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1 2 Lend Review

1 2 Lend Review
(Product Review)

By Dawn Chew 1 2 Lend Review

Updated January 5, 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 Monday, January 5th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.98%

    Product Review

    1 2 Lend offers a wide range of short-term personal loans designed to meet various financial needs. Whether you’re planning a home renovation, a family vacation or need funds for unexpected expenses, the licensed moneylender provides a fast and seamless borrowing experience.

    With a low admin fee of 3.5%, the moneylender ensures you can access the funds you need without excessive costs. Known for its commitment to transparency, efficiency and customer satisfaction, 12Lend simplifies the loan application process with an easy online form, allowing for quick approval and disbursement of funds. Loan terms range from 1 to 12 months, giving you the flexibility to choose a repayment schedule that best suits your financial situation.

    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
    GS Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    SG Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.0  
    $1,060.58
    Check Eligibility
    Vera Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Swift Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    I Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Bugis Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Dio Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Raffles Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Magnus Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.8  
    $1,060.58
    Check Eligibility
    Winz Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 5 January 2026

    1 2 Lend Application Requirements

    To apply for a loan with 1 2 Lend, applicants need to meet the following criteria:

    • Be at least 21 years old.
    • Singapore Citizens, Permanent Residents and foreigners with valid Employment Passes or Work Permits are eligible.
    • Provide identification documents (NRIC or passport), proof of income (recent payslips, CPF statements or bank statements) and employment verification.
    • Complete the application process online or in person at a 12Lend branch for secure and efficient loan approval.

    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.

    1 2 Lend Highlights

    • Low Admin Fees

      With a flat 3.5% admin fee, 1 2 Lend ensures that the cost of borrowing remains low, providing excellent value compared to many other lenders.

    • Fast and Easy Online Application

      1 2 Lend’s online loan application process is straightforward and quick. Approval is often granted on the same day, so you can access funds quickly.

    • Flexible Loan Terms

      Loan terms range from 1 to 12 months, giving you the flexibility to choose a repayment plan that aligns with your financial situation.

    Frequently Asked Questions

    Is 1 2 Lend a licensed moneylender?

    Yes, 1 2 Lend is a fully licensed moneylender under the Ministry of Law in Singapore, operating within a legal framework that adheres to all regulatory standards and guidelines

    What are the interest rates and fees associated with 1 2 Lend loans?

    1 2 Lend offers a competitive flat interest rate of 4.0% on its loans, along with a flat admin fee of 3.5%. This ensures that you can borrow money at a reasonable cost.

    What types of loans does 12Lend offer?

    1 2 Lend offers a variety of short-term personal loans, including options for home renovations, vacations and other personal financial needs. Loan terms range from 1 to 12 months, giving borrowers the flexibility to manage your repayments.

    How quickly can I get my loan approved?

    1 2 Lend provides a fast and efficient loan approval process, with most applications being approved within the same day. This allows you to access the funds you need quickly.

    What documents do I need to apply for a loan with 1 2 Lend?

    You will need to provide identification documents (NRIC or passport), proof of income (such as recent payslips or CPF statements) and employment verification. These documents help to ensure that your loan application is processed smoothly and quickly.

    EXTERNAL REVIEWS

    Moneylender Review

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