Who We Are
PickMeALoan is a brand of DoubleAM AI Automation Marketing Pte. Ltd., a Singapore-registered company and member of the Singapore FinTech Association. DoubleAM builds and operates the platform, publishes the lender reviews and comparison pages on this site, and is the party you are contracting with when you use PickMeALoan. Lending itself is done by someone else.
What PickMeALoan Is — and What It Is Not
PickMeALoan is a loan comparison and application facilitation platform. In plain terms, that means two things:
- Comparison. We publish information about licensed lenders in Singapore — licence status, products, published costs, branch details and limitations — so you can compare providers before you approach any of them.
- Application facilitation. You submit one application to us. We pass it to participating licensed lenders, and we return their offers to you in one place so you can compare them side by side.
PickMeALoan is not a lender. It is not a bank, not a licensed moneylender, and not a credit bureau. It does not lend money, hold your funds, set interest rates, assess your creditworthiness, or approve or decline any loan. Those decisions belong entirely to the licensed lender you choose, and the only terms that bind either of you are the ones in that lender’s written offer and Note of Contract.
We also do not act as your agent in negotiating with a lender. We do not promise a lowest or best-in-market rate, and we cannot make a lender improve an offer.
The Problem We Set Out to Solve
The personal loan market in Singapore is fragmented. Borrowers either approach lenders one at a time — accepting whatever rate they are offered — or rely on brokers who may not have their best interests at heart.
A common frustration: borrowers are shown “pre-approved” amounts online that do not reflect actual offers when they visit in person. The bottleneck is the manual IPA (In-Principle Approval) evaluation process. Each lender evaluates independently, meaning borrowers must repeat the process at every office they visit. That means multiple trips, multiple document submissions, and multiple credit checks — all to find out what rates are actually available.
PickMeALoan was built to shorten that cycle: one application, submitted once, put in front of participating licensed lenders at the same time. It does not remove every step. Ministry of Law rules still require a licensed moneylender to verify your identity face to face at its approved place of business before granting a loan, and each lender still runs its own assessment.
How We Verify That a Lender Is Licensed
Every moneylender we work with or write about must appear on the Registry of Moneylenders maintained by Singapore’s Ministry of Law. Our check is specific rather than general:
- We match the lender’s legal entity name, licence number and approved place of business against the Ministry of Law’s list of licensed moneylenders. A trading brand on its own is not enough — several unrelated Singapore businesses use similar names.
- We re-check those details against the Registry each time the Ministry publishes an updated list, and we record the date of the list we used. Our current lender reviews were checked against the lists dated 1 July 2026 and 1 September 2026; each review states the date it used.
- We state what we could not verify. Where a lender does not publish a figure — a rate for your profile, a tenure, a total repayment — we say so instead of substituting a market average or a third-party illustration.
A licence confirms that a regulated entity was authorised at the approved address on the date of that list. It does not confirm that a loan will be approved, that a price is reasonable, or that a product suits you. Registry entries change, so check the current list yourself before you visit a lender or share personal information. The Ministry of Law also warns that licensed moneylenders may not solicit loans by SMS, phone call or social media, and must verify your identity face to face at their approved place of business before granting a loan.
How the Comparison Works
Our comparison is built from what a lender publishes and what the regulator records, not from a proprietary score:
- Like-for-like basis. Where we compare costs, we use the same loan amount and repayment period across providers and compare cash received, every fee, each instalment and total repayment — not headline rates alone.
- Labelled evidence. We distinguish a lender’s own advertised figure, what our directory displays, a statutory maximum, and a third-party illustration. Each figure keeps its source and date beside it.
- Participating lenders are identified. Pages say plainly whether a lender’s offer can be requested through a PickMeALoan application or whether it is covered for research only.
- Rates move. Detailed current figures live on our personal loan comparison page, which is the page we refresh. Figures quoted elsewhere on the site carry the date they were checked.
Limitations You Should Know
We would rather state these up front than have you discover them later:
- We do not cover every licensed lender in Singapore. Our comparison shows participating lenders, and there are licensed lenders in the market we do not list. Comparing here is not the same as comparing the whole market.
- No offer is guaranteed, and no offer is final until the lender issues it. Submitting an application does not guarantee approval, a particular rate, a particular amount, or a particular timeline. We publish no typical approval or disbursement time, because it depends on the lender, your documents and the required in-person verification.
- We are paid by lenders. A participating lender pays us a referral commission when a loan is successfully approved. You pay nothing, but that is a commercial interest and you should read our comparisons with it in mind.
- Published information goes stale. Licence entries, rates, fees, addresses and opening hours all change. Verify anything you are relying on against the lender and the Registry before you commit.
- We are not financial advisers. Nothing on this site is financial advice or a recommendation to borrow. If a repayment would leave too little for rent, food, utilities, transport or existing debts, the right answer may be not to borrow at all.
Your Data
We do not sell your personal data to third parties, and participating lenders do not receive your contact details for unsolicited sales calls. To apply, we do share the application details a lender needs to assess you with the lenders your application goes to. What we collect, why, who receives it and how long we keep it is set out in our privacy policy — please read it before you apply.
Learn more about how our platform works, browse licensed lenders in Singapore, or contact us if you have questions.
This page was last reviewed on 21 September 2026.
