Singapore best financial solution
We are here to help you to make the SMART decision. We have helped you to compare licensed moneylenders and credit cards in Singapore.
Since we already have the answer, allow us to help you save time and money.
Drop us your application and we will send you the best money lenders in Singapore or the best credit card deal right now!
Not to worry, there are no charges involved for you.
101% Free of Charge 😉
Our platform is here for you to make full use. It is simple and easy to use and most important, it is free!
We will only provide licensed and legal money lender operating in Singapore for your financial needs. Rest assured that any company that we provide you are licensed by Ministry of Law. Any information that we provide you, you can verify on Ministry of Law's website.
Any information that you provide us will be kept private and confidential. There will be no information sharing with anyone outside of our company.
Hello from us 😉
We have sourced for the lowest interest personal loan from Legal Money Lender in Singapore.
We do not represent any particular lender nor do we advertise their company on our website.
Our research team's target is to source out which licensed moneylender provides the following:
- Best Personal Loan
- Low Interest Loan
- Excellent Services
- Convenient Location
Looking for a personal loan at low interest and monthly repayments?
Best Moneylender Directory
in Singapore
Apply now for a quotation
Applicable for Singapore and PR only
Licensed money lender is an authorised lender that provides loans apart from your traditional banks.
Licensed money lenders can offer unsecured loans as low as $100. This is very different from banks which often have a minimum amount of $10,000.
Yes and no. Anyone can claim to be a licensed money lender. You however, will have to do your due diligence by checking if they are who they claim to be.
You can verify what you are being told on Registry of Moneylenders. Ministry of Law updates this list regularly so please be very careful if any of the details being told to you is different from what you see on Ministry of Law. Please ensure that the company name, license number and office address is correct before heading down.
Unfortunately as of January 2020, the law still requires face to face verification.
If anyone claims that they are able to provide you with a loan through transfer, please note that these are illegal lenders aka loansharks. Do not deal with them, do not provide them with any information.
As of January 2020, the maximum interest rate any legal money lender can charge you is 4% per month.
Licensed Money lenders are permitted to impose the following charges:
According to the Ministry of Law, the credit limit is capped at a total of 6 times of the borrower’s monthly income. This is provided if your annual income is more than $20,000.
If your annual income is less than $10,000 you can loan up to $3,000.
They can offer a variety of term plans from weekly loans to monthly repayment loans.
Duration of each loan can vary between 1 month to 12 months. This will depend on your discussion with the money lender.
Some of the basic requirements include:
The minimum that you will be required to bring are:
You can also check with the company if they require any other documentation from you before heading down to the office.
Simply fill in the form above, and our system will match the best moneylender to you. Our consultant will then contact you for further discussion.
You will be required to visit the licensed moneylender’s office personally.
Firstly, you will need to fill in an application form. This is to allow the loan consultants to run a report and check the necessary documents. This form does not mean that you have taken the loan. It simply authorise them to conduct their credit assessment to comprehend your financial condition.
Secondly, after all the credit checks have been done, the loan consultant will then work out a suitable loan repayment plan for you.
Thirdly, the contract will be created and both you and the loan consultant will sign the loan agreement.
Last of all, the loan consultant will then disburse cash to you.
There is a huge variety of loans on offer.
For any reason that you may need a loan, the money lenders that we have found will be able to customise it for you even if it is not listed above.
All repayment dates will be clearly stated in the loan agreement. Additionally, we have requested for the companies to send you a reminder beforehand. This is to ensure that you make the necessary payment on time and thus not incurring any late charges.
You can do so by:
If you’re having troubles with your payment, always notify the company ASAP. You can work out a new payment plan with them.
Please note that there will be late charges involved in the event of late payment.
In the event where the borrower becomes uncontactable, the lender may send a debt recovery team to your residential address.
In addition, they can also take legal action against you by engaging a lawyer.
To prevent such troubles, always make sure your payment is done on time. And if you are having any problems at all, always speak to the company to try and work something out.
In case, you find yourself in overwhelming debt with several financial institutions, here are the following options you can consider:
Newsroom
Latest Financial News and Tips
Singapore is a place where about 4% of taxpaying citizen acquire a salary of SGD 100,000 before the age of 25, while 20% of earning people reach the amount during their early thirties. Earning a six-figure salary requires years of diligent work and gaining experience in the line of work that you choose for yourself.…
What are Specified Investment Products (SIP) in Singapore Investment vessels in the market are in different shapes and sizes. Some of them are easier to learn from a short term experience, and some of them can be worked out with the help of investment brokers. There are, however, some of the investment schemes that will…
Coronavirus aka Covid 19 in Singapore Covid 19 also known as coronavirus has affected every citizen in Singapore one way or another. From April 7 2020, Singapore was placed on circuit breaker. Many Singaporeans have also referred to it as a lockdown as many things had to stop. All non essential services had to stop…