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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 13 June 2025
A foreigner loan in Singapore is a type of unsecured personal loan specifically designed for non-citizens such as expatriates, foreign workers, and employment pass holders who are residing and working in the country. These loans are provided by licensed moneylenders and offer a legal, fast, and flexible financial solution for foreigners who may not qualify for traditional bank loans due to credit history limitations, shorter employment duration, or lack of collateral. Unlike conventional loans from banks, foreigner loans from licensed moneylenders are accessible even to individuals earning a lower income or holding Work Permits (WP), S Pass, or Employment Pass (EP). The loan amount, repayment period, and interest rate are tailored based on the applicant's monthly income, residency status, and existing obligations, ensuring a responsible borrowing experience. These loans can be used for a wide range of purposes — including medical expenses, rent payments, education fees, travel costs, or even emergency needs — offering foreigners a safety net during financial shortfalls. Loan tenures are typically short- to mid-term, with fixed monthly repayments to help borrowers manage cash flow efficiently. At Best Licensed Moneylender, we offer foreigner loans with minimal documentation, fast approval (often within minutes), and flexible disbursement options via PayNow or in-person collection. We also support multiple languages and provide friendly customer service to help navigate your financial journey in Singapore — safely, legally, and confidently.
$5,000
disbursed
for medical bills
Calculate your repayments and get clarity on interest rates.
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
Foreigner loans offer a fast and reliable solution for non-residents in Singapore who face urgent financial needs but lack access to traditional lending options. Whether you're here on a Work Permit (WP), S Pass, or Employment Pass (EP), these loans are specifically structured to help you handle expenses like medical bills, rental deposits, relocation costs, or unexpected emergencies.
At Best Licensed Moneylender, we understand the unique challenges foreigners face — such as limited credit history, language barriers, or restrictive bank loan policies. That’s why we offer a streamlined application process, requiring only essential documents like your work permit, proof of employment, and income verification.
You can apply online using SingPass MyInfo, get in-principle approval within minutes, and receive your funds via PayNow or in-person collection. Our loan terms are clear, flexible, and designed to match your salary cycle, ensuring repayment remains manageable and stress-free. We take pride in delivering legal, ethical, and transparent lending services. With multilingual support and a team that values your privacy and financial well-being, getting a foreigner loan in Singapore is no longer complicated — it's fast, safe, and tailored for you.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
Apply with Myinfo
Submit an application through Singpass Myinfo for fast processing within 3 minutes.
Book an Appointment
Receive same day in-principle approvals. Book your appointment with us today through Tidio at the bottom-right.
Receive Your Funds
Funds can be disbursed physically at the outlet, or through your preferred PayNow address.
Save yourself hours and let us help you get the best loans
Who is eligible to apply for a foreigner loan in Singapore?
Who is eligible to apply for a foreigner loan in Singapore?
Foreigners with a valid Work Permit, S Pass, or Employment Pass who are currently employed in Singapore and meet the minimum monthly income requirement are eligible. You must also be at least 21 years old.
What documents do I need to submit?
What documents do I need to submit?
You will need to provide your passport, work pass, employment letter or contract, proof of income (e.g., payslips or bank statements), and residential address (e.g., tenancy agreement or utility bill). Submitting via SingPass MyInfo speeds up the process.
How fast can I receive the loan funds?
How fast can I receive the loan funds?
Once approved, you can receive your funds within the same business day via PayNow or collect them in person at our office. In-principle approval typically takes just minutes.
Is a credit history required for foreigner loans?
Is a credit history required for foreigner loans?
No. We understand that many foreigners in Singapore may not have a local credit score. Our approval is based on your employment status, income, and repayment capability, not on your credit history.
Are the interest rates and repayment terms fixed?
Are the interest rates and repayment terms fixed?
Yes. At Best Licensed Moneylender, all interest rates and repayment terms are transparent, legal, and fixed upfront based on the Moneylenders Act. There are no hidden fees, and repayment schedules are designed to match your income cycle for easier budgeting.
Moving to a new country can come with unexpected expenses, from housing deposits and daily living costs to emergency bills. At Best Licensed Moneylender, we offer fast and flexible foreigner loans in Singapore to help expats manage their financial needs with ease and confidence. Our application process is straightforward and digitalised. Whether you're holding a Work Permit (WP), S Pass, or Employment Pass (EP), you can get approved quickly with minimal paperwork. We understand the challenges that foreign workers and expats face, and our customised loan solutions are built to support you through every step. As a Ministry of Law-licensed moneylender, we ensure complete data security, transparent loan terms, and no hidden fees. Whether you need cash for rental deposits, medical expenses, or just getting by until payday, we’re here to help you stay financially stable while living in Singapore. With Best Licensed Moneylender, foreign nationals can enjoy legal, accessible, and flexible loan options tailored to their income level and employment status. Our multilingual team is always ready to assist, whether you’re new to Singapore or have been working here for years. We offer competitive interest rates, flexible repayment schedules, and friendly service you can trust. Apply online through MyInfo, or visit us in person — getting a foreigner loan in Singapore has never been this simple or secure.
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!
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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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