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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Best Licensed Moneylender Pte Ltd is a Ministry of Law licensed moneylender serving Singaporeans, Permanent Residents, and foreigners. We provide personal loans, business loans, and foreigner loans with transparent terms and same-day approval.
Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
Updated 22 July 2026
In Singapore, all moneylenders must be licensed by the Ministry of Law's Registry of Moneylenders. Borrowing from a licensed moneylender means your rights are protected under the Moneylenders Act — with caps on interest rates, regulated fees, and clear contractual obligations. Unlike unlicensed lenders (commonly known as loan sharks or "Ah Long"), licensed moneylenders operate within a strict legal framework. Interest rates are capped, hidden charges are prohibited, and all terms must be disclosed in writing before you sign any agreement. Best Licensed Moneylender Pte Ltd has been serving borrowers in Singapore with integrity and transparency. Located at 13 North Bridge Road, our team is committed to helping you access the funds you need — quickly, legally, and with full clarity on repayment terms.
Foreign workers can review our foreigner loan options in Singapore, or return to the Best Licensed Moneylender homepage.
Calculate your repayments and get clarity on interest rates.
Find the Best Loans with Best Licensed Moneylender
How much do you want to borrow?
$2,000
$1000
$100k
Term (months)
6 months
1 mth
36 mths
Interest % (Monthly)
Total Payment
$0Monthly Installment
$0Total Interest
$0
Licensed moneylenders operate under Singapore's Moneylenders Act and Moneylenders Rules. Interest is capped at 4% per month. Permitted charges are limited to an administrative fee of up to 10% of the principal, a late fee of up to $60 per month of late repayment, late interest of up to 4% per month on overdue amounts, and court-ordered legal costs. Your lender must explain the contract in a language you understand and give you a copy.
No HarassmentLicensed moneylenders are prohibited from using threatening, intimidating, or abusive language or behaviour in their dealings with borrowers.
No Hidden ChargesAny fee not disclosed in your loan contract is unenforceable. You should never pay more than what is agreed in writing.
Right to Complain to the RegistryIf the lender does not comply with the law or the terms of the contract, you can lodge a complaint with the Registry of Moneylenders.
Regulated Interest RatesLicensed moneylenders are capped at 4% per month nominal interest, protecting Singapore borrowers from excessive charges.
Transparent Fee StructurePermitted charges are limited to an administrative fee of up to 10% of principal, a late fee of up to $60 per month of late repayment, late interest, and court-ordered legal costs.
Written Contracts RequiredEvery licensed moneylender loan must have a written contract stating the amount, interest rate, repayment schedule, and applicable fees.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
Best Licensed Moneylender welcomes Singaporeans, Permanent Residents, and foreigners who meet these borrower-specific requirements.
Singapore Citizens
At least 21 years oldValid Singapore NRICProof of stable income and Singapore residenceSingapore Permanent Residents
At least 21 years oldValid Singapore PR identificationProof of stable income and Singapore residenceForeigners Working in Singapore
At least 21 years oldValid Employment Pass, S Pass, or Work PermitProof of stable income in SingaporeDocument requirements vary by citizenship and loan type. Prepare the relevant records before your application.
Singaporeans and PRs
NRIC (front and back)Proof of Singapore residenceLatest 3 months of payslips or income proofLatest 12 months of CPF contribution historyLatest Notice of Assessment from IRASForeign Borrowers
Valid passportEmployment Pass, S Pass, or Work PermitLatest 3 months of payslipsProof of residential address in SingaporeIn-Principle Approval letter, if applicableSingapore Business Loans
ACRA Business ProfileFinancial reportACRA income tax reporting summaryProof of incoming fundsLatest 6 months of company bank statements
Apply with Myinfo
Submit an application through Singpass Myinfo for fast processing within 3 minutes.
Book an Appointment
Receive same day in-principle approvals. Book your appointment with us today through Whatsapp at the bottom-right.
Receive Your Funds
Funds can be disbursed physically at the outlet, or through your preferred PayNow.
Save yourself hours and let us help you get the best loans
Protect yourself from unlicensed moneylenders by watching for these warning signs:
✕
They contact you via SMS, WhatsApp, or social media offering unsolicited loans
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They ask for your NRIC, ATM card, Singpass credentials, or bank account details
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They do not have a physical office or refuse to meet in person
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They are not listed on the Ministry of Law's registry of licensed moneylenders
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They charge interest rates or fees above the legal limits
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They pressure you to sign documents immediately without reading the terms
If you encounter an unlicensed moneylender, report them to the police by calling 999 or the X-Ah Long hotline at 1800-924-5664.
What is a licensed moneylender in Singapore?
What is a licensed moneylender in Singapore?
A licensed moneylender is a lending institution that holds a valid licence issued by the Ministry of Law's Registry of Moneylenders. Unlike unlicensed lenders, licensed moneylenders are legally bound to follow the Moneylenders Act and its regulations, which set out clear rules on interest rates, fees, and borrower protections. Best Licensed Moneylender Pte Ltd holds a valid licence and operates in full compliance with these regulations.
How do I verify that a moneylender is licensed?
How do I verify that a moneylender is licensed?
You can verify a moneylender's licence by checking the official list of licensed moneylenders published on the Ministry of Law's website. Every licensed moneylender must display their licence at their place of business. Best Licensed Moneylender Pte Ltd is listed on the Ministry of Law's registry, and our licence is displayed at our North Bridge Road office.
What is the maximum interest rate a licensed moneylender can charge?
What is the maximum interest rate a licensed moneylender can charge?
Under the Moneylenders Rules, licensed moneylenders may charge a maximum nominal interest rate of 4% per month, regardless of the borrower's income level or whether the loan is secured or unsecured. This cap applies to all borrowers, including Singaporeans, Permanent Residents, and foreigners.
What fees can a licensed moneylender charge?
What fees can a licensed moneylender charge?
Licensed moneylenders are permitted to charge an administrative fee of up to 10% of the loan principal, a late fee of up to $60 per month of late repayment, late interest of up to 4% per month on any overdue repayment, and legal costs ordered by a court. No other fees or charges may be imposed. Any lender charging additional or hidden fees is acting outside the law.
Can foreigners borrow from a licensed moneylender in Singapore?
Can foreigners borrow from a licensed moneylender in Singapore?
Yes. Licensed moneylenders in Singapore may lend to foreigners who hold a valid work pass (Employment Pass, S Pass, or Work Permit) and meet the eligibility requirements. At Best Licensed Moneylender, we welcome applications from foreigners working in Singapore. The loan quantum may vary based on your income and residency status.
How quickly can I receive funds from a licensed moneylender?
How quickly can I receive funds from a licensed moneylender?
At Best Licensed Moneylender, in-principle approval can be provided within 30 minutes of submitting a complete application. Once your loan is approved and the contract is signed, funds can be disbursed on the same day — either in person at our office or via PayNow.
What documents do I need to apply for a loan?
What documents do I need to apply for a loan?
Singaporeans and Permanent Residents typically need to provide their NRIC, proof of income (latest payslips or CPF statements), and proof of address. Foreigners need to present their passport, valid work pass, latest payslips, and proof of residence in Singapore. Business loan applicants should also prepare their ACRA business profile and bank statements.
Is my personal information safe with a licensed moneylender?
Is my personal information safe with a licensed moneylender?
Yes. Licensed moneylenders in Singapore are required to comply with the Personal Data Protection Act (PDPA). At Best Licensed Moneylender, all personal information is kept strictly confidential and is used only for the purpose of processing your loan application. We do not share your data with unauthorised third parties.
Apply online in minutes or visit Best Licensed Moneylender Pte Ltd at 13 North Bridge Road, Singapore.
Apply Now - 5 Minutes ApprovalLast update 22 Jul 2026
Application Submitted in last 30 days
1243
Processing Time average
40min
Read latest below or check our reviews on Google
Dec 29, 2025
Went today to just inquire for a loan first, all the staffs were very attentive and approachable as how they welcome you with smiles. Got an offer from Ms. Qian (hopefully i'm correct) she was very professional and helpful. The process was fast as they are also flexible in expediting the requirements. Thank you!
May 26, 2026
Every information is cleared. Verlyn is very helpful in getting me done in every steps. appreciate her kind and patience assistance
Jan 17, 2026
I had a very pleasant experience with the BEST. The staff are very accomodating. And very approachable. They really helped me a lot. I would like to send my gratitude to Ms Qian Yi for the well-explained, approachable and accommodating relationship-client way. Thank you
Jan 17, 2026
I had a great experience with Mysta from the credit company. She is very friendly and provides excellent service. She helped me a lot when I needed support the most. Highly recommended.
Jun 06, 2025
How to Differentiate Licensed Moneylenders from Illegal MoneylendersProspective 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
Best Licensed Moneylender – Can I have more than one personal loan from licensed moneylenders?This Best Licensed Moneylender article aims to dispel misconceptions about personal loans from licensed moneylenders in Singapore.
Jun 06, 2025
Licensed Moneylenders: What You Should Know Before BorrowingBorrowing 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
How to Identify and Avoid Loan Scams in Singapore?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
A Step-by-Step Guide to Applying for a Personal Loan in SingaporeSecuring 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!
