List of Licensed Money Lender in Singapore (27th July 2020 Updated)

The complete list of 156 licensed money lender/ credit companies operating in Singapore that’s verified by the Ministry of Law (Updated on 27th July 2020).

Before you move on to enquire regarding unsecured loans from the list of licensed moneylenders below, do try out these counseling and social support sites about moneylending issues.

i-Credit is listed number 75 and our License No:106/2020 on the list. Here’s our customers reviews of us.

We are located in 82 Lorong 23 Geylang, #05-02 Atrix Singapore, Singapore 388409, about 2 minutes walk from Aljunied MRT. Phone no: +65 6222 5222.

Open from Monday to Friday: 11 am till 8 pm. Saturday to Sunday: 11 am till 4 pm. Closed on Public Holidays.

We do provide an urgent loan for your financial needs, like a loan for home renovation, for a loved one in need, or even to pay someone back, etc.

We treat every customer with respect and do our best to help them.

If you are interested to inquire about personal loans. Do click the button below, fill in your details in the form, and we will get back to you within one (1) business day.

*We are open to student, unemployed / no income, ex-bankrupt, bad credit & NSF who is above 21 years old.
 
Note: We are referring to Singapore currency in all our web pages in iCredit.com.sg.

Simply use the “Search:” function and type in the area or even the registered company name of the licensed money lender. We hope this post has helped you.

For a list of licensed moneylenders that’s open on Sunday, click here.

Please do your due diligence when engaging licensed moneylenders.

List of Licensed Money Lender (Updated on 27th July 2020)

S/No.Business NameBusiness AddressLicense No.landline numberWebsite URL
11 2 Lend Pte. Ltd.1, Park Road, #01-83/84, People’s Park Complex,
Singapore 059108
72/202064930160https://12lend.sg/
2101 Credit Pte. Ltd.101, Upper Cross Street, #01-24, People’s Park Centre,
Singapore 058357
29/202062381018http://www.101personalloan.com.sg/ (website not working)
31133 Moneylenders Pte. Ltd.262, Balestier Road, #01-02, Okio,
Singapore 329714
120/201965561133http://1133moneylenders.sg/ (website notworking)
41AP Capital Pte. Ltd.10, Anson Road, #01-38A, International Plaza, Singapore 07990341/202065335335https://1apcapital.sg/
51st Capital Pte. Ltd.304, Orchard Road, #04-1A/2, Lucky Plaza,
Singapore 238863
4/202067347700https://www.1stcapital.com.sg/
61st Credit SG Pte. Ltd.149, Rochor Road,
#01-07, Fu Lu Shou Complex,
Singapore 188425
112/201962665422http://www.moneylenderhub.com/
71st LG Credit Pte. Ltd.304, Orchard Road, #02-29, Lucky Plaza, Singapore 23886375/202062996654https://www.moneylenderpro.com/
8365 Credit Solutions Pte Ltd14, Scotts Road, #03-64, Far East Plaza,
Singapore 228213
12/202062225500http://www.365credit.com.sg/
996BM Credit Pte. Ltd.302, Ubi Avenue 1,
#01-31, Singapore 400302
53/202062935851
10A1 Credit SG PTE. LTD.2, Havelock Road, #02-08, Havelock2, Singapore 05976323/202063360833https://www.a1credit.sg/
11ABI Credit Pte Ltd185, Toa Payoh Central, #01-320, Singapore 31018516/202063379719http://www.abicredit.sg/ (website not working)
12ABK Leasing Pte. Ltd.13, North Bridge Road, #01-3984, Golden Beach Vista,
Singapore 190013
70/202062242224
13ABM Creditz Singapore Pte. Ltd.1, Park Road, #01-12, People’s Park Complex,
Singapore 059108
71/202067373392http://www.abmcreditz.com.sg/
14Accredit Pte. LimitedI: 503, Tampines Central 1, #01-315,
Singapore 520503

II: 1187, Upper Serangoon Road, #01-15, The Midtown, Singapore 533971

III: 18, Jalan Membina, #01-04, Tiong Bahru Court, Singapore 164018

IV: 743, Yishun Avenue 5, #01-548, Nee Soon Central Spring,
Singapore 760743
50/202062192662https://www.accreditloan.com/
15Advance Cash Credit Pte. Ltd.304, Orchard Road, #04-12/13, Lucky Plaza,
Singapore 238863
80/202062500848http://advancecashcreditonline.com.sg/
16Aero Credit Pte. Ltd.810, Geylang Road, #02-15, City Plaza, Singapore 40928686/202068414355https://aerocredit.com.sg/
17AK Credit Corporation Pte. Ltd.2, Havelock Road, #01-16, Havelock2, Singapore 059763155/201965359989https://akcredit.com.sg/
18AKB Credit Pte. Ltd.69 Jalan Besar,
Singapore 208815
69/202062386116https://www.akbmoneylenders.com.sg/
19Alles Autos Credit Pte. Ltd.133, New Bridge Road, #01-34, Chinatown Point, Singapore 059413121/201965330300http://allesautoscredit.com/
20Alpha 8 Pte. Ltd.449, Clementi Avenue 3, #01-265,
S(120449)
52/202067333081https://www.alpha8credit.sg/
21Andal Enterprise Pte. Ltd.50, Tagore Lane, #04-11A2, Entrepreneur Centre, S(787494)55/202069705602
22AR Creditz Pte. Ltd.2, Havelock Road,
#01-21, Havelock2, S(059763)
113/201964633302
23Art Credit Pte. Ltd.238A, Serangoon Road, #02, S(218085)54/202062922448
24Avis Credit (SG) Pte. Ltd.185, Toa Payoh Central, #01-344, S(310185)42/202068832017https://avismoneylender.com.sg/
25Ban King Credit (S) Pte. Ltd.705, Ang Mo Kio Avenue 8, #01-2563,
S(560705)
76/202067437701https://www.sgmoneylender.sg/
26Best Credit SG Pte. Ltd.372, Bukit Batok Street 31, #01-374, (level 2),
S(650372)
137/201962725538http://bestcredit.sg/
27Bliss Credit Pte. Ltd.11, Collyer Quay,
#03-24, The Arcade, S(049317)
148/201963271334http://www.blisscredit.com.sg/
28BST Credit Pte. Ltd.131, Jurong Gateway Road, #01-251,
S(600131)
149/201962991782http://www.bstcredit.com.sg/
29BTB Creditz Pte. Ltd.810, Geylang Road, #01-05/14, City Plaza,
S(409286)
114/201967487875http://www.btbcreditz.com.sg/
30Bugis Credit Pte Ltd470, North Bridge Road, #02-12, Bugis CUBE, S(188735)30/202063459123https://www.bugiscredit.sg/
31Capital Funds Investments Pte. Ltd.65, Ubi Crescent, #06-07, Hola Centre, S(408559)165/201962817736http://www.loancfi.com.sg/
32Cash Check Singapore Pte. Ltd.726, Ang Mo Kio Avenue 6, #01-4166,
S(560726)
122/201965381742http://cashcheck.com.sg/
33Cash Direct Pte. Ltd.1187, Upper Serangoon Road, #01-16,
The Midtown, S(533971)
93/202066351300http://www.cashdirect.sg/
34Cash Mart Pte. Ltd.277, Balestier Road, S(329726)182/201963974111https://cashmart.sg/
35Cashmax Credit Pte. Ltd.810, Geylang Road, #01-56, City Plaza,
S(409286)
74/202062215480https://www.cashmax.com.sg/
36Crawfort Pte. Ltd.1, North Bridge Road, #01-35, High Street Centre,
S(179094)
87/202067778080http://www.crawfort.com/
37Credit 21 Pte. Ltd.10, Anson Road, #01-07, International Plaza, S(079903)57/202062211811http://www.credit21.com.sg/
38Credit 89 (SG) Pte. Ltd200, Jalan Sultan, #04-21B, Textile Centre,
S(199018)
179/201963980909https://credit89sg.com/ (not found on https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List_1July2020.pdf)
39Credit Assist Pte. Ltd.101, Upper Cross Street, #01-15, People’s Park Centre,
S(058357)
24/202065678869
40Credit Culture Pte. Ltd.31A, Keong Saik Road,
S(089138 )
68/202069217300https://www.creditculture.sg/
41Credit Empire Enterprise Pte. Ltd.1, Park Road,
#01-16, People’s Park Complex, S(059108)
27/202067337018http://www.creditempire.sg/
42Credit Excel Capital Pte. Ltd.192, Waterloo Street, #6F-03-05, Sky Line Building, S(187966)123/201963370055https://quickmoney.sg/
43Credit Hub Capital Pte. Ltd.190, Middle Road, #10-01A, Fortune Centre, S(188979)139/201963385115http://credithubcapital.sg/
44Credit King Pte. Ltd.101, Upper Cross Street, #01-27, (Part)& #B1-49 People’s Park Centre, S(058357)39/202062221788
45Credit Matters Pte. Ltd.801, Geylang Road, #02-01, S(389681)84/202066363233http://www.creditmatters.com.sg/
46Credit Thirty3 Pte. Ltd.304, Orchard Road, #02-88, Lucky Plaza, S(238863)1/202062922931https://www.creditthirty3.com.sg/
47Credit Xtra Pte. Ltd.101, Upper Cross Street, #01-05C, People’s Park Centre, S(058357)98/202063388829http://www.creditxtra.com.sg/
48Creditmaster Pte. Ltd.1, Park Road, #01-50, People’s Park Complex,
S(059108)
37/202067481338https://www.creditmaster.sg/
49DIO Credit Pte Ltd810, Geylang Road, #01-115/6, City Plaza, S(409286)150/201963966215http://www.diocredit.com.sg/
50Elite Investment & Credit Pte. Ltd.799, Geylang Road, #01-01, S(389680)81/202067907161https://eliteloans.com.sg/
51Empire Global Pte Ltd513, Bishan Street 13, #01-514, S(570513)36/202062591883http://www.applypersonalloans.sg/
52Emvertex Credit (SG) Pte. Ltd.200, Jalan Sultan, #02-33, Textile Centre,
S(199018)
151/201962916868http://emvertexcredit.com/
53Excel Credit (Pte.) Ltd.Blk 449, Clementi Avenue 3, #01-241, (Plot B), S(120449)3/202062202937https://www.excelcredit.sg/
54EZ Loan Pte. Ltd.I: 3, Beach Road, #01-4853, Beach Road Gardens, S(190003)

II: 1, Tanjong Pagar Plaza, #02-09, S(082001)
21/202062222529http://www.ezloan.com.sg/
55EZ Pte. Ltd.765, Geylang Road, S(389663)18/202064400822http://www.ezmoneylender.com.sg/
56Fast Money Pte. Ltd.I: 101, Yishun Avenue 5, #01-39, S(760101)

II: 505, Tampines Central 1, #01-341, S(520505)
143/201962244749http://www.fastmoney.com.sg/
57Fong Chin Capital Pte. Ltd.129, Bedok North Street 2, #01-42, S(460129)124/201964455022http://fongchincapital.com.sg/
58Fortune Credit Pte. Ltd.470, North Bridge Road, #02-01A,
Bugis Cube, S(188735)
33/202067771887https://www.fortunecredit.com.sg/
59Gain Credit Pte. Ltd.807, Yishun Ring Road, #01-4197, S(760807)172/201964380113https://gaincredit.com.sg/
60Galaxy Credit and Investments Pte Ltd709, Ang Mo Kio Avenue 8, #01-2595,
S(560709)
181/201964382322http://www.galaxycredit.com.sg/
61GM Creditz Pte. Ltd.111, North Bridge Road, #01-41, Peninsula Plaza, S(179098)115/201965881886https://www.gmcreditz.com.sg/
62Gold Allianze Capital Private Limited1, Rochor Canal Road, #01-03, Sim Lim Square, S(188504)43/202063386956http://www.goldallianze.com.sg/
63Golden Credit (S) Pte. Ltd.101, Upper Cross Street, #01-05F, People’s Park Centre, S(058357)38/202062241300http://goldencredit.com.sg/
64Goldstar Credit Pte. Ltd.i: 183, Toa Payoh Central, #01-254, S(310183)

ii: 1187, Upper Serangoon Road #01-21, S(533971)
144/201963840088https://www.goldstarcredit.co/
65GS Credit Pte. Ltd.1, Gateway Drive, #06-08, Westgate, S(608531)125/201965630321https://www.jurongmoneylender.sg/
66GT Credit Pte. Ltd.178, Toa Payoh Central, #01-202, S(310178)15/202067428154http://www.gtcredit.com.sg/ (website not working)
67GV Credit Pte Ltd101, Joo Chiat Road, GV Building, S(427395)126/201963450233
68Happy Cash Pte. Ltd.465, North Bridge Road, #01-5083, S(191465)20/202062914312http://lowinterestloan.com.sg/
69Hersing Credit Pte Ltd21, Tampines Street 92, #05-00, H C Design Centre, S(528891127/201962722000https://www.hersingcreditsg.com/ (not on https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List_1July2020.pdf)
70HHL Credit Pte. Ltd.1, Rochor Canal Road, #01-04, Sim Lim Square, S(188504)13/202067321998https://hhlcreditpl.com/
71HMS Credit Pte Ltd1, Sophia Road,
#03-39, Peace Centre,
S(228149)
89/202063339061https://www.hmsmoney.com/
72Horison Credit Pte. Ltd.1, Park Road, #01-15, People’s Park Complex, S(059108)7/202068442902https://www.horisonmoneylender.com.sg/>
73HS Credit Pte. Ltd.3, Coleman Street, #04-32, Peninsula Shopping Complex, S(179804)51/202063377782
74Hup Hoe Pte. Ltd.1, Rochor Canal Road, #01-01, Sim Lim Square, S(188504)116/201962549441http://www.huphoecredit.com.sg/
75I-Credit Pte. Ltd.82, Lorong 23 Geylang, #05-02, Atrix,
S(388409)
106/202062225222https://www.icredit.com.sg
76IFS Consumer Services Pte. Ltd.10, Eunos Road 8, #09-04, Singapore Post Centre, S(408600)85/202063030306https://www.fridayfinance.sg/
77Ignis Montis Pte. Ltd.184, Toa Payoh Central,
#01-352, S(310184)
65/2020+65 6977 7272https://ignismontis.com.sg/
78IP Credit Pte. Ltd.185, Toa Payoh Central, #01-332, S(310185)82/202062228993https://ipcredit.sg/
79JD Credit Pte. Ltd.531, Upper Cross Street, #01-38, Hong Lim Complex, S(050531)44/202062927717https://jdcredit.com.sg/
80Jefflee Credit Pte. Ltd.131, Jurong Gateway Road, #01-261,
S(600131)
128/201965155969http://www.jeffleecredit.com.sg/
81JML Credit Pte. Ltd.756, Upper Serangoon Road, #04-13, Upper Serangoon Shopping Centre, S(534626)45/202062821135https://jmlcredits.com/ (not found on https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List_1July2020.pdf)
82JNB Credit Pte. Ltd175, Bencoolen Street, #01-25, Burlington Square, S(189649)40/202065541857http://www.jnbcreditz.com.sg/ (not found on https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List_1July2020.pdf)
83Jothi Moneylender Pte. Ltd.5001, Beach Road,
#07-63, Golden Mile Complex, S(199588)
77/202062982511
84JR Credit (S) Pte. Ltd.304, Orchard Road, #02-14, Lucky Plaza, S(238863)34/202067373022http://jrcredit.sg/
85Kaiiron Pte. Ltd.111, North Bridge Road, #05-15A, Peninsula Plaza, S(179098)58/202062621813http://kaiiron.com/
86Karthik Money Lending Pte. Ltd.238, Serangoon Road, S(218085)61/202062918194
87Katong Credit Pte. Ltd.304, Orchard Road, #02-30/31, Lucky Plaza, S(238863)10/202062912210https://www.katongcredit.com.sg
88KBB Credit SD Private Limited111 North Bridge Road, #01-35, Peninsula Plaza, S(179098)145/201962556998https://kbbcredit.sg/
89Khalon & Gill Moneylenders Pte. Ltd.1, North Bridge Road, #B1-25-A, High Street Centre, S(179094)152/201963921251
90Kim Eng Finance (Singapore) Pte Ltd50, North Canal Road, #03-01, S(059304)97/202062315219
91KR RM Ramasamy Pte. Ltd.238A, Serangoon Road,
S(218085)
170/201962925506
92KST Credit Pte. Ltd.220, Orchard Road, #01-01, Midpoint Orchard, S(238852)96/2020+65 6255 5225http://www.kstcredit.sg
93Lending Bee Pte. Ltd.I. 14, Scotts Road, #02-44/45, Far East Plaza,
S(228213)

II: 190, Lorong 6 Toa Payoh, #01-548,
S(310190)

III: 213, Bedok North Street 1, #01-111, S(460213)

IV: 135, Jurong Gateway Road, #01-335, S(600135)
73/202062191611https://www.lendingbee.com.sg/
94Lian Fong Capital Pte. Ltd.96, Jalan Jurong Kechil, S(598599)147/201964683948
95Magnus Credit Pte. Ltd.301, Ubi Avenue 1,
#01-279, S(400301)
25/202063389891http://www.magnuscredit.com.sg/
96Majestic Credit Pte. Ltd.101, Upper Cross Street, #01-26B/G, People’s Park Centre,
S(058357)
5/202067277915http://www.majesticcredit.com.sg/
97Max Credit Pte. Ltd.1, Sophia Road, #01-15, Peace Centre, S(228149)99/202063364144https://www.maxcredit.sg/
98MM Credit Pte. Ltd.217, Bedok North Street 1, #01-63, S(460217)9/202062262207http://www.mmcredit.com.sg/
99Monetium Credit (S) Pte. Ltd.10, Jalan Besar,
#01-01, Sim Lim Tower,
S(208787)
177/2019+65 6777 7775https://www.monetiumcredit.com.sg/
100Moneyplus Capital Pte. Ltd.371, Beach Road,
#01-03, City Gate,
S(199597)
17/20206591 8860https://moneyplus.com.sg/
101Motor-Way Credit Pte Ltd1094, Lower Delta Road, Motorway Building, S(169205)129/201964662200https://motorway.com.sg/
102MWA Capital Pte. Ltd.3, Phillip Street, #13-01, Royal Group Building, S(048693)141/201965572275https://www.mwacapital.com.sg/
103New ERA Credit (S) Pte. Ltd.50, East Coast Road, #02-58, Roxy Square,
S(428769)
90/202063458801
104Oasis Credit Services Pte. Ltd.442, Clementi Avenue 3, #01-87, S(120442)66/202067771121http://moneyloans.com.sg/
105On Line Credit Pte LtdBlk 210, New Upper Changi Road, #01-731, (Half portion only),
S(460210)
11/202064459166http://www.onlinecredit.com.sg/
106Orange Credit Pte. Ltd.810, Geylang Road, #01-91, City Plaza,
S(409286)
79/202067482320http://www.orangecredit.com.sg/
107OT Credit Pte. Ltd.135, Jurong Gateway Road, #01-323,
S(600135)
118/201962920119https://otcredit.com.sg/
108Periakaruppan Chettiar Pte. Ltd.77, High Street,
#09-15, High Street Plaza, S(179433)
60/202066816494http://periakaruppanchettiar.com.sg/ (website not working)
109Phillip Credit Pte. Ltd.250, North Bridge Road, #06-00, Raffles City Tower, S(179101)130/201968127072https://phillip-credit.com/ (not found on https://rom.mlaw.gov.sg/files/ML%20Lists/ML%20List_1July2020.pdf)
110Pit-Stop Credit (SG) Pte. Ltd.200, Jalan Sultan, #02-27A, Textile Centre,
S(199018)
62/202062971909http://pitstopcredit.com.sg/
111Platinum Credit Pte Ltd1, Coleman Street, #01-11, The Adelphi, S(179803)140/201963330888https://www.platinumcredit.com.sg/
112Power Credit Enterprise Pte. Ltd.1, Tras link, #01-11, Orchid Hotel, S(078867)169/201962865389https://www.powercredit.sg/
113PR Vita Capital Pte. Ltd.77, High Street, #09-15, High Street Plaza,
S(179433)
48/202063380807http://www.prvrcapital.com.sg/ (website not working)
114Prime Motor & Leasing Pte. Ltd.61, Ubi Avenue 2, #01-03, Automobile Megamart, S(408898)131/201967419292
115Prosper Credit Pte. Ltd.186, Toa Payoh Central, #01-420, S(310186)95/202062262320
116Qiannow Pte. Ltd.60, Paya Lebar Road, #07-32, Paya Lebar Square, S(409051)88/202063878623https://qiannow.com/
117Quick Credit Pte Ltd2, Jurong East Street 21, #04-01A/B, IMM Building, S(609601)28/202068996188http://www.quickcredit.com.sg/
118QuickLoan Pte. Ltd.10, Anson Road, #01-15, International Plaza, S(079903)59/202062231788https://www.quickloan.com.sg/
119QV Credit Pte. Ltd.175A, Bencoolen Street, #11-08, Burlington Square, S(189650)83/202068357775https://qvcredit.sg/
120R2D Credit Pte. Ltd.Blk 846, Yishun Ring Road, #01-3661, S(760846)14/202066351595https://r2dcredit.com/
121Raffles Credit Pte Ltd17A, Circular Road,
S(049373)
31/202062351788https://www.rafflescredit.com.sg/
122RJS Credit Pte. Ltd.77, High Street, #04-06, High Street Plaza,
S(179433)
46/202063394022
123RM Credit Pte. Ltd2, Havelock Road, #01-17, Havelock2, S(059763)175/201962355335https://rmcredit.com.sg/
124RM R Credit Pte. Ltd.29A, Upper Dickson Road, S(207488)35/202063960676
125S G Credit Pte. Ltd.33D, Benoi Road,
#03-00, Pioneer Lot,
S(627788)
92/202062615044
126S P Credit Pte. Ltd.43A, Campbell Lane, #02-00, S(209915)67/202062916396
127S.E. Investment Pte. Ltd.100, Eunos Avenue 7, #03-25, San Teh Industrial Building,
S(409572)
160/201965693957http://www.seinvestment.com.sg/
128Sands Credit Pte. Ltd.175, Bencoolen Street, #01-06, Burlington Square, S(189649)142/201962250268http://www.sandscredit.com.sg/
129SGP Credit Singapore Pte. Ltd.133, Jurong Gateway Road, #01-299,
S(600133)
8/202064661157https://www.sgpcredit.com.sg/
130Shanmugan Moneylender Pte. Ltd.10, Jalan Besar, #13-05A, Sim Lim Tower, S(208787)63/202062978574
131Sighappi Achi Moneylender (SG) Pte. Ltd.25, Norris Road, #2, S(208267)49/202063417450
132Sincere Moneylender Pte. Ltd.13, Jalan Besar, ( level 1 only), S(208789)119/201962852261
133Singa Credit Pte Ltd470, North Bridge Road, #02-01, Bugis Cube, S(188735)146/201966946166http://www.singacredit.com/
134SKM Credit Pte. Ltd.185, Toa Payoh Central, #01-334, S(310185)22/202063365148http://www.skmcredit.sg/
135SME Care Pte. Ltd.5, Jalan Kilang Barat, #07-02, Petro Centre,
S(159349)
132/201962710023http://smecare.com.sg/
136Soon Seng Credit Pte. Ltd.711, Ang Mo Kio Avenue 8, #01-3501A,
S(560711)
47/202062925693https://soonsengml.com/
137Su Credit Pte. Ltd.175, Bencoolen Street, #01-36, Burlington Square, S(189649)133/201966365644https://www.sucredit.com.sg/
138Sumo Credit Pte. Ltd.190, Middle Road, #02-06, Fortune Centre,
S(188979)
6/202063360766https://sumo.com.sg/
139Swift Credit Pte. Ltd.1, Sophia Road, #01-37,
Peace Centre,
S(228149)
171/201963830418http://www.swiftcredit.sg/
140Synergy Credit Pte. Ltd.140, Upper Bukit Timah Road, #02-18,
Beauty World Plaza,
S(588176)
178/201964660049https://www.syncredit.com/
141Tan & Jiang Enterprise Pte. Ltd.201D, Tampines Street 21, #03-1155, S(524201)19/202067866098
142The Moneylenders Pte. Ltd.7A, Tech Park Crescent, S(637839)134/201968628633
143TKM Creditz Pte. Ltd.43A, Campbell Lane, #02-00, S(209915)26/202062938523
144Tradition Credit Co Pte Ltd810, Geylang Road, #01-81, City Plaza, S(409286)154/201968469108http://www.traditioncredit.com.sg/
145Trillion Credit Solutions Pte. Ltd.I: 101, Upper Cross Street, #01-26/A, People’s Park Centre,
S(058357)

II: 304, Orchard Road, #02-12, S(238863)
176/201965090111http://trillioncredit.com.sg/
146Tur Mohar Money Lending Pte. Ltd.5001, Beach Road,
#07-39, Golden Mile Complex, S(199588)
56/202062942219
147U Credit (Pte.) Ltd180 Bencoolen Street, #01-19, S(189646)180/201963371768https://ucredit.sg/
148UK Credit (S) Pte. Ltd.210, New Upper Changi Road, #01-723,
S(460210)
64/202064487448https://ukcredit.sg/
149Unilink Credit Pte. Ltd.35, Selegie Road, #10-27, Parklane Shopping Mall, S(188307)174/201963380690http://unilinkcredit.com.sg/
150Uniqcash Pte. Ltd.7A, Trengganu Street, S(058461)32/202069103483https://www.uniqcash.sg/
151United Credit Pte Ltd275, Thomson Road, #01-21, Novena Regency, S(307645)78/202062220227http://www.unitedcredit.com.sg/
152Unlimited Finance Pte. Ltd.162, Bukit Merah Central, #01-3541, S(150162)173/201962994666http://www.unlimitedfinance.com.sg/
153Vera Capital Pte. Ltd. 302, Ubi Avenue 1, #01-33B, S(400302)135/201967411101https://vera.com.sg/
154VM Credit Pte. Ltd.261, Waterloo Street, #01-31, Waterloo Centre, S(180261)136/201964811788https://www.valuemax.com.sg/moneylending/
155Wah Leong Company (Private) Limited339, Jalan Besar, S(208984)2/202062970433
156Winz Credit Pte. Ltd.I: 153, Serangoon North Avenue 1, #01-530,
S(550153)

II: Blk 124, Lorong 1 Toa Payoh, #01-467,
S(310124)
138/201962526696

Guidelines Licensed Money Lenders Must Adhere to According to The Ministry of Law

Borrowers are protected in Singapore because the ministry of law has set strict jurisdictions and guidelines that money lenders must abide by. The money lender guidelines were established in 2015 and any financial loaning company that doesn’t adhere to these rules will face the law.

It’s vital to know the laws that govern these establishments so you can avoid selecting a fraudulent money lender. Below are the guidelines that all licensed moneylenders must abide by;

Interest Rates on Loans

Interest rates on loans must never be higher than 4%. Therefore interest rates are determined according to the balance interest rate.

Compound Interest Rates

Licensed moneylenders are permitted to using compound interest for outstanding principle ONLY.

Laws on Administrative Fees

Licensed moneylenders in Singapore are only permitted to charge administrative fees on loans and it must never exceed 10% of the principal loan amount. The administrative fee is charged immediately once your loan has been approved and so there should be no extra charges afterwards.

Late Fee Payments

People who loan money in Singapore will still get charged for late fees but the amount is not allowed to exceed $60. Additionally, late interest on repayment fees will not exceed the four percentage rate.

Unpaid or Late Repayments

Borrowers will only be charged interest on late or unpaid repayments. There should be no interest charge on fees that have already been paid.

Total Fees Charged

The total amount charged for admin, interest rates and late repayments fees will not exceed the principal amount of the loan you’ve been approved for. Ensure that you read your loan application thoroughly to ensure the licensed moneylenders in Singapore are abiding by these regulations.

If you feel that the money lenders have not adhered to the mentioned guidelines, you have full rights to contact the Ministry of Law to report them.

How to Select the Best Personal Loan Moneylenders

It can be difficult selecting the best personal loan money lenders because there are many aspects you must consider first before signing up with a loaning company. Here are a few key features you must look at first before opting for a money lender.

Are They Accredited and Licensed?

You are at risk of being exploited if you’re working with unlicensed money lenders in Singapore. There’s also a potential risk of experiencing poor customer service from unlicensed moneylenders, which is frustrating and can result in financial struggles.

Reputable licensed moneylenders will prove the legitimacy of their business through being licensed whether it’s a PTE LTD or public business. Furthermore, a licensed moneylender has earned their permit by meeting the conditions set by the government for personal loan companies. Therefore you’ll be loaning legal money.

All the loan products that the licensed moneylenders offer must adhere to the legal Singapore guidelines. What’s more, if you are having problems with the lender you can contact the authorities because they have a comprehensive list of licensed moneylenders.

The accreditation is given to moneylenders from The Ministry of Law through the Registry of Moneylenders Singapore. These companies are qualified and recognised by the law so it’s imperative that you only take out personal loans with licensed moneylenders.

The Fees they Charge

All licensed moneylenders in Singapore will charge you for personal loan services. Before opting for a personal loan, check the fees the establishment charges. These lenders set their own amounts so you may want to compare prices of each money lending institute you’re researching. This is so you can select the services of a lender that offers the best pricing on the loan agreement.

All the fees and interest rate have to be stated on your loan application form.

Does The Licensed Moneylender Have an Excellent Reputation?

You don’t want to work with licensed moneylenders that has poor customer reviews. There is a reason clients aren’t happy with the services from some lenders. This could be because the business refuses to answer phone calls when there’s a need for assistance or they exploit their clients.

You can find out a lot about a loan company if you do extensive research online. To find the best one simply look for a registry of moneylenders in Singapore and see what people are saying about these establishments.

Although you may be in an emergency and you need fast cash, it’s important to find a lender who provides top-notch services to save you hassle & frustration.

Here are three aspects to research when looking at a money lender.

1. Experience

If you want excellent customer satisfaction then look at the lender’s experience in the industry. Moneylenders who’ve been in the industry for many years have perfected their workflow so that everything runs like clockwork.

Loan officers who’ve already been established won’t try to exploit you because they’ve already established themselves and so they want to protect their reputation. Not adhering to laws and taking advantage of clients can be detrimental to their business. Hence, you should opt for a loan officer who has been in the industry for many years.

2. Excellent Documentation

You must have extensive proof of all the information on the loan you’ve taken out. This means you must have a copyright document that you can keep in case you have a dispute with the lender.

Make sure the moneylenders act and rules are stipulated in the document as well as the following:

  • Loan amounts
  • Payment schedule
  • Loan agreement
  • Loan tenures
  • Interest charge
  • Processing fees

The document that you sign will inform you of your responsibilities and what the lender promises to do for you. If you feel that the lender hasn’t abided by the signed documentation you can contact the national crime prevention council for assistance.

3. Flexibility in Payments Fees

As mentioned before, you should opt for licensed moneylenders in Singapore who is willing to be flexible on your repayment plans. For example, will they be willing to allow you to cease a repayment schedule for one month if you’re experiencing financial difficulties? Or will the company charge you for late payment?

Ensure that the money lending services allow exit fees. This is when you have all the money to pay off your loan with the company and you want to exit the contract by paying it in full.

Important Note

It should be noted that Singapore citizens have reported unlicensed moneylenders who are saying they’re accredited, only to swindle people into opening up loans with the business. These scammers offer loan requests via the following:

  • Text messages
  • Websites
  • An email account
  • Social media platforms that impersonate accredited money lenders

Scammers may also contact people via SMS or a phone call to suggest that they transfer money to pay off processing or GST fees before loans can be approved. These are scams and should be reported immediately. Take a look at the Police Advisory to find out if these establishments are licensed.

Furthermore, these scammers create false websites and social media accounts advertising that they’re licensed holders. These perpetrators will get people to send them personal data such as:

  • NRIC card number
  • Contact number
  • Personal address
  • Bank details

Even licensed moneylenders in Singapore are not entitled to your personal information via text, phone call or social media. All licensed moneylenders in Singapore must meet with borrowers on the business premises in order to approve loans using ID documents. You MUST visit the physical building so your credit score can be checked too. In Singapore, online loan application and credit reports are prohibited.

Final Thoughts

You can verify licensed lenders websites by going to Registry of Moneylenders. You should report any suspicious activity from potential unlicensed lenders to the police immediately. Call the X Ah long telephone number at 1800-924-5664 which is also used to report unlicensed lenders.

Most of licensed moneylenders FAQs can be found on https://www.mlcb.com.sg/FAQ.aspx.

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