List of Licensed Money Lenders in Singapore 2023

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Why MoneyLender Review?

We’ve taken the hassle out of comparing moneylenders. Our unbiased Moneylender Review directory will help you find the most competitive rates and reliable services to meet your financial needs.


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Honest, Unbiased Reviews and Borrowing Advice


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How to tell whether you’re dealing with a

Licensed or Unlicensed Moneylender


  • Advertisement: Promote through legal platforms, such as websites, within or outside the office, and directories.
  • Loan contract: Discuss your loan contract in person before disbursing your cash
  • Loan amount: Approve up to 6 times your monthly salary for an unsecured loan.
  • Interest rates: Charge permitted fees per month, which is 1-4% only.
  • Charges & fees: Impose the following permitted fees: $60 for each month of late repayment, 10% of the principal of the loan when a loan is granted, and legal costs.
  • Approving of loan: Approve your loan with due diligence by checking your documents such as income tax and payslips


  • Advertisement: Broadcast through text message, flyers, emails, and other forms of advertisements.
  • Loan contract: Ask you to sign a blank or incomplete Note of Contract for the loan.
  • Loan amount: Approves more than the total maximum amount, which is up to 6x the borrower’s monthly income for an unsecured loan.
  • Interest rates: Charge more than 4% per month.
  • Fees: Withhold a part of your principal loan amount for any reason.
  • Private Data: Asks for your SingPass user ID and/password; retain your personal identification documents, such as NRIC card, driver’s license, or ATM card.


Frequently Asked Questions

Can I pay off my loan early?

What are the minimum and maximum loan repayment periods?

What Should I Look Into When Compare Loans?

What Are the Interest Rates Moneylenders Can Charge?

How Much Can You Borrow?

What Should I Do After Being Granted a Loan?

What Are the Fees That Moneylenders Can Charge?

How Do I Know Whether a Moneylender Is Licensed or Not?