Licensed Moneylenders in Woodlands

If you are a Singaporean citizen or permanent resident living in Woodlands, you can apply for a loan regardless of where you work. If you are a Malaysian or other foreign national working in Singapore with a valid work permit, S Pass or Employment Pass you are also eligible. Cross border commuters should note that all loan applications must be completed in person at a registered lender’s office in Singapore this cannot be done across the Causeway.

You will typically need your NRIC or valid passport (for foreigners), proof of income such as recent payslips or CPF contribution statements and proof of address. If you are self-employed lenders may accept bank statements or tax filings as alternative proof of income.

Licensed moneylenders in Woodlands can typically process and approve applications within 30 minutes to a few hours, provided documents are all completed. Money is usually transferred via cash or PayNow on the same day.

If your annual income is less than $20,000 you can borrow up to $1,500. If your annual income is $20,000 or more, you can borrow up to six times your monthly income.

These limits are set by the Ministry of Law and apply across all licensed moneylenders combined meaning any existing loans with other lenders count towards your total borrowing cap.