Best Licensed Moneylender vs Cash Direct: A Side-by-Side Comparison

Choosing between licensed moneylenders starts with comparing the numbers they put in writing. Here is a factual comparison of Best Licensed Moneylender and Cash Direct, using each lender's own published information and the Ministry of Law Registry.

• Best Licensed Moneylender — Legal name: BEST LICENSED MONEYLENDER PTE.LTD. Licence: 48/2026.

• Cash Direct — Legal name: CASH DIRECT PTE. LTD. Licence: 92/2026.

Registry source: MinLaw list as at 1 July 2026.

Source: Ministry of Law Registry of Moneylenders (https://rom.mlaw.gov.sg/files/ML%20Lists/List_of_Licensed_Moneylenders_as_at_1_July_2026.pdf), retrieved 2026-08-07.

• Best Licensed Moneylender — As low as 1.01% per month (12.12% p.a.), subject to assessment.

• Cash Direct — 2-4% per month, terms and conditions apply.

Both lenders are subject to the statutory cap of 4% per month under the Moneylenders Rules. The final rate depends on the approved amount, tenure and assessment. Compare the total repayment in writing, not a headline rate.

Source: Best rate from https://bestlicensedmoneylender.com.sg, founder-confirmed 2026-08-07. Cash Direct rate from https://cashdirect.sg/ (homepage), retrieved 2026-08-07.

Process speed

• Best Licensed Moneylender — In-principle approval in under 10 minutes during business hours. Same-day disbursement via PayNow, cash or bank transfer. Application via SingPass MyInfo, no paperwork.

• Cash Direct — "Approved in as little as 30 minutes" (homepage); "under 15 minutes" (personal loan page). Disbursement via cash or PayNow. Application via SingPass MyInfo.

Source: Best timing founder-confirmed 2026-08-07. Cash Direct timing from https://cashdirect.sg/ and https://cashdirect.sg/personal-loan/, retrieved 2026-08-07.

Branches and locations

• Best Licensed Moneylender — 1 branch: 13 North Bridge Road, #01-3984, Golden Beach Vista, S190013. Hours: Mon-Sat 11am-7pm.

• Cash Direct — 1 branch: 2 Venture Drive, #01-21, Vision Exchange, Jurong East, S608526. Hours: Mon-Sat 11am-7:30pm.

Source: https://rom.mlaw.gov.sg/files/ML%20Lists/List_of_Licensed_Moneylenders_as_at_1_July_2026.pdf + https://cashdirect.sg/ (homepage footer), retrieved 2026-08-07.

The comparison above gives you the published figures from both lenders. Here is how to use them:

1. Interest rate. The law caps all licensed moneylenders at 4% per month. A lower advertised rate does not guarantee a lower total cost. Ask each lender for the rate on your specific approved amount and tenure, in writing.

2. Administrative fee. Up to 10% of the principal is permitted. Check whether the fee is deducted from the disbursed amount, as this affects how much cash you actually receive.

3. Late charges. Up to $60 per month of late repayment, plus late interest of up to 4% per month on overdue amounts. Ask each lender how these charges are applied if you miss a payment.

4. Total repayment. The law caps total charges at 100% of the principal. Ask each lender for the total amount you will repay over the full tenure, including all interest and fees. This is the number that matters most.

5. Process. Consider how each lender handles the application, verification and disbursement. The required face-to-face identity verification at the approved branch means location may matter.

Get a written offer from both lenders for the same amount and tenure before committing.

How does Best Licensed Moneylender compare to Cash Direct?

Both are licensed by the Ministry of Law. Best Licensed Moneylender advertises rates as low as 1.01% per month (12.12% p.a.), subject to assessment, with in-principle approval in under 10 minutes during business hours. Cash Direct advertises rates of 2-4% per month. Compare the total repayment in writing from both before deciding.

Which licensed moneylender has a lower interest rate, Best or Cash Direct?

Best Licensed Moneylender advertises a starting rate as low as 1.01% per month (12.12% p.a.), subject to assessment. Cash Direct advertises 2-4% per month with terms and conditions. The statutory cap for all licensed moneylenders is 4% per month. The final rate depends on the lender's assessment. Get written offers from both and compare the total repayment.

Best Licensed Moneylender holds MinLaw Licence No. 48/2026 and has operated since 2004 with over 500,000 loans disbursed. Compare offers from multiple lenders for the same amount and tenure before committing. Apply through SingPass MyInfo with no paperwork. All fees are disclosed upfront before you sign.