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Soon Seng Credit

Soon Seng Credit Review
(Product Review)

By Dawn Chew Soon Seng Credit

Updated January 6, 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 Tuesday, January 6th, 2026, moneylenders in Singapore are charging an average monthly interest rate of 3.83%

    Soon Seng Credit Product Review

    Compare Loan Offers
    from 20+ Lenders
    Up to 1% Cashback*
    $20 Grocery Voucher*
    Quick 5 Minutes Approval

    $1,000

    $200,000

    3 Months

    72 Months

    Total Cashback

    10

    Your monthly payment

    337

    Rate Disclaimer*

    *Based on a $20,000 loan at 6.95% APR over 5 years, read more

    Soon Seng Credit is a licensed moneylender located in Chinatown, Singapore, with over 27 years of experience in the industry. Registered with the Ministry of Law, they have earned the trust of over 8,500 satisfied customers, disbursing more than $44 million in loans. Soon Seng Credit offers a wide range of financial solutions, including personal, business, renovation and medical loans. Known for their transparent terms, personalized service and quick processing, they are recognized as the highest-reviewed moneylender in Chinatown, prioritizing confidentiality and customer satisfaction.

    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
    Credit Culture
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    Cashmax Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    A1 Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Katong Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    Valuemax
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.6  
    $1,060.58
    Check Eligibility
    JNB Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    4.9  
    $1,060.58
    Check Eligibility
    EZ Loan
    Address
    1.99%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $945.02
    Check Eligibility
    KST Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Credit Excel Capital
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    3.9  
    $1,060.58
    Check Eligibility
    HS Credit
    Address
    3.92%
    Grocery Vouchers
    Up to 1% Cashback
    5.0  
    $1,060.58
    Check Eligibility
    Show All Lenders

    *Today's Moneylenders Rates - 6 January 2026

    Soon Seng Credit Application Requirements

    Applying for a loan at Soon Seng Credit is straightforward and accessible.

    Eligibility Criteria:

    • Be at least 18 years old.
    • Be a Singapore Citizen, Permanent Resident or foreigner with valid documentation.

    Documents Required:

    • NRIC, FIN or Passport.
    • Proof of residence (e.g., utility bill, tenancy agreement).
    • Proof of employment or income (e.g., payslips, CPF statements or Notice of Assessment).

    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.

    Soon Seng Credit Highlights

    • 27 Years of Experience

      Trusted by thousands of clients across Singapore.

    • Fast Loan Approval

      Quick and efficient processing for urgent financial needs.

    • Wide Range of Loan Options

      Offers personal loans, business loans, medical loans, renovation loans and more.

    • Transparent Terms

      No hidden fees and clear repayment plans.

    • Customer-Centric Approach

      Professional and personalized services tailored to individual needs.

    Frequently Asked Questions

    Is Soon Seng Credit a licensed moneylender?

    Yes, Soon Seng Credit is registered with the Ministry of Law in Singapore.

    How fast can I get my loan approved?

    Loan approvals are typically processed on the same day, ensuring quick access to funds.

    What types of loans does Soon Seng Credit offer?

    They provide personal, business, renovation, medical, study and other specialized loans.

    What documents do I need to apply for a loan?

    Applicants need to provide their NRIC/Passport, proof of residence and proof of income (e.g., payslips, CPF statements or NOA).

    Where is Soon Seng Credit located?

    Soon Seng Credit is located at 1 Park Road, People’s Park Complex #01-21, Singapore 059108.