111 Credit Moneylender
(Product Review)

3.92%

Monthly Interest Rate

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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

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

111 Credit is a licensed moneylender at Lucky Plaza in Orchard. Licence 44/2026. They have been operating since 2009 and say they have served over 8,600 customers.

Interest rates for unsecured personal loans can go up to 3.92% per month over 12 months while the legal cap is 4% so they sit near the top. Borrow S$3,000 and you pay around S$700 to S$750 in interest. The processing fee takes up to 10% off the top so you might receive S$2,700 but still repay on the full S$3,000. Monthly that's roughly S$310 a month over 12 months.

Debt consolidation is their better product, interest rates start from 2.88% per month and tenures up to 24 months. That is longer than most lenders offer so the monthly amount is easier to repay

Business loans go up to S$150,000 from 4.28% per month. That sits above 4% because business lending is not held to the same cap as personal loans.

Every rate is quoted as "from" or "up to" so what you get depends on your income and your MLCB record. Their 90% approval rate and 25 minutes processing time are their own numbers which might be a marketing claim.

Current Moneylender Interest Rate Trends

Today’s moneylender interest rate trends in Singapore – As of Wednesday, August 12th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.94%

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$20 Grocery Voucher*

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Total Cashback

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Your monthly payment

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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

Abm Creditz Singapore

Address

3.9%

Grocery Vouchers

Up to 1% Cashback

4.9  

$1,059.35

JD Credit

Address

3.92%

5.0  

$1,060.58

Horison Credit

Address

3.92%

4.9  

$1,060.58

Dio Credit

Address

3.92%

5.0  

$1,060.58

AVIS CREDIT

Address

3.92%

4.9  

$1,060.58

365 Credit Solutions

Address

3.92%

5.0  

$1,060.58

All lenders verified against Ministry of Law registry. Last updated: August 12 2026.

111 Credit Application Requirements

To apply with 111 Credit you need:

• To be at least 18 years old
• NRIC if you are a Singaporean or PR or passport plus a valid work pass if you are a foreigner
• Proof of income for the last 3 months, CPF contribution history, computerised payslips, bank statements showing your salary going in or your latest IRAS Notice of Assessment
• Your latest IRAS Notice of Assessment if you are self-employed
• Proof of address if you are a foreigner. A tenancy agreement or utility bill works
• To be able to go down to their Lucky Plaza office in person