EZ Loan Review 2026: Is EZ Loan Legit?

EZ Loan advertises rates from 0.82% per month for eligible applicants, but it does not publish a rate for every borrower. What you pay, and how much cash you receive after any administrative fee, only appears in a written offer.

Because EZ Loan participates in PickMeALoan, one application can request its offer alongside other participating licensed lenders. Compare personal loan options through PickMeALoan, then compare the same amount and repayment period for cash received, fees, instalments and total repayment. 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 EZ Loan charge?

EZ Loan’s public page says it advertises rates from 0.82% per month for eligible applicants, and that it puts every rate and fee in writing. It does not publish a rate table, so you cannot work out your own cost from its website.

The Ministry of Law’s borrower guide sets the legal limits for licensed lenders: interest up to 4% per month, late interest up to 4% per month on the amount repaid late, an upfront administrative fee up to 10% of principal, a late fee up to S$60 for each month of late repayment, and total charges no higher than the principal. These are maximum limits, not a sign of a good price. Compare the actual total repayment and payment schedule.

How does EZ Loan compare with PickMeALoan’s other participating lenders?

EZ Loan is one of five PickMeALoan participating lenders, with Best Licensed Moneylender, Credit Xtra, SGP Credit and Singa Credit. PickMeALoan coordinates the offer process and delivers offers in WhatsApp rather than handing your contact details to every lender for direct sales calls. You choose which offers to take forward. PickMeALoan does not lend money or decide approval.

The 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.

Compare like with like. Use the same loan amount and repayment period, then write down the cash received, every fee, each instalment, and total repayment. Also compare branch location, opening hours, early-repayment terms, and what happens if a payment is late. Read our reviews of Best Licensed Moneylender, Credit Xtra, SGP Credit and Singa Credit, or compare personal loan options.

Is EZ Loan legit and licensed in Singapore?

Yes. The Ministry of Law’s licensed moneylender list dated 1 July 2026 lists EZ Loan Pte. Ltd., licence 19/2026, at 6 Raffles Boulevard, #03-308, Marina Square, Singapore 039594, with the landline 6291 2832 and the website ezloan.com.sg. EZ Loan’s own website identifies the same legal entity and licence number.

One point worth knowing: several unrelated Singapore businesses trade under similar “EZ” names, and search results mix them together. The entity in this review is EZ Loan Pte. Ltd. at ezloan.com.sg, not any similarly named lender. Check the entity name, website, and address together rather than the brand name alone.

Licence details can change. Before visiting, applying, or sharing personal information, open the current Ministry of Law list and check that the entity name, website, phone number, and approved business address still match. The Ministry also warns that licensed moneylenders cannot solicit loans through SMS, phone calls, or social media, and must verify a borrower’s identity face to face at the approved place of business before granting a loan.

This EZ Loan review was fact-checked against the Ministry of Law registry and EZ Loan’s current website on 30 July 2026, and its rate evidence on 10 September 2026. PickMeALoan is a loan comparison and application platform, not a bank or moneylender. EZ Loan is a PickMeALoan participating lender; read the announcement of EZ Loan joining PickMeALoan for what that means and does not mean for your offer.

What are the strengths and limitations in this EZ Loan review?

The main advantage is breadth and convenience. The product menu covers more borrowing purposes than most licensed lenders publish, and two central offices give you a choice of location. The trade-off is the same one that applies across this industry: the process cannot be completed fully online, and an advertised turnaround time tells you nothing about whether the final terms are affordable for you.

We have not presented a Google star score here. Public ratings and review counts change frequently, sources disagree on EZ Loan’s figures, and individual reviews cannot establish the cost or suitability of your own loan. If you read EZ Loan reviews on Google or another public platform, sort by newest and look for specific comments about explanations, documents, repayment handling, and problem resolution rather than relying on the average alone.

What can you borrow from EZ Loan, and who is eligible?

Product labels are not loan terms. A dedicated page for your situation does not mean a better price. Ask EZ Loan for the principal disbursed, interest rate, administrative fee, repayment frequency, number of instalments, late charges, and total repayment for your exact offer.

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, including work pass holders applying for EZ Loan’s foreigner loan:

How does the EZ Loan application process work?

You can start with an enquiry, or request EZ Loan’s offer through a PickMeALoan application alongside other participating lenders. Ministry of Law rules require face-to-face identity verification at the licensed lender’s approved place of business before a loan is granted. Bring your NRIC or work pass, proof of income, and proof of address.

Read the Note of Contract before signing. Check the principal you will receive, interest, fees, instalment dates, late charges, and total repayment, and ask for an explanation in a language you understand. Never give anyone your Singpass password, and do not pay “GST”, processing, or other advance fees to a person who contacted you unexpectedly by message or phone.

Who may find EZ Loan suitable?

• Borrowers with a specific, non-standard purpose

  The published product menu covers more borrowing purposes than most licensed lenders list, so it is worth naming your exact need when you enquire.

• People who work in or near the Marina and City Hall area

  Both offices are central and within a short walk of an MRT station, which makes the required in-person visit easier to fit around a working day.

• Work pass holders comparing licensed options

  EZ Loan lists a dedicated foreigner loan, though borrowing limits set by the Ministry of Law still apply and approval is not guaranteed.

• Borrowers who want to compare before committing

  EZ Loan participates in PickMeALoan, so its offer can be placed next to others from a single application.

Who should consider alternatives?

Look beyond EZ Loan if you qualify for a lower-cost bank or financial-institution loan, cannot visit Marina Square or Beach Road in person, need Sunday service, or want a lender that publishes a rate for your profile before you apply. You should also pause borrowing altogether if the repayment would leave too little for rent, food, utilities, transport, or existing debts.

The Ministry of Law advises borrowers to consider government financial-assistance schemes, borrow only what they need and can repay, and shop around before committing. If you already have debt trouble, a new loan may move the problem rather than solve it. Our guide to why loans get declined covers the eligibility issues that most often cause a rejection.

For a direct provider comparison, read Crawfort versus EZ Loan. Crawfort and Finance Buddy are covered for independent research but are not currently available for offers through PickMeALoan. Before choosing any provider, read how to borrow money in Singapore and use the licensed moneylenders directory to understand verification, costs, and borrower protections.

Where is EZ Loan located and when is it open?

EZ Loan’s address on the Ministry of Law list is 6 Raffles Boulevard, #03-308, Marina Square, Singapore 039594. The office is on the third floor, inside the JustCo co-working space. From Esplanade MRT take the exit towards Marina Square; from Promenade MRT walk through to the same mall.

EZ Loan also lists a second office at 3 Beach Road, #01-4853, Beach Road Gardens, Singapore 190003, on the ground floor and roughly five minutes from Nicoll Highway MRT. Its website lists opening hours of 11:00 AM to 7:00 PM, Monday to Saturday, with Sundays and public holidays closed. The listed phone number is +65 6291 2832.

Because only the address recorded on the Ministry of Law list is the approved place of business, confirm which office to attend before travelling. Business details and hours can change.

What should you check before accepting an EZ Loan offer?

EZ Loan’s advertised starting rate is a reason to request its offer, not proof that it will be the right loan. Compare its written offer with other participating lenders’ offers for the same amount and repayment period, and choose only a repayment you can sustain. Applying does not guarantee approval, a particular rate, or a particular loan amount.