Best Licensed Moneylender vs Lending Bee: A Side-by-Side Comparison

Here is a factual comparison of Best Licensed Moneylender and Lending Bee, 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.

• Lending Bee — Legal name: LENDING BEE PTE. LTD. Licence: 41/2026.

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.

• Lending Bee — Up to 4% per month (stated as maximum; no lower starting rate advertised).

Both lenders are subject to the statutory cap of 4% per month. Lending Bee states the maximum rate rather than a starting rate. Compare total repayment in writing, not headline numbers.

Source: Best rate from https://bestlicensedmoneylender.com.sg, founder-confirmed 2026-08-07. Lending Bee rate from https://lendingbee.com.sg/personal-loan/, 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.

• Lending Bee — "In as little as 30 minutes" (homepage); "in-principle approval within an hour" (personal loan page). "Funds disbursed immediately after contract signing at branch." Online application followed by branch verification.

Source: Best timing founder-confirmed 2026-08-07. Lending Bee timing from https://lendingbee.com.sg/ and https://lendingbee.com.sg/personal-loan/, retrieved 2026-08-07.

Branches and locations

• Best Licensed Moneylender — 1 branch: North Bridge Road. Hours: Mon-Sat 11am-7pm.

• Lending Bee — 4 branches: Orchard (Far East Plaza), Bedok, Jurong East (J Connect), Yishun. Hours: Mon-Sat 11am-8pm, Sun 10am-6pm.

Lending Bee operates four branches. Best Licensed Moneylender operates one branch at North Bridge Road.

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

• Best Licensed Moneylender — Operating since 2004.

• Lending Bee — Operating since 2018.

Source: Best figures founder-confirmed 2026-08-07. Lending Bee established date from https://lendingbee.com.sg/ (homepage), 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 Lending Bee?

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. Lending Bee states rates up to 4% per month and approval in as little as 30 minutes. Lending Bee has four branches; Best has one. Compare written offers from both.

Should I choose a moneylender with more branches or a lower rate?

It depends on your situation. Lending Bee operates four branches; Best Licensed Moneylender operates one at North Bridge Road. Best Licensed Moneylender advertises rates as low as 1.01% per month (12.12% p.a.), subject to assessment; Lending Bee states rates up to 4% per month. Compare written offers from both for the same amount and tenure.

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.