Best Licensed Money
Lender in Singapore 2022

  • Lowest Interest Rate
  • Valid Licenses and Listed on the Registry of Moneylenders
  • Highest Rated Legal Money Lenders


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Best for flexible payment plans

Best fast loan application in Singapore

Highly rated for efficient customer service

Best for new borrowers – amazing perks

Best fully customizable loans

Best hands-on approach to customer service

Our Top 6 Picks and Reviews of

The Best -Licensed Money Lenders in Singapore


A1 Credit SG Pte Ltd



Licensed No: 17/2022

Phone: 6336 0833

Address: 2 Havelock Road #02-08 Havelock II Singapore 059763

Operational Hours: Open every day including Saturdays & Sundays. Closed on Public Holidays.

What we like

A1 Credit is a great option for fast, friendly customer service – especially if you need quick personal loan disbursement. Personal loans can be also used for debt consolidation. What’s more, the moneylender has been in business since 2009, which means it has an excellent reputation as one of the top licensed moneylenders in Singapore.

Special features:

  • Flexible payment plans
  • Highly rated for customer service
  • Great location near Clarke Quay
  • Excellent short-term loan options available

Good to know:

  • Borrowers with bad credit ratings can still apply
  • For business loans, the company must be operated for at least 1 year.


365 Credit Solutions Pte Ltd



Licensed No: 19/2022

Phone: 6222 5500

Address: 14, Scotts Road, #03-63, Far East Plaza, Singapore 228213

Operational Hours: Open every day including Saturdays & Sundays. Closed on Public Holidays.

What we like

If convenience is important to you, 365 Credit Solutions might just be your perfect match. The company is open 7 days a week and you can drop by anytime. The licensed money lender also prides itself on offering “the easiest business loan in Singapore” – making it a great choice for busy businesses in need of a quick emergency cash flow boost.

Special features:

  • Applications can take less than one hour
  • Unsecured personal loans
  • Great for businesses that are short on time
  • Attractive rates up to 4% per month

Good to know:

  • Personal applicants must be over 18 and have a minimum monthly income of $1,500
  • Businesses need a minimum turnover of $60k to apply for business loan


Bugis Credit Pte Ltd

Bugis Credit Homepage Banner


Licensed No: 27/2022

Phone: 6345 9123

Address: 470 North Bridge Road #02-12 Bugis Cube Singapore 188735

Operational Hours: Open every day including Saturdays & Sundays; closed on Public Holidays.

What we like

If you value professional and efficient customer service, Bugis Credit is hard to beat – just look at its excellent online ratings and honest reviews written by real borrowers. Bugis Credit is widely praised for its reliability, its personal loan is super straightforward and the lender’s staff has an amazing reputation across the industry.

Special features:

  • A good choice for personal, unsecured loans
  • Attentive staff and professional service
  • Fast and hassle-free approval procedures
  • Fees are clearly documented and explained

Good to know:

  • You must be 18 years old above with a minimum income of $1,500 per month
  • An in-person meeting at their Bugis Cube office is required


1 Fullerton Credit Formerly Known As GM Credit

1 fullerton credit homepage 2022


Licensed No: 101/2022

Phone: 6588 1886

Address: 110A Telok Ayer Street Singapore 068579

Operational Hours: Mon – Fri: 10:30am – 8:00pm
Sat – Sun: 10:30am – 5:00pm (Closed on Public Holidays)

What we like

What we like: 1 Fullerton Credit offers generous loan tenors to business and personal borrowers. Traditional banks also offer repeat borrowers more flexible policies, as well as a better interest rate. However, GM Creditz is perfect for new borrowers and those with poor credit scores too. Speak to their helpful staff and you’ll almost certainly find a solution.

Special features:

  • Superb location
  • Loans available for customers with lower credit scores
  • Open 7 days a week
  • Amazing perks for returning borrowers

Good to know:

  • Personal borrowers must be 18 years old and earning $1,500 per month
  • Borrowers need to meet with GM Creditz in person before their loan is approved


Raffles Credit Pte Ltd

Raffles Credit Website Home banner


Licensed No: 58/2022

Phone: 6235 1788

Address: 17A Circular Road Singapore 049373

Operational Hours: Open every day including Saturdays & Sundays; closed on Public Holidays.

What we like

The Raffles name is virtually synonymous with Singapore itself and this long-established licensed money lender is widely considered one of the top licensed money lenders in Singapore. We love Raffles Credit’s fully customizable personal loan, other loan options, and its attractive interest rate. What’s more, its prestigious reputation is one of the best in town.

Special features:

  • Convenient Raffles Place location
  • Fully customizable loans available
  • Excellent interest rate across the whole product range
  • Amazing reviews from honest borrowers

Good to know:

  • Personal borrowers can only apply for loans up to 6x their monthly income
  • Business loans are only available to companies earning at least $60k


Fortune Credit Pte Ltd


Licensed No: 33/2022

Phone: 6777 1887

Address: 67 Beach Rd #01-01 Bulkhaul House, Singapore 189688

Operational Hours: Open every day including Saturdays & Sundays. Closed on Public Holidays.

What we like

What we like: Fortune Credit’s strategic Bugis Cube location and hands-on approach to customer service make it a great choice for first-time personal borrowers or businesses who want to be discreet when you encounter financial difficulties. It also allows business and personal borrowers to flexibly customize their monthly installment loans and tenors.

Special features:

  • Diverse loan portfolio on offer
  • Flexible approach to borrowing
  • Competitive interest rate on all loans
  • Attentive customer service as proven in customer reviews

Good to know:

  • Businesses must be earning at least $60k in order to apply for business loan
  • Personal borrowers must be earning at least $1,500 per month and be over 18 years old

How Does Moneylender Review

Assist You with Loan Applications?

Here at Moneylender Review, we take the hassle out of comparing moneylenders. We curate the best licensed money lenders in Singapore. Plus, our unbiased moneylender review directory will help you find the most competitive rates and reliable services to meet your financial needs.

We equip you with all the information and know-how you need to borrow money more effectively. On top of this completely free information, we also make loan applications fast and easy.

3 Steps To Apply:

Step 1 : Simply fill in a loan application form. Provide your name, phone number, and Moneylender Review will take care of the rest.

Step 2 : Receive your personalized loan quotes. We will match up your unique needs with the best loans currently available from licensed money lenders in Singapore.

Step 3 : Visit the licensed money lender office to sign the papers and secure your loan.


Submit a loan
application form


Receive your personalized
loan quotes


Visit the Licensed Moneylender
office to sign the papers and
secure your loan!

It just takes 5 minutes to complete the form to get FREE loan quote!


Things You Must Know

When Choosing The Best Money Lender

When you need fast cash to pay for emergencies, unexpected car repairs, or other expenses, it’s necessary to trust only a credible licensed moneylender in Singapore. Here are ways to find the best moneylenders:

Check the Registry of Moneylenders

Verify their license and credibility by checking whether they are listed on the Registry of Moneylenders. You can find the complete list of licensed lenders on the Ministry of Law’s website.

The Licensed Money Lender Reputation

Aside from being a licensed lender, the loan provider must also have a strong lending background. Choose a lending company with years of experience in the industry. Additionally, take your time in reading reviews and feedback of current borrowers.

Loan Request and Approval

Aside from comparing loan plans, you must also consider how fast the moneylender can process your loan application. The lending company must be able to provide you with the best deal with fast processing.

Interest Rates

Interest rates may vary between legal moneylenders. That said, you need to compare the interest rates before making a decision. Here at Moneylender Review, we offer up to three loan quotes for free so you will not have to inquire from one lender to another.

Flexible Loan Repayment Plan

You need to discuss with your loan provider the repayment terms. This may affect your ability to repay the loans fully. Some lenders may offer negotiable repayment conditions. So take your time and talk to your lender of choice.

Loan Services and Products

Some licensed moneylenders can give you personalized and best deals as well as rates to suit your financial needs. Once you’ve reviewed their license, reputation, credibility, and terms and conditions, take a look at their products and services.


Recent Customer Reviews

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Guidelines in
Singapore 2022

All licensed moneylenders in Singapore are regulated by the Registry of Moneylenders. They meet the terms and regulations laid down by the Moneylenders Rules. That said, accredited and credible lenders follow a set of fixed moneylending guidelines in Singapore.

Guidelines for Maximum Loan Amount

Licensed moneylenders in Singapore can offer any loan amount for secured loans. For unsecured loans, the total maximum loan amount borrowers may obtain will depend on their annual income.

Singapore citizens and permanent residents with an annual income of at least S$10,000 but less than S$20,000 can borrow up to S$3,000. Those with an annual income that exceeds S$20,000 may borrow up to six times their monthly income.

On the other hand, foreigners residing in Singapore with an annual income of less than S$10,000 may borrow up to S$500 while those earning at least S$10,000 annually can borrow up to S$3,000 foreigner loans. However, those earning at least S$20,000 yearly can borrow up to six times their monthly income.

Guidelines for Interest Rates

As of 1 October 2015, licensed money lenders are only allowed to charge a maximum interest rate of 4% per month. This cap applies regardless of the borrower’s income and whether it is a secured or unsecured loan. The interest charged on the loan must be based on the outstanding balance.

Additionally, the maximum rate of late interest a legal lender can charge is 4% per month for each month the loan is repaid late. The late interest can only be charged on the amount that is repaid late. This means the lender cannot charge on amounts that are outstanding but not yet due to be repaid.

Guidelines for Fees and Charges

Effective 1 October 2015, all licensed money lenders are only permitted to impose the following fees and charges:

  • An administrative fee not exceeding 10% of the principal loan amount when the loan is granted.
  • A late fee of not more than S$60 for each month the loan is repaid late.
  • Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

It is important to note that the total fees must never exceed the principal sum of the loan.

Guidelines for Advertisements

Effective on 1 November 2011, the advertising rules state that licensed money lenders are permitted to advertise only through these channels:

  • Business or consumer directories – both in print or online media
  • Official business websites belonging to the moneylender
  • Advertisements placed within or on the exterior of the moneylender’s place of business

All other channels are prohibited.

That said, if you receive flyers, SMS, emails, or other forms of advertisements that are not permitted under the advertising rules, these are from unlicensed moneylenders or lenders operating in violation of the rules.


Frequently Asked Questions

How do I avoid applying for loans with unlicensed money lenders?

How long do loans take to approve?

How much is the average interest rate?

What fees might money lenders charge?

How do I know if the money lender is licensed?

Will this impact my credit score?

What Should I Look Into When Compare Loans?

What is my affordability in repaying the loan?

What is the purpose of applying for a loan?

Can I Rely on the Content of an Advertisement To Take Up a Loan From a Moneylender?

In the Event That I Am Standing as a Surety for a Loan, What Should I Look Out For?

What Is the Requirement To Apply for a Loan From Licensed Moneylenders?

What Should I Do After Being Granted a Loan?

How Do I Lodge a Complaint Against a Moneylender Against Unfair Practices and/or Contract?

What other things should I consider before applying for a loan?