Licensed Lenders in Singapore (2026)
Compare verified licensed lenders based on borrower reviews, interest rates, and loan types. All lenders regulated by the Ministry of Law.
Aligned partners share PickMeALoan's borrower-first values — competitive pricing, AI-driven matching, and strong respect for borrower privacy. Availability on PickMeALoan does not depend on branch location.
| Aligned | Lender | Monthly Rate | Rating |
|---|---|---|---|
| EZ Loan | From 1.88%ⓘ | ||
| Singa Credit | From 2.00%ⓘ | ||
| Best Licensed Moneylender | From 2.18%ⓘ | ||
| Finance Buddy | From 2%ⓘ | ||
| Credit Xtra | From 3.00%ⓘ | ||
| 1-2-Lend | From 3.30%ⓘ | ||
| SGP Credit | From 3.92%ⓘ | ||
| Crawfort | Up to 4% | ||
| Quick Credit | Up to 4% | ||
| Cash Direct | Up to 4% | ||
| Jefflee Credit | Up to 4% | ||
| BST Credit | Up to 4% | ||
| Lending Bee | Up to 4% | ||
| OT Credit | Up to 4% | ||
| Soon Seng Credit | Up to 4% |
How to Choose a Licensed Lender
Choosing the right licensed lender can save you hundreds in interest. Here’s what to consider:
Verify Their Licence
Always check the Ministry of Law’s official register before borrowing. Licensed lenders operate from registered addresses, display their licence, and comply with regulated interest rate caps.
Compare Rates and Fees
Interest rates range from 1% to 4% per month across licensed lenders. Processing fees can be up to 10% of the loan amount. Compare total repayment cost, not just the monthly rate.
The rates shown in the directory above are each lender’s own advertised starting rates. The lowest matched rate available through PickMeALoan — from 0.82% per month (9.88% p.a.) — is a personalised, profile-dependent rate secured through our rate-match guarantee, not a fixed list price published by any single lender in this directory.
Read Borrower Reviews
Google reviews and borrower feedback reveal a lender’s actual service quality — responsiveness, transparency, and professionalism during the application process.
Use PickMeALoan
Instead of visiting licensed lenders one by one, use PickMeALoan to compare offers from multiple licensed lenders simultaneously. One application, multiple offers, no obligation.
Your Rights as a Borrower
Under Singapore’s Moneylenders Act, you have the right to:
- Receive a copy of your loan agreement before signing
- Clear disclosure of all fees and charges including interest rate, processing fee, and late payment fee
- Have all loan terms explained before you sign, and receive a copy of the contract
- Capped fees — late fees at $60/month maximum, processing fees at 10% maximum
- File complaints with the Registry of Moneylenders if a lender violates regulations
Central Singapore
8 lendersCity Hall, Chinatown, Lavender, Clarke Quay
EZ Loan
Streamlined application process with some of the lowest rates among licensed lenders.
Aligned PartnerSinga Credit
Popular lender with excellent borrower feedback and competitive pricing.
Aligned PartnerBest Licensed Moneylender
Highly-rated lender serving borrowers across Singapore with transparent terms.
Aligned PartnerFinance Buddy
Licensed lender focused on borrower experience with clear, upfront terms.
Aligned PartnerCredit Xtra
PickMeALoan aligned partner based in Chinatown with transparent lending practices.
Aligned Partner1-2-Lend
Licensed lender in Chinatown offering competitive loan products.
Crawfort
Well-known licensed lender with multiple branches across Singapore.
Soon Seng Credit
Long-standing licensed lender with strong community reputation in Chinatown.
West Singapore
7 lendersJurong, Clementi
SGP Credit
Licensed lender with strong customer feedback and competitive rates.
Quick Credit
Established licensed lender with strong borrower reviews and transparent terms.
Cash Direct
Licensed lender offering same-day loans with straightforward application.
Jefflee Credit
Established licensed lender offering various personal loan products.
BST Credit
Licensed lender offering personal and business loans.
Lending Bee
Popular lender known for competitive rates with branches across Singapore.
OT Credit
Licensed lender serving Singapore citizens, PRs, and foreigners.
What our customers are saying
Real reviews from borrowers who used PickMeALoan.
Frequently Asked Questions
- Check the Ministry of Law's official list at rom.mlaw.gov.sg. All licensed lenders must display their licence number at their premises and in advertisements.
- Licensed lenders are capped at 4% per month on the reducing principal balance. Any higher rate is illegal.
- Yes. Licensed lenders are regulated by the Ministry of Law, must comply with the Moneylenders Act, and face penalties for non-compliance. Always verify the lender's licence before borrowing.
- Licensed lenders offer faster approval, more flexible eligibility, and serve borrowers that banks may reject. Banks typically offer lower interest rates but have stricter income and credit requirements.
- Yes, but your total borrowings across all licensed lenders cannot exceed the cap set under the Moneylenders Act based on your income. The aggregate limit is tracked across all licensed lenders.
- 'From X%' means the lender's lowest advertised monthly rate for qualified borrowers — your actual rate depends on loan amount, tenure, and credit profile. 'Up to 4%' means the lender charges the legal maximum of 4% per month. Aligned partners on PickMeALoan typically offer rates below the 4% cap.