Updated October 7, 2024
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Terms & Conditions
Max. Loan Amount (Singaporeans)
Max. Loan Amount (Foreigners)
Monthly Interest Rate
Today’s moneylender interest rate trends in Singapore – As of Monday, October 7th, 2024, moneylenders in Singapore are charging an average monthly interest rate of 3.78%
Best Licensed Moneylender Ltd is highly praised with 627 Google Reviews noting its swift and efficient loan processing. Customers appreciate the transparent terms, competitive interest rates, and a wide range of loan products. The user-friendly online application ensures quick approvals and secure transactions. The customer-centric service ensures personalised support and flexible repayment plans. With a commitment to privacy and convenience, Best Licensed Moneylender Ltd stands out as a reliable financial partner in Singapore
| Moneylender | Max. Loan Amount (Singaporeans) | Max. Loan Amount (Foreigners) | Monthly Interest Rate | Google Reviews |
|---|---|---|---|---|
| Best Licensed Moneylender | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 |
| 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 |
| 1 2 Lend | 6 times monthly income | 6 times monthly income | 1-4% | 5.0 |
| 118 Credit | 6 times monthly income | 6 times monthly income | 1-4% | 4.9 |
| 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 |
| EZ Loan | 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 - 7 October 2024
To apply for a loan with Best Licensed Moneylender Ltd, applicants must:
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
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]
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 loan offers in real-time through your application dashboard. Our customer success team is available to discuss loan details.
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.
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.
Customers praise the efficient and quick loan processing, with many noting the seamless and speedy disbursement of funds.
A wide range of loan products is available to meet various financial needs, including personal, payday, business, and debt consolidation loans.
Many online reviews highlight the transparent and affordable interest rates, making it a cost-effective option.
The online application process is simple and straightforward, reducing the hassle of paperwork.
Ensures the privacy and security of personal information, with customers appreciating the safe and secure handling of their data.
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