Finding a licensed money lender in Singapore is the safest way to get extra funds when you need quick, legal, and manageable borrowing. licensed money lender in Singapore are regulated under the Moneylenders Act and must follow strict rules that protect borrowers — from fair interest rates to clear contracts and proper repayment terms.
Start by checking the official list of licensed money lenders. This directory is updated regularly and shows each lender’s business name, license number, and address, so you can be sure they’re legally approved. Many licensed lenders are based in convenient areas like Bugis, Ubi, Tanjong Pagar, Geylang, and Jurong, making it easy to find one close to work or home.
A licensed money lender will always explain the loan terms upfront, including the total amount, interest rate, repayment schedule, and any late fees. They won’t ask for upfront payments or push you to borrow more than you can manage. You’ll also get a written contract — read it carefully before signing and keep a copy for your records.
To apply, you’ll need documents like your NRIC, proof of income, and sometimes recent bills to confirm your address. Some lenders can approve and disburse loans quickly, sometimes on the same day if you bring everything they need.
Always avoid lenders who reach out through unofficial channels, promise unrealistic amounts with no checks, or don’t appear on the official licensed directory. Using a trusted, licensed money lender means you get the funds you need without the risk of scams or hidden terms — giving you peace of mind and full legal protection under Singapore law.
Start by checking the official list of licensed money lenders. This directory is updated regularly and shows each lender’s business name, license number, and address, so you can be sure they’re legally approved. Many licensed lenders are based in convenient areas like Bugis, Ubi, Tanjong Pagar, Geylang, and Jurong, making it easy to find one close to work or home.
A licensed money lender will always explain the loan terms upfront, including the total amount, interest rate, repayment schedule, and any late fees. They won’t ask for upfront payments or push you to borrow more than you can manage. You’ll also get a written contract — read it carefully before signing and keep a copy for your records.
To apply, you’ll need documents like your NRIC, proof of income, and sometimes recent bills to confirm your address. Some lenders can approve and disburse loans quickly, sometimes on the same day if you bring everything they need.
Always avoid lenders who reach out through unofficial channels, promise unrealistic amounts with no checks, or don’t appear on the official licensed directory. Using a trusted, licensed money lender means you get the funds you need without the risk of scams or hidden terms — giving you peace of mind and full legal protection under Singapore law.