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Best Licensed Moneylender Pte Ltd | License No. 54/2025
Updated 13 June 2025
A personal loan is a type of unsecured loan that allows you to borrow a fixed amount of money without needing to provide any collateral. It is commonly used to cover personal expenses such as medical emergencies, home renovations, weddings, education fees, or to consolidate debt. The loan is repaid in monthly installments over an agreed period, usually with a fixed interest rate, making it easier to plan and manage your finances. One of the main benefits of a personal loan is its flexibility. You can use the funds for almost any purpose without strict conditions or restrictions. In Singapore, personal loans are a popular choice for individuals who need fast and reliable financial support. Licensed moneylenders offer quick approval, transparent terms, and flexible repayment plans to suit different needs and income levels. When used responsibly, a personal loan can be a helpful financial tool to ease short-term burdens and achieve your personal goals. Our team is here to ease your financial worries by understanding your needs and offering friendly, accessible support through phone and WhatsApp anytime.
$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, personal loans can be legally obtained from banks, financial institutions, and licensed moneylenders. Licensed moneylenders like Best Licensed Moneylender provide a safe, fast, and reliable alternative for individuals who need immediate financial support. With us, loan approvals can take as little as 20 minutes.
Personal loans can be used for a wide range of needs, such as car installment payments, education expenses, medical bills, credit card repayments, or even travel plans. Repayments are made through fixed monthly installments, making it easier to manage your budget. We offer several repayment methods including bank transfers, PayNow, or in-person payments at our office.
At Best Licensed Moneylender, we take pride in offering a simple, transparent, and efficient loan process. With over 10 years of experience, our dedicated team is here to guide you every step of the way, helping you secure the right loan to meet your goals with peace of mind.
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 personal loan?
What is a personal loan?
A personal loan is an unsecured financial product that provides quick access to funds without the need for collateral. It typically requires minimal paperwork and can be used for a variety of purposes such as emergencies, weddings, education, or consolidating debts.
Who is eligible to apply for a personal loan in Singapore?
Who is eligible to apply for a personal loan in Singapore?
To qualify, you must:
Be a Singaporean citizen, Permanent Resident, or a foreigner with a valid work permit
Be between 21 and 60 years old
Meet minimum income requirements (SGD 20,000 annually for locals; SGD 40,000 for foreigners)
What can I use a personal loan for?
What can I use a personal loan for?
You can use a personal loan for almost any purpose without needing to state a reason. Common uses include covering medical expenses, school fees, credit card repayments, travel, or emergency costs.
How much can I borrow?
How much can I borrow?
The loan amount depends on your annual income and follows guidelines by the Ministry of Law. If you earn at least SGD 20,000 annually, you may borrow up to 6 times your monthly income. Lower-income brackets have fixed caps.
How fast can I receive the funds?
How fast can I receive the funds?
With Best Licensed Moneylender, you can get in-principle approval on the same day. Once approved, funds can be collected in person or sent via PayNow—often within 20 minutes.
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.
When life brings unexpected expenses or you need extra funds for a personal goal, a personal loan can offer the right solution. At Best Licensed Moneylender, we provide fast, flexible, and reliable personal loans tailored to your financial situation. Our process is simple and efficient. You can get approved quickly with minimal paperwork, making it easy to access the funds you need. Whether you are covering medical bills, home improvements, education fees, or consolidating debt, we are here to support you every step of the way. What sets us apart is our flexibility, transparency, and commitment to service. We offer competitive interest rates, clear terms, and repayment options that fit your budget. There are no hidden fees and no complicated conditions. As a licensed moneylender in Singapore, we take your privacy seriously and handle every application with care and professionalism. Our goal is to make borrowing stress-free so that you can focus on what matters most. Apply online or visit us today to find out how we can help you move forward with confidence. At Best Licensed Moneylender, getting the right personal loan is simple, secure, and within your reach.
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
Last update 13 Jun 2025
Application Submitted in last 30 days
794
Processing Time average
33min
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!
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 statements
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!
