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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 13 June 2025
A Debt Consolidation Loan is a financial solution that allows individuals to combine multiple unsecured debts—such as credit card balances, personal loans, or medical bills—into a single loan with one fixed monthly repayment. Instead of juggling various interest rates and payment deadlines, you’ll deal with just one lender, one interest rate, and one repayment schedule. This type of loan is especially useful if you’re facing high-interest charges, missed payments, or difficulty tracking multiple debts. By consolidating, you can often lower your overall interest burden, reduce monthly payment stress, and improve your financial stability over time. Additionally, consistent and timely repayments on a consolidation loan can positively affect your credit score, making it easier to access future credit on better terms. In Singapore, licensed moneylenders like Best Licensed Money Lender offer legal and regulated debt consolidation services under the Moneylenders Act. Our approach ensures data privacy, transparent fees, and repayment terms tailored to your income level. We assess your financial profile holistically and customise a solution that aligns with your goals. Whether you’re trying to escape a cycle of revolving credit debt or seeking a simpler path to repayment, a debt consolidation loan can be the turning point toward financial freedom and peace of mind.
$5,000
disbursed
for medical bills
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Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
Interest % (Monthly)
Total Payment
$0Monthly Installment
$0Total Interest
$0
In Singapore, a Debt Consolidation Loan is a strategic tool designed to simplify your debt management. Instead of keeping track of multiple repayments across various credit cards, personal loans, or high-interest credit lines, this loan merges all your unsecured debts into a single, manageable monthly installment.
At Best Licensed Money Lender, we help you streamline your repayment process by offering customised loan packages based on your total outstanding debt and monthly income. Our fast, transparent approval process ensures that you receive clear repayment terms, competitive interest rates, and flexible durations—without hidden charges or complex conditions.
With over a decade of experience and full compliance under the Moneylenders Act, we provide a secure, regulated, and customer-centric solution. Whether you’re facing late payment fees, declining credit scores, or just financial stress, our debt consolidation loan gives you a clear path to regaining financial stability.
Start fresh and move forward with a loan that works in your favour.
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No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
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Submit an application through Singpass Myinfo for fast processing within 3 minutes.
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What is a Debt Consolidation Loan?
What is a Debt Consolidation Loan?
A Debt Consolidation Loan is a financial solution that combines multiple unsecured debts—such as credit card balances, personal loans, and credit lines—into a single monthly repayment plan. It simplifies your finances, reduces the risk of late payments, and can lower your overall interest costs.
Who is eligible for a Debt Consolidation Loan in Singapore?
Who is eligible for a Debt Consolidation Loan in Singapore?
Eligibility typically includes:
Singapore Citizens or Permanent Residents
Must be at least 21 years old.
Minimum annual income of SGD 20,000
Outstanding unsecured debts with at least two or more financial institutions
What types of debts can I consolidate?
What types of debts can I consolidate?
You can consolidate most types of unsecured debts, including:
Credit card balances
Personal loans
Credit lines
Outstanding bills with financial institutions Secured loans like housing or car loans are not eligible.
Will debt consolidation affect my credit score?
Will debt consolidation affect my credit score?
Initially, applying for the loan may result in a soft credit inquiry, but over time, responsible repayment improves your credit standing by reducing multiple open accounts and ensuring timely payments.
How fast can I get a Debt Consolidation Loan with Best Licensed Money Lender?
How fast can I get a Debt Consolidation Loan with Best Licensed Money Lender?
With our efficient online application via SingPass MyInfo, you can receive in-principle approval within minutes and funds disbursed on the same business day—either via PayNow or in-person at our office.
Struggling to keep up with multiple loan payments every month? A Debt Consolidation Loan can help you regain financial control by combining all your unsecured debts into a single, manageable loan. At Best Licensed Money Lender, we offer tailored debt solutions with low interest rates, simplified repayment plans, and complete transparency. Our process is built for convenience—no complex paperwork, fast approval, and clear repayment terms that work with your monthly income. Whether you're dealing with credit card debt, personal loans, or high-interest borrowings, we help you streamline everything into one predictable monthly repayment. What makes us different? We prioritise financial wellness. With a customer-first approach, our team provides non-judgmental guidance and helps you rebuild your credit profile responsibly. As a licensed moneylender regulated by the Ministry of Law, we uphold strict confidentiality and ensure all processes are legal, safe, and secure. Let us support your journey toward financial freedom. Apply online today or speak with our friendly consultants to explore your best path forward. With Best Licensed Money Lender, managing your debts is easier, smarter, and within your reach.
Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
At Best Licensed Moneylender PTE LTD, we make loan applications simple and accessible. Whether you're a Singaporean, PR, or foreigner, we welcome you to apply — as long as you meet the basic eligibility criteria below:
At least 21 years of age
Proof of stable income
Besides banks, licensed money lenders are a great and legal alternative
to secure your loan in Singapore.
Last update 13 Jun 2025
Application Submitted in last 30 days
794
Processing Time average
33min
We are fully licensed by the Registry of Moneylenders and operate in compliance with the Moneylenders Act. This ensures you’re getting your funds from a legal, reliable, and transparent source.
Before offering any loan, we take time to understand your unique financial situation. Our team explains all terms and conditions clearly, so you know exactly what to expect. No jargon, no surprises—just honest, straightforward service.
We go beyond just providing funds. Our personalised loan solutions and responsive support show our commitment to your financial well-being and peace of mind. We listen, understand, and tailor our service to meet your needs.
We take your privacy seriously. Our team follows strict data protection policies to ensure your personal information, loan details, and identification documents stay safe, secure, and completely confidential.
The minimum requirements for applying for a loan depend primarily on your citizenship, income level and age. We welcome Singaporeans/PRs and foreigners.
Singaporeans/PR
Singaporeans or PRs need to present the following:
NRICSingPass login details for CPF, HDB, or IRAS verification Proof of income: CPF contribution history or latest 3 months’ payslipsForeigners
Foreigners need to present the following:
Valid Employment Pass, S Pass, or Work Permit with a minimum validity of 6 monthsPassportProof of income: Latest 3 months' payslipsEmployment contractFor Business Loans
If applying for a business loan, the following additional documents are required:
ACRA Business ProfileProfit and Loss (P&L) statement ACRA Income Tax Reporting SummaryProof of incoming fundsMost recent 6 months of business bank statementsRead latest below or check our reviews on Google
Apr 15, 2025
This is my first time taking money lender loans and the staff explained it to me so well which i am thankful for. good customer service as she guide me slowly step by step on the process. thank you for your help!
Apr 26, 2025
This is my first time going to Best Licensed Moneylender. I had a pleasant experience with Yan Ting as she was very clear and answered all my queries. Would definitely recommend this place to someone who needs quick cash
Apr 10, 2025
First time here. And honestly this was the first money lender I went to that feels so accommodating. The place is nice too. It was a fast transaction where you don’t have to sign any papers yourself. I would like to thank Starry for being nice and for explaining everything. Will recommend this place for sure.
May 21, 2025
First time engaging with Best Licensed, and I had a smooth experience. Special thanks to Mysta, who assisted me with my debt consolidation. She was articulate, attentive, and took the time to clearly explain all possible solutions. I truly appreciate her professionalism and patience. Highly recommend booking your next appointment with her at Best Licensed.
May 27, 2025
⭐️⭐️⭐️⭐️⭐️ Great Service Had a smooth experience with the loan process. Mysta was very professional and helpful — she explained everything clearly and made the process stress-free. Approval and disbursement were fast, just when I needed it most. Appreciate the support and transparency. Highly recommended!
Jun 06, 2025
How to Differentiate Licensed Moneylenders from Illegal MoneylendersProspective clients can identify licensed moneylenders through the presence of a Singpass application function. This is such as the installation of said function requires approval from the Ministry of Law – the regulator of licensed moneylenders in Singapore. At Best Licensed Moneylender in Singapore, we always advise our clients to submit applications via Singpass. Using Myinfo to retrieve your details, this also enables us to perform accurate assessments and provide faster in-principal approvals within 3 minutes.
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Licensed Moneylenders: What You Should Know Before BorrowingBorrowing money can be challenging, particularly for newcomers from abroad. Even locals often face difficulties when seeking loans from traditional banks. However, the presence of a reputable licensed moneylender, whose operations are regulated by the Ministry of Law, provides a reliable and secure alternative for individuals in need of quick cash. Unfortunately, some locals and foreigners in urgent financial situations fall prey to loan shark offers. These illicit lenders engage in high-risk and unregulated activities, manipulating loan terms and pressuring vulnerable borrowers into making exorbitant payments. Moreover, they resort to harassment tactics against borrowers who default on payments, fail to meet their obligations or seek assistance from authorities. Therefore, it is essential to familiarize oneself with licensed moneylenders and exercise caution before borrowing from them.
Jun 06, 2025
How to Identify and Avoid Loan Scams in Singapore?Borrowing money becomes a necessity when the need arises, providing valuable financial assistance. However, it’s crucial to be aware that money scams are increasingly prevalent in Singapore. It is essential to stay vigilant and check for Singapore loan scams to avoid falling victim to fraudulent schemes that could lead to further debt. These scams often target vulnerable borrowers, emphasizing the importance of being informed about the tactics employed by con artists in today’s landscape. The Singapore Police Force reported that 1700 incidents involving at least $6.8 million in fraud were recorded between January and November 2019. All of them could have connections to illicit moneylending. Borrowers can protect themselves from loan scams by having proper knowledge and awareness. This blog post will guide you on identifying and avoiding loan scams in Singapore!
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A Step-by-Step Guide to Applying for a Personal Loan in SingaporeSecuring a personal loan has become increasingly prevalent in Singapore. Unlike other types of loans, a personal loan is not backed by real estate or other assets. Instead, these loans rely on the borrower’s integrity and creditworthiness. However, if you’re new to the process, applying for a loan can be challenging. Once you have decided, you just have to find out where and how to apply for a personal loan. It’s important for you to know the right steps for a personal loan application. In this blog, we have compiled a list of some essential steps that make your personal loan procedure seamless!
