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Ban King Credit Review

Ban King Credit Moneylender
(Product Review)

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Updated 03 Aug 2026

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03 Aug 2026
|

Fact-checked

Disclosure

Glossary

Useful Resources

Launch Application
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

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Product Review

Ban King Credit is a licensed moneylender at 705 Ang Mo Kio Ave 8 about five minutes walk from Ang Mo Kio MRT and they have been lending since 2015.

One important thing to sort out before you apply. Their site lists two different licence numbers, on the homepage it says 75/2026 while their FAQ and footer disclaimer say 72/2025. Only one of these is current so check them yourself on the Registry of Moneylenders list at rom.mlaw.gov.sg before you go down to there office.

They publish no interest rates but their loan calculator on their site lets you pick anything between 1% and 4% monthly but that is you choosing a number not them quoting you one. Better ask for your rate on the phone before making any trip.

Eleven loan types are listed but most are the same personal loan with a different label. A vacation loan and a wedding loan are not separate products. The bad credit loan is the one that matters if the banks have turned you down and they say they look at your current repayment ability rather than only your past record.

They are open Monday to Saturday 11am to 8pm and closed Sundays and public holidays. The 8pm closing is later than most lenders which helps if you finish work late.

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Sunday, August 9th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.90%


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Rate Disclaimer*

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

List of Nearby Licensed Moneylenders

Here are licensed moneylenders located nearby. All lenders listed are verified with the Ministry of Law and regulated under the Moneylenders Act.

Loan amount must be between 500 and 100,000.
Tenure must be between 1 and 60 months.
More Filters
Best Licensed Moneylender
Address
1.88%
Grocery Vouchers
Up to 1% Cashback
5.0  
$938.64
Raffles Credit
Address
3.92%
Grocery Vouchers
Up to 1% Cashback
5.0  
$1,060.58
1st Capital
Address
3.92%
4.7  
$1,060.58
1 Fullerton Credit
Address
3.92%
5.0  
$1,060.58
Credit Thirty3
Address
3.92%
5.0  
$1,060.58
Accredit
Address
3.92%
5.0  
$1,060.58

All lenders verified against Ministry of Law registry. Last updated: August 9 2026.

Ban King Credit Application Requirements

Their minimum age is 21 rather than 18 which rules out younger borrowers. Beyond that they say they weigh your current ability to repay more heavily than your past credit record so a rough patch a few years back is not automatically a decline.

What to prepare:

  • To be at least 21 years old
  • NRIC for Singaporeans and PRs. Passport plus valid work pass for foreigners
  • 3 months of payslips, CPF statement or bank statements
  • IRAS Notice of Assessment if you are self-employed
  • Proof of address for foreigners
  • To attend their Ang Mo Kio office in person to sign

Application starts through Singpass MyInfo.

PROMOTIONS

APPLICATION PROCESS

  • Apply Online

    Apply through Singpass MyInfo on their site.

  • Get a Callback

    A loan officer confirms your loan details with you.

  • Prepare Your Documents

    Have your NRIC or passport with work pass ready along with 3 months of income proof.

  • Visit the Office

    Go down to their Ang Mo Kio office to verify your identity. Open Monday to Saturday 11am to 8pm.

  • Review and Sign

    Go through every term face to face before you sign anything.

  • Collect Your Money

    Take your cash with your signed agreement and repayment schedule.

HIGHLIGHTS

  • Looks at your current ability to repay, not just past record
  • Accepts foreigners with valid work passes
  • Open until 8pm on weekdays, later than most
  • Application starts through Singpass MyInfo
  • Two different licence numbers listed on their site
  • Minimum age 21, not 18
  • No interest rates published
  • Closed on Sundays and public holidays

Frequently Asked Questions

Which licence number is correct?

Their site shows two, 75/2026 and 72/2025. Only one is current, so check the Registry of Moneylenders list at rom.mlaw.gov.sg before you go down.

Do I need good credit to apply?

Not necessarily, they say they weigh your current ability to repay more heavily than your past record.

Do they lend to foreigners?

Foreigners with valid work passes are accepted.

How late are they open?

Until 8pm on weekdays, which is later than most lenders. Closed on Sundays and public holidays.

What is the interest rate?

It is not published. The calculator lets you enter your own figure, so ask for your actual rate on the phone.