Moneylenders2019-04-16T19:39:56+08:00

How much would you like to borrow?

What should I consider before taking up a loan?2018-02-12T14:50:05+08:00

Before approaching a licensed moneylender, have you consider other alternatives, such as  various financial assistance schemes offered by various Government agencies.
You may refer to onemoney.com.sg and contact the agencies to find out more about their schemes.

  • You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
  • Consider whether you are able to abide by the contractual terms, bearing in mind your income and financial obligations. Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
  • The law requires moneylenders to explain the terms of a loan to you in a language you understand and to provide you with a copy of the loan contract. Make sure you fully understand the terms of the contract, in particular, the repayment schedule, the interest rate charged and the fees applicable.
  • Consider carefully before agreeing to any contractual term which allows a moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment. When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full. If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.
  • You should shop around different moneylenders for the most favourable terms.
  • You should not rush into and commit yourself to a loan until you are satisfied with the terms and conditions.
How much can I borrow?2018-02-07T09:32:20+08:00

For secured loans, you can obtain a loan of any amount.

For unsecured loans, you can obtain:

  • Up to S$3,000, if your annual income is less than S$20,000
  • Up to 2 months’ income, if your annual income is S$20,000 or more but less than S$30,000
  • Up to 4 months’ income, if your annual income is S$30,000 or more but less than S$120,000
  • Any amount, if your annual income is $120,000 or more.

 

Updated on 4 August 2017
What are the interest rates moneylenders can charge?2018-02-12T14:32:56+08:00

The maximum interest rate moneylenders can charge is 4% per month.
This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one.

If a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

The computation of interest charged on the loan must be based on the amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower which are appropriated to principal.

Example 1: If you takes a loan of $10,000, and has repaid $4,000, only the remaining $6,000 can be taken into account for the computation of interest.

Example 2:  If you takes a loan of $10,000, and fails to pay for the first instalment of $2,000, late interest will be charged on $2,000 only and not on the remaining $8,000 as it is not due yet.

What are the fees that moneylenders can charge?2018-02-07T10:18:58+08:00

All licensed moneylenders are only permitted to impose the following charges and expenses:

  • A fee not exceeding $60 for each month of late repayment
  • A fee not exceeding 10% of the principal of the loan when a loan is granted
  • Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

Example: If you takes a loan of $10,000, then the interest, late interest, 10% administrative fee and monthly $60 late fees cannot exceed $10,000.

How do I know whether a moneylender is licensed or not?2018-02-12T14:51:33+08:00

Do not borrow from unlicensed moneylenders.
Verify that a moneylender is licensed by checking the list of licensed moneylenders.
Click here to access the list of licensed moneylenders (OneMoney.com.sg)
Click here to access The Registry of moneylenders

If you are being harassed via telephone, SMS or e-mail by illegal moneylenders you can file a complaint to stop it.
The police are in charge of investigating scams such as unlicensed moneylending, scam messages, online betting and other general crimes.

  • File a police report through the Electronic Police Centre
  • The National Crime Prevention Council’s (NCPC) ‘X Ah Long’ Hotline at 1800-924-5664 (1800-X-AH-LONG)
How can I tell whether an advertisement is from a licensed moneylender or an unlicensed moneylender?2018-02-12T15:09:03+08:00

Licensed moneylenders are permitted to advertise only through these three channels:

  1. business or consumer directories (in print or online media)
  2. websites belonging to the moneylender
  3. advertisements placed within or on the exterior of the moneylender’s business premises.

All other channels are prohibited.

If you receive flyers, SMSes, emails or other forms of advertisements which are not permitted, these would either be from licensed moneylenders operating in breach of the advertising restrictions, or from unlicensed moneylenders.

Hence, you are advised not to respond to such advertisements.

Instead, you should report the advertisements by providing a proof of the advertisements (for SMS – a screen capture) to the Registry of Moneylenders or to the Police.

You can contact the Registry of Moneylenders at telephone number: 1800-2255-529.

Can I rely on the content of an advertisement to take up a loan from a moneylender?2018-02-12T15:09:04+08:00

You must seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender.
Do not rely solely on the content of advertisements from the moneylender.

What Should I Do after being granted a loan?2018-02-12T15:14:08+08:00

You are legally bind to fulfil any loan contract you enter into with a licensed moneylender.

Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.

  • Make sure the moneylender delivers to you the correct principal amount of the loan.
    The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan instalments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a dated and signed receipt every time you repay your loan or pay any fees in cash, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every 6 months, and check it for correctness (e.g. name, amount, date)
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.
What should I do if the service level and practices of a moneylender is not acceptable?2018-02-12T15:14:19+08:00

Rules governing licensed moneylenders in Singapore are constantly improvising to encourage good business practices and better business models that can benefit borrowers.

Be mindful if they:

  • Use abusive language, or behave in a threatening manner towards you.
  • Ask for your SingPass user ID and/or password.
  • Retain your NRIC card or any other personal ID documents (e.g. driver’s licence, passport,work permit, employment pass or ATM card).
  • Ask you to sign on a blank or incomplete Note of Contract for the loan.
  • Grant you a loan without giving you a copy of the Note of contract for the loan and/or without properly explaining to you all the terms and conditions.
  • Grant you a loan without exercising due diligence (e.g. approving a loan over the phone, SMS or email before even receiving your loan application form and supporting documents, such as the income tax assessment and payslips).
  • Withhold any part of your principal loan amount for any reason.

Such practices are not acceptable.

If you encounter them, you should report the moneylender to the Registry of Moneylenders at telephone number: 1800-2255-529.

  • Rest assured that the Registry will not disclose your details to the moneylender without your consent.
  • To facilitate the Registry to investigate your complaint, you may need to attend an interview with our officers and provide us with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender.
  • The Registry views complaints against moneylenders seriously and will investigate them thoroughly.
  • Errant moneylenders will be taken to task.

 

  • If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act.
  • The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.
How do I lodge a complaint against a moneylender against unfair practices and/or contract?2018-02-12T15:14:25+08:00

You can contact the Registry of Moneylenders at telephone number: 1800-2255-529.

Rest assured that the Registry will not disclose your details to the moneylender without your consent.

To facilitate the Registry to investigate your complaint, you may need to attend an interview with our officers and provide them with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender.

The Registry views complaints against moneylenders seriously and will investigate them thoroughly.

Errant moneylenders will be taken to task.

If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act.

The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.

In the event that I am standing as a surety for a loan, what should I look out for?2018-02-12T15:14:30+08:00

You should ensure that:

  • You understand your responsibilities as a surety
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower
  • The moneylender has explained the terms in the Note of Contract in a language that you understand
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).

The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).

What is a Caveat?2018-02-07T09:34:41+08:00

A caveat is a legal document lodged with the authority by a person with an interest in land or property.
The effect of a caveat is to prevent any further or contradictory dealings with the property from being registered, serving as a “chope” to that property.

Consider carefully before agreeing to any contractual term which allows a licensed moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment.

When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full.

If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.

Do you really need a loan today?

It can be expensive to taking up a loan and borrowing may not solve your financial problems.
If you really need to borrow, borrow only what you need that you can repay.
Do Not Borrow to pay off another debt.

Check out other financial assistance schemes

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We’ll keep your financial information and contact details completely confidential, known only to OneMoney.com.sg, and to our qualified credit providers.

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Our qualified credit providers are committed to tailor the loan according to your needs and affordability and we’ll support you when you need help

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Get your loan approved in 3 simple steps

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Find the best loan with OneMoney.com.sg, just leave your detail by clicking the Apply button.

Step 2

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Step 3

Licensed moneylender will make confirmation with you and get you your cash loan within the day.

OneMoney.com.sg - Loan from Licensed Moneylender

Loan from Licensed Moneylender

UPDATED AS OF 01 April 2019

S/No. Business Name Business Address Licence No. Landline number Business Url
1101 CREDIT PTE. LTD. 101, UPPER CROSS STREET, #01-24, PEOPLE'S PARK CENTRE, SINGAPORE 058357 35/2019 62381018http://www.101personalloan.com.sg
21133 MONEYLENDERS PTE. LTD. 262, BALESTIER ROAD, #01-02, OKIO, SINGAPORE 329714 95/2018 65561133http://www.1133moneylenders.sg
31AP CAPITAL PTE. LTD. 10, ANSON ROAD, #01-38A, INTERNATIONAL PLAZA, SINGAPORE 079903 84/2019 65335335-
41ST CAPITAL PTE. LTD. 304, ORCHARD ROAD, #04-1A/2, LUCKY PLAZA, SINGAPORE 238863 4/2019 67347700http://www.1stcapital.com.sg
51ST CREDIT SG PTE. LTD. 149, ROCHOR ROAD, #01-07, FU LU SHOU COMPLEX, SINGAPORE 188425 90/2018 62665422http://www.moneylenderhub.com
61ST LG CREDIT PTE. LTD. 304, ORCHARD ROAD, #02-29, LUCKY PLAZA, SINGAPORE 238863 58/2018 62996654http://www.moneylenderpro.com
7365 CREDIT SOLUTIONS PTE LTD 14, SCOTTS ROAD, #03-64, FAR EAST PLAZA, SINGAPORE 228213 12/2019 62225500http://www.365credit.com.sg
896BM CREDIT PTE. LTD. 883, NORTH BRIDGE ROAD, #01-13, SOUTHBANK, SINGAPORE 198785 70/2019 62935851-
9A1 CREDIT SG PTE. LTD. 2, HAVELOCK ROAD, #02-08, HAVELOCK2, SINGAPORE 059763 17/2019 63360833-
10ABI CREDIT PTE LTD 185, TOA PAYOH CENTRAL, #01-320, SINGAPORE 310185 13/2019 63379719http://www.abicredit.sg
11ABK LEASING PTE. LTD. 13, NORTH BRIDGE ROAD, #01-3984, GOLDEN BEACH VISTA, SINGAPORE 190013 88/2019 62242224-
12ABM CREDITZ SINGAPORE PTE. LTD. 1, PARK ROAD, #01-12, PEOPLE'S PARK COMPLEX, SINGAPORE 059108 69/2019 67373392-
13ACCREDIT PTE. LIMITED 503, TAMPINES CENTRAL 1, #01-315, SINGAPORE 520503 51/2019 62260510http://www.accreditloan.com
14ADVANCE CASH CREDIT PTE. LTD. 304, ORCHARD ROAD, #04-12/13, LUCKY PLAZA, SINGAPORE 238863 62/2018 62500848http://www.advancecashcreditonline.com.s g
15ADVANCE PLANNERS CREDIT SG PTE. LTD. 220, ORCHARD ROAD, #01-08, MIDPOINT ORCHARD, SINGAPORE 238852 83/2019 62351788-
16AERO CREDIT PTE. LTD. 810, GEYLANG ROAD, #02-15, CITY PLAZA, SINGAPORE 409286 76/2018 62566319http://www.aerocredit.com.sg
17AK CREDIT CORPORATION PTE. LTD. 2, HAVELOCK ROAD, #01-16, HAVELOCK2, SINGAPORE 059763 147/2018 65359989http://www.akcredit.com.sg
18AKB MONEYLENDERS PTE. LTD. 69, JALAN BESAR, SINGAPORE 208815 75/2019 62386116-
19ALLES AUTOS CREDIT PTE. LTD. 133, NEW BRIDGE ROAD, #01-34, CHINATOWN POINT, SINGAPORE 059413 96/2018 65330300http://www.allesautoscredit.com
20ALPHA 8 PTE. LTD. 449, CLEMENTI AVENUE 3, #01-265, SINGAPORE 120449 67/2019 67333081-
21ANDAL ENTERPRISE PTE. LTD. 50, TAGORE LANE, #04-11A2, ENTREPRENEUR CENTRE, SINGAPORE 787494 62/2019 90027406-
22AR CREDITZ PTE. LTD. 2, HAVELOCK ROAD, #01-21, HAVELOCK2, SINGAPORE 059763 115/2018 64633302-
23ART CREDIT PTE. LTD. 238A, SERANGOON ROAD, #02, SINGAPORE 218085 68/2019 62922448-
24AVIS CREDIT (SG) PTE. LTD. 185, TOA PAYOH CENTRAL, #01-344, SINGAPORE 310185 59/2019 68832017-
25BAN KING CREDIT (S) PTE. LTD. 705, ANG MO KIO AVENUE 8, #01-2563, SINGAPORE 560705 59/2018 67437701http://www.sgmoneylender.sg
26BEST CREDIT SG PTE. LTD. 372, BUKIT BATOK STREET 31, #01-374, (Level 2), SINGAPORE 650372 119/2018 62725538http://www.bestcredit.sg
27BLISS CREDIT PTE. LTD. 11, COLLYER QUAY, #03-24, THE ARCADE, SINGAPORE 049317 133/2018 63271334http://www.blisscredit.com.sg
28BST CREDIT PTE. LTD. 131, JURONG GATEWAY ROAD, #01-251, SINGAPORE 600131 134/2018 62991782http://www.bstcredit.com.sg
29BTB CREDITZ PTE. LTD. 810, GEYLANG ROAD, #01-05/14, CITY PLAZA, SINGAPORE 409286 91/2018 67487875http://www.btbcreditz.com.sg
30BUGIS CREDIT PTE LTD 470, NORTH BRIDGE ROAD, #02-12, BUGIS CUBE, SINGAPORE 188735 31/2019 63459123http://www.reliablemoneylender.sg
31CAPITAL FUNDS INVESTMENTS PTE. LTD. 65, UBI CRESCENT, #06-07, HOLA CENTRE, SINGAPORE 408559 166/2018 62817736http://www.loancfi.com
32CASH CHECK SINGAPORE PTE. LTD. 726, ANG MO KIO AVENUE 6, #01-4166, SINGAPORE 560726 112/2018 65381742http://www.cashcheck.com.sg
33CASH DIRECT PTE. LTD. 1187, UPPER SERANGOON ROAD, #01-16, THE MIDTOWN, SINGAPORE 533971 84/2018 66351300http://www.cashdirect.sg
34CASH MART PTE. LTD. 277, BALESTIER ROAD, SINGAPORE 329726 157/2018 63974111http://www.cashmart.sg
35CASHMAX CREDIT PTE. LTD. 810, GEYLANG ROAD, #01-56, CITY PLAZA, SINGAPORE 409286 56/2018 62215480-
36CRAWFORT PTE. LTD. 1, NORTH BRIDGE ROAD, #01-35, HIGH STREET CENTRE, SINGAPORE 179094 72/2018 67778080http://www.crawfort.com.sg
37CREDIT 21 PTE. LTD. 10, ANSON ROAD, #01-07, INTERNATIONAL PLAZA, SINGAPORE 079903 38/2019 62211811http://www.credit21.com.sg
38CREDIT 89 (SG) PTE. LTD. 200, JALAN SULTAN, #04-21B, TEXTILE CENTRE, SINGAPORE 199018 165/2018 63980909-
39CREDIT ASSIST PTE. LTD. 101, UPPER CROSS STREET, #01-15, PEOPLE'S PARK CENTRE, SINGAPORE 058357 25/2019 65678869-
40CREDIT CULTURE PTE. LTD. 9, CRAIG ROAD, #02-01, SINGAPORE 089669 57/2019 69217300http://www.creditculture.sg
41CREDIT EMPIRE ENTERPRISE PTE. LTD. 304, ORCHARD ROAD, #02-103, LUCKY PLAZA, SINGAPORE 238863 36/2019 67337018http://www.creditempire.sg
42CREDIT EXCEL CAPITAL PTE. LTD. 192, WATERLOO STREET, #05-04, SKY LINE BUILDING, SINGAPORE 187966 98/2018 63370055http://www.creditexcel.sg
43CREDIT HUB CAPITAL PTE. LTD. 190, MIDDLE ROAD, #10-01A, FORTUNE CENTRE, SINGAPORE 188979 120/2018 63385115http://www.credithubcapital.sg
44CREDIT KING PTE. LTD. 101, UPPER CROSS STREET, #01-27, (PART)& #B1-49 PEOPLE'S PARK CENTRE, SINGAPORE 058357 39/2019 62221788-
45CREDIT MATTERS PTE. LTD. 801, GEYLANG ROAD, #02-01, SINGAPORE 389681 70/2018 66363233http://www.creditmatters.com.sg
46CREDIT THIRTY3 PTE. LTD. 304, ORCHARD ROAD, #02-88, LUCKY PLAZA, SINGAPORE 238863 1/2019 62922931http://www.creditthirty3.com.sg
47CREDIT XTRA PTE. LTD. 101, UPPER CROSS STREET, #01-05C, PEOPLE'S PARK CENTRE, SINGAPORE 058357 80/2018 63388829http://www.creditxtra.com.sg
48CREDITMASTER PTE. LTD. 1, PARK ROAD, #01-50, PEOPLE'S PARK COMPLEX, SINGAPORE 059108 40/2019 67481338http://www.creditmaster.sg
49DIO CREDIT PTE. LTD. 810, GEYLANG ROAD, #01-115/6, CITY PLAZA, SINGAPORE 409286 140/2018 63966215http://www.diocredit.com.sg
50ELITE INVESTMENT & CREDIT PTE. LTD. 799, GEYLANG ROAD, #01-01, SINGAPORE 389680 64/2018 67444466http://www.eliteloans.com.sg
51EMPIRE GLOBAL PTE. LTD. 513, BISHAN STREET 13, #01-514, SINGAPORE 570513 41/2019 62591883http://www.applypersonalloans.sg
52EMVERTEX CREDIT (SG) PTE. LTD. 200, JALAN SULTAN, #02-33, TEXTILE CENTRE, SINGAPORE 199018 135/2018 62916868http://www.emvertexcredit.com
53ETHOZ PROTECT PTE. LTD. 30, BUKIT BATOK CRESCENT, SINGAPORE 658075 164/2018 66547806http://www.ethozgroup.com
54EXCEL CREDIT (PTE.) LTD. BLK 449, CLEMENTI AVENUE 3, #01-241, (PLOT B), SINGAPORE 120449 7/2019 62202937http://www.excelcredit.sg
55EZ LOAN PTE. LTD. I: 3, BEACH ROAD, #01-4853, BEACH ROAD GARDENS, SINGAPORE 190003 II: 1, TANJONG PAGAR PLAZA, #02-09, SINGAPORE 082001 21/2019 62222529http://www.ezloan.com.sg
56EZ PTE. LTD. 765, GEYLANG ROAD, SINGAPORE 389663 22/2019 64400822http://www.ezmoneylender.com.sg
57FAST MONEY PTE. LTD. I: 101, YISHUN AVENUE 5, #01-39, SINGAPORE 760101 II: 505, TAMPINES CENTRAL 1, #01-341, SINGAPORE 520505 122/2018 62244749http://www.fastmoney.com.sg
58FONG CHIN CAPITAL PTE. LTD. 129, BEDOK NORTH STREET 2, #01-42, SINGAPORE 460129 99/2018 64455022http://www.fongchincapital.com.sg
59FORTUNE CREDIT PTE. LTD. 470, NORTH BRIDGE ROAD, #02-01A, BUGIS CUBE, SINGAPORE 188735 49/2019 67771887http://www.fortunecredit.com.sg
60GAIN CREDIT PTE. LTD. 807, YISHUN RING ROAD, #01-4197, SINGAPORE 760807 146/2018 64380113-
61GALAXY CREDIT AND INVESTMENTS PTE LTD 709, ANG MO KIO AVENUE 8, #01-2595, SINGAPORE 560709 158/2018 64382322http://www.galaxycredit.com.sg
62GM CREDITZ PTE. LTD. 111, NORTH BRIDGE ROAD, #01-41, PENINSULA PLAZA, SINGAPORE 179098 88/2018 65881886http://www.gmcreditz.com
63GOLD ALLIANZE CAPITAL PRIVATE LIMITED 1, ROCHOR CANAL ROAD, #01-03, SIM LIM SQUARE, SINGAPORE 188504 42/2019 63386956http://www.goldallianze.com.sg
64GOLDEN CREDIT (S) PTE. LTD. 101, UPPER CROSS STREET, #01-05F, PEOPLE'S PARK CENTRE, SINGAPORE 058357 43/2019 62241300http://www.goldencredit.com.sg
65GOLDSTAR CREDIT PTE. LTD. I: 183, TOA PAYOH CENTRAL, #01-254, SINGAPORE 310183 II: 1187, UPPER SERANGOON ROAD, #01-21, THE MIDTOWN, SINGAPORE 533971 123/2018 63840088http://www.goldstarcredit.co
66GS CREDIT PTE. LTD. 1, GATEWAY DRIVE, #06-08, WESTGATE, SINGAPORE 608531 100/2018 65630321http://www.jurongmoneylender.sg
67GT CREDIT PTE. LTD. 178, TOA PAYOH CENTRAL, #01-202, SINGAPORE 310178 11/2019 67428154http://www.gtcredit.com.sg
68GV CREDIT PTE LTD 101, JOO CHIAT ROAD, GV BUILDING, SINGAPORE 427395 101/2018 63450233-
69HAPPY CASH PTE. LTD. 465, NORTH BRIDGE ROAD, #01-5083, SINGAPORE 191465 28/2019 62914312http://www.88personalloansingapore.com
70HERSING CREDIT PTE LTD 21, TAMPINES STREET 92, #05-00, H C DESIGN CENTRE, SINGAPORE 528891 102/2018 62722000-
71HHL CREDIT PTE. LTD. 1, ROCHOR CANAL ROAD, #01-04, SIM LIM SQUARE, SINGAPORE 188504 24/2019 67321998-
72HMS CREDIT PTE LTD 189, SELEGIE ROAD, #B1-11, SELEGIE CENTRE, SINGAPORE 188332 83/2018 63339061-
73HORISON CREDIT PTE. LTD. 1, PARK ROAD, #01-15, PEOPLE'S PARK COMPLEX, SINGAPORE 059108 58/2019 68442902-
74HS CREDIT PTE. LTD. 3, COLEMAN STREET, #04-32, PENINSULA SHOPPING COMPLEX, SINGAPORE 179804 87/2019 63377782-
75HUP HOE CREDIT PTE. LTD. 1, ROCHOR CANAL ROAD, #01-01, SIM LIM SQUARE, SINGAPORE 188504 113/2018 63969119http://www.huphoecredit.com.sg
76I-CREDIT PTE. LTD. 82, LORONG 23 GEYLANG, #05-02, ATRIX, SINGAPORE 388409 94/2018 62225222http://www.icredit.com.sg
77IGNIS MONTIS PTE. LTD. 704, ANG MO KIO AVENUE 8, #01-2545, SINGAPORE 560704 91/2019 87882772-
78IP CREDIT PTE. LTD. 185, TOA PAYOH CENTRAL, #01-332, SINGAPORE 310185 66/2018 62228993http://www.expressloans.com.sg
79JD CREDIT PTE. LTD. 531, UPPER CROSS STREET, #01-38, HONG LIM COMPLEX, SINGAPORE 050531 44/2019 62927717http://www.jdcredit.com.sg
80JEFFLEE CREDIT PTE. LTD. 131, JURONG GATEWAY ROAD, #01-261, SINGAPORE 600131 103/2018 65155969http://www.jeffleecredit.com.sg
81JML CREDIT PTE. LTD. 756, UPPER SERANGOON ROAD, #04-13, UPPER SERANGOON SHOPPING CENTRE, SINGAPORE 534626 65/2019 62821135-
82JNB CREDIT PTE. LTD. 175, BENCOOLEN STREET, #01-25, BURLINGTON SQUARE, SINGAPORE 189649 92/2019 93855810-
83JR CREDIT (S) PTE. LTD. 304, ORCHARD ROAD, #02-14, LUCKY PLAZA, SINGAPORE 238863 33/2019 67373022http://www.jrcredit.sg
84KAIIRON PTE. LTD. 111, NORTH BRIDGE ROAD, #05-15A, PENINSULA PLAZA, SINGAPORE 179098 86/2019 93838250-
85KARTHIK MONEY LENDING PTE. LTD. 238, SERANGOON ROAD, SINGAPORE 218085 61/2019 62918194-
86KATONG CREDIT PTE. LTD. 304, ORCHARD ROAD, #02-30/31, LUCKY PLAZA, SINGAPORE 238863 16/2019 62912210http://www.katongcredit.com.sg
87KBB CREDIT SD PRIVATE LIMITED 111, NORTH BRIDGE ROAD, #01-35, PENINSULA PLAZA, SINGAPORE 179098 3/2019 62556998http://www.kbbcredit.sg
88KHALON & GILL MONEYLENDERS PTE. LTD. 1, NORTH BRIDGE ROAD, #B1-25-A, HIGH STREET CENTRE, SINGAPORE 179094 136/2018 63921251-
89KIM ENG FINANCE (SINGAPORE) PTE LTD 50, NORTH CANAL ROAD, #03-01, SINGAPORE 059304 74/2018 62315219-
90KR RM RAMASAMY PTE. LTD. 238A, SERANGOON ROAD, SINGAPORE 218085 149/2018 62925506-
91KST CREDIT PTE. LTD. 220, ORCHARD ROAD, #01-01, MIDPOINT ORCHARD, SINGAPORE 238852 75/2018 62555225http://www.kstcredit.com.sg
92LENDING BEE PTE. LTD. 14, SCOTTS ROAD, #02-44/45, FAR EAST PLAZA, SINGAPORE 228213 54/2019 91279777-
93LIAN FONG CREDIT & TRADING (PTE) LTD 96, JALAN JURONG KECHIL, SINGAPORE 598599 137/2018 64683948-
94MAGNUS CREDIT PTE. LTD. 301, UBI AVENUE 1, #01-279, SINGAPORE 400301 30/2019 63389891http://www.magnuscredit.com.sg
95MAJESTIC CREDIT PTE. LTD. 101, UPPER CROSS STREET, #01-26B/G, PEOPLE'S PARK CENTRE, SINGAPORE 058357 6/2019 67772772http://www.majesticcredit.com.sg
96MAX CREDIT PTE. LTD. 1, SOPHIA ROAD, #01-15, PEACE CENTRE, SINGAPORE 228149 77/2018 63364144 http://www.maxcredit.sg
97MM CREDIT PTE. LTD. 217, BEDOK NORTH STREET 1, #01-63, SINGAPORE 460217 8/2019 62262207http://www.mmcredit.com.sg
98MONETIUM CREDIT (S) PTE. LTD. 220, ORCHARD ROAD, #01-10, MIDPOINT ORCHARD, SINGAPORE 238852 161/2018 67777775http://www.monetiumcredit.com.sg
99MONEYPLUS CAPITAL PTE. LTD. 159, SIN MING ROAD, #01-03, AMTECH BUILDING, SINGAPORE 575625 23/2019 65519052-
100MOTOR-WAY CREDIT PTE LTD 1094, LOWER DELTA ROAD, MOTORWAY BUILDING, SINGAPORE 169205 104/2018 65719682-
101MWA CAPITAL PTE. LTD. 3, PHILLIP STREET, #13-01, ROYAL GROUP BUILDING, SINGAPORE 048693 125/2018 65572275-
102NEW ERA CREDIT (S) PTE. LTD. 50, EAST COAST ROAD, #02-58, ROXY SQUARE, SINGAPORE 428769 82/2018 63458801-
103OASIS CREDIT SERVICES PTE. LTD. 442, CLEMENTI AVENUE 3, #01-87, SINGAPORE 120442 56/2019 67771121-
104ON LINE CREDIT PTE LTD BLK 210, NEW UPPER CHANGI ROAD, #01-731, (HALF PORTION ONLY), SINGAPORE 460210 29/2019 64459166http://www.onlinecredit.com.sg
105ORANGE CREDIT PTE. LTD. 810, GEYLANG ROAD, #01-91, CITY PLAZA, SINGAPORE 409286 61/2018 67482320http://www.orangecredit.com.sg
106OT CREDIT PTE. LTD. 135, JURONG GATEWAY ROAD, #01-323, SINGAPORE 600135 114/2018 62920119-
107PHILLIP CREDIT PTE. LTD. 250, NORTH BRIDGE ROAD, #06-00, RAFFLES CITY TOWER, SINGAPORE 179101 105/2018 68127072-
108PIT-STOP CREDIT (SG) PTE. LTD. 200, JALAN SULTAN, #02-27A, TEXTILE CENTRE, SINGAPORE 199018 64/2019 62971909-
109PL CREDIT PTE. LTD. 77, HIGH STREET, #09-15, HIGH STREET PLAZA, SINGAPORE 179433 72/2019 63380807-
110PLATINUM CREDIT PTE. LTD. 1, COLEMAN STREET, #01-11, THE ADELPHI, SINGAPORE 179803 126/2018 63330888http://www.platinumcredit.com.sg
111POWER CREDIT ENTERPRISE PTE. LTD. 1, TRAS LINK, #01-11, ORCHID HOTEL, SINGAPORE 078867 150/2018 62865389http://www.powercreditsg.com
112PR VR CAPITAL PTE. LTD. 77, HIGH STREET, #09-15, HIGH STREET PLAZA, SINGAPORE 179433 71/2019 63380807-
113PRIME MOTOR & LEASING PTE. LTD. 61, UBI AVENUE 2, #01-03, AUTOMOBILE MEGAMART, SINGAPORE 408898 106/2018 67419292-
114PROSPER CREDIT PTE. LTD. 186, TOA PAYOH CENTRAL, #01-420, SINGAPORE 310186 78/2018 62262320-
115QUICK CREDIT PTE LTD 2, Jurong East Street 21, #04-01A/B, IMM BUILDING, SINGAPORE 609601 34/2019 68996188http://www.quickcredit.com.sg
116QUICKLOAN PTE. LTD. 10, ANSON ROAD, #01-15, INTERNATIONAL PLAZA, SINGAPORE 079903 63/2019 62231788http://www.quickloan.com.sg
117QV CREDIT PTE. LTD. 175A, BENCOOLEN STREET, #11-08, BURLINGTON SQUARE, SINGAPORE 189650 67/2018 68357775http://www.qvcredit.sg
118R2D CREDIT PTE. LTD. BLK 846, YISHUN RING ROAD, #01-3661, SINGAPORE 760846 14/2019 66351595http://www.r2dcredit.com.sg
119RIVERBANK FINANCIALS PTE LTD 228, CHANGI ROAD, #B1-12, ICON@CHANGI, SINGAPORE 419741 128/2018 64443202-
120RJS CREDIT PTE. LTD. 77, HIGH STREET, #04-06, HIGH STREET PLAZA, SINGAPORE 179433 66/2019 94509431-
121RM CREDIT PTE. LTD. 2, HAVELOCK ROAD, #01-17, HAVELOCK2, SINGAPORE 059763 156/2018 62355335-
122RM R CREDIT PTE. LTD. 29A, UPPER DICKSON ROAD, SINGAPORE 207488 60/2019 63960676-
123S G CREDIT PTE. LTD. 304, ORCHARD ROAD, #02-98, LUCKY PLAZA, SINGAPORE 238863 79/2018 67320573-
124S P CREDIT PTE. LTD. 43A, CAMPBELL LANE, #02-00, SINGAPORE 209915 53/2019 62916396-
125S.E. INVESTMENT PTE. LTD. 135, JURONG GATEWAY ROAD, #01-335, SINGAPORE 600135 151/2018 65693957http://www.seinvestment.com.sg
126SANDS CREDIT PTE. LTD. 175, BENCOOLEN STREET, #01-06, BURLINGTON SQUARE, SINGAPORE 189649 129/2018 62250268http://www.sandscredit.com.sg
127SGP CREDIT SINGAPORE PTE. LTD. 133, JURONG GATEWAY ROAD, #01-299, SINGAPORE 600133 19/2019 64661157-
128SHANMUGAN MONEYLENDER PTE. LTD. 10, JALAN BESAR, #13-05A, SIM LIM TOWER, SINGAPORE 208787 77/2019 62978574-
129SIGHAPPI ACHI MONEYLENDER (SG) PTE. LTD. 25, NORRIS ROAD, #2, SINGAPORE 208267 76/2019 94555414-
130SINCERE MONEYLENDER PTE. LTD. 13 , JALAN BESAR, (LEVEL 1 ONLY), SINGAPORE 208789 86/2018 62852261-
131SINGA CREDIT PTE LTD 470, NORTH BRIDGE ROAD, #02-01, BUGIS CUBE, SINGAPORE 188735 130/2018 66946166http://www.singacredit.com
132SKM CREDIT PTE. LTD. 185, TOA PAYOH CENTRAL, #01-334, SINGAPORE 310185 27/2019 63365148http://www.skmcredit.sg
133SME CARE PTE. LTD. 5, JALAN KILANG BARAT, #07-02, PETRO CENTRE, SINGAPORE 159349 108/2018 62710023http://www.smecare.com.sg
134SOON SENG CREDIT PTE. LTD. 711, ANG MO KIO AVENUE 8, #01-3501A, SINGAPORE 560711 85/2019 62925693-
135SU CREDIT PTE. LTD. 175, BENCOOLEN STREET, #01-36, BURLINGTON SQUARE, SINGAPORE 189649 116/2018 66365644http://www.sucredit.com.sg
136SUMO CREDIT PTE. LTD. 190, MIDDLE ROAD, #02-06, FORTUNE CENTRE, SINGAPORE 188979 10/2019 63360766http://www.sumo.com.sg/developers
137SWIFT CREDIT PTE. LTD. 1, SOPHIA ROAD, #01-37, PEACE CENTRE, SINGAPORE 228149 152/2018 63830418http://www.swiftcredit.sg
138SYNERGY CREDIT PTE. LTD. 140, UPPER BUKIT TIMAH ROAD, #02-18, BEAUTY WORLD PLAZA, SINGAPORE 588176 162/2018 64660049http://www.syncredit.com
139TAN & JIANG ENTERPRISE PTE. LTD. 201D, TAMPINES STREET 21, #03-1155, SINGAPORE 524201 15/2019 67866098-
140THE MONEYLENDERS PTE. LTD. 7A, TECH PARK CRESCENT, SINGAPORE 637839 109/2018 68628633http://www.skatool.com
141TKM CREDITZ PTE. LTD. 43A, CAMPBELL LANE, #02-00, SINGAPORE 209915 52/2019 62938523-
142TRADITION CREDIT CO PTE LTD 810, GEYLANG ROAD, #02-79, CITY PLAZA, SINGAPORE 409286 139/2018 68469108http://www.traditioncredit.com.sg
143TRILLION CREDIT SOLUTIONS PTE. LTD. I: 101, UPPER CROSS STREET, #01-26/A, PEOPLE'S PARK CENTRE, SINGAPORE 058357 II: 304, ORCHARD ROAD, #02-12, SINGAPORE 238863 153/2018 65090111http://www.trillioncredit.com.sg
144TUR MOHAR MONEY LENDING PTE. LTD. 5001, BEACH ROAD, #07-39, GOLDEN MILE COMPLEX, SINGAPORE 199588 93/2019 62942219-
145U CREDIT (PTE.) LTD. 180, BENCOOLEN STREET, #01-19, THE BENCOOLEN, SINGAPORE 189646 163/2018 63371768http://www.ucredit.sg
146UK CREDIT (S) PTE. LTD. 210, NEW UPPER CHANGI ROAD, #01-723, SINGAPORE 460210 73/2019 64487448-
147UNILINK CREDIT PTE. LTD. 35, SELEGIE ROAD, #10-27, PARKLANE SHOPPING MALL, SINGAPORE 188307 154/2018 63380690http://www.unilinkcredit.com.sg
148UNIQCASH PTE. LTD. 7A, TRENGGANU STREET, SINGAPORE 058461 47/2019 69103483-
149UNITED CREDIT PTE. LTD. 186, TOA PAYOH CENTRAL, #01-410, (2nd Floor) , SINGAPORE 310186 60/2018 62220227http://www.unitedcredit.com.sg
150UNLIMITED FINANCE PTE. LTD. 162, BUKIT MERAH CENTRAL, #01-3541, SINGAPORE 150162 155/2018 62994666http://www.unlimitedfinance.com.sg
151VERA CAPITAL PTE. LTD. 302, UBI AVENUE 1, #01-33, SINGAPORE 400302 110/2018 67411101-
152VM CREDIT PTE. LTD. 261, WATERLOO STREET, #01-31, WATERLOO CENTRE, SINGAPORE 180261 111/2018 64811788http://www.valuemaxcredit.com.sg
153WAH LEONG COMPANY (PRIVATE) LIMITED 339, JALAN BESAR, SINGAPORE 208984 2/2019 62970433-
154WINZ CREDIT PTE. LTD. I: 153, SERANGOON NORTH AVENUE 1, #01-530, SINGAPORE 550153 II: BLK 124, LORONG 1 TOA PAYOH, #01-467, 131/2018 62526696-
What should I consider before taking up a loan?2018-02-12T14:50:05+08:00

Before approaching a licensed moneylender, have you consider other alternatives, such as  various financial assistance schemes offered by various Government agencies.
You may refer to onemoney.com.sg and contact the agencies to find out more about their schemes.

  • You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
  • Consider whether you are able to abide by the contractual terms, bearing in mind your income and financial obligations. Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
  • The law requires moneylenders to explain the terms of a loan to you in a language you understand and to provide you with a copy of the loan contract. Make sure you fully understand the terms of the contract, in particular, the repayment schedule, the interest rate charged and the fees applicable.
  • Consider carefully before agreeing to any contractual term which allows a moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment. When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full. If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.
  • You should shop around different moneylenders for the most favourable terms.
  • You should not rush into and commit yourself to a loan until you are satisfied with the terms and conditions.
How much can I borrow?2018-02-07T09:32:20+08:00

For secured loans, you can obtain a loan of any amount.

For unsecured loans, you can obtain:

  • Up to S$3,000, if your annual income is less than S$20,000
  • Up to 2 months’ income, if your annual income is S$20,000 or more but less than S$30,000
  • Up to 4 months’ income, if your annual income is S$30,000 or more but less than S$120,000
  • Any amount, if your annual income is $120,000 or more.

 

Updated on 4 August 2017
What are the interest rates moneylenders can charge?2018-02-12T14:32:56+08:00

The maximum interest rate moneylenders can charge is 4% per month.
This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one.

If a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.

The computation of interest charged on the loan must be based on the amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower which are appropriated to principal.

Example 1: If you takes a loan of $10,000, and has repaid $4,000, only the remaining $6,000 can be taken into account for the computation of interest.

Example 2:  If you takes a loan of $10,000, and fails to pay for the first instalment of $2,000, late interest will be charged on $2,000 only and not on the remaining $8,000 as it is not due yet.

What are the fees that moneylenders can charge?2018-02-07T10:18:58+08:00

All licensed moneylenders are only permitted to impose the following charges and expenses:

  • A fee not exceeding $60 for each month of late repayment
  • A fee not exceeding 10% of the principal of the loan when a loan is granted
  • Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by a moneylender on any loan, consisting of interest, late interest, upfront administrative and late fee also cannot exceed an amount equivalent to the principal of the loan.

Example: If you takes a loan of $10,000, then the interest, late interest, 10% administrative fee and monthly $60 late fees cannot exceed $10,000.

How do I know whether a moneylender is licensed or not?2018-02-12T14:51:33+08:00

Do not borrow from unlicensed moneylenders.
Verify that a moneylender is licensed by checking the list of licensed moneylenders.
Click here to access the list of licensed moneylenders (OneMoney.com.sg)
Click here to access The Registry of moneylenders

If you are being harassed via telephone, SMS or e-mail by illegal moneylenders you can file a complaint to stop it.
The police are in charge of investigating scams such as unlicensed moneylending, scam messages, online betting and other general crimes.

  • File a police report through the Electronic Police Centre
  • The National Crime Prevention Council’s (NCPC) ‘X Ah Long’ Hotline at 1800-924-5664 (1800-X-AH-LONG)
How can I tell whether an advertisement is from a licensed moneylender or an unlicensed moneylender?2018-02-12T15:09:03+08:00

Licensed moneylenders are permitted to advertise only through these three channels:

  1. business or consumer directories (in print or online media)
  2. websites belonging to the moneylender
  3. advertisements placed within or on the exterior of the moneylender’s business premises.

All other channels are prohibited.

If you receive flyers, SMSes, emails or other forms of advertisements which are not permitted, these would either be from licensed moneylenders operating in breach of the advertising restrictions, or from unlicensed moneylenders.

Hence, you are advised not to respond to such advertisements.

Instead, you should report the advertisements by providing a proof of the advertisements (for SMS – a screen capture) to the Registry of Moneylenders or to the Police.

You can contact the Registry of Moneylenders at telephone number: 1800-2255-529.

Can I rely on the content of an advertisement to take up a loan from a moneylender?2018-02-12T15:09:04+08:00

You must seek clarifications on specific terms of the loan contract before signing up with a licensed moneylender.
Do not rely solely on the content of advertisements from the moneylender.

What Should I Do after being granted a loan?2018-02-12T15:14:08+08:00

You are legally bind to fulfil any loan contract you enter into with a licensed moneylender.

Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.

  • Make sure the moneylender delivers to you the correct principal amount of the loan.
    The moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.
  • Pay the loan instalments on time to avoid incurring late payment fees and late interest.
  • Make sure the moneylender issues to you a dated and signed receipt every time you repay your loan or pay any fees in cash, and check it for correctness (e.g. name, amount, date).
  • Make sure you receive a statement of account for all your loan(s) at least once every 6 months, and check it for correctness (e.g. name, amount, date)
  • You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.
What should I do if the service level and practices of a moneylender is not acceptable?2018-02-12T15:14:19+08:00

Rules governing licensed moneylenders in Singapore are constantly improvising to encourage good business practices and better business models that can benefit borrowers.

Be mindful if they:

  • Use abusive language, or behave in a threatening manner towards you.
  • Ask for your SingPass user ID and/or password.
  • Retain your NRIC card or any other personal ID documents (e.g. driver’s licence, passport,work permit, employment pass or ATM card).
  • Ask you to sign on a blank or incomplete Note of Contract for the loan.
  • Grant you a loan without giving you a copy of the Note of contract for the loan and/or without properly explaining to you all the terms and conditions.
  • Grant you a loan without exercising due diligence (e.g. approving a loan over the phone, SMS or email before even receiving your loan application form and supporting documents, such as the income tax assessment and payslips).
  • Withhold any part of your principal loan amount for any reason.

Such practices are not acceptable.

If you encounter them, you should report the moneylender to the Registry of Moneylenders at telephone number: 1800-2255-529.

  • Rest assured that the Registry will not disclose your details to the moneylender without your consent.
  • To facilitate the Registry to investigate your complaint, you may need to attend an interview with our officers and provide us with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender.
  • The Registry views complaints against moneylenders seriously and will investigate them thoroughly.
  • Errant moneylenders will be taken to task.

 

  • If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act.
  • The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.
How do I lodge a complaint against a moneylender against unfair practices and/or contract?2018-02-12T15:14:25+08:00

You can contact the Registry of Moneylenders at telephone number: 1800-2255-529.

Rest assured that the Registry will not disclose your details to the moneylender without your consent.

To facilitate the Registry to investigate your complaint, you may need to attend an interview with our officers and provide them with all relevant information and documents related to your loan transactions and circumstances of your dealings with the moneylender.

The Registry views complaints against moneylenders seriously and will investigate them thoroughly.

Errant moneylenders will be taken to task.

If a moneylender has engaged in an unfair practice towards you, you can pursue the matter through the Small Claims Tribunal or the Court under the Consumer Protection (Fair Trading) Act.

The Court also has the power to set aside loan transactions that are exorbitant or substantially unfair.

In the event that I am standing as a surety for a loan, what should I look out for?2018-02-12T15:14:30+08:00

You should ensure that:

  • You understand your responsibilities as a surety
  • You receive a copy of the Note of Contract at the time that the loan is granted to the borrower
  • The moneylender has explained the terms in the Note of Contract in a language that you understand
  • The moneylender does not keep your NRIC card or any other personal ID documents (e.g.driver’s licence, passport).

The moneylender does not acquire any information that contains passwords to your user accounts (e.g. Singpass account, Internet banking account, email account).

What is a Caveat?2018-02-07T09:34:41+08:00

A caveat is a legal document lodged with the authority by a person with an interest in land or property.
The effect of a caveat is to prevent any further or contradictory dealings with the property from being registered, serving as a “chope” to that property.

Consider carefully before agreeing to any contractual term which allows a licensed moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment.

When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full.

If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.

Important Note For Borrowers
Do you really need a loan today?

It can be expensive to taking up a loan and borrowing may not solve your financial problems.
If you really need to borrow, borrow only what you need that you can repay.
Do Not Borrow to pay off another debt.

Check out other financial assistance schemes

More on OneMoney Blog

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Latest News

Rules governing licensed moneylenders in Singapore are constantly improvising to encourage good business practices and better business models that can benefit borrowers.

Better Protection for Borrowers
Authority had introduce an aggregate loan cap to set an overall limit on the amount that an individual may borrow from all licensed moneylenders in Singapore, combined. It will replace the present loan caps, which only limit the amount that an individual may borrow from any single moneylender.

The following caps will be introduced:

No more than $3,000 from all moneylenders combined for individuals earning less than $20,000 a year
No more than six times of individual’s monthly income from all moneylenders combined, for all other borrowers.