HHL Credit Review: How It Compares with Best Licensed Moneylender (2026)

Looking at HHL Credit? Look at Best first.

Best Licensed Moneylender is about 1.1 km from HHL Credit, at 13 North Bridge Road. We offer rates from 1.01% a month for eligible applicants and up to 24 months to repay, double the 12-month maximum HHL publishes. We also explain the full cost before you sign.[1][6][11][15]

That extra year makes a real difference to a monthly budget. On S$3,000 at 1.01% a month, Best’s 24-month plan is about S$141 a month. HHL’s longest published plan, 12 months, is about S$267 a month at the same rate.

Best Licensed Moneylender Pte Ltd publishes this article and is one of the lenders compared. Lender information was checked on 13 November 2026. This is general information, not personal advice or a promise of approval.

Choose Best if you want more time to repay, one clear published starting rate and the full cost in writing before you sign. Our repayment terms go up to 24 months, subject to assessment. HHL Credit publishes a maximum of 12 months.[1][6]

HHL’s main advantage is its opening hours: it opens on Sundays and until 8pm on weekdays.[10] If you can visit Monday to Saturday between 11am and 7pm, Best gives you more room to repay.[4]

Best publishes one starting rate: from 1.01% a month for eligible applicants.[1][2]

HHL Credit’s personal-loan page shows two different ranges. Its loan-features section lists 2% to 3.92% a month, while the FAQ on the same page says 1% to 3.92% a month.[6] If you speak to HHL, ask which figure applies to you and get it in writing.

The rate you are offered moves the cost far more than the lender’s name does. On S$3,000 over 12 months:

• At Best’s 1.01% a month: about S$266.71 a month, with S$200.58 in interest.
• At 2% a month, the bottom of HHL’s loan-features range: about S$283.68 a month, with S$404.15 in interest.
• At 3.92% a month, the top of HHL’s range: about S$318.17 a month, with S$818.09 in interest.

These are reducing-balance examples before fees, not quotes. Your rate at either lender depends on assessment.

Fees

HHL Credit says it charges an administrative fee of up to 10% of the principal, deducted upfront.[6] At Best, the fee is set out with the interest and total repayment before you sign.[1] Both lenders say there is no penalty for settling early, and Best gives an early full settlement discount.[1][7]

By law, every licensed moneylender, Best included, can charge at most 4% interest a month, an upfront fee of up to 10% of the principal, late interest of up to 4% a month on the overdue amount and a late fee of up to S$60 a month. Total charges cannot exceed the principal.[13]

This is the clearest difference between the two lenders. Best offers repayment terms of up to 24 months, subject to assessment.[1] HHL Credit’s personal-loan and foreigner-loan pages both list a maximum of 12 months.[6][7]

A longer plan costs more interest in total, so pick the shortest term you can comfortably keep up with. If S$267 a month would squeeze your rent and food, Best’s 24-month option is there. HHL’s published terms stop at 12 months.

Want to see your own numbers? Try Best’s loan calculator at 1.01% a month.

Best’s disbursement is typically completed in under 10 minutes after approval.[1]

HHL Credit describes its timing differently on different pages: a decision within 30 minutes on one, approval within hours on another and approval typically within 24 hours on a third.[5][6][9] Those figures describe waiting for approval. Best’s figure is how fast the money is paid once you are approved. Whichever lender you visit, ask what the stated time measures.

Both lenders must verify you in person at their approved office before granting a loan. A loan cannot be completed fully online.[12]

At Best, you start online with Singpass Myinfo, which fills in your details, then complete verification at 13 North Bridge Road, near Bugis. We are open Monday to Saturday, 11am to 7pm.[1][4]

HHL Credit is at Sim Lim Square on Rochor Canal Road. It lists weekday hours to 8pm and weekend hours of 11am to 7pm, and asks customers to call before public holidays.[10] If Sunday is genuinely your only free day, that suits HHL. Otherwise, the extra repayment time at Best is worth the Monday-to-Saturday visit.

The law requires moneylenders to explain the loan terms in a language you understand and to give you a copy of the contract.[13]

At Best, our team goes through the interest, fees and total repayment with you before you decide whether to sign. Staff can help in English, Mandarin and Malay.[1][3] HHL Credit says its staff speak English, Mandarin, Malay and Filipino (Tagalog), subject to availability.[9]

Best welcomes Employment Pass, S Pass and Work Permit holders with a pass valid for at least six months.[1][3] HHL Credit also lends to foreigners.[7]

The legal limits are the same at both lenders. If you earn less than S$10,000 a year, you can owe up to S$500 in total across all licensed moneylenders. Between S$10,000 and S$20,000 the limit is S$3,000, and at S$20,000 or more it is six times your monthly income.[13] Where foreign workers do get more at Best is time: up to 24 months to repay, against HHL’s 12. Read our foreigner-loan page for the documents to bring.

Choose Best Licensed Moneylender if:

• a 24-month repayment plan would make your instalment manageable;
• you want one clear published starting rate (from 1.01% a month for eligible applicants);
• you want the interest, fees and total repayment explained before you sign;
• you want the money paid quickly once you are approved; or
• you can visit North Bridge Road between Monday and Saturday.

HHL Credit may suit you better if you need a Sunday or late-evening visit, or if a 12-month plan is all you need and you would rather speak to staff in Tagalog.

Ask for these in writing:

1. How much will I receive after any upfront fee?
2. What is my approved monthly interest rate?
3. What is each instalment, and when is it due?
4. What is the total amount I will repay?
5. What happens if I pay late?
6. How is an early settlement calculated?

If you change your mind after taking a new unsecured loan (other than a business loan) disbursed on or after 15 September 2026, you can cancel within three business days at reduced cost. You repay the amount disbursed plus a capped part of the approval fee, with no interest.[13][14]

Check any lender’s licence on the Ministry of Law Registry. The list dated 1 November 2026 shows Best Licensed Moneylender Pte Ltd under licence 48/2026 and HHL Credit Pte. Ltd. under licence 17/2026.[11]

Start your application online with Singpass Myinfo, then complete verification at our North Bridge Road office. We will show you the rate, fees, instalments and total repayment before you sign. An application is not an approval, and your rate and term depend on assessment.

Apply with Singpass

Prefer to work out your numbers first? Use our loan calculator, or compare other lenders around North Bridge Road.

• 1. Best Licensed Moneylender: homepage
• 2. Best Licensed Moneylender: personal loans
• 3. Best Licensed Moneylender: foreigner loans
• 4. Best Licensed Moneylender: North Bridge Road office and hours
• 5. HHL Credit: homepage
• 6. HHL Credit: personal loans
• 7. HHL Credit: foreigner loans
• 8. HHL Credit: Rochor office
• 9. HHL Credit: about us
• 10. HHL Credit: contact and office hours
• 11. Ministry of Law: list of licensed moneylenders as at 1 November 2026 (accessed 13 November 2026)
• 12. Ministry of Law: list of licensed moneylenders and verification guidance
• 13. Ministry of Law: FAQs on borrowing from licensed moneylenders
• 14. Ministry of Law: mandatory cooling-off period for loans from licensed moneylenders (31 August 2026)
• 15. OneMap (Singapore Land Authority): coordinates for postal codes 188504 and 190013

Lender website information was checked on 13 November 2026.