AK Credit Moneylender
(Product Review)

3.92%

Monthly Interest Rate

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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

Loan Amount (S$)

Tenure (Months)

$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

AK Credit is a licensed moneylender at 2 Havelock Road, Havelock II, near Clarke Quay. They do not publish their licence number on the homepage so better to check them yourself on the Registry of Moneylenders list before you apply.

Their rate is 3.92% per month just under the 4% legal cap. They call this "the lowest interest rates in town" and "the best rate available" which is a stretch since plenty of lenders quote the same 3.92% and some advertise lower starting rates. Treat that claim as marketing rather than a reason to choose them.

However whats genuinly worth mentioning they allow partial repayment towards your principal meaning you can pay extra whenever you have spare cash and cut down what you owe faster. They also run reducing interest, so you pay interest on your outstanding balance rather than the original loan amount. Both of these save you real money if you can pay ahead of schedule.

They only do monthly loans and say outright that weekly and biweekly repayment can pull borrowers into a debt cycle. That is a fair point and worth weighing if another lender is pushing you towards weekly instalments.

They offer six loan types including bridging loans and renovation loans. Their site is available in English, Chinese and Malay which not many lenders bother with.

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Monday, August 3rd, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.98%

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Rate Disclaimer*

Based on a $20,000 loan at 6.95% APR over 5 years, total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%.

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*Based on a $20,000 loan at 6.95% APR over 5 years, read more total repayable amount is $26,940 with $449 monthly payments. Your personal APR will be provided upon application completion. Loan terms available from 3 to 72 months. Maximum APR 8.88%. show less

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 (S$)

Loan amount must be between 500 and 100,000.

Tenure (Months)

Tenure must be between 1 and 60 months.

Lenders AllROSHI Approved

Monthly Repayment Low to HighHigh to Low

Total Interest Low to HighHigh to Low

More Filters

EZ Loan

Address

1.99%

Grocery Vouchers

Up to 1% Cashback

5.0  

$945.02

Happy Cash

Address

3.92%

5.0  

$1,060.58

KST Credit

Address

3.92%

5.0  

$1,060.58

Katong Credit

Address

3.92%

4.9  

$1,060.58

RM Credit

Address

3.92%

5.0  

$1,060.58

Jefflee Credit

Address

3.92%

4.4  

$1,060.58

All lenders verified against Ministry of Law registry. Last updated: August 3 2026.

AK Credit Application Requirements

Their site runs in English, Chinese and Malay so you can read through the loan terms in your own language before you commit to anything.

Bring with you:

• To be at least 18 years old
• NRIC for Singaporeans and PRs. Passport plus valid work pass for foreigners
• 3 months of income proof, payslips, CPF contribution history or bank statements showing salary credit
• IRAS Notice of Assessment if you are self-employed
• Proof of address for foreigners
• Attend their Havelock Road office in person to sign