Top List: 10 Best Licensed Money Lenders in Singapore (2024)

There are always ups and downs in life, with unexpected situations coming out of left field that require more resources than we have on hand. Take a sudden medical emergency for example, or a costly vehicle breakdown even though your car is fairly new. These might require more funds than what you might have in your bank account there and then.

Furthermore, your stress is doubled if you can’t qualify for a personal loan from a bank during this time of need.

Fortunately, licensed online money lenders in Singapore have become a saving grace for many. Obtaining a personal loan from the best licensed money lenders in Singapore can be easy because of the seamless application process and potentially quick disbursement of funds. Additionally, they are strictly regulated by the Ministry of Law and are nothing like loan sharks or illegal money lenders.

If you’re looking for an approved and good money lender in Singapore, our curated list of licensed money lenders in Singapore will be helpful for you. Here are the top 10 money lenders in Singapore for your consideration, arranged according to where they’re located around the Lion City.

Best Licensed Money Lenders in West Singapore

1. Synergy Credit

Synergy Credit was established in 2009 to assist low-income earners who have difficulties applying for bank loans in Singapore. With a mandate to help those who have a bad credit history, Synergy Credit offers generous loan terms so that clients can get back on their feet after suffering a blow to their finances.

By combining Synergy Credit’s open-minded approach with modern fintech solutions to process every loan, the licensed lender prides itself as a service-oriented lender that serves with compassion. Synergy Credit is, after all, one of the best private online money lenders out there.

2. Cash Direct

Cash Direct is a reputable, good money lender in Singapore’s Jurong East region that offers a comprehensive range of loans at competitive interest rates. From personal loans and payday loans for individuals to business loans for enterprises, Cash Direct offers seamless approvals so that clients can obtain their funds quickly to tide them over tough times.

Having accumulated more than 2,700 5-star reviews on Google till date, it’s not hard to understand why this highly recommended money lender in Singapore is amongst the best list of money lenders!

3. Oasis Credit

Oasis Credit made it into our list of top 10 money lenders in Singapore for its commitment to responsible lending practices to meet the unique requirements of all clients. This recommended licensed money lender doesn’t pay heed to the traditional moneylending industry which comes with hidden fees and hefty loan amounts that borrowers don’t actually need.

Oasis Credit focuses on delivering a fair and transparent experience, ensuring a customer borrows within their financial means yet receives the urgent cash they need.

If this still doesn’t convince you into thinking they’re one of the best money lenders in Singapore, maybe its 95% successful loan approval rate will. When it comes to loan applications, this money lender is all about speed and ease.

Best Licensed Money Lenders in North Singapore

1. R2D Credit

Getting a loan from R2D Credit is fast and effortless as this good licensed money lender is known for its high approval rates across the various types of loans it offers. The approved money lender in Singapore does not require credit score checks, collateral, guarantors, or deposits from borrowers looking to take up an unsecured loan.

However, do note that this recommended licensed money lender in Singapore will still obtain your Loan Information Report to help determine how risky of a borrower you are. As such, R2D Credit is an ideal lender within the list of legal money lenders in Singapore for individuals who need fast approvals and quick fund disbursements.

Do note that the accuracy of the supporting documents you provide will determine how fast this good money lender in Singapore can approve your loan. This rule of thumb applies across all approved money lenders in Singapore.

2. Galaxy Credit

Deserving of a spot in our carefully put together list of licensed money lenders in Singapore is Galaxy Credit. This highly rated and recommended licensed money lender in Singapore is a one-stop solution for borrowers, offering as many as 10 different loans at competitive rates to cater to various financial needs and situations.

Another plus point of this good licensed money lender is its highly accessible location. Its office is situated within Ang Mo Kio Central and merely a 4-minute walk away from Ang Mo Kio MRT Station.

Its convenient location means that you can easily pop by to sign off on your loan offer when you’re running errands in the area, or even after work on a weekday. As one of the best private online money lenders in the industry, you can easily apply for your loan in a minute or two on its website.

Best Licensed Money Lenders in Central Singapore

1. Soon Seng Credit

Soon Seng Credit regards honesty as the best policy and prides itself as a good money lender in Singapore who is transparent in all financial dealings with its borrowers. Even its loan officers are trained to be problem solvers capable of tailoring affordable loans that ease borrowers’ financial burdens.

This is more important than you might think because the average person might not know the difference between the various loan types out there. In order to be one of the best private money lenders amongst the long list of licensed money lenders in Singapore, it’s important for a company’s loan officers to guide borrowers along and ensure they are applying for a loan that best suits the emergency they’re trying to resolve.

A good licensed money lender or recommended licensed money lender should and will always prioritise its borrowers’ needs. How to check on this? Scutinise plenty of licensed money lender reviews to narrow down the best online money lenders!

2. GoldStar Credit

As one of the best online money lenders in Singapore’s private money lender list, Goldstar Credit offers high approval rates with same-day approval to boot. This means borrowers need not wait for days to get a loan approved or have funds disbursed to their accounts. Currently, Goldstar Credit operates in two locations, Toa Payoh and Hougang, both of which are easily accessible by the MRT.

For folks who are living in the north and northeastern side of Singapore, it’s a major boon as they have two more options to consider from the list of legal money lenders in Singapore.

Best Licensed Money Lenders in East Singapore

1. 96BM Credit

With over 2,900 customers raving about 96BM Credit’s excellent location and customer service on Google —take a look at the licensed money lender reviews— you can be sure your application experience will be a good one with this recommended money lender in Singapore. 96BM Credit offers many different types of loans to cater to different needs, but what sets it apart from other lenders is its online personal loan calculator.

This calculator helps borrowers know how much they need to repay before deciding if they should take up a loan from the company. Although it’s a simple tool, it’s very much an invaluable one as it easily helps you structure your monthly budget.

2. On Line Credit

Established since 1998, On Line Credit has offered credit and financial assistance to many satisfied customers. In fact, it is known to be one of the best money lenders in Singapore for its diversity in loans readily available to help all kinds of customers — On Line Credit has a loan for you whether it’s for setting up a new business, acquiring cash for the short-term or bridging a private property purchase.

What essentially makes On Line Credit one of the best licensed money lenders in Singapore is its dedication and attentiveness to its customers. The lender upholds three core values; (i) commitment to being hassle-free in its services; (ii) being a passionate team that handles loan matters proactively and responsibly; and (iii) staying optimistic about the future and always tackling change and challenges.

On Line Credit always wants the best for its customers, and the loan journey begins with a non-obligatory yet comprehensive discussion.

3. UK Credit

As a respected, top licensed money lender in Singapore with some of the best money lender reviews out there, UK Credit offers a wide range of loans at low interest rates. Besides the usual personal loans, business loans, and debt consolidation plans, UK Credit also helps to ease borrowers’ cash flow problems with different types of loans for specific expenses. The loans offered include wedding loan, medical loan, study loan, and renovation loan.

There is also a Gojek or Grab loan dedicated to helping private hire drivers make ends meet during tough times. Talk about a comprehensive selection from one of the best money lenders in Singapore indeed!

In Closing

With over 150 lenders operating in Singapore according to the Registry of Moneylenders’ list of licensed money lenders, it can be tough to narrow the best ones down.

No matter where you’re living or working at, there’s bound to be a lender with some of the best money lender reviews close by as illustrated in the above private Singapore money lender list. Fortunately, we’ve selected the top 10 money lenders in Singapore located in various parts of the country for your convenience. These are highly rated companies and you won’t go wrong with any of them.

This is especially true for UK Credit. We’ve been operating ever since 2008 and as detailed above, offer a myriad of loans for different financial needs. Get your application going by contacting us here. Our experienced loan executives will then reach out to you as soon as they can with a personalised quote.

About the Author

Constance Lee

Constance Lee is a freelance writer who is experienced in creating well-researched content for many industries. She has worked with many clients across the world and has produced over 500 articles.