Updated March 18, 2025
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Max. Loan Amount (Singaporeans)
Max. Loan Amount (Foreigners)
Monthly Interest Rate
Today’s moneylender interest rate trends in Singapore – As of Tuesday, March 18th, 2025, moneylenders in Singapore are charging an average monthly interest rate of 3.98%
Raffles Credit is a top-rated licensed moneylender in Singapore, known for offering a wide range of loan products, including personal, payday, foreigner, business, bridging, CPF, and renovation loans. They stand out for their efficient approval process, often completed within 30 minutes, competitive interest rates, and transparent terms.
Recognised as one of the best licensed moneylenders of July 2024 by Loan Advisor, Raffles Credit is committed to customer satisfaction and secure transactions. Their well-designed website prominently displays their address, reinforcing their status as a legitimate moneylender.
| Moneylender | Max. Loan Amount (Singaporeans) |
Max. Loan Amount (Foreigners) |
Monthly Interest Rate | Google Reviews | ROSHI Approved
|
|---|---|---|---|---|---|
| Best Licensed Moneylender | 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 | |
| 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 | |
| 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 | |
| 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 | Close More Moneylenders |
*Today's Moneylenders Rates - 18 March 2025
To apply for a loan through Raffles Credit, you need to:
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.
Loans are often processed and approved within just 30 minutes, ensuring quick access to funds.
Offers a variety of loan products to cater to different financial requirements, from personal to business needs.
Provides clear and competitive interest rates with no hidden fees.
Features an easy online application process that requires minimal paperwork, making it convenient for borrowers.
The company emphasises the privacy and security of personal information with a professional website that clearly displays their address and location.
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