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UK Credit Review

UK Credit Review
(Product Review)

By Dawn Chew UK Credit Review

Updated January 1, 2026

The product information in the comparison table is updated daily. We also update the news, consumer information and market insights on this page regularly.

3.92%

Monthly Interest Rate

Cashback Rewards

Price Beat Guarantee

Varies
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Processing Fee

    Up to 6x

    Monthly Income

    $288.67
  • Monthly repayment shown uses an indicative rate of 3.92% per month. Depending on your lender, actual rates may range from 0.25-4% per month.

    • Monthly Repayment

    Apply Now

    Current Moneylender Interest Rate Trends

    Today’s moneylender interest rate trends in Singapore – As of Thursday, January 1st, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.90%

    Product Review

    UK Credit is a licensed money lender in Singapore, known for offering prompt, dependable and personalised financing solutions. Strategically located in Bedok since 2012 with operations dating back to 2008, UK Credit has served more than 11,000 borrowers and disbursed over S$45 million in approved loans. Whether you are navigating a financial emergency, funding a personal milestone or managing business operations, UK Credit provides a wide range of loan products designed to meet diverse needs.

    Compare Loan Offers
    from 20+ Lenders
    Up to 1% Cashback*
    $20 Grocery Voucher*
    Quick 5 Minutes Approval

    $1,000

    $200,000

    3 Months

    72 Months

    Total Cashback

    10

    Your monthly payment

    337

    Rate Disclaimer*

    *Based on a $20,000 loan at 6.95% APR over 5 years, read more

    Borrowers benefit from fast approvals, flexible repayment plans and interest rates that comply with Ministry of Law regulations. Applications are processed efficiently with disbursement often completed within 20 minutes through secure cashless transactions. What sets UK Credit apart is its tailored support where clients receive one-on-one guidance from a team with more than 20 years of combined lending experience. With a transparent customer-first approach and a convenient location just minutes from Bedok MRT, UK Credit stands out as a trusted and accessible legal loan provider in Singapore.

    List of Licensed Moneylenders in Singapore (January 2026)

    All moneylenders listed below are authorised to operate legally in Singapore under the Moneylenders Act. They adhere to strict regulations set by the Ministry of Law including caps on interest rates, fees and ethical lending practices. Always verify a moneylender's license on the Ministry of Law's official website before proceeding with any loan application.

    Loan amount must be between 500 and 100,000.
    Tenure must be between 1 and 60 months.
    All
    All
    ROSHI Approved
    Low to High
    Low to High
    High to Low
    101 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Platinum Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    MoneyPlus Capital
    Address
    2.89%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $998.04
    Check Eligibility
    118 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    1133 Moneylenders
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    JNB Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Prosper Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    KST Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Sands Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Synergy Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 1 January 2026

    Sincere Moneylender Application Requirements

    Applying for a loan at UK Credit is designed to be simple and accessible for all eligible borrowers. Whether you’re a Singapore Citizen, Permanent Resident or a foreigner residing in Singapore, the process is transparent and structured to comply fully with the Ministry of Law’s lending guidelines.

    Eligibility Criteria:

    • Applicants must be 21 years old or above.
    • Must be a Singaporean, Permanent Resident or foreigner with valid employment documentation.
    • Must have a regular source of income.

    Loan amounts are determined based on your annual income:

    • Singaporeans/PRs earning under S$20,000/year can borrow up to S$3,000.
    • Foreigners earning under S$10,000/year may qualify for up to S$500.
    • Those earning S$10,000 to under S$20,000/year can access up to S$3,000.
    • Individuals with annual income above S$20,000 may borrow up to six times their monthly income.

    Documents Required:
    For Singapore Citizens / PRs:

    • NRIC (front and back)
    • CPF contribution statements or IRAS Notice of Assessment (retrieved via Singpass)
    • Latest 3 months’ payslips or other income proof (e.g., bank statements, invoices)

    For Foreigners residing in Singapore:

    • Valid work pass (S-Pass, E-Pass or equivalent)
    • Passport and proof of residential address (e.g., tenancy agreement, utility bill)
    • Latest 3 months’ payslips

    All applicants must undergo in-person identity verification at UK Credit’s registered office prior to loan disbursement, as required by Singapore law. No upfront fees are collected before approval, ensuring a secure and compliant application experience.

    PROMOTIONS

    APPLICATION PROCESS

    • Apply & Submit

      Start your loan application journey with our quick online application multistep form—it takes just 30 seconds to complete. Our advanced technology and expert loan specialists work together to match you with suitable options on our platform

    • Document Upload

      Provide the necessary documents: your last 3 pay slips, a credit report from CBS or MLCB, and your IC/FIN details. Upload these files through your dashboard or email them to [email protected]

    • Application Review

      Our dedicated customer success team will carefully examine your application, contacting you if any additional information is required. Once we’ve verified your details, we’ll begin the process of matching you with appropriate lenders and loan options.

    • Compare Offers

      Compare loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.

    • Lender Appointment

      After you’ve selected a loan option, we’ll assist in arranging an appointment with the chosen moneylender. Note that for moneylender options, assessment and disbursement must be completed in person at their branch.

    • Funds Disbursement

      Once you’ve agreed on the loan terms and signed the contract, you’ll receive a copy of the agreement. This document will outline your monthly payment schedule. Your funds will then be disbursed either in cash or via bank transfer.

    Sincere Moneylender Highlights

    • Rapid Loan Approvals

      Get your loan approved in as fast as 20 minutes, ideal for time-sensitive financial needs. UK Credit’s streamlined process ensures minimal waiting and maximum convenience.

    • Customised Loan Packages

      Choose from a wide range of financing solutions including personal loans or business loans. Each option is tailored to your income level with repayment capacity in mind.

    • Flexible Repayment Terms

      Benefit from extended loan tenures with custom due dates. Interest is prorated for early repayments which offers flexibility when you need it most.

    • Licensed & Regulated

      UK Credit is fully registered under the Singapore Ministry of Law, assuring legal compliance and peace of mind for every borrower.

    • Strategic Location in Bedok

      Conveniently situated just minutes from Bedok MRT and major banks like UOB, Maybank and OCBC, making your loan process smoother and more accessible.

    • Preferential Perks for Returning Clients

      Repeat borrowers or applicants with good credit histories may enjoy reduced interest rates with waived processing fees. Some also qualify for second loan packages subject to evaluation.

    Frequently Asked Questions

    Is UK Credit a licensed money lender in Singapore?

    Yes, UK Credit is officially licensed by the Ministry of Law in Singapore and fully complies with the regulations under the Moneylenders Act. They have been operating legally since 2008 and are one of the most established lenders in the Bedok area.

    How fast can I get my loan approved and disbursed?

    Loan approvals at UK Credit are exceptionally fast. Many borrowers receive approval and funds within 20 minutes, especially in straightforward cases or when they are returning clients. This efficiency makes the company a preferred choice for those in need of urgent financing.

    What types of loans does UK Credit offer?

    UK Credit provides a range of financing solutions including personal loans, business loans and other unsecured loan options. Each loan is customised based on your financial profile, repayment capacity and credit background.

    What are the requirements to apply for a loan?

    Applicants must be at least 21 years old, have a valid form of identification and provide proof of income. Singapore Citizens, PRs and foreign residents with valid work passes are all eligible to apply.

    Are there any special benefits for returning customers?

    Yes, returning borrowers or those with a strong credit history may qualify for lower interest rates, reduced processing fees or even customised loan packages. These benefits are subject to internal review and approval.