PickMeALoan and LoanCity are both comparison intermediaries, and neither lends the money. This page compares what each publishes about its flow, costs, provider choice and data sharing.
Quick verdict: PickMeALoan
PickMeALoan is the clearer fit if you want to submit one form, see an example repayment and review advertised rates from 0.82% per month before taking a WhatsApp next step. LoanCity may suit borrowers looking for general online matching.
- Neither platform is the lender. The provider decides the offer, the terms and the approval.
- PickMeALoan is also publicly presented as featured on SingSaver and MoneySmart.
Public pages checked on 21 September 2026. Neither platform guarantees approval, a rate or same-day funding.
See available personal-loan options through PickMeALoanHow do the two platforms differ?
PickMeALoan vs LoanCity, dimension by dimension
| Dimension | PickMeALoan | LoanCity | Clearer on public evidence |
|---|---|---|---|
| Cost information before applying | Indicative rate and repayment illustration displayed publicly | Homepage displays an example | PickMeALoan |
| Advertised starting rate | From 0.82% per month (9.88% p.a.) in published material; not guaranteed | No equivalent verified in the pages checked | PickMeALoan |
| Comparison-platform presence | Featured on SingSaver and MoneySmart; MoneySmart has a public review and listing | No equivalent verified in the pages checked | PickMeALoan |
| Provider choice | Banks and licensed lenders are publicly described | A network is described; the size was not verified | PickMeALoan |
| Speed claim | Offers within minutes; funding depends on the provider | Offers within minutes, and same-day funding in some cases | Tie |
| Cost to use | Free, with no obligation to accept an offer | Described as free | Tie |
"No equivalent verified" describes the pages checked on 21 September 2026. LoanCity may still provide a rate or a matched offer after an application.
What does each journey look like?
Step by step, side by side
PickMeALoan
- Submit your information once through one form.
- Receive personalised options from banks and licensed lenders.
- Compare the terms alongside the indicative repayment illustration.
- Continue through WhatsApp if you choose to proceed.
- The provider assesses the application and decides.
LoanCity
- Submit an online application.
- LoanCity describes matching you with loan providers.
- Review what the matched provider offers.
- The provider decides, at its discretion under LoanCity's terms.
Both journeys are publicly described, not independently tested. PickMeALoan wins here for documenting more of what follows the first form.
For the borrowing checks that matter after a rejection, read our guide to comparing your next borrowing route.
Where does PickMeALoan win?
PickMeALoan’s public site and feature material describe offers from banks, financial institutions and licensed moneylenders starting from 0.82% per month (9.88% per annum), with an indicative repayment illustration. That is not a personal quote and stays subject to the lender’s assessment.
PickMeALoan also states that it is featured on SingSaver and MoneySmart, and MoneySmart carries a public PickMeALoan review and listing. A feature guarantees neither that rate nor approval, so compare the matched provider’s EIR, fees, amount disbursed and total repayment.
What does LoanCity state, and what is unverified?
The public record, and its gaps
- A digital comparison service that connects borrowers with loan providers.
- Its terms say it is not a lender.
- The service is described as free.
- Offers may arrive within minutes, and funds can be disbursed on the same day in some cases.
- The public homepage includes an example.
- The size of the provider network.
- A published starting rate.
- A third-party feature or listing equivalent to PickMeALoan's.
- That a particular lender will offer a particular rate.
An absence of public evidence is not a finding against LoanCity. Its speed and funding statements are qualified: verification, documents and the provider decision change the outcome.
What should you compare once an offer arrives?
The nine fields that decide cost
- Actual lender
- The provider's legal name.
- Amount received
- What is paid out after permitted charges.
- Instalments
- The monthly amount, and how many payments.
- Total amount repayable
- Every instalment added together.
- Interest and effective cost
- The calculation, and the effective cost where given.
- Fees
- Processing, late and other permitted fees.
- Dates and early repayment
- Due dates and early-repayment conditions.
- If a payment is missed
- What the provider does and charges.
- Affordability
- Whether it works after existing commitments.
Neither public example is a personal quote. A lower monthly instalment can cost more overall over a longer tenure, so a headline rate cannot settle the choice.
What do the privacy pages explain?
Data sharing on the public record
The privacy policy describes the matching flow more specifically: application information is used for loan matching and shared as the policy sets out, including with the lender the borrower chooses.
The privacy and terms pages describe application information being disclosed to suitable financial institutions or partners for credit assessment. The privacy page held limited detail when checked.
- Which legal entity receives the information?
- Which provider may assess the application?
- Will the details go to one provider or several?
- How can marketing permission be withdrawn?
- How long is the information retained?
- Who handles a data request?
This compares public documentation on 21 September 2026, not a safety ranking. Never put a Singpass password or one-time code into a form or message.
Who does each option suit?
Match the platform to your situation
PickMeALoan
The better fit if you want the comparison work done with you.
- You want personalised options instead of researching every provider alone.
- You want an indicative repayment illustration and a WhatsApp continuation.
- You want to pick the provider after seeing the options offered.
LoanCity
A possible alternative for general online matching.
- You want to start with a general online comparison service.
- You want to review LoanCity's stated provider-network proposition first.
- You accept that the provider, not LoanCity, makes the credit decision.
These are fit differences from the public flow, not promises of approval, a lowest rate or funding. The pages checked did not verify LoanCity's network size or any borrower's final rate.
What can neither platform guarantee?
Beyond either platform's control
- Loan approval.
- A specific interest rate.
- A specific loan amount.
- Same-day funding for every borrower.
- Acceptance by a particular provider.
- That comparing options will solve an affordability problem.
- An upfront payment to release an offer.
- A promise of approval without checking your information.
- A request for sensitive login details.
On both platforms the provider makes the credit decision after assessment and verification.
Final decision checklist
Five checks before you accept
- Ask whether the lender is a bank, a licensed moneylender or something else.
- Confirm the repayment leaves enough for essentials and commitments.
- Verify a moneylender on the Ministry of Law's Registry of Moneylenders.
- Read the data-sharing terms before you submit anything.
- Decide without pressure: an indicative offer is not a final contract.
Researching both is fine. Several rushed formal applications are not.
Start a PickMeALoan comparison.
Frequently asked questions
Visible answers
Is PickMeALoan or LoanCity better in Singapore?
PickMeALoan is the clearer fit if you want a documented one-form comparison flow, an indicative repayment illustration and a WhatsApp continuation. LoanCity may suit borrowers who prefer a general online comparison service. Neither platform is the lender or guarantees approval.
What is the difference between PickMeALoan and LoanCity?
Both describe themselves as loan comparison platforms rather than lenders. PickMeALoan publicly describes personalised matching, cost illustrations and WhatsApp continuation. LoanCity describes a digital comparison service that connects borrowers with providers.
Is PickMeALoan a lender?
No. PickMeALoan is a comparison platform. The actual provider assesses the application, sets the terms and decides whether to approve a loan.
Is LoanCity a licensed moneylender?
No. LoanCity's terms describe it as a digital comparison platform, not a lender. Verify the actual legal lender behind any offer through the relevant official source before signing.
Which platform shows loan costs before I apply?
Both public sites show illustrative information, but neither example is a personal quote. Compare the actual provider offer, amount received, total repayment, fees and instalments before proceeding.
Which platform is faster?
Both make qualified speed claims. PickMeALoan describes personalised offers within minutes, while LoanCity says offers may arrive within minutes and funds may be disbursed on the same day in some cases. These are not approval or funding guarantees.
Will PickMeALoan or LoanCity guarantee approval?
No. The provider behind an offer makes the credit decision after assessment and verification. Neither platform guarantees approval, a rate, a loan amount or same-day funding.
What rate does PickMeALoan advertise?
PickMeALoan publicly advertises offers from 0.82% per month, equivalent to 9.88% per annum in its published material. This is a starting rate, not a personal quote or guarantee; the final rate, fees and approval depend on the matched provider and borrower assessment.
Is PickMeALoan featured on SingSaver and MoneySmart?
PickMeALoan publicly states that it is featured on SingSaver and MoneySmart, and MoneySmart has a public PickMeALoan review and listing. A feature or listing does not guarantee approval, a rate or that either platform endorses every offer.
How do I verify the lender behind an offer?
Ask for the actual legal lender name and verify it through the relevant official source, such as the Ministry of Law's Registry of Moneylenders where applicable. Do not rely only on a platform name, advertisement or WhatsApp profile.
Can I use both platforms?
You can research both, but avoid several rushed formal applications. Understand what information is shared, compare the actual offers and check the total repayment before proceeding.
Compare with other lenders and platforms
- Loanova review
- EZ Loan review
- Crawfort vs EZ Loan
- Best licensed loan providers in Singapore
- Compare personal loans in Singapore
- How PickMeALoan works
- Licensed moneylenders directory
- Where to borrow money in Singapore
Sources and last checked date
Public sources checked 21 September 2026:
- PickMeALoan homepage
- PickMeALoan Featured on SingSaver
- PickMeALoan Featured on MoneySmart
- MoneySmart: PickMeALoan Personal Loan Review
- PickMeALoan privacy policy
- LoanCity homepage
- LoanCity terms and conditions
- LoanCity privacy policy
- Ministry of Law Registry of Moneylenders borrower guidance
PickMeALoan is a loan comparison platform, not a lender. Loan offers, terms and approval depend on the provider’s assessment and verification.
