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Using our loan calculator ensures that you borrow responsibly. As a Ministry of Law licensed moneylender since 2004, we at Best Licensed Moneylender encourage every borrower to be well-informed before committing to a loan. That’s why we’ve invested in digital tools like this calculator—to keep our clients empowered and protected. Our loan process is already digitalised through Singpass Myinfo, offering fast approval within just 3 minutes. Once you have a repayment plan that suits your needs, you can book an appointment right away for a same-day in-principle approval, and receive your funds through cash or PayNow. Plan Smart, Borrow Wisely Whether you're managing personal finances, launching a business, or simply need a short-term loan, our calculator gives you clarity before you even apply. It’s part of our commitment to responsible lending, client education, and full transparency throughout your borrowing journey. Four Basic Loan Factors You Should Know When you are taking a loan, you should know about these four basic loan factors: - Interest Rate: The interest rate is the cost you incur for borrowing money. This rate is applied to the principal amount you borrow, and it determines the interest portion of your loan payments. - APR (Annual Percentage Rate): The APR represents the total annual cost of borrowing, which includes not only the interest but also other associated fees and expenses. The Best Licensed Money Lender calculator can help you see how the APR impacts your monthly payments. - Repayment Time: The repayment term refers to the duration over which you’ll be paying back the loan. This can be specified in months or years. During this period, you’ll make regular instalments covering the principal, fees, and interest. - Principal: The principal is the initial amount you borrow before any fees or interest are added. It’s the base amount that you need to repay. Factors Influencing Interest Rates: Several factors can affect the interest rate you’re offered when taking out a loan: - Loan Duration: Longer-term loans generally come with higher interest rates because there’s more risk associated with lending money over a longer period. - Credit Score: Your credit score plays a significant role. Lenders often charge higher interest rates to borrowers with lower credit scores because they are considered riskier. - Collateral: The interest rate on a secured loan (backed by collateral) is typically lower than that of an unsecured loan because the collateral provides security for the lender. Using a loan calculator is a smart step before committing to any type of loan. It helps you make informed decisions about loan affordability by allowing you to determine your monthly payments and understand the overall financial impact based on your current financial situation. Try our online loan calculator today and take the first step toward financial confidence with Best Licensed Moneylender—Singapore’s trusted legal moneylender since 2004.
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
$0Before applying for a loan, it's important to know exactly how much you'll be paying back. Our loan calculator is designed to give you a clear estimate of your monthly repayments, total interest, and overall cost of borrowing—so you can make informed, confident financial decisions.
At Best Licensed Moneylender, we believe in transparency and financial empowerment. Our online loan calculator is a user-friendly, all-in-one tool that helps you plan your finances ahead of time. Whether you're applying for a personal loan, business loan, payday loan, or renovation loan, this tool helps you understand what your repayment schedule might look like based on your selected loan amount, tenure, and interest rate.
Input your loan amount, repayment period, and expected interest rate to instantly view your estimated monthly installment.
Know how much of your total repayment goes to interest versus the principal. This gives you full visibility on the cost of borrowing.
See the overall cost of the loan, including all repayments, so you can plan ahead and avoid surprises.
Enter your desired loan amount.
Select your repayment period in months.
Choose your estimated interest rate (between 1%–4% per month as per legal guidelines).
Click Calculate—and let the tool show you your repayment plan instantly.s
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.
At Best Licensed Moneylender, we believe that understanding your financial obligations is the first step toward making informed decisions. Our Personal Loan Calculator makes this process simple and transparent. All you need to do is enter the loan amount and repayment term, and our calculator will instantly show you an estimate of your monthly payments. Designed to be user-friendly, this tool offers an easy-to-understand breakdown of your potential repayment schedule. Whether you're planning for unexpected expenses or managing your budget, our Personal Loan Calculator ensures you have a clear picture of your financial responsibilities. Trust in Best Licensed Moneylender to guide you with accurate and transparent information, helping you make well-informed choices every step of the way.
Best Licensed Moneylender PTE LTD is fully licensed under the Registry of Moneylenders and compliant with the Moneylenders Act in Singapore. With over 30 years of experience and more than 500,000 loans disbursed, we’ve built a trusted name in the industry—offering legal, secure, and efficient loan solutions.
We are committed to understanding your financial situation before offering a loan package. Our experienced team ensures that all terms and conditions are clearly explained so you can make informed decisions. Whether it’s for personal, business, or emergency needs, we strive to offer tailored loan plans that work for you.
Our goal goes beyond disbursing funds. We provide continuous support—from the moment you enquire to the moment your loan is fully repaid. Through our 24/7 helpdesk, responsible lending practices, and informative resources, we empower clients with both immediate solutions and long-term financial awareness.
With end-to-end encryption and secure digital infrastructure, we protect every detail you share with us. Your loan transactions, personal documents, and identity information are handled with the strictest confidentiality—ensuring a seamless and private experience at every step.
13, North Bridge Road, #01-3984, Golden Beach Vista, Singapore 190013
Read 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!
How is a loan interest calculated?
How is a loan interest calculated?
To calculate a loan interest, enter the amount, the interest rate, and the duration of the loan term into a loan calculator. The calculator will determine the monthly payment and will tell you the total interest that needs to be paid and total repayable, thus informing you the full cost of the loan.
How do I calculate a mortgage loan interest?
How do I calculate a mortgage loan interest?
Interest on a mortgage loan is computed by multiplying the remaining amount of the loan by the monthly rate of interest. This interest forms part of your monthly payment, in addition to the payable principal. As time goes by and the amount of the principal decreases, the amount of interest paid decreases proportionally.
How do I calculate the value of my property?
How do I calculate the value of my property?
To estimate the value of a property, one will need to get relevant factors, such as the location of the property, its size, and the state in which the property is, as well as property sales of similar description in the most recent area. At this stage, it is essential to discuss the administration of professional appraisals and online property estimate tools, both of which can produce highly accurate estimates.
How do I calculate my mortgage payment?
How do I calculate my mortgage payment?
To estimate your mortgage, enter your loan amount, interest rate, and period of the loan into a mortgage loan calculator. It should reflect the monthly payment, which includes the amount of principal and interest. It may include taxes and insurance if your mortgage agreement includes an escrow account.
How can I use the loan calculator to find the best loan option for me?
How can I use the loan calculator to find the best loan option for me?
To find the best loan option for your needs, simply adjust the loan amount, interest rate, and loan term in the calculator to compare different scenarios. The calculator will show you how your monthly payments and the total repayment change with different interest rates and loan durations. This allows you to choose the option that best fits your financial situation and goals.
Save yourself hours and let us help you get the best loans.
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.
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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!
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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!
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