Soon Seng Credit Review (2026)

Updated Jan 2026
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Review Summary

Based on publicly available information and borrower feedback, Soon Seng Credit is a long-established licensed moneylender in Singapore, best known for its Chinatown branch and high volume of customer reviews. The lender is frequently praised for patient explanations, friendly loan officers, and fast processing, especially for borrowers who value in-person guidance.

With close to 4,000 Google reviews and a near-perfect 5.0 rating, Soon Seng Credit is often shortlisted by borrowers comparing traditional licensed moneylenders rather than fully digital platforms.

That said, some others reviews highlight strict income verification, reduced approved loan amounts, or dissatisfaction when expectations did not align with regulatory limits. These patterns are consistent with a lender that adheres closely to Ministry of Law requirements.

Soon Seng Credit is best suited for borrowers who prefer face-to-face service, clear explanations, and compliance-driven assessments, rather than those seeking guaranteed approval or loans without income proof.

Google Reviews & Borrower Sentiment

Overall Rating

5.0
★★★★★
Based on 3,900 Google reviews
This rating reflects feedback submitted directly by borrowers on Google Maps.
Data last pulled: January 2026

Common Review Themes

Based on Google’s automated review insights, borrowers most frequently mention:

Patient, friendly loan officers
Clear explanations of loan terms
Fast and efficient process
Professional service
Strict Eligibility Assessment
Review themes are generated by Google based on recurring keywords in customer reviews.
Data last pulled: January 2026

Selected Google Review Excerpts

★★★★★
“Janet was there to assist me. a nice and soft speaking lady, provide me with valuable advises. and the process was fast. highly recommended..

thank you Janet.”
— denteo, Google Review
★★★★★
“I would like to say intro my friend come Soon Seng credit . Their staff very helpful and very patience explained to me very detailed . Thumb up for Vicky , she is very nice and very helpful :)”
— tan karen, Google Review
★★★★★
“Great experience with Soon Seng Credit. Bernie had answered all my enquiry and provide great services. Highly recommend”
— Terry Ong, Google Review

List of Reputable Licensed Moneylenders Available on PickMeALoan

Updated Jan 2026

Compare key loan details from licensed moneylenders in Singapore, including monthly interest rates, borrower ratings, and availability on PickMeALoan. This table highlights the most relevant factors to consider when evaluating licensed moneylenders, such as transparency, repayment terms, and borrower feedback.

If you want a deeper guide on how to compare personal loans in Singapore, you can read our full comparison guide here.

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Loan outcomes remain subject to individual assessment.
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Crawfort Up to 4% ⭐ 4.9
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Jefflee Credit Up to 4% ⭐ 4.8
BST Credit Up to 4% ⭐ 4.9
Lending Bee Up to 4% ⭐ 5.0
OT Credit Up to 4% ⭐ 4.9
Soon Seng Credit Up to 4% ⭐ 5.0
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Frequently Asked Questions

Clear answers to help you secure the best personal loan deals in Singapore.

Is Soon Seng Credit a licensed moneylender in Singapore?

Yes. Soon Seng Credit is a licensed moneylender regulated by Singapore’s Ministry of Law, and operates physical branches in Singapore.

Why does Soon Seng Credit require income proof?

Soon Seng Credit requires income proof to comply with Customer Due Diligence (CDD) requirements under Singapore’s moneylending regulations. This helps assess repayment ability and ensure responsible lending

Can unemployed applicants get a loan from Soon Seng Credit?

In general, loans are not approved without income proof. Licensed moneylenders are required to assess affordability and are not allowed to issue loans without verifying repayment capacity.

Why was my approved loan amount lower than what I requested?

Approved loan amounts may be adjusted based on income level, existing debts, and overall repayment capacity. This is a common practice among licensed moneylenders to comply with regulatory limits.

Is Soon Seng Credit good for first-time borrowers?

Based on borrower reviews, Soon Seng Credit is often considered suitable for first-time borrowers due to patient explanations, clear guidance, and in-person support.

Does Soon Seng Credit pressure borrowers to take a loan?

There are no consistent Google review patterns indicating aggressive or pushy sales behaviour. Most feedback highlights a calm and advisory approach.

How is Soon Seng Credit’s customer service?

Customer service is frequently praised in Google reviews, with borrowers highlighting friendliness, patience, professionalism, and clear explanations from loan officers.

Are the Google reviews for Soon Seng Credit reliable?

With thousands of reviews and consistent themes over time, the Google reviews for Soon Seng Credit show strong credibility and are generally considered reliable.

How does Soon Seng Credit compare to other licensed moneylenders?

Soon Seng Credit is often compared with other traditional licensed moneylenders. It stands out for its high review volume and emphasis on face-to-face service rather than fully digital applications.

Should I compare Soon Seng Credit with other licensed moneylenders?

Yes. Comparing licensed moneylenders helps borrowers understand differences in interest rates, repayment terms, approval criteria, and service approach before choosing a lender.

Is Soon Seng Credit a PickMeALoan Aligned Partner?

Soon Seng Credit is not an aligned partner. They may be featured on PickMeALoan as part of a broader comparison of licensed moneylenders. Inclusion does not guarantee approval or specific loan terms.

Is PickMeALoan affiliated with Soon Seng Credit?

No. PickMeALoan is an independent loan comparison platform. We do not issue loans and are not owned by Soon Seng Credit.

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