Here is a list of the 10 best authorized money lenders (licensed by the Ministry of Law) in Singapore:
3 Steps to pick the best authorised money lender in Singapore
1. Ensure that the money lender is licensed by the Ministry of Law
To ensure that you do not land in trouble with the side of the law, make sure you take loans only from licensed money lenders in Singapore. 96BM Credit Pte Ltd is a good example of a licensed moneylender in Singapore. You can even check out the list of licensed moneylenders in Singapore on the Ministry Of Law’s website.
2. The money lender must offer flexible repayment schemes Money lenders should offer flexible options for the borrower to pay back their loan. Typically, most loans should be repaid from anywhere between 6 months all the way up to 10 years.
This ensures that there isn’t too much financial pressure on the borrower when it comes to paying back their loans.
Unnecessary financial pressure can cause a lot of stress and burden for the borrower.
3. The money lender should have a quick approval process
Typically, banks take months in order to get back on a loan application. However, most authorized moneylenders take a few hours to a few weeks to get a loan approved.
At 96BM Credit Pte Ltd, we usually take 30 minutes for a personal loan to be approved.
1) 96BM Credit Pte Ltd
Arguably Singapore’s most efficient moneylender with loan approval times usually within 30 minutes, 96BM Credit Pte Ltd provides a one-stop fuss free money lending experience.
While being readily accessible to everyone at Ubi Avenue, our clients love us because of our excellent customer service.
Address: 302, UBI AVENUE 1, #01-31, SINGAPORE 400302
Contact Number: 6293 5851
2) CASH DIRECT PTE. LTD.
Address: 1187, UPPER SERANGOON ROAD, #01-16, THE MIDTOWN, SINGAPORE 533971
Contact Number: 6635 1300
3) R2D CREDIT PTE. LTD.
Address: BLK 846, YISHUN RING ROAD, #01-3661, SINGAPORE 760846
Contact Number: 6635 1596
4) GOLDSTAR CREDIT PTE. LTD.
I: 183, TOA PAYOH CENTRAL, #01-254, SINGAPORE 310183
II: 1187, UPPER SERANGOON ROAD, #01-21, THE MIDTOWN, SINGAPORE 533971
Contact Number: 6384 0088
5) GAIN CREDIT PTE. LTD.
Address: 807, YISHUN RING ROAD, #01-4197, SINGAPORE 760807
Contact Number: 6438 0113
6) GALAXY CREDIT AND INVESTMENTS PTE LTD
Address: 709, ANG MO KIO AVENUE 8, #01-2595, SINGAPORE 560709
Contact Number: 6438 2322
7) UK CREDIT (S) PTE. LTD.
Address: 210, NEW UPPER CHANGI ROAD, #01-723, SINGAPORE 460210
Contact Number: 6448 7448
8) SOON SENG CREDIT PTE. LTD.
Address: 1, Park Road, #1-21, People’s Park Complex, SINGAPORE 059108
Contact Number: 6292 5693
9) BTB CREDITZ PTE. LTD.
Address: 810, GEYLANG ROAD, #01-05/14, CITY PLAZA, SINGAPORE 409286
Contact Number: 6748 4874
10) OASIS CREDIT SERVICES PTE. LTD.
Address: 442, CLEMENTI AVENUE 3, #01-87, SINGAPORE 120442
Contact Number: 6777 1121
Frequently asked questions about authorised money lenders in Singapore
Go to the Singaporean Law Ministry’s official website to find out.
Payday Loans and car loans are easy to get approval for.
Yes, foreigners are able to get loans in Singapore.
In this article, we share with you what are the top 10 authorised and licensed moneylenders in Singapore.