1-2 Lend Review 2026: Rates & Loans

1-2 Lend states a 3.5% flat admin fee, well below the 10% legal maximum, but charges 4.0% per month for 1–12 month terms, which is the legal cap. Whether that works out cheaper depends on the total repayment in a written offer, not the headline fee.

That is the reason to compare before you commit. Compare personal loan options through PickMeALoan to request offers from its participating licensed lenders in one application, then set 1-2 Lend’s written quote beside them for the same amount and repayment period. PickMeALoan is a commercial comparison and application platform, not the lender, and offers remain subject to each lender’s assessment.

What interest rate and fees does 1-2 Lend charge?

1-2 Lend is more open about its numbers than many lenders: it states the rate, fee, tenure and maximum amount. The figures below are its own statements, not a quote.

The admin fee affects the cash you receive, while the rate affects every instalment. At the 4% cap a longer tenure adds interest quickly, so ask for the total repayment under more than one tenure. 1-2 Lend says borrowers with a good repayment history may be offered better terms on later loans. The Ministry of Law borrower guide caps total interest, late interest and fees at the loan principal.

How does 1-2 Lend compare with PickMeALoan’s participating lenders?

1-2 Lend is not currently offered through PickMeALoan, so its quote has to come from 1-2 Lend directly. PickMeALoan’s participating lenders include Best Licensed Moneylender, Credit Xtra, EZ Loan, SGP Credit and Singa Credit. Offers remain subject to each lender’s assessment.

The participating-lender rows use the public figures displayed in PickMeALoan’s licensed-lender directory when checked on 10 September 2026: Best Licensed Moneylender from 1.01% per month, Credit Xtra from 3.00% per month, SGP Credit from 3.92% per month and Singa Credit from 2.00% per month. EZ Loan’s figure of from 0.82% per month for eligible applicants comes from EZ Loan’s public page. These are advertised starting figures, not personal quotes or guaranteed approval. The 1-2 Lend row uses its own stated rate and fee.

Get 1-2 Lend’s written offer, then compare personal loan options through PickMeALoan using the same amount and repayment period. Compare cash received, fees, total repayment and due dates. Read our reviews of Best Licensed Moneylender, Credit Xtra, EZ Loan, SGP Credit and Singa Credit.

What are 1-2 Lend’s strengths and limitations?

1-2 Lend had a 4.9-star rating on Roshi when recorded in May 2026, from a small review base. Borrowers talk most about the admin fee and patient staff, and describe same-day decisions. A lower fee is useful, but with interest at the cap, the total repayment is what to compare.

What can you borrow from 1-2 Lend, and who is eligible?

The cosmetic surgery, weight loss and furniture categories are rarely listed by other moneylenders. A named product is not a better price, though: the same rate, fee and total-repayment checks apply. 1-2 Lend lists foreigner loans for work pass holders, subject to income-based limits.

For unsecured loans, the Ministry of Law borrower guide sets the total maximum amount you may borrow at any time across all licensed moneylenders in Singapore:

1-2 Lend states flexible repayment of up to 24 months and amounts up to six times monthly income for borrowers earning S$20,000 or more a year, which matches the legal ceiling above. Ask for the number of instalments, due dates and total repayment before accepting.

How does the 1-2 Lend application process work?

1-2 Lend takes enquiries by WhatsApp on +65 6493 0160 or by email at enquiry@12lend.sg, and applications at its People’s Park Complex office. The Ministry of Law Registry requires licensed moneylenders to verify your identity face to face at an approved place of business before granting a loan, so funds follow the office visit.

Who may find 1-2 Lend useful?

• Borrowers who want a lower upfront fee

  1-2 Lend's stated 3.5% admin fee is well below the 10% legal maximum, so more of the principal may reach you.

• Borrowers needing a niche loan category

  It lists products for cosmetic surgery, weight management and furniture; the usual cost checks still apply.

• Grab drivers needing financing

  It lists a dedicated Grab taxi loan; bring platform earnings records.

• First-time borrowers who feel anxious

  Reviews describe a welcoming, non-threatening environment and patient staff.

Where is 1-2 Lend and what should you confirm?

1-2 Lend is at 1 Park Road, #01-13, People’s Park Complex, Singapore 059108, on the ground floor. From Chinatown MRT (NE4/DT19), take Exit A towards Park Road; the complex is next to the station. Do not confuse it with People’s Park Centre at 101 Upper Cross Street, a separate building nearby. It opens at 11:30 AM on weekdays and 12 PM on Saturdays, and closes on Sundays and public holidays.

What should you check before accepting a 1-2 Lend offer?

1-2 Lend’s low fee is worth weighing, but its rate is at the legal cap. Treat its written offer as one quote and compare it with offers for the same amount and repayment period before you sign. If the repayment would leave too little for rent, food, utilities, transport or existing debts, pause and consider non-loan assistance or debt counselling first.