Compare the Best
in Singapore (May 2024)

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Updated May 23, 2024

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List of Reputable Licensed Moneylenders in Singapore (May 2024)

Moneylender Max. Loan Amount (Singaporeans) Max. Loan Amount (Foreigners) Monthly Interest Rate Google Reviews
1 Fullerton Credit 6 times monthly income 6 times monthly income 1-4% 5.0
1st Credit SG 6 times monthly income 6 times monthly income 1-4% 5.0
365 Credit Solutions 6 times monthly income 6 times monthly income 1-4% 5.0
Orange Credit 6 times monthly income 6 times monthly income 1-4% 5.0
Quick Credit 6 times monthly income 6 times monthly income 1-4% 5.0
Raffles Credit 6 times monthly income 6 times monthly income 1-4% 5.0
A1 Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Abm Creditz Singapore 6 times monthly income 6 times monthly income 1-4% 4.9
Bugis Credit Up to $50,000 Up to $30,000 1-4% 4.9
Capital Funds Investments 6 times monthly income 6 times monthly income 1-4% 4.9
GS Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Horison Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Katong Credit 6 times monthly income 6 times monthly income 1-4% 4.9
Credit 21 6 times monthly income 6 times monthly income 1-4% 4.8
Aero Credit 6 times monthly income 6 times monthly income 1-4% 4.3
JR Credit 6 times monthly income 6 times monthly income 1-4% 4.0

*Today's Moneylenders Rates - 23 May 2024


How to apply for a moneylender loan in Singapore?

Apply in 30 Seconds
At ROSHI, we understand the need for quick access to funds.You can submit your cash loan request in just 30 seconds.

Our expert team and smart AI enabled technology work together to pair you with the right lenders and streamline the entire process.
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Submit Necessary Documents
Provide your last three income statements, a credit report from either CBS or MLCB and your IC or FIN details.

Upload your files through your application dashboard or via email to [email protected].
Assessment Phase
Our success team will review your application and reach out if additional info is needed.

Once your details are verified, we'll begin matching you to the right lenders and loan options.
Evaluate Loan Options
You can conveniently access and compare loan offers in real-time through your application dashboard.

Our customer success team is available to review the loan details with you, empowering you to make an informed decision.
Vist Lender Branch
We'll help you schedule an appointment with the moneylender once you've decided on a loan option.

If you go with a moneylender, the assessment and funds disbursement must be completed in-person at their branch.
Completing the Loan Process
Once the loan details are finalised and the contract is signed, you'll receive a copy of the agreement.

The agreement will specify your monthly payment due dates and your loan amount will be released immediately.

Calculate your repayments

Loan Amount




3 Months

48 Months

Monthly Interest
Your Monthly repayment will be
Total Repayment


Total Interest


Types of Personal Loans

  • Overview

  • Moneylenders Basic

  • Tips & Hints

  • FAQ

Moneylender Considerations

To find the right moneylender, there are several factors that you need to consider. These include:

  1. Verify licensing and accreditation through the Ministry of Law registry. Legitimate lenders won't solicit loans via texts, social media, or calls. They meet face-to-face for verification.
  2. Read verified reviews on sites like Google to find moneylenders with consistently high ratings and experience. This helps identify trusted companies.
  3. Look for personalised loan offers tailored to your unique situation and repayment ability. The right lender will offer flexible terms to meet your needs and avoid late payments.

The best moneylenders are transparent, meet regulations, and provide personalized loans that fit your circumstances. Do your research to find one you can trust.

Finding a Reputable Money Lender in Singapore

Singapore has strict regulations on licensed money lenders to protect borrowers. However, illegal lenders still
operate without licenses. They often advertise via text messages or social media. Avoid these predatory options by
verifying licensing and watching for red flags.

Differences Between Licensed and Unlicensed Lenders

Licensed moneylenders must register with Singapore’s Ministry of Law. They provide a legal alternative to banks for
personal loans with faster approval and fewer restrictions.

Unlicensed lenders operate without licenses and oversight. They may seem convenient but often use predatory

What to Look for in a Licensed Lender

Reputable licensed lenders follow regulations:

  • • Interest capped at 4% monthly
  • • Late fees limited to 4% of overdue amount
  • • No asset seizure without court order
  • • In-person verification required
  • • Detailed contract explains all terms
  • • No upfront fees allowed

They conduct business at registered addresses during posted hours. Applications are done in person, not just online.

Red Flags to Watch Out For

Be wary of these suspicious practices:

  • • Advertising via text, email, social media
  • • Approving loans remotely without meetings
  • • Requests for government IDs or passwords
  • • Asking for upfront fees before dispersing funds
  • • Unable to provide company address
  • • Threats about late payments
Moneylender Checklist

When you need emergency funds quickly:

  • • Verify lender’s license on Ministry of Law registry
  • • Review company address and office hours
  • • Read all terms before signing contracts
  • • Never pay upfront fees
  • • Report suspicious lender practices

Avoid rushing into agreements without proper vetting. Take prudent steps to secure fast funding safely.

Apply Via Loan Marketplace

For 24/7 access to personal loans, use an online loan marketplace. ROSHI connects you to multiple banks and licensed
moneylenders through one simple online application.

Pre-approvals can take just minutes without affecting your credit score. However, final loans only get dispersed
after lenders conduct standard verifications. Rather than applying individually to each bank and moneylender, save
time and increase your chances of approval using ROSHI’s network of lending partners.

Verify License

Verify that the lender is licensed on the Ministry of Law registry. This ensures they follow regulations. Also review the lender’s company address and operating hours. Licensed lenders require in-person verification.

Read the Contract

Read and understand the entire loan contract before signing. Ask questions if anything is unclear. Interest is capped at 4% monthly for licensed lenders.

Avoid Upfront Fees

Never pay any upfront fees. Licensed lenders deduct fees from the approved loan amount.

Watch for Red Flags

Look out for red flags like lack of transparency, pressure tactics, or threats. Report any suspicious behavior.

Provide Accurate Information

Provide accurate personal and financial information on your loan application. This will help streamline the approval process.

What documents do I need to apply for a loan?

Singapore Citizens and PRs:

  • • NRIC or passport
  • • Utility or phone bill
  • • Income documents like payslips, CPF statements, or tax forms


  • • Valid employment pass
  • • Passport
  • • Tenancy agreement and utility bill
  • • Company appointment letter
  • • Recent payslips
  • • Salary bank statements
How long does the loan approval process take?

Submitting an online application generally takes minutes. Applicants typically receive a response on approval status within 1-2 working days. The full loan processing time is usually less than 48 hours.

When will I know if my loan is approved?

The lender will contact you directly once they have processed your application and made an approval decision. This is generally within 48 hours.

What if I can’t repay on time?

It’s imperative to contact the lender immediately if you foresee any issues with repaying on schedule. They can discuss extension options to work out a feasible plan. Note that late fees may apply in such cases.

Is my personal information secure?

Reputable lenders make protecting client privacy extremely important. They use the latest encryption and security measures to safeguard all confidential data.

How do I extend my loan?

To extend a loan, contact the lender before the due date. They will evaluate and discuss renewal options with you. Late fees apply if the extension is requested after the deadline.

Are there fees for early repayment?

There are generally no hidden charges or early repayment penalties from licensed lenders. However, always verify the terms first.

Can I take a new loan after repaying my current one?

Borrowers can usually apply for a new loan if they qualify based on eligibility criteria at the time, subject to regulations.

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