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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 4 July 2025
An education loan is a type of personal financing designed to help individuals manage the high costs of further education. In Singapore, where tuition fees and academic expenses can be substantial, education loans provide a practical solution for students, working professionals, and even parents who want to fund higher learning without depleting their savings. Unlike traditional student loans that are limited to specific institutions or government-backed schemes, private education loans from licensed moneylenders like Best Licensed Moneylender offer greater flexibility and faster access. These loans can be used to pay for tuition fees, course materials, examination fees, registration costs, and even overseas study expenses. Education loans are usually unsecured, which means you don’t need to pledge any collateral. Repayments are structured into manageable monthly installments, often with a fixed interest rate. This makes it easier to plan your budget and avoid unexpected financial stress during your studies. Whether you’re pursuing a university degree, vocational training, or upskilling through short-term courses, an education loan allows you to stay focused on your academic journey while staying financially afloat. At Best Licensed Moneylender, we simplify the borrowing process with fast approvals, minimal paperwork, and personalised service. Our goal is to ensure that your pursuit of education is never limited by financial constraints.
$5,000
disbursed
for medical bills
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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
Education loans in Singapore are a powerful financial tool for individuals who aim to pursue higher learning without compromising their financial stability. Whether you’re enrolling in a university, polytechnic, private institute, or overseas course, education loans help bridge the gap between your ambition and your current financial capacity.
At Best Licensed Moneylender, we tailor our education financing options to meet the diverse needs of students, working adults, and parents. Our education loans can cover a wide range of academic costs including tuition fees, textbooks, course materials, technology devices, and living expenses during your studies.
What sets us apart is our simplified application process, fast disbursement, and flexible repayment terms that align with your education timeline and financial situation. You don’t need to provide collateral, and approvals can be granted within the same day. Whether you’re a local or a foreigner studying in Singapore, we ensure that education remains accessible and stress-free. Let us support your academic goals—so you can focus on learning, while we handle the financing.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
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What is an education loan and how does it work in Singapore?
What is an education loan and how does it work in Singapore?
An education loan is a type of unsecured financing that helps cover the cost of tuition, course materials, and other study-related expenses. At Best Licensed Moneylender, funds are disbursed quickly and repayment is made in monthly installments over an agreed period.
Who is eligible to apply for an education loan?
Who is eligible to apply for an education loan?
You must be a Singapore citizen, PR, or a foreigner with a valid student or dependent pass. Applicants must be at least 18 years old and have a verifiable source of income or a guarantor.
What academic expenses can the loan cover?
What academic expenses can the loan cover?
Our education loans can be used to finance tuition fees, enrollment costs, textbooks, laptops, software, examination fees, and even overseas education-related expenses.
How fast is the approval process for an education loan?
How fast is the approval process for an education loan?
Loan approval can be granted within 20–30 minutes upon submission of required documents. Disbursement is typically done on the same business day via PayNow or cash collection.
Can I repay the education loan after graduation?
Can I repay the education loan after graduation?
We offer flexible repayment plans that may allow deferred or lower monthly payments during your study period. Speak to our loan consultants to find a plan that fits your academic and financial timeline.
Last update 04 Jul 2025
Application Submitted in last 30 days
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Processing Time average
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When it comes to pursuing your academic dreams, financial barriers shouldn’t stand in your way. At Best Licensed Moneylender, we provide customised education loans in Singapore to support students and working adults who need help covering tuition fees, course materials, or other related study expenses. Whether you're enrolled in a local university, a private institution, or taking professional certification courses, our education loan solutions are designed to be fast, flexible, and secure. We offer transparent terms, low interest rates, and simple repayment options to fit your current financial situation. With our quick approval process and minimal paperwork, you can get the support you need without unnecessary delays. We are committed to helping you stay focused on your education by easing your financial load—because we believe that investing in your future should be accessible for everyone. At Best Licensed Moneylender, we understand how costly education can be in Singapore. From university tuition fees and exam costs to overseas study programs or online certifications, the expenses can add up quickly. That’s why we’ve developed our education loan plan to be as inclusive and accessible as possible. Unlike traditional bank loans, our education loan does not require collateral or extensive credit history. You’ll get a customised loan amount based on your needs and repayment capacity, with guidance from our experienced team every step of the way. Whether you’re a full-time student or a working adult upgrading your skills, we’re here to make education financing simple, legal, and stress-free.
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.
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:
NRICLatest 3 months income proof: CPF or PayslipsForeigners
Foreigners need to present the following:
Valid Employment Pass, S Pass, or Work Permit with a minimum validity of 6 monthsPassportLatest 3 months income proofEmployment contractFor Business Loans
If applying for a business loan, the following additional documents are required:
ACRA Business ProfileFinancial Report ACRA Income Tax Reporting SummaryProof of incoming fundsLatest 6 months of company bank statementsRead latest below or check our reviews on Google
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 19, 2025
The service at Best was excellent! The staffs were very friendly from the moment I arrived. I didn’t even have to wait long for my turn & the whole process was fast and smooth. Really appreciate their professionalism and efficiency. 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!
