Key Takeaways
- Always verify a moneylender against the Ministry of Law’s official Registry before dealing with them.
- For non-business loans, interest and late interest are each capped at 4% per month, while the loan-grant fee cannot exceed 10% of the principal.
- Do not choose a lender based only on a headline rate; compare the repayment schedule, total borrowing cost and affordability.
- A licensed moneylender should clearly explain the loan terms and assess whether the proposed repayment arrangement is suitable.
- The list below is for comparison and information, not a ranking or endorsement of any particular lender.
Licensed moneylenders form part of Singapore’s regulated credit market. They may be considered by borrowers who need financing but should not be confused with unlicensed moneylenders, commonly known as loan sharks.
The important word is licensed. Moneylending businesses operating under a licence are regulated under the Moneylenders Act 2008, Moneylenders Rules 2009 and directions issued by the Registry of Moneylenders. Among other requirements, the framework regulates borrowing costs, borrower information, loan documentation and how licensed moneylenders may advertise their services.
This guide explains how to find a moneylender in Singapore, what to compare, what happens when taking a loan and some of the licensed moneylenders currently appearing on the Ministry of Law’s official list.
The lender information below was checked against the Ministry of Law’s List of Valid Moneylenders as at 1 July 2026. Licence status and approved addresses can change, so borrowers should still perform their own Registry check immediately before proceeding.
What Is a Licensed Moneylender in Singapore?
A licensed moneylender is a business authorised to conduct moneylending activities in Singapore under the regulatory framework administered by the Registry of Moneylenders.
Being licensed does not mean that every lender offers identical loan terms, nor does it amount to a government recommendation of a particular company. Borrowers still need to compare individual offers carefully.
Singapore’s advertising rules also require moneylending advertising to be clear and easily understood and prohibit misleading, unverifiable or materially incomplete information. Licensed moneylenders are restricted to specified advertising channels, including their own websites and qualifying business or consumer directories.
For consumers, the practical starting point is therefore not a claim such as “best moneylender”. It is verification.
How to Find a Licensed Moneylender in Singapore
The safest way to begin is with the Registry of Moneylenders, rather than an advertisement, message or unsolicited recommendation.
The Ministry of Law specifically warns that scammers and unlicensed lenders may impersonate legitimate licensed businesses through websites, messages and calls. (Registry of Moneylenders)
When checking a lender, compare the Registry entry against the information you have been given. In particular, look at the registered business name, approved business address, approved landline number and official website.
A similar-sounding company name or website address should not be treated as sufficient proof.
Licensed moneylenders also cannot simply market loans through any channel they choose. For example, the current Advertising and Marketing Directions prohibit promotional loan advertising through SMS, WhatsApp and email to the public, as well as unsolicited calls and paid sponsored internet links.
An unsolicited message claiming to offer a loan on behalf of a licensed moneylender should therefore be treated cautiously.
Licensed Moneylenders in Singapore to Know
The following is a listicle rather than a ranking. No lender is presented as better than another, and inclusion should not be interpreted as an endorsement.
Instead, the list provides a starting point for readers researching a licensed moneylender in Singapore. All URLs from the original guide have been retained.
1. 111 Credit
Website: 111credit.com
111 Credit Pte Ltd is listed by the Ministry of Law at 304 Orchard Road, #01-36A, Lucky Plaza, Singapore 238863. Its listed website is 111credit.com.
Its Orchard location may be relevant to borrowers who prefer completing the required processes in central Singapore.
2. Credit Empire Enterprise
Website: moneylendersingapore.com.sg
Moneylendersingapore.com.sg is registered in the Ministry of Law list as a website of Credit Empire Enterprise Pte. Ltd., located at 304 Orchard Road, #02-14, Lucky Plaza.
This is another option for readers comparing licensed lenders around Orchard.
3. Prosper Credit
Website: legalmoneylenders.com
The URL belongs to Prosper Credit Pte. Ltd., which the July 2026 Registry places at 186 Toa Payoh Central, #01-424, Singapore 310186.
This corrects the geographic categorisation in the previous article: it should be considered a Toa Payoh option rather than an East Singapore lender.
4. Soon Seng Credit
Website: soonsengml.com
Soon Seng Credit Pte. Ltd. is listed at 1 Park Road, #01-21, People’s Park Complex, Singapore 059108.
Its approved location makes it more appropriately grouped with Chinatown and central Singapore.
5. UK Credit
Website: ukcredit.sg
UK Credit (S) Pte. Ltd. is listed at 205 Bedok North Street 1, #01-377, Bedok Town Centre, Singapore 460205.
Borrowers living or working in the east may therefore include it when comparing lenders based on office accessibility.
6. 1-Cash
Website: 1-cash.sg
1-Cash Pte. Ltd. is listed at 8 Tampines Central 1, #01-17, Eastlink Mall, Singapore 529543. Its website and approved business details appear in the July 2026 Registry.
7. 96BM Credit
Website: cashloansingapore.com.sg
Cashloansingapore.com.sg is the registered website of 96BM Credit Pte. Ltd. The Registry lists its approved business address as 302 Ubi Avenue 1, #01-31, Singapore 400302.
This makes it one of the options in the Ubi area.
8. MM Credit
Website: licensedmoneylender.com
Licensedmoneylender.com is listed as one of the websites belonging to MM Credit Pte. Ltd. Its July 2026 approved address is 210 New Upper Changi Road, #01-723, Bedok Town Centre, Singapore 460210.
9. Elite Investment & Credit
Website: monthlyloan.com.sg
Monthlyloan.com.sg belongs to Elite Investment & Credit Pte. Ltd., according to the Registry. Its approved address is 799 Geylang Road, #01-01, Singapore 389680.
The domain name should not be interpreted as creating a separate category of licensed lender; borrowers should look at the actual contract and repayment schedule offered.
10. 1-Money
Website: 1-money.sg
1-Money Pte. Ltd. is listed at 149 Rochor Road, #02-08, Fu Lu Shou Complex, Singapore 188425.
11. 1-Fund
Website: 1-fund.sg
1-Fund Pte. Ltd. is currently listed at 144 Upper Bukit Timah Road, #01-24, Beauty World Centre, Singapore 588177.
This is an important correction to the previous article’s broad East/Ubi grouping.
12. Goldstar Credit
Website: goldstarcredit.co
Goldstar Credit Pte. Ltd. is listed with approved places of business at The Midtown on Upper Serangoon Road and Lorong 6 Toa Payoh.
Borrowers considering it should confirm which approved location applies to their transaction.
13. Sumo Credit
Website: sumo.com.sg
Sumo Credit Pte. Ltd. appears in the July 2026 list at 262 Serangoon Central Drive, #01-85, Singapore 550262.
14. Dio Credit
Website: diocredit.com.sg
Dio Credit Pte. Ltd. is listed at 702 Ang Mo Kio Avenue 8, #01-2507B, Singapore 560702.
15. Galaxy Credit and Investments
Website: galaxycredit.com.sg
Galaxy Credit and Investments Pte Ltd is also based in Ang Mo Kio, with the Registry listing its approved address at 703 Ang Mo Kio Avenue 8, #01-2531, Singapore 560703.
16. Cash Direct
Website: cashdirect.sg
Cash Direct Pte. Ltd. is listed at 2 Venture Drive, #01-21, Vision Exchange, Singapore 608526.
Its location makes it relevant to borrowers comparing licensed moneylenders in western Singapore.
17. Synergy Credit
Website: syncredit.com
Syncredit.com is the listed website of Synergy Credit Pte. Ltd., located at 442 Clementi Avenue 3, #01-89, Singapore 120442.
18. R2D Credit
Website: r2dcredit.com
R2D Credit Pte. Ltd. is listed at 744 Yishun Street 72, #01-185, Singapore 760744.
It provides a northern Singapore option for borrowers who consider office location an important comparison factor.
19. Credit Trust
Website: credittrust.sg
Credit Trust Pte Ltd is listed in the Ministry of Law’s 1 July 2026 register of valid moneylenders at 251 Holland Avenue, Holland Village, Singapore 278981. Its listed landline is 6200 0000, and credittrust.sg is recorded as its business website.
Its Holland Village location makes it an option for borrowers who prefer visiting a licensed moneylender around central-west Singapore. As with any lender in this guide, borrowers should compare the actual loan amount, repayment schedule, interest and applicable fees before deciding whether the arrangement is affordable.
20. Cash Hub
Website: cashhub.sg
Cash Hub Pte. Ltd. is listed by the Ministry of Law as a licensed moneylender at 77 High Street, #09-15, High Street Plaza, Singapore 179433. The Ministry’s register records cashhub.sg as its business website.
Its High Street location places it within Singapore’s central area. Borrowers considering Cash Hub should verify its current Registry details before visiting and review the written loan terms carefully rather than choosing a lender based on location or website information alone.
What Should You Compare Between Moneylenders?
Being licensed establishes a regulatory baseline. It does not mean every loan offer will cost exactly the same.
A useful comparison starts with the actual written terms offered to you.
For a non-business loan, licensed moneylenders may charge interest of up to 4% per month, calculated on the outstanding principal balance. Late interest is also capped at 4% per month and applies only to amounts that have become due and remain unpaid.
Permitted charges include a fee of up to 10% of the principal when the loan is granted, a late fee of no more than S$60 per month in aggregate, and court-ordered legal costs for recovery where applicable. The aggregate amount recoverable for interest, late interest and specified permitted fees is also subject to an overall cap for non-business loans.
These are maximums, not mandatory charges.
That distinction matters. Instead of asking only, “What is your interest rate?”, compare how much you will receive, how much each instalment will be, when payments are due, the fees applicable and the total amount payable if repayments are made according to schedule.
How Much Can You Borrow?
For an unsecured loan from licensed moneylenders, a Singapore citizen or permanent resident with annual income below S$20,000 is generally subject to an aggregate unsecured borrowing limit of S$3,000.
Where annual income is at least S$20,000, the applicable limit is up to six months’ income, taking into account outstanding unsecured loans covered by the rules.
The maximum permitted amount should not be treated as the amount someone ought to borrow.
Responsible lending guidance states that lenders should consider factors such as income, existing financial commitments, frequency of salary and creditworthiness when assessing suitability.
Borrowers should perform the same assessment from their side: can the repayments realistically be met alongside rent, food, utilities, transport and existing debt?
What Happens When You Use a Licensed Moneylender?
A loan application requires more than filling in a web form.
The Moneylenders Rules require the lender to obtain a completed application containing prescribed information, including the amount requested and, for individuals, recent income information. Supporting information must also be verified against genuine and current documents or appropriate public-body information, including information obtained through MyInfo where applicable.
Before granting the loan, the lender must communicate important terms in writing. These include the interest rate, how interest is calculated, late interest where applicable, permitted fees and, for a term loan, the repayment frequency, instalment amounts and total amount payable over the loan term assuming no default.
Do not sign merely because an application has been accepted for assessment.
Read the note of contract, check the repayment dates and ask about anything you do not understand.
Borrower Protections After Taking a Loan
Keeping your documents is an important part of managing a loan.
Licensed moneylenders have obligations relating to loan documentation, receipts and statements of account. For example, statements for subsisting loans must contain information covering the principal or credit limit, interest, fees, payments received and outstanding amounts.
Receipts also provide a record of how payments have been allocated between principal, interest, late interest and permitted fees.
Keep these documents until the account has been fully settled. The professional-service guidance also recommends that when a loan has been paid in full, the borrower should receive confirmation that all dues have been paid and the account closed.
Warning Signs When Looking for a Moneylender
One of the most useful ways to identify potential problems is to look at how the loan reaches you.
Licensed moneylenders face strict advertising restrictions. Promotional SMS, WhatsApp messages and emails to members of the public are prohibited, as are unsolicited calls and marketing agents soliciting loans outside the approved business premises. Paid sponsored internet links are also prohibited.
Advertising cannot create unjustified expectations by understating borrowing costs or overstating how easy borrowing may be. It also cannot contain information that cannot be verified.
Be particularly careful if someone asks you to transfer money before a loan is disbursed, approaches you through unsolicited messages, uses contact details that do not match the Registry or requests your SingPass user ID and password.
The Advertising and Marketing Directions expressly prohibit advertisements from asking borrowers to provide their SingPass credentials.
Choosing a Moneylender Is About Suitability, Not Rankings
A list of licensed moneylenders can help narrow your research, but it cannot determine which loan is suitable for your finances.
Location matters because you may need to visit an approved place of business. Loan structure matters because different repayment schedules can have very different effects on monthly cash flow. Most importantly, affordability matters because a permitted loan can still be unsuitable for an individual borrower.
Consider comparing two or more written offers using the same basic questions: how much will I receive, what fees apply, what is the repayment schedule, what is the total repayment if I pay on time, and can I comfortably meet every instalment?
If the answer to the final question is uncertain, taking on additional debt may not be appropriate.
Frequently Asked Questions
How do I know whether a moneylender in Singapore is licensed?
Use the Ministry of Law’s official Registry of Moneylenders and compare the business name, approved address, landline and website with the party you are dealing with. The Ministry also warns borrowers about scammers impersonating legitimate lenders. (Registry of Moneylenders)
What is the maximum interest rate for a licensed moneylender?
For loans other than business loans, the Moneylenders Rules prescribe a maximum nominal interest rate of 4% per month. Interest is calculated on the outstanding principal balance.
What is the maximum late interest?
For non-business loans, late interest is capped at 4% per month and is calculated on the amount that is overdue rather than the entire original loan where only part of it is overdue.
What fees can a licensed moneylender charge?
For a non-business loan, permitted charges include a loan-grant fee capped at 10% of principal, late repayment fees capped at an aggregate S$60 per month, and court-ordered legal recovery costs where applicable.
Should I choose the lender offering the lowest advertised rate?
Not necessarily. The advertised rate is only one part of the cost. Compare the actual rate offered to you, applicable fees, loan amount, tenure, repayment schedule and total repayment.
Can a licensed moneylender guarantee that my application will be approved?
Borrowing should be subject to an assessment of the applicant and supporting information. Responsible lending guidance specifically calls for consideration of income, financial commitments and creditworthiness. Advertising must also not create an unjustified expectation about the ease of borrowing.
Final Thoughts
Finding a moneylender in Singapore should begin with verification rather than rankings.
The 18 websites above correspond to businesses appearing on the Ministry of Law’s July 2026 list of valid moneylenders, but licence status, business addresses and other details may change. Check the current Registry again before beginning a transaction. (Registry of Moneylenders)
Once you have verified a lender, focus on the loan itself. Understand the interest calculation, fees, repayment dates and total amount payable. Keep copies of your documents and receipts, and avoid borrowing more simply because a higher amount may be available.
A licensed loan is still a financial obligation. It should be used only where there is a genuine need, the terms are understood and the repayments can be managed without creating further financial difficulty.
Compliance Check Summary
- Regulatory references reviewed: Moneylenders Act 2008, Moneylenders Rules 2009, Registrar’s Directions on Advertising & Marketing Activities Version 3.0 (effective 1 April 2025), professional-service guidance and Ministry of Law Registry information.
- Cost caps verified: 4% monthly interest, 4% monthly late interest, up to 10% loan-grant fee and S$60 aggregate monthly late fee for applicable non-business loans.
- Lender details fact-checked: Names, URLs and locations checked against the Ministry of Law list of valid moneylenders as at 1 July 2026.
- No misleading claims or vulnerable-group targeting: No approval guarantees, superlatives or claims of government endorsement have been used.
- Tone and keyword use: Educational, neutral and compliance-focused; “moneylender in Singapore” and related terminology have been incorporated naturally.
