based on your $4000 principal remaining.

In addition, for the late repayment example, if your total remaining is $6000 and your monthly installment is $3000, the moneylender can only charge the late interest rate on $3000. The lender cannot charge for the late interest rate on the total remaining which is $6000.

Effective also from 1st October 2015, all licensed moneylenders are only allowed to charge for the following:

  • For each month of late repayment, the fee must not exceed $60
  • When the loan is granted, a fee must not exceed 10% of the principal loan amount
  • For recovery of the loan, the moneylender can only claim the legal costs ordered by the court

Remember, the total charges on any loan must not exceed your total principal loan amount. For example, if you have a total principal amount of $10,000, the lender can only charge the interest (up to 4% per month only), late interest rate (up to 4% per month only), 10% administrative fee and $60 fee for late repayment for the month. The total fees must not exceed $10,000.

To verify if the lender is operating legally, please consider the following:

  • You can check over the list provided by the Ministry of Law – Registry of Moneylenders website. For quick access you may also check the list we have provided above. These moneylenders are included in the monthly list since they abide by the rules and regulations implemented by the government.
  • A licensed moneylender is not permitted to send any unsolicited SMS, cold calls, or emails about their loan offers. They cannot also use these channels in advertising their loan service. Please see Question 11 to know more about the three channels on where they can advertise.
  • They need to meet the borrower personally in order to approve or grant the loan. They must meet at the registered business address of the lender.
  • A licensed money lender is not allowed to ask for any payment to the borrower before granting or in order to secure the loan. An administrative fee of up to 10% of the principal loan must only be charged after granting a loan or this is usually deducted from the loan principal.
  • They can only charge the interest rate and late interest stated in Question 8 and other charges indicated in Question 9.

A moneylender is operating illegally or using unfair practices if they use the following actions:

  • Use of abusive language towards you or the presence of harassment or threat.
  • Asking you to share your SingPass user ID and password.
  • They hold your NRIC card or any other personal ID or documents e.g. your driver’s license, work permit, ATM card, passport, and employment pass.
  • Asking you to sign on a blank document or signing in an incomplete Note of Contract.
  • They may grant you the loan without providing a copy of the Note of Contract.
  • They did not fully explain the terms and conditions in the Contract.
  • Granting a loan without following the right procedure, wherein the law required the lenders to meet their borrowers personally on their business address before granting the loan. Illegal lenders or loan sharks may approve the loan via phone, SMS, or email prior to receiving the loan application form and your supporting documents.
  • They may also withhold a portion of your loan without any valid reason and these charges are not indicated within Question 9.

If you have experienced the following, please do not hesitate to report them at this hotline: 1800-924-5664 (1800-X-AH-LONG). You may also call the Police hotline at 1800-255-0000 or use their online form at to report those scams. If ever you have received any cold calls or unsolicited messages asking you to apply for a loan, you may also call the anti-scam helpline at 1800-722-6688 or visit

You have to take in mind that you need to transact only with a legally licensed moneylender. Dealing with an illegal licensed moneylender or loan sharks may lead you to fall for scams and financial burdens. To know more about the licensed moneylenders and loan sharks, please check the differences here.

Effective 1st of November 2011, licensed moneylenders are only allowed to advertise on three channels:

  • Business or consumer directories (either in print or online platforms)
  • A website belonging to a licensed moneylender
  • Advertisements within or on the exterior of the moneylender’s business office premises

Advertisements outside those channels are not permitted. This is also one of the main differences in how you can determine a licensed moneylender. In addition, if you are receiving a loan offer from SMS, social media, email, phone, flyers, or any other forms, you need to report them at 1800-924-5664 (1800-X-AH-LONG) or via this website form.

No. It is advisable that you must seek clarification from a licensed moneylender. Take into consideration that a legal moneylender is transparent in explaining all the terms and conditions especially when it comes to their interest rates, fees, and repayment terms. Do not only rely on the advertising messages since the content is limited.

In the event that you are standing for surety of the loan, you must take into account the following:
You fully understand your responsibilities

  • You must have a copy of the Note of Contract when the loan is granted to the borrower
  • The licensed moneylender has explained well the terms in the Note of Contract
  • The lender also does not retain your NRIC card or other personal ID documents
  • The moneylender never asks for your personal log-ins e.g. your SingPass or online banking account or your email log-ins.

Take in mind that you need to be fully aware of the responsibilities since it involves legal liabilities.

When the time has come that your loan was approved and was granted to you, make sure to take into account the following:

  • The moneylender has delivered the correct principal loan amount. As stated in Question 9, the approval or administrative fee must not exceed 10% of the principal loan amount.
  • Be a responsible borrower and take note of your loan repayment schedules and avoid late repayments. Remember, that you will not only incur the late payment fee but you will also be charged with a late interest.
  • Make sure that you have a copy of your loan repayment receipts and ensure that your name, date and amount are correctly stated.
  • You must also receive a copy of your statement of all your loan account at least once in every January and July. Always check for the correctness of your information e.g. your name, the date and the amount.
  • Keep safely all the copies of your statement of accounts and payment receipts. These will serve as documentation and your payment evidence. So, secure and keep it properly.

In case you experienced threat and harassment especially when it comes to debt collection, you need to contact 1800-9-24-5664. Those are unfair practices and must be reported to the Registry of Moneylender. You may also use their contact form. Before connecting with them make sure that you got the lender’s business name, license number, and contact information.

You may also pursue your complaints at the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act. It has the power in setting aside the loan transactions which are exorbitant or substantially unfair.

Unlicensed moneylending or UML is the event where an unlicensed individual or illegal moneylender or also known as ‘Ah Long’ or loan shark lends money to another individual under illegal conditions e.g. with higher interest rates. These loan sharks tend to use harassment when chasing for repayments of debts. Also, in order to get what they want, they use violence.

To report these unlicensed moneylenders you can use the following:

  • Contact the National Crime Prevention Council’s X-Ah Long hotline at 1800-924-5664 or using their website
  • Call the Police at ‘999’ or their hotline at 1800-255-0000 or use their online form at

If you are having a hard time applying for a loan since you have a bad credit score, do not worry you can still have a chance. Here are the things that you can do in order that you can apply for a loan even if you have a bad credit score.

  • Approach the licensed moneylenders. They tend to have much easier requirements than traditional lenders like banks. But, always take note that moneylenders always reward borrowers that have a good credit rating. They can enjoy higher offers and much lower interest rates.
  • Take a smaller loan for now. Since you have a bad credit score, securing for a large amount would not be possible. You can start by applying for a smaller amount and be a responsible borrower. You must pay on time, by doing this you can improve your credit score. Take note that you need to reestablish your credit profile by making a good payment history.
  • Opt for a secured loan. If you are planning for a much higher loan amount, you need to go for a secured loan. Where you can opt for an auto loan, home equity, and other loans that require collaterals. Take in mind that you still need to reestablish your credit profile, so be a responsible borrower. Always pay on time. Failure for repayments will make the lender seize your collaterals.

Answering this question depends on how much and when you will need that loan. If you want a bigger loan amount, taking a loan from the bank is an ideal option. If you need immediate cash e.g. for your emergency needs, bills, and any other small personal cash needs, securing a loan from a licensed moneylender is the best choice. But, take note that both have the following advantages and disadvantages.

Borrowing from licensed moneylenders

The Pros:

  • The ideal option for a fast cash loan. They can approve your loan within minutes and claim it within the day.
  • Have lesser requirements and fewer restrictions. You just need to fill in their form wherein they usually used an online application form. In addition, you need to submit supporting documents.
  • Easy processing. No more queue and paperwork involved when submitting the form. You just need to come to the physical address of the licensed money lender for approval or granting of the loan.
  • They adhere to the rules and regulations set by the Registry of Moneylenders. It strictly follows the interest rate cap which must not exceed 4% per month.
  • They extend loan offers to Singaporean and Permanent Residents even with an annual income lesser than $10,000. They have loan offers also even to Foreigners with an annual income lesser than $10,000.
  • Acquiring a loan is possible even if you have a bad credit history

The Cons:

  • Have a much lower loan amount than banks. Licensed money lenders provide smaller loan amounts. Loan offers can start from $1,500 up to six times your monthly income which ideally depends on your income.

Borrowing from banks

The Pros:

  • Banks have a much higher loan offer. They can provide a personal loan amount of at least $10,000. Ideal for huge financial needs.

The Cons:

  • Involves complex processing and requirements. Approval can take within days or more.
  • Credit score, income, and citizenship matters. Bank takes into consideration this information especially on the loan amount they can provide. Those are also needed for your loan application approval or rejection. It can grant a loan to Singaporeans or Permanent Resident (PR) with an annual income of at least $20,000 and at least $45,000 for foreign nationals.

With licensed money lenders, loans can be approved within minutes. You can get your loan within the day or a few days. Make sure to deal with a licensed moneylender. You must be able to meet the moneylender on their registered business address in order for your loan to be approved or granted.

As a review, you can verify if you are engaging with a licensed moneylender using Question 10.

To deal with a favourable licensed moneylender, you need to shop around and compare each lender.

  • You can start your research by checking the list of licensed moneylenders from the Ministry of Law – Registry of Moneylenders website or for an easier search, you can use our list provided above. It is the same list coming from the Registry of Moneylenders.
  • Search for existing reviews online or from business or consumer directories.
  • Go over their website and check each loan offers. Consider their interest rates and repayment terms. You can also ask for their APR or annual percentage rate as a standard way of comparing the loans.
  • You can also talk personally with a licensed moneylender on their registered business address to fully comprehend their loan offers.

Yes. The licensed moneylenders cater to those individuals with no credit history. They can help you in building your credit score. It may be a lower loan offer for now than with a good credit score. Remember, you need to be a responsible borrower, repay on time in order that you boost your credit scores.

Again, always remember that in approving or granting a loan, a licensed money lender must meet its borrower on its physical business address.

The Registry of Moneylenders cannot negotiate with the licensed moneylender. They cannot assist you in terms of your loans since this involves a private contract between you and the moneylender.

Instead, you may connect with social service agencies which may help you with serious debt problems. They can help in general credit management information, credit counseling or even with the negotiation of your debt repayment plan with the licensed moneylenders. These are the following social service agencies that can help you:

      • Association of Muslim Professionals (AMP)
        Address: 1 Pasir Ris Drive 4 #05-11 Singapore 519457
        Tel no.: 6416 3960
        E-mail: [email protected]
      • Adullam Life Counselling
        Address: 151 Chin Swee Road Manhattan House #08-04 Singapore 169876
        Tel no.: 6659 7844 / 9423 8832
        Email: [email protected]
      • Arise2Care Community Services
        Address: No. 5 Harper Road #02-01A Singapore 369673
        Tel no.: 6909 0628
        Email: [email protected]
      • Blessed Grace Social Services
        Address: 18 Arumugam Road, #05-01 Antioch@Macpherson Singapore 409962
        Tel no.: 8428 6377
        Email: [email protected]
      • Credit Counselling Singapore*
        Address: 51 Cuppage Road #07-06, Singapore 229469
        Tel no.: 6225 5227 / 6338 2663
        Email: [email protected]
      • One Hope Centre
        Address: 8 New Industrial Road #04-04B LHK 3 Building Singapore 536200
        Tel no.: 6547 1011
        Email: [email protected]
      • Silver Lining Community Services
        Address: (East) 11 Playfair Road Singapore, (West) Jurong Spring CC, 8 Jurong West St 52 Singapore 649296
        Tel no.: 6749 0400
        E-mail: [email protected]

      *Credit Counselling Singapore only handles cases that also involve debts with banks.

Major Organisations to Guide You with Financial Matters

Credit Counseling Singapore (CCS)

A government organisation helping borrowers with their credit or debt management. They can help in designing a debt repayment schedule, allowing a borrower to pay back the loan comfortably.

Registry of Moneylenders (MinLaw)

The organisation is responsible for the registration and regulation of moneylenders in Singapore. They are also responsible for providing an updated list of licensed moneylenders monthly. You may contact them if you need more information before signing for any loan agreements. They can guide you in understanding the terms and conditions of the licensed moneylenders.

Credit Collection Association of Singapore (CCAS)

Registered under the Societies Act on the 12th of December 2013. This is the only association representing all the credit agencies and associations in Singapore. Its principal objective is for the enhancement of the organisation of the credit collection business in Singapore. In addition, it aims to represent, promote, advance, and protect the major credit collection concerns e.g. professional credit collection conduct, training, behaviour, etc. of professional credit collection agencies.

National Council on Problem Gambling (NCPG)

If you have an addiction to gambling which is the main reason why you engage even with loan sharks, the National Council on Problem Gambling can assist you. NCPG provides useful advice to help gamblers and their families.

Credit Association of Singapore (Moneylender’s Association of Singapore)

This organisation is working to protect the interest of both borrowers and moneylenders. If you are asking for any information about a moneylender, CAS can provide it.

ComCare (MSF)

Empowering low-income groups and allowing them to become self-reliant. If you are having financial troubles and searching for temporary support, you may seek help at ComCare.

Moneylenders Credit Bureau (MLCB)

Gives access to the licensed moneylenders to see critical information about the debtor’s unsecured loans with other licensed moneylenders. Also, in order to help licensed moneylenders in coming up with informed decisions, MLCB provides up-to-date information about the borrower’s creditworthiness and indebtedness. MLCB only grants those critical details to licensed moneylenders. By providing that information to legal lenders, MLCB is also protecting the consumers from increasing debt levels.

Notes to Borrowers in Singapore

When obtaining loans from licensed moneylenders, there are lots of key points that you need to consider. And these are the notes to all borrowers. First, it is essential to determine the interest rates offered by the licensed moneylender before making a final decision of taking out a personal/payday loan. Thus, it helps if you begin by comparing rates and guidelines. Take into consideration that it must meet your financial situation.

Prior to signing the agreement licensed lender, check if there are hidden fees, clauses, or other details you need to know. Choose money lenders that offer affordable interest rates and reasonable repayment schedules. If there is anything unclear in the Note of Contract, simply clarify the details. Make sure that you fully understand the contract. A licensed moneylender will explain it in the language that you will understand.

Most importantly, be sure that you have the ability to make the loan repayment within the agreed date and understand completely the details presented in the contract. The draft given to you by the moneylender should be written in a language that you can understand. If you need assistance, you may also want to consult a lawyer who can help explain the details to you. Blindly signing any contract may put you in deep trouble eventually. So, if there are doubtful items stipulated in the contract, you can always walk away and look for a better lender. After all, it is ultimately your choice whether to take out a loan from a particular lender or find another one that meets your concerns. Read More

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