At a Glance
What Borrowers Say About 1-2 Lend
The thing borrowers mention most about 1-2 Lend is the admin fee. At 3.5% flat, they claim it is the lowest in Singapore’s moneylending market. If that holds up, it is a real cost saving compared to the 10% some lenders charge. We could not independently verify the “lowest” claim, but it is clearly a selling point that resonates with borrowers who have shopped around.
Borrowers say the staff are friendly and patient, and several mention feeling comfortable during the visit, which matters if you have not been to a moneylender before. Approval is same-day based on available reviews.
The main caveat: 1-2 Lend was founded in 2018 and has a small review base compared to lenders with thousands of reviews. The 5.0-star rating on Roshi looks good, but a small sample makes it hard to draw strong conclusions. Their interest rate is 4% per month (the legal cap), so the admin fee savings are partly offset by rates that are not discounted.
Loan Products
1-2 Lend offers a notably creative product range with 13 loan categories:
The cosmetic surgery, weight loss, and furniture loan categories are rarely seen among other moneylenders and suggest 1-2 Lend is willing to structure loans around specific borrower needs rather than forcing everything into generic personal loan boxes.
Rates and Fees
1-2 Lend is transparent about their key numbers:
- Interest rate: 4.0% per month for terms of 1-12 months
- Admin fee: 3.5% flat (claimed lowest in the market)
- Repayment terms: Flexible, up to 24 months
- Maximum loan amount: Up to 6x monthly income (for borrowers earning $20,000+ annually)
The 4.0% monthly interest rate sits at the regulatory cap set by the Ministry of Law, which is higher than some competitors who advertise rates starting from 1-2%. However, the low 3.5% admin fee partially offsets this — when comparing total loan costs, the admin fee matters alongside the interest rate. Borrowers with good repayment history may be offered more competitive rates on subsequent loans.
Who Is 1-2 Lend Best For?
Location and How to Get There
1-2 Lend is located at 1 Park Road, #01-13, People’s Park Complex, Singapore 059108. The office is on the ground floor of People’s Park Complex — not to be confused with nearby People’s Park Centre (where Credit Xtra is located).
From Chinatown MRT (NE4/DT19), take Exit A towards Park Road and People’s Park Complex. The complex is directly adjacent to the MRT station — you will see the building as soon as you exit. Enter the complex and look for unit #01-13 on the ground floor, which is easily accessible without navigating upper levels.
People’s Park Complex is a large mixed-use building in the heart of Chinatown, well-served by buses along Eu Tong Sen Street and New Bridge Road.
How to Apply
- Visit in person — Head to People’s Park Complex #01-13 during operating hours (Mon-Fri 11:30 AM - 7:30 PM, Sat 12 PM - 6 PM)
- Bring required documents — NRIC (or work pass for foreigners), proof of income (payslips, CPF statements, or platform earnings for Grab drivers), and proof of address
- Complete the application — The team will assess your profile and provide a same-day decision
- Review your terms — Staff will explain the 4.0% interest rate, 3.5% admin fee, repayment schedule, and total loan cost
- Receive your funds — Disbursement upon approval
You can also contact 1-2 Lend via WhatsApp at +65 6493 0160 or email [email protected] before visiting.
How 1-2 Lend Compares
Rather than judging 1-2 Lend in isolation, compare it against other licensed lenders and banks. With PickMeALoan you submit one application and receive personalised offers from multiple licensed lenders. Offers arrive in WhatsApp, matched by AI around the clock; we push lenders for their best possible rate (rate-match guarantee from 0.82% per month, 9.88% p.a.) and set up your appointment — you choose which to proceed with, with no lenders cold-calling you. Final rate, amount, and approval are subject to each lender’s verification.
Use PickMeALoan to compare rates instantly.
Other Lenders Worth Considering
If you’re exploring options beyond 1-2 Lend, these reviews may help:
- Soon Seng Credit — 4.9 stars in Chinatown, 27 years in operation with published rates
- Credit Xtra — Chinatown-based SME micro loan specialist
- Singa Credit — 30+ years in Bugis, rates from 1%, open weekends
Useful Guides
- Compare Personal Loans in Singapore — Side-by-side comparison from banks and licensed lenders
- Borrow Money in Singapore — Complete guide to borrowing options
- Licensed Moneylenders Directory — Full directory of licensed lenders
Tips Before Visiting 1-2 Lend
- Compare total cost, not just interest rate — 1-2 Lend’s 4.0% rate is at the cap, but the 3.5% admin fee is lower than most. Calculate total repayment cost (interest + fees) to make a fair comparison with other lenders.
- Ask about better rates for repeat borrowers — 1-2 Lend notes that borrowers with good repayment history may receive more competitive terms on subsequent loans.
- Note the later opening time — 1-2 Lend opens at 11:30 AM on weekdays and 12:00 PM on Saturdays, which is later than some competitors. Plan your visit accordingly.
- Verify the licence before visiting — Check licence number 66/2025 on the Ministry of Law’s registry.
- Do not confuse People’s Park Complex with People’s Park Centre — These are two separate buildings in Chinatown. 1-2 Lend is at People’s Park Complex (1 Park Road), not People’s Park Centre (101 Upper Cross Street).