11 Best Licensed Moneylender in Singapore for Personal Loan [2023]

Find the best licensed moneylender in Singapore for personal loan.

Singapore Business Owners


First Published:
Finance & Cryptos

If you are in need of money to tide yourself over this period, perhaps you can consider taking up a personal loan from a licensed moneylender in Singapore. With the looming stagflation, a personal loan is a form of credit that can help you to make a big purchase or consolidate high-interest debts.

As personal loans in Singapore typically have lower interest rates than credit cards, they can be used to consolidate multiple credit card debts into a single, lower-cost monthly payment.

According to a study conducted by Finder.com, nearly one in three Singaporeans (32%), or an estimated 928,000 people have reportedly taken out a personal loan in the past twelve months.

Singaporeans who have taken out a personal loan cite covering basic expenses as their main priority. More than one in 10 or 13% who have taken out a personal loan said this.

Singaporeans intending to take out a personal loan should check that the moneylender that they approach appears in the Ministry of Law’s List of Licensed Moneylenders in Singapore so that they would not end up in a precarious legal position. Find out more about the pros and cons of lending from licensed moneylenders if you are worried that you may end up in a loanshark situation. Licensed moneylenders are not loansharks! They are financial companies with proper licenses to operate as lenders in Singapore.

Looking for a licensed moneylender in Singapore to help you alleviate your financial woes? In this article, we have gathered a list of the 11 best licensed moneylender in Singapore who can help to make your personal loan process convenient and quick.

1. Crawford

Best Licensed Moneylender - Crawfort
Photography from Crawfort

First on the list of Best Licensed Moneylender is Crawfort. It had been established for more than a decade, since 2011.

Every step of their process is tailored to boost convenience. They have digitalised everything from application to credit scoring to payment.

Just in 8 minutes from application, you will know if your loadn is approved or not.

They are also the first to implement the repayment of funds through SAM/AXS machines which makes repayment even simpler.

Type of Information Details
Websitehttps://crawfort.com/sg/
Highlights to Note– Apply With Myinfo so the application will be automatically populated with data
– Receive application results via SMS in the next 8 minutes.
– Head to the outlet for a face-to-face verification and collect your money.
Address1 North Bridge Road #01-35
High Street Centre Singapore 179094
Email (For Enquiry) [email protected]
Contact Number+65 6777 8080
Operating HoursMon-Sat: 10:30AM – 7:30PM
Sunday, Public Holidays: Closed
Online Reviews“Hi, this is my 3rd time coming down. All the while the payment loan and explanation is great. Excellent service and thanks to Mr Leon. Thanks for the hospitality and explanation as well. Highly recommend”

1584 Google reviews (Average rating: 4.8 / 5.0 stars)

2. 118 Credit

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 1
Photograph from 118credit

Since 2010, 118 Credit started operation as a loan agency that provides an extensive range of money lending services for those in need of quick cash and relief, with tailored loan packages and no hidden fees.

As a moneylending company with a long history, they have abided by the ever-changing tight regulations imposed by MinLaw to provide good lending practises and to increase the privacy and protection of borrowers.

In 2021, 118 Credit became a licensed moneylender with Singpass Myinfo application services to improve the loan application process to provide a hassle-free experience.

Type of Information Details
Websitehttps://118credit.sg/
Highlights to Note– Licensed money lender with Singpass Myinfo application services
– Provides personal loans to consumers with no hidden fees
– Fully transparent with charges
AddressBurlington Square, 175A Bencoolen St, #11-08, Singapore 189650
Email (For Enquiry) [email protected]
Contact Number+65 6835 7666
Online Reviews“Was heavy burdened with my debts incurred through online scam and super delighted to find caring support and understanding at 118Credit. They offered me quality service and assistance to clear my debts with loan repayment of less than a year. Am very grateful to 118Credit for relieving me of my burden. Thanks also to BC who attended to me. Highly recommend this com”

103 Google reviews (Average rating: 4.8 / 5.0 stars)

3. GS Credit

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 2
Photography from GS Credit

As one of the most trusted licensed moneylenders in Singapore, GS Credit strives to maintain the highest standards of professionalism and transparency.

When applying for a personal loan at GS Credit, you can be assured of its fast processing and quick approval process.

All loans are processed within an hour.

Your personal loan will be instantly disbursed to you once it has been approved.

Type of Information Details
Websitehttps://www.gscredit.com.sg/
Highlights to Note– Quick approval
– Fast processing
– Immediate disbursement of loans once approved
Address1 Gateway Dr, #06-08 Westgate, Tower 608531
Email (For Enquiry) [email protected]redit.com.sg
Contact Number+65 6563 0321
Operating HoursMon to Fri: 11AM to 8PM
Sat: 11AM to 4PM
Closed on Sun and PH
Online Reviews“OMG! They are so nice and professional. Entered the office, straight away greeted by the staffs. The staffs there are either pretty or handsome. I was served by a gal, she is very nice and the way she talks is so professional and polite. The environment of the office is so neat and tidy with nice ambient. Kudos to everyone of you. Keep it up.”

113 Google reviews (Average rating: 4.6 / 5.0 stars)

4. Cash Mart

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 3
Photography from Cash Mart

Cash Mart is an award-winning private licensed moneylender in Singapore. For over 50 years, Cash Mart stays committed to building relationships with customers by providing the best lending experience they deserve.

Cash Mart is a fast growing online and mobile lending platform in Asia, consistently providing customer-centric service: quick, simple, convenient, and transparent.

As a reputable licensed moneylender, Cash Mart recognises that markets do fluctuate but values don’t. This is why they have stayed by their customers and colleagues side through their good and challenging times.

Type of Information Details
Websitehttps://cashmart.com.sg/
Highlights to Note– Just one valid ID
– Get approval in just 5 minutes
– Sign-up online by filling up loan inquiry form and get a call from the loan officer to schedule visit
Address277 Balestier Road, Singapore 329726
Email (For Enquiry) [email protected]
Contact Number+65 6397 4111
Operating Hours11:00 am – 8:00 pm
Saturdays 11am – 6pm
Closed on Sundays and Holidays.
Online Reviews“I would recommend Cash Mart as they are transparent and trustworthy. Most importantly, loan an amount which you can afford to repay back.
Cash Mart also have a ceiling loan amount according to your income thus clients are protected.”

45 Google reviews (Average rating: 3.3 / 5.0 stars)

5. Avis Credit (SG) Pte Ltd

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 4
Photography from Avis Credit

Established in 2011, Avis Credit (SG) Pte Ltd is a licensed moneylender in Singapore that is well-known for being a reliable source of fast approval and flexible repayment moneylender. They offer their clients a wide range of loan packages, whether they are short-term or long-term at a competitive rate.

They offer personal, short-term and business loans that are provided to you based on your requirements and information that you have given them.

Type of Information Details
Websitehttps://avismoneylender.com.sg/
Highlights to Note– Fast approval
– Flexible repayment
– Competitive rate
Address185 Toa Payoh Central #01-344
Singapore 310185
Contact Number+65 6883 2017
Email[email protected]
[email protected]
Operating HoursMonday-Friday: 11am – 730pm
Saturday: 11am – 7pm
Close on Sunday
Online Reviews“1st time coming down to this place, excellent customer service provide by Moon, very patient in replying all my questions and the cash disbursement is quite fast too.”

1010 Google reviews (Average rating: 5.0 / 5.0 stars)

6. Accredit Moneylender

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 5
Photography from Accredit

Founded in 2002, Accredit Moneylender is a subsidiary of Quick Credit Pte Ltd who are industry veterans providing transparent and quality services to their clients.

The licensed moneylender in Singapore works on a sustainable model that is focused on consumer protection. Your personal data is protected with industry standard HTTPS (TLS1.2) and passed penetration testing.

Accredit Moneylender provides loan service such as short term credit, debt consolidation, personal loan and business financing with fast and easy cash approval for loan applications made within the same day. There are no hidden costs incurred for any loan applications made. Fees payment are made upfront and transparent.

Type of Information Details
Websitehttps://www.accreditloan.com/
Highlights to Note– Works on a sustainable model that is focused on consumer protection (Client’s personal data protected with advanced technology)
– Fast cash approval for loan applications made within the same day
– No hidden costs
AddressMultiple locations
https://www.accreditloan.com/contact/
Contact Numberhttps://www.accreditloan.com/contact/
Email[email protected]
Operating HoursLocation dependent
https://www.accreditloan.com/contact/
Online Reviews“Really fast and very good service definitely recommended, staff are friendly. After comparing with another money lender this company is very comfy to liaise with! 100% recommended. Fuss free.

Debbie was my consultant. Love her service and also her working mate . Serve with smiling face always. Keep up the good service”

431 Google reviews (Average rating: 5.0 / 5.0 stars) – Yishun branch

7. Fast Money

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 6

Next licensed moneylender on this list is Fast Money. Applying for a personal loan with Fast Money is quick and efficient using their online application form. No application fees are needed.

Fast Money offers its loans at some of the lowest interest rates in the region.

Their loans are open for application to Singaporeans, Permanent Residents and foreigners with valid passports.

Instead of simply making unreasonable demands like other personal loan providers, they will also make arrangements to provide you with a flexible repayment period to resolve your financial woes.

Type of Information Details
Websitehttps://fastmoney.com.sg/
Highlights to Note– No application fees
– Open to all clients, regardless of nationality
– Flexible repayment period
AddressMultiple location – Yishun and Tampines
https://fastmoney.com.sg/contact/
Email (For Enquiry) [email protected]
Contact Number+65 6224 4746
+65 6224 4749
Operating HoursMonday – Sunday
12 pm – 8 pm
Online Reviews“Read the review and came, the service was top-notch and the staffs was very patient to answer all my queries. Very clear cut explanation on borrowing issue. Overall good …”

642 Google reviews (Average rating: 4.9 / 5.0 stars) – Yishun branch

8. Lending Bee

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 7

As a subsidiary of Credit 21 Pte Ltd, Lending Bee is a knowned licensed moneylender in Singapore.

Out of 156 licensed moneylenders in Singapore, Lending Bee was one of the six selected by the Ministry of Law to pilot alternate business models for moneylending.

As such, you can be assured that they are a reliable and licensed moneylender with huge capital backing. They are able to quickly provide you with a personal loan which suits your needs.

To make the application process more convenient, Lending Bee has created a mobile application for its customers. Their mobile application is available on both the App Store and Google Play.

Type of Information Details
Websitehttps://www.lendingbee.com.sg
Highlights to Note– Huge capital backing
– Mobile application to facilitate loan application process
AddressMultiple locations
https://www.lendingbee.com.sg/contact-details-all-branches/
Contact Number+65 62191611
Operating HoursLocation dependent
https://www.lendingbee.com.sg/contact-details-all-branches/
Online Reviews“This is my first time taking a personal loan, lending bee offer a lower interest % rate for low income which is very good and stress-free. Thank you kuang for explaining the loan detail in a very friendly manner. If in future I need loan again will definitely go back to them”

705 Google reviews (Average rating: 4.9 / 5.0 stars) – Orchard branch

9. GoldStar Credit

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 8
Photography from GoldStar Credit

Goldstar Credit Pte Ltd is a licensed moneylender in Singapore that help their clients achieve the best possible outcomes with relevant financial solutions tailored to their financial needs.

They provide a wide range of loan services such as personal loan, business loan, payday loan, debt consolidation loan, medical loan and wedding loan. These loans are readily available on the spot and are affordable for their clients with low interest rates and monthly repayments.

Type of Information Details
Websitehttps://goldstarcredit.co/licensed-moneylender-singapore/
Highlights to Note– Provide a wide range of loan services
– Low interest rates and monthly repayments
AddressMultiple locations
https://goldstarcredit.co/contact-us/
Contact NumberMultiple locations
https://goldstarcredit.co/contact-us/
Operating HoursLocation dependent
https://goldstarcredit.co/contact-us/
Online Reviews“Loan approved within 30mins. Customer service is very smooth and humorous. Able to make weekly payment. Hassle free. Will come back again if needed. Highly recommended”

2861 Google reviews (Average rating: 5.0 / 5.0 stars) – Hougang branch

10. Credit 21

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 9
Photography from Credit 21

With 16 years of experience, Credit 21 is a credible and reliable player in the local money lending industry.

Credit 21 aims to provide convenient and hassle-free loans so that borrowers can receive timely financial aid. Borrowers can expect up to $100,00 in untenured loans at one of the lowest interest rates in the market.

As a testament to their credibility as a licensed moneylender, they were acknowledged by the Ministry of Law as one of the six firms piloting new business models for money lending.

Type of Information Details
Websitehttps://www.credit21.com.sg/
Highlights to Note– 3-minute loan application
– Loan disbursement is done in 24h
– 16 years in the private moneylender industry
Address10 Anson Rd, #01-07 International Plaza
Singapore 079903
Contact Number+65 6221 1811
Operating HoursMonday – Saturday: 11am – 8pm
Sunday & Public Holiday: Closed
Online Reviews“Fast and swift service provided by the team. Had a smooth transaction with the help of Shania who explained in details of my doubts. Thank you for the assistance and rendered service by your team.”

614 Google reviews (Average rating: 4.7 / 5.0 stars)

11. Galaxy Credit

11 Best Licensed Moneylender in Singapore for Personal Loan [[year]] 10
Photography from Galaxy Credit

The final licensed moneylender listed here is Galaxy Credit. With a personal loan cap of S$150,000, Galaxy Credit Investment’s interests rates are as low as 3.9% per term. No processing fees or deposits are needed.

You can easily apply for a personal loan by submitting online through an online form at the comfort of your own home. Their representative will contact you within one working day.

Once your loan is approved with the loan agreement signed, the firm will disburse the money via cash, bank transfer or cheque on the spot.

Every case is special and they go the extra mile to provide a repayment cycle that fully suits your financial capabilities.

Type of Information Details
Websitehttps://galaxycredit.com.sg/personal-loan-singapore/
Highlights to Note– Loan cap of S$150,000
– No processing or deposit fees
– Disbursement of cash on the spot
Address709 Ang Mo Kio Avenue 8 #01-2595
Singapore 560709
Contact Number+65 6250 8811
Operating HoursMonday to Saturday: 11:00 am to 7:30 pm
Closed on Sunday and Public Holiday
Online Reviews“I am extremely pleased and blown away by this company and the service from Isaac. He is extremely professional and friendly too. Isaac assisted me and this was my first visit to Galaxy. He is considerate with my situation and have guided me through out the process. Thank you very much to Isaac and Galaxy Credit making this journey a smooth and pleasant one. This company is highly recommended, sincerely.”

3331 Google reviews (Average rating: 5.0 / 5.0 stars)

FAQS about Licensed Moneylender In Singapore

What is licensed moneylenders?

A licensed moneylender is an individual or a firm that has been granted a license by a state or nation to take deposits and make loans. Licensed moneylenders will often get these licenses through a long, complicated process of training and testing. Licensed moneylenders can only lend money to people who have deposited a certain amount of money with the moneylender. The moneylender does not charge interest on loans, and the borrower gets the money back with interest.

How do I check if a lender is licensed in Singapore?

The Monetary Authority of Singapore (MAS) allows lenders to operate domestically through a license or through a registered securities dealer license. To find out if a lender is licensed and regulated, you can check this list on MAS.

What happens if I don’t pay moneylender?

If you do not make the payment on time, then you will be charged additional interest and fees. If you don’t pay moneylender in Singapore, they can take legal action against you.

Is borrowing money from a moneylender legal?

Firstly, the moneylender must be a licensed moneylender. You can check this list on MAS.

In Singapore, borrowing money from a moneylender is not illegal, but it is against the law to give a loan without collateral. So, if you borrow a large sum of money from a moneylender, you would need to pledge your house, car, or some other valuable asset as collateral.

11 Best Licensed Moneylender In Singapore Summary

Do you have any reviews and comments to share regarding our choices for the best licensed moneylender in Singapore? We welcome any feedback and anonymous sharing regarding your experience with the listed moneylender in Singapore.

We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best licensed moneylender in Singapore. If you are keen to check on other alternatives on loans, here is our article on 10 best payday loans In Singapore.

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