Lending Bee Review: Rates, Fees & Alternatives

Lending Bee does not publish a personal-loan rate for your profile. Its pages state the legal 4% monthly cap and fee ceilings instead, so what you actually pay, and how much cash you receive after the administrative fee, only appears in a written offer.

That is the reason to compare before you commit. Request the same amount and repayment period from each lender, then compare the cash you receive, every fee, the instalments and total repayment. Compare personal loan options through PickMeALoan to request offers from its participating licensed lenders in one application. 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 Lending Bee charge?

Lending Bee does not publish a borrower-specific personal-loan rate or EIR. Its personal-loan page repeats the legal maximums instead, so the figures below are ceilings and examples rather than a quote.

The administrative fee is the figure to watch, because it can reduce the cash you receive. Lending Bee says the actual fee, rate, repayment schedule and amount disbursed are shown before signing. The Ministry of Law borrower guide also limits late interest to the amount repaid late and caps total interest, late interest and fees at the loan principal. These are legal maxima, not typical or recommended charges.

How does Lending Bee compare with PickMeALoan’s participating lenders?

Lending Bee is not currently offered through PickMeALoan, so its quote has to come from Lending Bee 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 Lending Bee row uses its personal-loan page, which states the 4% monthly cap rather than a rate for your profile.

Get Lending Bee’s written offer, then compare personal loan options through PickMeALoan using the same amount and repayment period. Compare cash received, fees, total repayment, due dates and where you need to go for identity verification.

What are Lending Bee’s strengths and limitations?

Lending Bee’s public information is most useful on the practical side: four branches, clear fee categories and an example of how an upfront fee reduces the cash you receive. The decision still turns on the written offer and whether the repayment fits your existing obligations.

What can you borrow from Lending Bee, and who is eligible?

For its short-term loans, Lending Bee lists Singaporeans, PRs and WP, S Pass and EP holders aged 21 or above, employed or self-employed, with documents for verification. That is product-specific guidance, not an approval rule, so ask which documents and criteria apply to your loan.

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:

Lending Bee’s personal-loan page says the repayment tenure is agreed in the contract, up to a maximum of 35 months depending on the amount and affordability. Ask for the number of instalments, due dates and total repayment before accepting.

How does the Lending Bee application process work?

Lending Bee’s site describes an online application with Singpass/MyInfo, a document and affordability check, then a branch visit. 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 branch step.

Who may find Lending Bee useful?

• Borrowers who want a choice of branches

  Four listed branches in Orchard, Bedok, Yishun and Jurong East give a choice of where to complete face-to-face verification.

• Borrowers who need an illustrative cash-received check

  The official personal-loan page explains how an upfront administrative fee can reduce the amount disbursed from the approved principal.

• Borrowers considering a separate SME facility

  The business-loan page describes ACRA registration, a six-month operating history and company-level assessment; request corporate terms separately.

• Borrowers willing to compare written offers

  Lending Bee does not publish a rate for your profile, so the written offer matters more than the headline cap or timing.

Where is Lending Bee and what should you confirm?

The Registry lists these Lending Bee locations and one contact number: Orchard at 14 Scotts Road, #02-44/45 Far East Plaza; Bedok at 205 Bedok North Street 1, #01-379; Yishun at 925 Yishun Central 1, #01-233; and Jurong East at 135 Jurong Gateway Road, #01-333, 01-331 J Connect. The Registry lists 6261 5696 as the landline. The official site gives branch-specific phone numbers, so confirm the selected branch and hours before travelling.

What should you check before accepting a Lending Bee offer?

Lending Bee publishes its fee categories and caps but not a rate for your profile. 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.