Licensed Moneylenders Admiralty

Licensed Moneylenders Admiralty


Admiralty is a subzone planning area of Sembawang, which is located in North of Singapore. 

The area consists of integrated development plans including Kampung Admiralty. 

Ace The Place Community Centre is the name called for the neighbourhood’s community centre. 

Other than this is the licensed money lenders in Admiralty present for the best financial help the locals can avail. 

How to get the best online loan in Admiralty?

Money lending industry continuously develops systems to entertain all sorts of borrowers’ financial needs. That’s why online loan available now. Just follow the fast and simple steps and take home the quick cash with ease.

  1. Complete the online loan application form on the official money lending websites of a reputable money lender. Choose a personal loan that targets the main purpose of your application. Licensed money lenders in Admiralty guide borrowers in making big financial decisions.
  1. A money lending office personnel will contact you for the assessment of your loan application. Always be readily available to answer their call after submitting your application. Listen carefully for the discussion of requirements and the next steps to follow. 
  1. Stop by the licensed money lender’s office. Bring with your completed requirements and submit it to the loan advisor. Fax submission of documents is strictly prohibited. Your presence is required for the evaluation of your loan request and documents. Be honest throughout the interview to secure your loan cash. 
  1. Read the note of the contract and ask questions to the loan advisor as needed. Licensed money lenders in Admiralty staff and advisors answer borrower’s questions with clarity. If you understand and agree that everything in the contract, affix your signature. 
  1. Get your instant cash loan at the money lender’s cashier. Check if you have the right receipt and keep it as proof of your transaction. 
  1. Repay the payday personal loan diligently. Avoid late repayments by marking your calendars. 

Avail the best online loan products and services from the licensed money lenders in Admiralty and manage your finances wisely. 

What do licensed money lenders in Admiralty do?

There are many licensed money lenders present in Singapore that offers various loan items for individuals and businesses. 

One of these institutions is the licensed money lenders in Admiralty that strictly follow the regulations of the government. They adhere to a strict code of ethics under the Ministry of Law and. That’s why they are very transparent when it comes to interest rates, charges, fees and eligibility requirements. 

In addition, lenders check your regular income and total debt servicing ratio before granting a loan approval. 

It is very important that as a borrower, you are comfortable to offset a loan and not be overburdened. 

Look for the licensed money lenders in Admiralty and check their online loans that you can apply for

Why get a loan from the licensed money lenders in Admiralty?

There are many perks of borrowing from a licensed money lender and these are as follows:

The simple loan application process

Simply start your loan adventure by filing your loan application online. Make sure you’re on the right and secured page of the lender. You can do this wherever you are, either at home or work. 

Also, you can fulfil the basic supportive documents without hassle. Majority of your requirements are within your possession. Bring it personally at the lending physical office. 

Check out the official website of the licensed money lenders in Admiralty and learn about their fast and easy application process. It saves your time and effort and ensures you to receive the funds quickly. 

Calculated Interest Rates

As you shop around lenders, make it a habit to compare their interest rates. It is a major factor when choosing a money lending company. With a proper calculation of interest, your monthly repayments are predictable for the loan duration. 

Licensed money lenders in Admiralty oblige at the maximum interest rate allowed by the Registry of Ministry. They do not overcharge but rather compute it accordingly. 

In addition, lenders in Admiralty may lower an interest rate if you have a good credit score. Visit their office and inquire more about it. 

Loan limits

Other private lending companies offer higher loan limits. Don’t be overly excited for this might be a trap. 

As per the Ministry of Law, a ceiling loan amount is allowed per individual. Only approach lending institutions that abide by this policy. 

With your loan eligibility requirements such as proof of employment and proof of income, licensed money lenders in Admiralty approves a loan amount that you can pay off easily on time. 


If you compare an institutional lender from a licensed private money lender, you’ll see that the latter has more flexible loan terms and conditions. 

Just like the licensed money lenders in Admiralty, they have a wide variety of loan products and services to cater to all types of borrowers’ needs. Also, their repayment plans are considerate to your situation. 

Here is an example. If you won’t make it on time for your due date, inform the licensed money lenders in Admiralty ahead. They are glad to work out another payment option for you. 

Visit the nearest reputable money lending company and avail the payday loan products and services for your personal and business matters.


Why Cash Mart?

Cash Mart is a licensed moneylender like no other. It is fully compliant with the Moneylenders Act as mandated, authorised and regulated by Singapore’s Ministry of Law (MinLaw). Furthermore, it acknowledges and understands that every client has unique financial needs to resolve. And we believe that trust and integrity is the most valuable currency in this industry. In 48 years, Cash Mart earned an unmatched experience in moneylending industry.

Withstanding the constantly fluctuating market, it has discovered the secret to becoming the most sought-after licensed moneylender in Singapore. It is to put clients’ interests as the centre of every business decisions may it be optimizing the website or creating new loan products. Mediocre financial solutions are not enough. Cash Mart believes that while Singaporeans need loan products, they must also get it in the most convenient way. This is why we have online loan applications!

We want to be available to everyone who seeks financial assistance any time of the day, wherever part of the city-state you are. Our personal loan products are planned to provide quality solutions for the everyday financial needs of modern life. Use our loans from bridging a financial gap to turning your dreams into reality.

Experience Cash Mart today!

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Declared Annual IncomeLess than 20,00020,001-29,99920,001-29,999Above 120,000No. of Outstanding Loan1 Moneylender2 Moneylender3 Moneylender4 Moneylenders or moreBankruptcy or DRSNo, I am notUnder bankruptcyUnder debt repayment scheme Home StatusOwnerTenantLiving with parents,family or guardiansLandlord (unit rented out)SUBMIT

Reviewer Sam Go Review Date 2017-05-12 5 Reviewed Item Thank you cash Mart for approving my personal loan. You have no idea how much worries have been unloaded from my shoulders. You are definitely my go-to place at the time of my financial gap. Author Rating


Moneylender Review

Moneylender Review

Moneylender Review: Low Interest Money Lender in Singapore (2022)

Are you trying to compare rates and services to find out who the right licensed moneylender is for you? Here’s a moneylender review for low interest money lender in Singapore.

As you may probably know, a licensed moneylender review in Singapore is handy for first-time loan borrowers and even those looking for a better borrowing experience.

However, is this the best way to choose your ideal moneylender?

With various money lenders in Singapore claiming to have low interests and good quality service, it’s challenging to decide which one won’t mistreat you and help you with your finances.

It is one of the important reasons why many of us will need to go through the long process of browsing forums and moneylender review sites online to check the opinions and verify the experience of other borrowers.

Click Here to Apply for a Quick Loan with Cash Mart

Are Licensed Moneylender Review Sites Okay?

Most of us think that loan review sites give us the advantage of foresight.

We understand how a money lender deals with its customers with review sites based on what other people have experienced.

Also, it will ensure that a certain moneylender has quality service and loan products.

Based on the testimonials and ratings, you can tell how satisfied previous clients are.

On the other hand, some borrowers will share their bad experiences so others will know what to expect if they borrow from the reviewed lender.

With these review sites sprouting here and there, finding the best money lender is like a walk in the park.


But should you believe everything you read on these sites?

Limitations of Moneylender Review about Low Interest Money Lender Singapore

Around 58% of the BrightLocal annual survey respondents shared that average star ratings are the most significant factor in an online review site.

Overall, 84% of consumers admitted that they trust online reviews. However, can you trust every testimony written you do not personally know?

A review site can’t give you the whole picture. Most consumers will write a review when they get a poor experience.

Some consumers who get positive experiences may not be as concerned with writing a review.

Click Here to Apply for a Quick Loan with Cash Mart

People have different viewpoints and opinions. There will be times when some aggravating factors for others may be bearable for you.

When looking for a money lender, you shouldn’t simply rely on star ratings. Also, take some time to dig deeper for concrete details.

Finding Low-Interest Moneylenders in Singapore

The Singapore government strictly regulates money lenders. A lender’s license can get revoked if they violate the Moneylenders Act (2008).

According to this Act, money lenders can only charge an interest rate of up to 4% a month.

This cap applies to unsecured and secured loans.

Let’s say a borrower failed to repay the loan on the agreed due date. Then, the maximum interest rate the private loan money lender can charge is no more than 4% of the remaining balance for each month that had lapsed.

It means that the interest must be computed based on the remaining principal loan amount after deducting the total payments made.

If you take a loan of S$ 10,000 and have repaid the S$4,000, you will only compute the interest rate for the late payment against the remaining S$6,000. As you can see, the late interest will not consider the principal loan amount unless the borrower did not pay a single cent.

Let’s say you agreed to repay your loan by instalment. What happens if you miss one due date?

Take, for example, a loan amount of S$ 10,000.

If a borrower fails to pay the first instalment of S$2,000, the moneylender can only charge a late interest on the missed S$2,000 repayment.

The remaining balance, which is not due yet, will not be affected or considered.

Here are some insights we’ve also created to help you find suitable moneylenders in Singapore:

The Insolvency & Public Trustee’s Office (IPTO) & Moneylender Registry

In 1998, the Insolvency and Public Trustee’s Office (IPTO) became the first legal institution in Singapore to be ISO certified. It provides various services, namely:

  • Administration of the affairs of individual and corporate insolvencies,
  • Administration of motor accident compensation claims,
  • Licensing and regulation of moneylenders & pawnbrokers, ang
  • Administration of the estates of deceased persons.

However, in 2014, the IPTO website was divided into four parts:

Nevertheless, the regulation of the moneylending industry continues to be more stringent.

Over the years, the number of moneylenders with valid licenses has gradually decreased.

In the 3rd quarter of 2017, there were 161 licensed moneylenders.

In 2022, only 156 legal money lenders and credit companies were verified by the Ministry of Law.

The receding number of licensed moneylenders means that the Registry of Moneylenders (ROM) is constantly checking the money lending practices in the city-state.

Source: Registry of Moneylenders

What is the Money Lending Act?

moneylenders act

The Registry of Moneylenders now oversees the registration and regulation of moneylenders as mandated by the Money Lending Act.

Moneylenders in Singapore must meet the standards laid out in the Money Lending Act before getting a license to operate in Singapore. Once they can legally operate, they will still have to follow the government’s strict guidelines.

If a violation has been found and proven, their money lending license could get revoked.

As a borrower, you need to know how a licensed money lender should deal with clients. Here are five things you need to keep in mind:

Transparent terms of your loan

Every licensed money lender in Singapore must inform the borrower about all the loan terms. For example, the interest rates, permitted fees, the date of the loan disbursement, the computation of the late interest fee, the frequency of the instalment payments, and the total amount you will pay over the entire loan term.

Loan application process

Every legitimate money lender has to have a loan application process mandated by the Money Lending Act. If the loan process is too easy or does not require any documents, consider it a loan shark.

A licensed moneylender needs to require the borrowers’ full name, date of birth, personal identification number, residential address and telephone number. In addition, borrowers need to provide reliable documentary evidence to support the information provided in the application form.

Loan contract

When borrowing from a licensed money lender, you must expect a loan contract containing all the necessary information about your loan. Therefore, the loan contract must be complete and precise. Also, it must note the equal instalments at equal time intervals for your chosen payment scheme.

Right advertisements

Legal money lenders cannot send advertisements through text, social media, e-mails, and pamphlets. Any promotions should only be within the money lender’s website and its physical office.

Copy of Contact

A reputable money lender should always give you a copy of the Note of contract for the loan. The loan officer should explain every part of the contract.

What is the Credit Association of Singapore (CAS)?

Formerly known as the Money Lenders Association of Singapore (MLAS), they have rebranded into the Credit Association of Singapore. They exist to protect both the interest of borrowers and licensed moneylenders in Singapore.

Signs of Licensed Moneylender Harassment

Not every licensed money lender provides quality customer services.

There are still some moneylenders who violate the Money Lending Act, even those with licenses to operate.

Be mindful of the moneylender who:

  • Ask for your SingPass user ID and/or password. If the moneylender needs your SingPass, you must personally go to their office and key in your details. Never share your SingPass information with anyone.
  • Retain NRIC card or other personal ID documents. Never let anybody take your original documents, as they can use them for fraudulent activities.
  • Asks you to sign an incomplete contract.
  • Grants your loan request without exercising due diligence. If the loan application seems too good to be true, it probably is. As mentioned above, the Money Lending Act requires every loan application to go through a checking your credit history with the credit bureau.
  • It uses abusive language and threatens you. Licensed money lenders may visit your residence to collect your outstanding loan, but vandalism and other threatening activities are red flags.
  • Ask for an outright processing fee before disbursing your loan. Legitimate money lenders will never ask or solicit any advance fees from the borrowers.

Should you deal with a money lender doing these violations, you must file a complaint against this lender.

How to File a Complaint Against a Licensed Money Lender in Singapore

Since the money lending industry is highly regulated in Singapore, all registered money lenders must operate their business in line with the strict supervision of the Registry of Moneylenders (ROM). The ROM is a branch of the Singapore Ministry of Law that oversees the registration and regulation of money lenders.

As a borrower, you can file a complaint against a money lender should you experience unjust contracts, unfair lending practices, illegal collections practices, and any violations of the rules and regulations set forth by the ROM.

You can contact the Registry at (+65) 6325 1416 and 1800-2255-529 or via e-mail at Alternatively, you can send your complaints to and

The Registry of Moneylenders can handle every complaint with the utmost confidentiality. Your personal details will not be revealed to the money lender without your consent. You may need to attend an interview with the Registry to provide all relevant information and documents related to your loan transactions.

If you think serious law violations are done to you by a money lender, you can file your complaint directly to the Singapore Police Force. However, if the complaint is civil, you may also file a complaint with the court under the Consumer Protection (Fair Trading) Act or the Small Claims Tribunal. The court has the power to set aside the loan transactions if proven substantially unfair.

The Registry views every complaint seriously and will investigate it thoroughly. But the best way to avoid such money lenders is to take your time shopping around. A moneylender review on low interest money lenders in Singapore helps you choose. Also, visit money lender review sites and read helpful information for borrowers in Singapore.

Are there Singapore Money Lenders for Bad Credit?

On a lighter note, a licensed moneylender can help you with your finances in the long run.

You can still get a loan from a reputable licensed money lender if you have a bad credit history due to unpaid loans and credit card bills.

Bad credit is usually caused by unpaid credit card bills and loans that you have allowed to balloon for the past months. Unpaid bills and outstanding balances are generally reported to the credit bureau.

Your credit score will pull down if you cannot resolve your debt. Bad credit means you will have difficulty applying for housing loans, auto loans, new credit cards, and other cash loans. So how will you be able to purchase your dream home or car?

The good news is that money lenders can help you rejuvenate your dwindling credit score.

You can get a personal loan from a licensed money lender. You may not be able to borrow a higher amount, but it is an excellent start to earning a positive credit score in the long run.

Once your loan has been approved, make sure that you pay the proper instalment at the right time. Always pay on time to have a positive record in the credit bureau.

What does it mean for me?

To avoid falling victim to loan sharks, get a loan only from a reliable licensed money lender in Singapore. As mentioned, a registered money lender will not charge you unfair interest rates. Moreover, money lending is a business based on trust. Later on, satisfied clients become loyal clients.

RELATED: Where to Get the Best Instant Cash Loan in Singapore

With more contented customers, the moneylender will stay on business throughout the years.

We at Cash Mart have been providing loans in Singapore since 1969.

Over the years, we’ve grown a long list of clientele with flexible terms and fair interest rates.

A moneylender review about low interest money lenders in Singapore indeed gives you a peep at how they treat their clients, but actual results speak for themselves.

If you want to get a taste of an excellent customer experience from a reputable moneylender in Singapore, you can give Cash Mart a call at +65 6397 4111 or drop by 277 Balestier Road today.