Is Best Licensed Moneylender Legit?

As at 1 July 2026, BEST LICENSED MONEYLENDER PTE LTD appears on the Ministry of Law Registry’s list of licensed moneylenders under Licence No. 48/2026. The same list records 13 North Bridge Road, #01-3984, Golden Beach Vista, Singapore 190013 and telephone 6224 2224. Check the current Registry yourself before sharing personal information.

Open the Ministry of Law Registry directly and match the legal name, licence number, approved address, landline and website. Do not rely only on an advertisement, SMS, WhatsApp message, social-media account or lookalike website. If any detail does not match, stop and verify independently.

No. A licence confirms the lender’s listed licensing status and particulars; it does not promise that you will qualify, receive a particular amount, obtain a particular rate or be able to afford the repayments. The lender decides whether to grant a loan and the contract terms.

Yes. Official guidance requires a licensed moneylender to meet the applicant in person at the approved place of business for physical face-to-face identity verification before granting a loan. A loan transaction carried out fully online, or somewhere other than the approved place of business, is not allowed. An online enquiry or preliminary application does not remove this requirement.

Do not transfer money or pay a fee as a condition of receiving or securing a loan. Singapore Police Force and ScamShield guidance identifies requests described as GST, administration, processing, lawyer, insurance or other fees before disbursement as scam warning signs. Stop the conversation and verify the contact using Registry details.

Licensed moneylenders are not allowed to solicit loans through unsolicited calls, SMS, WhatsApp, other messaging platforms or social media. Treat an unsolicited loan offer as a warning sign. Do not click unknown links, send identity documents or provide SingPass, banking or OTP credentials.

MinLaw’s borrower guidance states that licensed moneylenders may charge up to 4% interest per month, a late fee of up to $60 for each month of late repayment and an upfront administrative fee of up to 10% of the loan principal. Total charges on a loan cannot exceed the principal. Check the actual written contract because legal caps do not tell you the total cost of a particular loan.

Ask for the written contract and confirm the approved principal, interest-rate basis, administrative fee, late fee, repayment schedule, total repayment and any security or collateral term. The terms should be explained in a language you understand. Do not sign a blank or incomplete contract, and keep the contract, statements and payment receipts.

Contact the lender early, keep your contract, statements and receipts, and seek appropriate financial or legal help. For unfair practices, contract issues or potential offences, contact the Registry of Moneylenders at 1800-2255-529 or through its official reporting channel. If there is harassment, a threat or violence, make a Police report as well.

Contact your bank immediately, preserve messages, phone numbers, website links, receipts and transaction records, and call the 24/7 ScamShield Helpline at 1799 if you are unsure what to do. Make a Police report online or at a Neighbourhood Police Centre. Include dates, screenshots, documents, receipts and bank-transaction evidence.