When urgent financial needs arise, many people in Singapore look for fast and reliable solutions—and that’s where turning to a personal loan in Singapore can make all the difference. For those who don’t qualify for traditional bank loans or need funds quickly, licensed moneylenders can be a practical alternative. However, choosing the right lender can be overwhelming. Although all licensed lenders operate under strict regulations set out in the Moneylenders Act, their interest rates, customer service, and overall reliability can differ significantly.
As of April 2025, there are 156 licensed moneylenders officially registered with Singapore’s Ministry of Law. To help borrowers make informed choices, we’ve reviewed and compiled a detailed list of the 10 best money lender options in the country. This guide considers not just affordability, but also reputation, accessibility, service quality, borrower feedback, and ongoing protection measures to ensure a safe and transparent lending experience.
1. Fast Money Pte Ltd
License no. 127/2024 | Multiple branches (Yishun, Tampines)
Fast Money earns high marks for offering competitive interest rates with no upfront application fees. Catering to Singaporeans, PRs, and foreigners with valid passports, it provides flexible repayment tenure. With stellar Google reviews (4.9★, 642 reviews at Yishun), customers appreciate their clear, patient service. A standout for those seeking transparency and speed in processing.
2. Lending Bee Pte Ltd
Subsidiary of Credit 21; pilot participant under Ministry of Law
Lending Bee stands out with its solid capital backing and an intuitive mobile app available on iOS and Android. Being selected by the Ministry in a pilot lent further credibility. Their Google rating of 4.9★ (705 reviews) highlights friendly and stress‑free interactions. Ideal for tech‑savvy borrowers craving convenience and reliability.
3. Quick Credit Pte Ltd
License no. 45/2024 | Jurong East (IMM Mall)
Operating since 2002, Quick Credit is locally respected for personal, payday, business, educational, travel, and wedding loans. They are open Sundays and public holidays—especially helpful for urgent need. Borrowers commend their empathetic, supportive approach:
“Quick Credit is the place that I found HOPE… friendly and helpful moneylenders… I see them as personal friends
This lender excels in personalised, compassionate service.
4. Best Credit SG Pte Ltd
License no. 128/2024 | Bukit Batok area
Originally Cing Dien Credit since 1985, with over 30 years’ experience, Best Credit boasts some of the lowest interest rates and 24/7 accessibility—even on public holidays. Their rapid approvals and disbursements consistently rank them highly in customer satisfaction surveys.
5. QuickLoan Pte Ltd
License no. 42/2025 | Raffles Place & CBD
Formerly Quick Loan 101, QuickLoan offers fast personal loans across central business districts. Located conveniently near Tanjong Pagar, Raffles Place, Bugis, and Downtown, they’re lauded for their swift, friendly service. A strong choice for professionals seeking speed and clarity in loan processes.
6. 1st LG Credit Pte Ltd
License no. 76/2024 | Lucky Plaza, Orchard Road
Known for its longstanding presence since 1991 (formerly Lekshmi Moneylender), 1st LG Credit is recognised for transparent practices and accessible central‑Orchard location late‑payment concerns and offering tailored borrower advice.
7. Singapura Finance Ltd
Founded 1950 | Branches across Singapore
With over seven decades in operation, Singapura Finance offers robust personal and business financing. Their relationship managers provide personalised loan packages designed to suit each borrower’s lifestyle. Especially suitable for those seeking long‑term engagement over simple transactional lending.
8. Credit Excel Capital Pte Ltd
License no. 111/2022 | Waterloo Street, Bras Basah
Credit Excel Capital has over ten years in the industry and compellingly fast approvals—typically within a day. Their low interest monthly‑instalment loans and high‑touch customer service stand out. Borrowers praise their “prompt and professional credit officer” and detailed repayment guidance. A dependable pick for those needing swift, affordable funding.
9. Accredit Money Lender (Tampines)
Subsidiary of Quick Credit | 2002 | Tampines
Functioning as Quick Credit’s sister lender, Accredit operates with the same borrower‑centred ethics. Their partnerships with voluntary welfare organisations like Adullam Life Counselling and Silver Linings reflect their commitment to social responsibility. They offer transparent loan terms, placing borrower welfare as a core principle.
10. Bugis Credit Pte Ltd
470 North Bridge Road | Since 2007
This lender’s diversified portfolio includes personal, business, monthly, payday, and foreigner loans. Bugis Credit is heavily rated online (5★ by 270 reviewers) for their professionalism, friendliness, and dependable service . A great match for urban borrowers seeking versatility and steady online approval feedback.
Honourable Mentions
While not making the final list, several lenders also merit recognition:
- Fong Chin Capital, Fortune Credit, Gain Credit, Galaxy Credit, Gold Allianze, Golden Credit, Goldstar Credit, and G.S. Credit maintain strong reputations across multiple districts.
- Monetium Credit, QV Credit, Credit Culture, Katong Credit, S.E. Investment, Cash Mart, and Abi Credit are also noted as reputable licensed lenders.
- EZ Loan Pte Ltd operates two CBD branches offering prompt assistance
Borrower Protection & Regulations
Licensed moneylenders in Singapore are tightly regulated by the Ministry of Law and Registry of Moneylenders. Key safeguards include:
- Interest rate caps: A maximum annualised effective rate of 4% per month, or 48% per annum for unsecured loans.
- Loan limits: Borrowers may only owe up to 8 times their monthly income
- Fair collection practices: No harassment; demand letters only during reasonable hours; home visits limited to written notifications .
- Mandatory transparency: All fees, interest, and administrative costs must be fully disclosed—no hidden charges.
Failure to repay can lead to a letter of demand, legal action, and difficulties with future applications . Borrowers struggling to repay are encouraged to renegotiate terms or access debt counselling services offered by agencies like Adullam Life Counselling, Arise2Care, or Blessed Grace Social Services .
Borrower Tips
- Compare APRs and fees: A low nominal rate can hide high admin fees—always compare total costs.
- Assess flexibility: Who allows early repayment without penalty? Is refinancing or rescheduling possible?
- Evaluate borrower support: Do they provide financial advice or compassion in hardship?
- Verify licence status: Check the Registry of Moneylenders on the Ministry of Law website for licence validity and number ranges.
- Beware unlicensed lenders: These illegal operators often resort to intimidation and extortion. Always check licence.
In Summary
- Fast Money, Lending Bee, Quick Credit, Best Credit, QuickLoan, 1st LG Credit, Singapura Finance, Credit Excel, Accredit, and Bugis Credit are the top-tier licensed providers in 2025.
- Each exhibits strengths in transparency, service quality, accessibility, or social responsibility.
- Licensed lenders remain safer than unlicensed alternatives, but you must remain vigilant about costs and ensure you can meet repayment obligations.
- Singapore’s regulatory backdrop ensures fairness—interest caps, collection rules, and borrower protection are enforced rigorously.
Final Thoughts
Choosing the right moneylender involves more than rates—it also depends on your personal situation, location, repayment capacity, and need for flexibility. If uncertainties arise, consider financial counselling and reassess whether the loan is necessary.
For urgent use, Fast Money and Lending Bee deliver fast, tech-enabled, and well-reviewed options. For those seeking a more empathetic, socially conscious approach, Quick Credit, Accredit, or Bugis Credit may align better with your values.
Ultimately, licensed moneylenders can be a viable bridge during urgent financial shortfalls—so long as you borrow responsibly.
| Lender | Licence No. | Key Locations |
| Fast Money | 127/2024 | Yishun Ave 5, Tampines Central |
| Lending Bee | – | Orchard, others via app-based service |
| Quick Credit | 45/2024 | Jurong East, Tampines (Accredit) |
| Best Credit SG | 128/2024 | Bukit Batok Street 31 |
| QuickLoan | 42/2025 | International Plaza CBD |
| 1st LG Credit | 76/2024 | Lucky Plaza, Orchard Road |
| Singapura Finance | – | Multiple branches (incl. Ang Mo Kio, CBD) |
| Credit Excel Capital | 111/2022 | Waterloo St, Bras Basah |
| Accredit Money Lender | – | Tampines Central 1 (via Quick Credit subsidiary) |
| Bugis Credit | – | North Bridge Road (Bugis Cube) |
Borrowing Safely
- Confirm licences via moa.gov.sg.
- Never deal with lenders who demand upfront cash.
- Keep records of all agreements.
- Seek help early if repayment issues arise.
- Use registered debt counselling if needed.
Embarking on a loan is a significant decision. With this rich overview, you can approach licensed moneylenders in Singapore with clarity and confidence—selecting the best based on your needs, ethical values, and financial prudence.
