Blog: Insights on Moneylenders, Loans & More

Jun 06, 2025

Prospective 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.

Jun 06, 2025

This Best Licensed Moneylender article aims to dispel misconceptions about personal loans from licensed moneylenders in Singapore.

Jun 06, 2025

Borrowing 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

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!

Jun 06, 2025

Securing 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!

Jun 06, 2025

The process of selecting a licensed moneylender in Singapore is essential to avoid any regrets in the future. The business of money lending is controlled by the rules and regulations of the Ministry of Law in Singapore. Licensed moneylenders are legal and safe, giving individuals an opportunity to borrow money for their needs. Most people prefer using these lenders since their operations are transparent and trustworthy. It is critical to understand how these lenders function in order to make informed judgements.

Jun 06, 2025

Non-qualifying mortgages (non-QM loans) are a common way of borrowing money for those who do not meet the requirements for a regular mortgage. Such types of loans are popular in Singapore since they offer flexibility depending on the kind of need that a businessman may have. Non-QM loans are also popular among business owners and self-employed persons working for themselves, as well as gig workers. These borrowers might have poor credit histories, unstable income or other factors that can prevent them from getting a standard mortgage loan.

Jun 06, 2025

Borrowing from a licensed moneylender Singapore can be a quick way to access cash, yet many applicants face rejection due to certain avoidable mistakes. Here are common errors that can prevent loan approval and tips on how to avoid them.

Jun 06, 2025

A personal loan can be a helpful financial tool for covering unexpected expenses or funding significant projects, such as home renovations or weddings. However, it’s essential to manage your loan wisely to prevent it from becoming a financial burden. If you’re considering borrowing from a legal money lender in Singapore, here are key steps to ensure you handle your personal loan responsibly.

Jun 06, 2025

Financial challenges can arise unexpectedly, whether due to mounting bills or unforeseen expenses. In Singapore, many individuals turn to a personal loan in Singapore or a Debt Consolidation Plan to manage their financial burdens. But how do you know which option is right for you? It’s not about finding the “best” choice for everyone—it’s about finding what works best for your situation. Both solutions can help you manage your finances, but they serve different purposes. If you need funds for a major purchase or want to clear multiple debts, understanding how each option works is the first step. In this guide, we will explore both choices, helping you decide which fits your needs and puts you back in control of your finances.

Jun 06, 2025

Borrowing money is a common part of life, whether it’s for education, home expenses, or an urgent need. However, it’s crucial to choose the right lender when you need financial support. In Singapore, only licensed moneylenders are legally allowed to provide loans, and they must adhere to strict rules to ensure your safety and protection. Borrowing from an unlicensed lender can lead to risks such as exorbitant charges or unwanted harassment. That’s why it’s essential to know how to spot a licensed moneylender Singapore. This guide will show you how to verify if a money lender near me is legitimate, fair, and safe to borrow from. Let’s explore how to safeguard both your finances and your peace of mind.