Mon - Sat : 11am - 7pm
Mon - Sat : 11am - 7pm
2025 © Copyright Best Licensed Moneylender PTE LTD. All rights reserved. Privacy Policy
Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 13 June 2025
A medical loan is a type of personal financing specifically designed to help individuals cover the costs of healthcare-related expenses. Unlike traditional health insurance, which may not cover all treatments or come with waiting periods, medical loans provide immediate access to funds—allowing you to pay for both planned procedures and emergency medical care without delay. This form of unsecured loan is commonly used for expenses such as hospitalization fees, surgical operations, dental treatments, specialist consultations, chronic illness care, and even cosmetic or elective procedures. With fixed monthly repayments and clear interest rates, borrowers can better manage their healthcare costs without disrupting their financial stability. In Singapore, where out-of-pocket healthcare spending can be significant, medical loans offered by licensed moneylenders like Best Licensed Moneylender provide a fast, legal, and reliable option for individuals who need immediate medical financing. The approval process is simple and efficient, requiring minimal paperwork and no collateral. Loans can be disbursed on the same day—ensuring that you don’t delay essential treatments due to financial constraints. Medical loans are also useful for those whose insurance coverage is limited, or for expatriates and foreign workers who may not be eligible for full subsidies. With customisable loan amounts and flexible repayment options, our medical loan solutions are built to provide peace of mind during uncertain times.
$5,000
disbursed
for medical bills
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
In Singapore, where medical costs can be unexpectedly high, a medical loan offers an accessible and effective way to manage out-of-pocket healthcare expenses. Whether you’re facing an urgent surgery, a specialist consultation, or a long-term treatment plan, having fast access to funds can make all the difference. At Best Licensed Moneylender, we provide tailored loan solutions that bridge the financial gap between need and care—so you can focus on recovery, not repayment.
Unlike insurance claims which often involve lengthy approvals or restricted coverage, our medical financing ensures instant cash disbursement with minimal requirements. We serve Singaporeans, PRs, and foreign workers, including those with limited insurance options. Even if your CPF or Medisave is insufficient, you can count on our customised loan plans, designed to match your income and repayment ability.
Our application process is fast and secure—with digital submissions via MyInfo, and approval within minutes. Loan disbursement can happen on the same day, allowing you to make prompt medical decisions with full confidence. No hidden fees, no complicated terms—just transparent borrowing, backed by our status as a licensed and trusted moneylender in Singapore. Let us take care of your financing, so you can take care of your health.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
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 Tidio at the bottom-right.
Receive Your Funds
Funds can be disbursed physically at the outlet, or through your preferred PayNow address.
Save yourself hours and let us help you get the best loans
What is a medical loan and how does it work?
What is a medical loan and how does it work?
A medical loan is a type of personal financing designed specifically to cover healthcare-related costs such as surgeries, treatments, specialist visits, or emergency procedures. It is an unsecured loan, meaning you don’t need collateral, and repayment is done through fixed monthly installments over an agreed term.
Who is eligible to apply for a medical loan in Singapore?
Who is eligible to apply for a medical loan in Singapore?
Eligibility is open to:
Singapore Citizens and Permanent Residents (PRs)
Foreigners with a valid Work Permit, S Pass, or Employment Pass
Individuals aged 21 and above
Applicants with proof of income (CPF history or payslips) and valid identification
What medical expenses can I use the loan for?
What medical expenses can I use the loan for?
Our medical loans can be used for:
Private hospital or clinic bills
Surgery and dental procedures
Fertility treatments and maternity care
Rehabilitation and physiotherapy
Health screenings or diagnostics not covered by insurance You do not need to declare your medical condition when applying.
How much can I borrow for medical treatment?
How much can I borrow for medical treatment?
The loan amount depends on your income and credit profile. For Singaporeans / PR: -If your annual income is less than $20,000, you are eligible for a loan of up to $3,000. -If your annual income is $20,000 and above, you are eligible to loan up to 6 times your monthly income. For foreigners: – If your annual income is less than $10,000, you are eligible for a loan of up to $500. – If your annual income is between $10,000 to $20,000, you are eligible for a loan of up to $3,000.
If your annual income is $20,000 and above, you are eligible to loan up to 6 times your monthly income.
How fast can I receive my medical loan?
How fast can I receive my medical loan?
At Best Licensed Moneylender, the process is fast and efficient. Apply online via MyInfo, and receive in-principle approval within minutes. Once approved, funds are disbursed on the same day via PayNow or in-person collection at our office.
When it comes to health, time is of the essence. Unexpected medical bills can arise at any moment — from emergency surgeries to specialist consultations, or even routine treatments that strain your monthly budget. At Best Licensed Moneylender, we understand how stressful medical expenses can be, which is why we offer fast, flexible, and affordable medical loans designed to ease your financial burden. Our medical loan service is tailored to help you cover healthcare costs quickly and without hassle. With a simplified application process, minimal documentation, and same-day approval, we ensure that you can access the funds you need—when you need them most. Whether it’s for hospitalization, dental work, chronic condition treatments, or family medical needs, we’re here to support you. At Best Licensed Moneylender, we put your well-being first. Our medical loans come with transparent terms, competitive interest rates, and customisable repayment plans to match your financial capacity. We don’t believe in hidden fees or lengthy approvals—just clear, honest service. As a trusted and licensed moneylender in Singapore, we take pride in helping individuals and families manage unexpected health costs without unnecessary stress. Apply online through MyInfo or visit our office for a quick consultation. With our support, you can focus on recovery, not the bills.
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
At Best Licensed Moneylender PTE LTD, we make loan applications simple and accessible. Whether you're a Singaporean, PR, or foreigner, we welcome you to apply — as long as you meet the basic eligibility criteria below:
At least 21 years of age
Proof of stable income
Besides banks, licensed money lenders are a great and legal alternative
to secure your loan in Singapore.
Last update 13 Jun 2025
Application Submitted in last 30 days
794
Processing Time average
33min
We are fully licensed by the Registry of Moneylenders and operate in compliance with the Moneylenders Act. This ensures you’re getting your funds from a legal, reliable, and transparent source.
Before offering any loan, we take time to understand your unique financial situation. Our team explains all terms and conditions clearly, so you know exactly what to expect. No jargon, no surprises—just honest, straightforward service.
We go beyond just providing funds. Our personalised loan solutions and responsive support show our commitment to your financial well-being and peace of mind. We listen, understand, and tailor our service to meet your needs.
We take your privacy seriously. Our team follows strict data protection policies to ensure your personal information, loan details, and identification documents stay safe, secure, and completely confidential.
The minimum requirements for applying for a loan depend primarily on your citizenship, income level and age. We welcome Singaporeans/PRs and foreigners.
Singaporeans/PR
Singaporeans or PRs need to present the following:
NRICSingPass login details for CPF, HDB, or IRAS verification Proof of income: CPF contribution history or latest 3 months’ payslipsForeigners
Foreigners need to present the following:
Valid Employment Pass, S Pass, or Work Permit with a minimum validity of 6 monthsPassportProof of income: Latest 3 months' payslipsEmployment contractFor Business Loans
If applying for a business loan, the following additional documents are required:
ACRA Business ProfileProfit and Loss (P&L) statement ACRA Income Tax Reporting SummaryProof of incoming fundsMost recent 6 months of business bank statementsRead latest below or check our reviews on Google
Apr 15, 2025
This is my first time taking money lender loans and the staff explained it to me so well which i am thankful for. good customer service as she guide me slowly step by step on the process. thank you for your help!
Apr 26, 2025
This is my first time going to Best Licensed Moneylender. I had a pleasant experience with Yan Ting as she was very clear and answered all my queries. Would definitely recommend this place to someone who needs quick cash
Apr 10, 2025
First time here. And honestly this was the first money lender I went to that feels so accommodating. The place is nice too. It was a fast transaction where you don’t have to sign any papers yourself. I would like to thank Starry for being nice and for explaining everything. Will recommend this place for sure.
May 21, 2025
First time engaging with Best Licensed, and I had a smooth experience. Special thanks to Mysta, who assisted me with my debt consolidation. She was articulate, attentive, and took the time to clearly explain all possible solutions. I truly appreciate her professionalism and patience. Highly recommend booking your next appointment with her at Best Licensed.
May 27, 2025
⭐️⭐️⭐️⭐️⭐️ Great Service Had a smooth experience with the loan process. Mysta was very professional and helpful — she explained everything clearly and made the process stress-free. Approval and disbursement were fast, just when I needed it most. Appreciate the support and transparency. 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!
