PickMeALoan Welcomes 1-2-Lend — Aligned Lender Partner | 13 Loan Products, Chinatown

1 2 Lend Pte. Ltd. holds licence 70/2026, issued by Singapore’s Ministry of Law. (Previous licence reference: 66/2024 — renewed annually.) They operate one branch at People’s Park Complex in Chinatown. PickMeALoan has vetted 1-2-Lend and endorsed them as an aligned lender partner.

Key takeaway: 1-2-Lend is one of only six firms granted a new moneylending licence since Singapore’s 2012 licensing moratorium was lifted — meaning they cleared a higher regulatory bar than lenders who were grandfathered in. They carry a 4.9-star Google rating, offer 13 distinct loan products, and accept both Singaporeans and foreigners. They’re now part of PickMeALoan’s aligned partner network, so borrowers can compare their rates against other lenders in under two minutes.

Getting a licence to lend in Singapore isn’t a formality. The Ministry of Law froze new licences in 2012 and didn’t reopen the process until years later, requiring applicants to put up at least S$1 million in paid-up capital and pass stringent regulatory checks. 1-2-Lend is one of only six firms that cleared that bar and received a fresh licence. That distinction matters because it means the Ministry of Law didn’t just renew an existing licence — they assessed a new applicant from scratch and approved them.

Today we’re welcoming 1 2 Lend Pte. Ltd. as a PickMeALoan aligned lender partner. Their licence (70/2026) has been verified against the Ministry of Law’s register, their borrower track record reviewed, and they’re now fully integrated into our AI-managed matching system.

Here’s what that means for you, and why we chose them.

What is an aligned lender partner?

Not every licensed lender in Singapore clears the bar for aligned partner status on PickMeALoan. 1-2-Lend cleared a higher bar than most: they’re one of only six firms granted a fresh licence after Singapore’s 2012 moratorium, meaning the Ministry of Law assessed them from scratch against stricter requirements including S$1 million in paid-up capital. Our own vetting — licence verification, borrower reviews, operational standards — confirmed the quality their regulatory approval signalled.

Why 1-2-Lend? The new-generation lender that cleared a higher bar

One of six new licences since the moratorium lifted

Singapore’s Ministry of Law imposed a moratorium on new moneylending licences in 2012. When it was eventually lifted, the requirements for new applicants were significantly stricter than what existing licensees had originally faced — including a minimum paid-up capital of S$1 million. 1-2-Lend is one of only six firms that met those requirements and received a new licence.

That matters for borrowers. It means the Ministry of Law didn’t just rubber-stamp a renewal. They evaluated a brand-new applicant’s financial standing, compliance framework, and operational readiness from the ground up. Every licensed lender in Singapore is regulated, but 1-2-Lend was tested against a higher entry standard.

Their current licence is 70/2026, replacing the previous 66/2024 — we’re noting this transparently because changes in licence numbers sometimes cause confusion, and borrowers deserve clarity.

13 loan products — the widest range we’ve seen from a single lender

Most licensed lenders in Singapore offer two or three products. 1-2-Lend offers thirteen. That’s unusual, and it’s worth understanding what that breadth means for borrowers.

Their product range includes personal loans, fast cash loans, business loans, foreigner loans, payday loans, renovation loans, car loans, wedding loans, furniture loans, vacation loans, and several niche products including loans for cosmetic surgery and loans specifically structured for Grab drivers. Each product has its own eligibility criteria and terms.

Why does breadth matter? Because when a lender has a product designed for your specific situation — a foreigner loan rather than a generic personal loan, or a business loan rather than a personal loan repurposed for business use — the terms tend to be better suited to your needs. You’re not fitting a square peg into a round hole.

Borrowers describe competitive fees and friendly service

Across aggregated reviews from multiple platforms, 1-2-Lend’s borrowers consistently highlight two things: competitive fees and a non-intimidating borrowing experience.

Multiple reviewers describe 1-2-Lend as having “the lowest admin fee” compared to other licensed lenders they visited. Their administrative fee is 3.5% flat on the approved loan amount — a one-time charge, not recurring. Borrowers also describe staff who are “very friendly, patient and accommodating” and a process that is “non-threatening.” One borrower noted the team’s professionalism “even though they were already closing.”

That kind of feedback matters in a sector where the borrowing experience can sometimes feel stressful. A lender whose borrowers describe feeling safe and comfortable, rather than pressured, is doing something right at a service level.

Digitalized processes that keep costs down

1-2-Lend has invested in digitalized lending processes, including a SingPass-integrated application portal. That’s not just a convenience feature — it has a structural effect on costs. When a lender digitizes its workflow, it can process applications more efficiently, which means lower operational costs, which means less pressure to pass those costs on to borrowers through higher fees.

They claim to revert to enquiries within ten minutes. Whether or not that’s always achievable, the digital infrastructure behind it means borrowers aren’t waiting days for a response.

Is 1-2-Lend suitable for foreigners?

Yes, and this is one of their notable strengths. 1-2-Lend explicitly offers foreigner loans for foreign workers in Singapore holding a valid Employment Pass of 12 months or more. Borrowing limits depend on annual income:

• Under $10,000: up to $500
• $10,000 to $20,000: up to $3,000
• $20,000 and above: up to 6x monthly income

These limits are set by the Ministry of Law and apply to all licensed lenders. What differentiates 1-2-Lend is that they’ve built a specific product around this segment rather than handling it as an afterthought. If you’re a foreign worker looking for a licensed lender, you can compare foreigner loan options across all our aligned partners.

Approval is always subject to the lender’s assessment of your income, credit profile, and loan amount.

How our lean model benefits borrowers

1-2-Lend has already invested in digitalised processes that keep their operating costs low. PickMeALoan’s AI-driven matching takes that further: because we don’t run a traditional sales operation, there’s no cost burden to push back onto lenders or borrowers. The Ministry of Law caps rates at 4% per month; when you compare offers across all our aligned partners, you see what each lender actually charges for your situation.

1-2-Lend at a glance

How do you access 1-2-Lend through PickMeALoan?

You can also visit 1-2-Lend directly at their People’s Park Complex branch in Chinatown. Comparing first takes two minutes and costs nothing — and you’ll see how their offer sits against other options before deciding.

To see how 1-2-Lend compares against other licensed lenders and banks, visit our licensed lenders directory. You can also learn more about how our matching works.

Frequently asked questions

Last updated: 2 July 2026. Licence 70/2026 verified against the Ministry of Law’s register of licensed lenders (previous licence 66/2024, renewed annually). Google review data sourced from 1-2-Lend’s Google Business listing (4.9-star rating as of 2 July 2026; re-verify at time of publication). All licensed lenders operate under lending regulations set by the Ministry of Law; loan approval is not guaranteed and is subject to each lender’s assessment.

By Daniel Koh, Personal Finance Expert at PickMeALoan.