
The Best Licensed Money Lenders in Singapore for Fast Personal Loans
To date, there are around 156 licensed moneylenders in Singapore, and all of them claim to be the best. That’s why it is quite tough to find a trustworthy, reliable, and reasonable moneylender, especially when you urgently want a fast cash loan. Our research team is trying to make your job easier by doing the entire research work to find you with the best money lenders.
A Quick Note:
You need to note that not all the money lenders can fulfil the criteria of being the best one. There are a few essential factors which must be met:
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Top 8 Featured Licensed Money Lenders in Singapore
If you are looking for reputable with best reviewed licensed money lenders in Singapore? Here you go, you don’t need to search anymore because we have featured a list of the top best licensed money lenders in Singapore.

Crawfort Finance
Google Review Rating: 4.8 (899 reviews)
Singapore’s Fastest-Growing Micro Financing Company
Why spend another day shopping around for a fast loan? You need cash, and you need it fast. Through their tech-enabled algorithm, Crawfort Finance can approve your personal loans within 8 minutes, the fastest ever in Singapore.
Crawfort Finance is one of the most famous and reputable money lenders in Singapore. Licensed under Registry of Moneylenders – Ministry of Law, it fully complies with the laws and regulations and follows responsible lending practices. It is a well-established and trustworthy financial institution, providing affordable moneylending solutions for both Singapore citizen and permanent resident. At Crawfort, you can find low-interest rates and ease of access to its various loan products. It also fulfills one of the most critical factors of the highest positive rating and enjoys 4.8 ratings from over 899 customer reviews. Among the most reviewed lending company. The positive rating is proof that the company provides exceptional customer service. In addition, it also addresses its clients’ needs.
Another most significant feature of Crawfort is having a concise turnaround time. You don’t have to wait for days or months to get your loan application approved. It takes pride in offering fast online personal loan where you can apply in just 8 minutes. It digitalised the entire loan process. The workflow is highly efficient as well as convenient. All you need to do is to submit your loan application either on their website or by visiting them personally. After the submission, you will receive the status of your application in less than an hour. That is all! You only need to visit Crawfort and get your funds right away!


Monetium Credit
Google Review Rating: 4.8 (262 reviews)
One of the top 8 licensed money lenders in Singapore is Monetium Credit. Based in 10 Jalan Besar Sim Lim Tower, values flexibility, transparency, swiftness, and efficiency. It gains a 4.8 rating from 262 reviews. Another pride of the company is that it has 8 service counters. The use of digital technology is also present. It also has a lounge area wherein food and drinks are provided to the waiting clients. It also gives its clients for short term and monthly instalment the most flexible repayment schedule.
Lending Bee
Google Review Rating: 4.9 (430 reviews)
Another licensed money lender on the list is Lending Bee. It is a subsidiary company of Credit 21 Pte Ltd. Currently have a 4.9 rating from 430 existing reviews. Among its advantages is that it serves multiple locations: Far East Plaza (Orchard), Tao Payoh, Bedok North, and Jurong East. Currently, it can allow unsecured loan borrowings up to $100,000 and a secured loan of up to 2 million. With a longer loan tenure of up to 36 months for its unsecured loan. As a customer-centric company, it uses easy-to-use online form loan applications for convenience. It also employs an online system where borrowers can check their loan status.
Credit Excel Capital
Google Review Rating: 4.2 (24 reviews)
The next best money lender on our list is Credit Excel Capital having 4.2/5 ratings from 24 reviews. To keep your daily business activities running and help you meet your expenses, Credit Excel Capital is one of the best choices you can make. It has over 9 years of experience in the industry. Provides fast and efficient loan approval and monthly installments loans at a very low-interest rate
Credit Excel Capital is not only working for the locals, but it is also helping the foreigners to meet their needs in tough times. It is working with a mission to help everyone residing in Singapore, whether local or foreigner. Moreover, their procedures and processes are hassle-free, fast, and straightforward. Just like the previous two companies, their staff is highly friendly as well as experienced and will help you even on Sundays. It also promises to keep all their clients’ information confidential.
Credit Hub Capital
Google Review Rating: 4.3 (57 reviews)
One of the best money lenders in Singapore is Credit Hub Capital. It has 4.3/5 from 57 customer reviews. This company is also counted as the top-rated due to the immense benefits it provides. Credit Hub Capital is working intending to ease the loan process in Singapore. We all are aware that acquiring a loan in Singapore is no less than a nightmare, especially when you have low credit. To eliminate this complication and to help the customers, this company is offering amazing features.
It gives you access to fast cash in less than an hour. Their interest rates and minimal and highly competitive. Moreover, it doesn’t charge hefty fees like many other money lenders in the market as well as banks. Furthermore, the repayment schedules are also fixed, and you’ll get 100% privacy and confidentiality by choosing this moneylender.
QV Credit
Google Review Rating: 4.8 (104 reviews)
The next excellent money lending company on the list is QV Credit. It has a 4.8/5 ratings from 104 existing reviews. It is one of those great companies with no hidden costs and easy to understand terms and conditions and lots of amazing packages. There are absolutely no surprises after you are done with the process.
It offers an easy and straightforward online application with fast approval. Moreover, even if you have a low income, you are eligible for this loan.
Cash Mart
Google Review Rating: 4.4 (125 reviews)
Recognised as one of the best money lenders in Singapore is Cash Mart. With over 100 reviews from its clients, it has a 4.4/5 rating. Same as other money lending companies we have mentioned before, this company also offers quick and easy services. With more than 50,000 customers, this company enjoys a rating of 4.4 with about 125 existing reviews. Moreover, it is also an A+ rating.
Credit Culture
Google Review Rating: 4.0 (17 reviews)
Credit Culture Pte Ltd is a subsidiary of Dey Pte Ltd. has an aim to provide competitive interest rates for personal loans. Its monthly interest is capped at 4% with no hidden charges. The maximum loanable amount is up to $50,000. With its digitalised technology it generates straightforward real-time personalised interest rates. Getting also a real-time estimate of the monthly loan instalment is also possible. It specialises in offering personal loans for any occasion: credit card/debt consolidation, wedding, renovation, and medical expenses.
To date, this licensed moneylender has a 4.0 rating from 17 online reviews.
Things To Consider Before Choosing A Money Lender
There are many fraudulent actions when it comes to money lenders in Singapore. To regulate this act the Ministry of Law in Singapore has defined some rules which need to follow by all the money lenders. These guidelines are also made available to the public so that everyone can be aware of the money lending activities to prevent falling victim to fraud.

Guidelines on Moneylending
- If a moneylending company grants you loan regardless of how much you earn in a year, then you will have to pay a maximum of 4% interest rate every month.
- It is a requirement for the license lenders to calculate the amount of interest-based on reducing the balance. It means that they should charge you with an interest rate of 4% on the repayment every month.
- A money lender can charge you only a 10% fee as administrative charges which is paid immediately.
- Only $60 per month is charged from you if you make a late repayment.
- The interest rate on late repayments is charged only till they remain unpaid.
- The cost of loan borrowing should not be more than the total principal loan.
How to protect yourself from illegal and fraudulent money lenders?
To protect yourself from illegal money lenders, you must check whether they are licensed or not. It is easy to obtain proof of their licensing. There are more than 150 licensed money lenders, so you have got a lot of options to choose from. Licensed money lenders are those who fulfill all the requirements by the Ministry of Law (Registry of Moneylenders).
Another way to point out a legal money lender is that a legitimate lender will never hide the terms and conditions from you and will give you time to read them so that you can sign a contract. So, make sure you read and understand the requirements before moving ahead.
Thirdly, a legal money lender will only take a 10% fee (of the principal amount) from you. Moreover, also check out the reviews of moneylenders before choosing one.
Following are hints that you are dealing with an illegal money lender:
- Requesting you to transfer them for a loan processing admin fee upfront
- Asking to share your SingPass User ID or password (Never share your credentials)
- Giving you a blank paper to sign the contract
- Providing your contract to sign without giving you the terms and conditions first
- Sending you SMS to advertise their company and services
- Approving your loan application immediately over the phone or even on SMS
If you encounter any of the above, you are in the wrong hands!
The way how a money lender advertises also says a lot. A legal an authentic money lender will only advertise on:
- Its website
- Consumer directories or business directories
- Advertisements outside the physical office
The advertisements coming from emails, flyers, and SMS are an indication of a false moneylender.
So, before heading to get your loan from a moneylender, you need to:
- Prepare all your necessary documentation to complete the paperwork
- Your proof of residency such a letter from the landlord with your name and address are written on it.
- Your identity or proof of verification.
- Your appointment letter from the office
- Your payslip (must not be 3-months old)

If you are foreigner, then you need to show:
- Employment pass or work permit
- Passport
- Proof of employment like a company or staff pass, appointment letter and payslip
- Proof of your residency
- A bank account statement (in your salary bank)
Keep in mind that a reputable and licensed moneylender will never ask you to provide your password.
Thus, if you want profit for your business or need money, then you should only go to legal moneylenders. We have compiled all this information for you to save from the hassle of finding an excellent moneylender from the comfort of your home.
Money lender responsibility before granting a loan:
Informing you about your principal loan is not enough, a licensed moneylender must inform you clearly about their terms and conditions. They must be transparent in discussing with you the following:
- Interest Rate
- All fees required
- Late Interest Charges
- Schedule of Repayment
- Cautionary statement to the borrower
A licensed moneylender will always abide by the law. It will make sure that you clearly understand the information listed above. They will never hide any information from you. Additionally, they personally explained to you the cautionary statement. It contains the criteria of an abusive money lender and a warning not to accept this type of lender. As proof that you’ve understood this statement, you are required to affix your signature.
What to do after loan approval?
To ensure that you are not a victim of scams, make sure that the money lender delivers the exact principal amount. Take note also that they are only allowed to deduct a fee of up to 10% of your principal loan amount.
Once you have claimed the principal amount, it is now your responsibility to follow the terms and conditions. Additionally, take note of the following upon receiving and when it’s time for your repayment:
- You must have a copy of loan agreement
- Obtain a copy of receipt every time you made payment for the fees and also with your repayment
- You must receive a copy of your statement of account at least once every January and July and make sure that the information is correct – your name, amount paid and the loan balance
- Keep the important documents -receipts and statement of accounts safely
Keep in mind that a reputable and licensed moneylender will never ask you to provide your password. Always remember, they will guide you all throughout your lending experience, even after your loan approval.
Thus, if you want some extra funds for business or for personal needs, then you should only go to legal moneylenders. We have compiled all this information for you, to save from the hassle of finding an excellent moneylender from the comfort of your home.
FAQs About Licensed Moneylenders

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