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Running a business comes with its fair share of financial challenges, from managing cash flow to funding expansion or covering unexpected expenses. At Best Licensed Moneylender, we offer Unsecured Business Term Loans designed to help SMEs and self-employed individuals access fast, flexible funding without the need for collateral. Whether you're just starting out or managing a growing company, our business loans provide the working capital you need to stay agile and competitive. With simple eligibility requirements, a fast application process, and personalised repayment plans, we make it easy for business owners to secure funding and focus on what matters most, growth. Our unsecured business term loans are tailored to support everyday operations, equipment purchases, inventory stocking, and more. You don’t need to risk assets or navigate complicated bank procedures. As a licensed moneylender in Singapore, we prioritise transparency, trust, and speed, helping you make confident financial decisions for your business.
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 8 July 2025
An unsecured business term loan is a type of loan offered to businesses without the need to pledge any collateral. This means you don’t have to provide assets like property or equipment as security. Instead, approval is based on your company’s income, stability, and repayment ability. The loan is repaid over a fixed term with regular monthly installments, giving you predictable repayments and better cash flow planning. It’s ideal for small business owners who need funding quickly for operational expenses, short-term projects, or to bridge income gaps. Unlike traditional bank loans, unsecured loans from licensed moneylenders like Best Licensed Moneylender offer faster approval and a simplified process. We assess your application based on your business health and repayment capability, ensuring fair access to credit even without perfect financial records.
$5,000
disbursed
for medical bills
Last update 08 Jul 2025
Application Submitted in last 30 days
1466
Processing Time average
46min
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
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.
Getting funding for your business shouldn’t be complicated. With Best Licensed Moneylender, you can skip the long wait times, excessive paperwork, and strict collateral requirements that come with traditional financing.
Our Unsecured Business Term Loans are designed with small business owners in mind. You can apply online or in person, receive in-principle approval within the same day, and get access to funds in a matter of hours. We offer flexible repayment terms and personalised loan packages that work for your business needs. Whether you're expanding your team, managing operations, or navigating short-term cash flow gaps, we’re here to support your business journey. Trust a licensed lender that puts speed, simplicity, and your success first.
30-minuteLoan Approval
No GuarantorRequired
CashDisbursed on the spot
Licensedby Registry of Moneylender
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.
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:
NRICLatest 3 months income proof: CPF or PayslipsForeigners
Foreigners need to present the following:
Valid Employment Pass, S Pass, or Work Permit with a minimum validity of 6 monthsPassportLatest 3 months income proofEmployment contractFor Business Loans
If applying for a business loan, the following additional documents are required:
ACRA Business ProfileFinancial Report ACRA 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
Read latest below or check our reviews on Google
May 15, 2025
Very satisfied with the whole process. Mysta was very friendly and top notch in the service rendered. Highly reccommed. Mysta was well versed and professional in assisting me. Thumbs up 🤝
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 19, 2025
The service at Best was excellent! The staffs were very friendly from the moment I arrived. I didn’t even have to wait long for my turn & the whole process was fast and smooth. Really appreciate their professionalism and efficiency. Highly recommended!
Do I need to provide collateral for a business term loan?
Do I need to provide collateral for a business term loan?
No. Our unsecured business loans do not require any collateral. Approval is based on your income, business performance, and repayment ability.
Who is eligible for an unsecured business loan?
Who is eligible for an unsecured business loan?
Singaporeans, PRs, and foreigners with valid passes who are self-employed, freelancers, or run small businesses are eligible, subject to income verification and documentation.
How fast can I get my loan approved?
How fast can I get my loan approved?
In-principle approval is typically given on the same business day. Once approved, funds can be disbursed quickly via PayNow or collected in person.
What can the loan be used for?
What can the loan be used for?
The loan can be used for a variety of business needs, covering operating expenses, purchasing inventory, upgrading equipment, or funding short-term projects.
What documents do I need to apply?
What documents do I need to apply?
You’ll need to submit your NRIC or work pass, business registration documents (e.g. ACRA), recent bank statements, and income proof to complete your application.
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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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.
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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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