Licensed Lenders in Singapore (2026)
Compare verified licensed lenders based on borrower reviews, interest rates, and loan types. All lenders regulated by the Ministry of Law.
Quick Credit
Established moneylender with strong borrower reviews and transparent terms.
Lending Bee
Popular lender known for competitive rates and good customer service.
Credit Xtra
PickMeALoan aligned partner based in Chinatown. Transparent lending practices.
BST Credit
Licensed lender offering personal and business loans.
Crawfort
Well-known moneylender with multiple branches across Singapore.
Singa Credit
Licensed lender with positive borrower feedback and fast processing.
Cash Direct
Moneylender offering same-day loans with straightforward application.
OT Credit
Licensed lender serving Singapore citizens, PRs, and foreigners.
EZ Loan
Moneylender with streamlined application process and competitive terms.
SGP Credit
Licensed lender with strong customer feedback.
Jefflee Credit
Established moneylender offering various personal loan products.
Soon Seng Credit
Long-standing moneylender with community reputation.
Finance Buddy
Licensed lender with focus on borrower experience.
Best Licensed Lender
Licensed lender serving borrowers across Singapore.
1-2-Lend
Licensed lender offering competitive loan products.
How to Choose a Licensed Lender
Choosing the right moneylender can save you hundreds in interest. Here’s what to consider:
Verify Their Licence
Always check the Ministry of Law’s official register before borrowing. Licensed lenders operate from registered addresses, display their licence, and comply with regulated interest rate caps.
Compare Rates and Fees
Interest rates range from 1% to 4% per month across licensed lenders. Processing fees can be up to 10% of the loan amount. Compare total repayment cost, not just the monthly rate.
Read Borrower Reviews
Google reviews and borrower feedback reveal a lender’s actual service quality — responsiveness, transparency, and professionalism during the application process.
Use PickMeALoan
Instead of visiting moneylenders one by one, use PickMeALoan to compare offers from multiple licensed lenders simultaneously. One application, multiple offers, no obligation.
Your Rights as a Borrower
Under Singapore’s Moneylenders Act, you have the right to:
- Receive a copy of your loan agreement before signing
- Clear disclosure of all fees and charges including interest rate, processing fee, and late payment fee
- A 3-day cooling-off period for new loans (first-time borrowers)
- Capped fees — late fees at $60/month maximum, processing fees at 10% maximum
- File complaints with the Registry of Moneylenders if a lender violates regulations
Frequently Asked Questions
- Check the Ministry of Law's official list at rom.mlaw.gov.sg. All licensed lenders must display their licence number at their premises and in advertisements.
- Licensed lenders are capped at 4% per month on the reducing principal balance. Any higher rate is illegal.
- Yes. Licensed lenders are regulated by the Ministry of Law, must comply with the Moneylenders Act, and face penalties for non-compliance. Always verify the lender's licence before borrowing.
- Licensed lenders offer faster approval, more flexible eligibility, and serve borrowers that banks may reject. Banks typically offer lower interest rates but have stricter income and credit requirements.
- Yes, but your total borrowings across all licensed lenders cannot exceed the cap set under the Moneylenders Act based on your income. The aggregate limit is tracked across all licensed lenders.
Find the Best Lender for You
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