To save you more time, we’ve gathered the complete list of 157 licensed moneylenders and banks in Singapore verified by the Ministry of Law as of January 1, 2019.
Cash Mart Singapore is among these validly licensed moneylenders and is enumerated at #33.
Our operating hours:
Mondays to Fridays 11 am – 8 pm
Saturdays 11am – 6pm
Closed on Sundays and Public Holidays
S/No. | Business Name | Business Address | License No. | Website |
1 | 101 CREDIT PTE. LTD. | 101, UPPER CROSS STREET, #01-24, PEOPLE’S PARK CENTRE, SINGAPORE 058357 | 40/2018 | http://www.101personalloan.com.sg |
2 | 1133 MONEYLENDERS PTE. LTD. | 262, BALESTIER ROAD, #01-02, OKIO, SINGAPORE 329714 | 95/2018 | http://www.1133moneylenders.sg |
3 | 1ST CAPITAL PTE. LTD. | 304, ORCHARD ROAD, #04-01, LUCKY PLAZA, SINGAPORE 238863 | 5/2018 | http://www.1stcapital.com.sg |
4 | 1ST CREDIT SG PTE. LTD. | 149, ROCHOR ROAD, #01-07, FU LU SHOU COMPLEX, SINGAPORE 188425 | 90/2018 | http://www.moneylenderhub.com |
5 | 1ST LG CREDIT PTE. LTD. | 304, ORCHARD ROAD, #02-29, LUCKY PLAZA, SINGAPORE 238863 | 58/2018 | http://www.moneylenderpro.com |
6 | 365 CREDIT SOLUTIONS PTE LTD | 14, SCOTTS ROAD, #03-64, FAR EAST PLAZA, SINGAPORE 228213 | 22/2018 | http://www.365credit.com.sg |
7 | 96 CREDIT | 883, NORTH BRIDGE ROAD, #01-13, SOUTHBANK, SINGAPORE 198785 | 144/2018 | http://www.cashloansingapore.com.sg |
8 | A1 CREDIT | 2, HAVELOCK ROAD, #02-08, HAVELOCK2, SINGAPORE 059763 | 117/2018 | http://www.a1credit.sg |
9 | ABI CREDIT PTE LTD | 185, TOA PAYOH CENTRAL, #01-320, SINGAPORE 310185 | 27/2018 | http://www.abicredit.sg |
10 | ABK LEASING | 13, NORTH BRIDGE ROAD, #01-3984, SINGAPORE 190013 | 118/2018 |
The updated list of licensed moneylenders in Singapore is well-maintained and regularly updated by the Registry of Moneylenders and the Ministry of Law.
MinLaw (Ministry of Law) and the Registry of Moneylenders collaborated to create guidelineregulating all moneylenders and protectingct borrowers from illegal lenders.
Those credit companies who are non-compliant with the Moneylenders Act and other corresponding regulations of MinLaw will not be on the list.
As of 1 October 2015, all licensed Singapore moneylenders are only allowed to impose the following charges and expenses:
If borrower A takes a loan for $10,000, then all the charges (interest, administrative fee, and monthly $60 late fee) should not exceed the principal loan amount of $10,000.
Furthermore, Moneylenders are prohibited from practising the following:
As of 1 November 2011, all licensed moneylenders are permitted to advertise using only these three channels:
Other channels not included on the said lists are prohibited.
Moneylenders with social media ads are either unlicensed moneylenders or legal money lenders violating the Moneylenders Act. So, ignore those Facebook, Instagram or Linkedin, and Google Ads.
Avoid borrowing from these lenders.
If you are looking for a legitimate money lender, you must take your time to shop around, read moneylender reviews, and get the feedback of the people you trust.
Though the government has done their best to regulate the money lending industry strictly, it still pays to be vigilant to avoid loan sharks and illegal money lenders who post as legitimate businesses.
With Singaporeans’ changing lifestyle and evolving culture, loans have been a part of their lives for emergency needs and added convenience.
Gone is when personal loans are just for bridging payday to payday or expanding small businesses. Now, loans can also be used for your grand wedding or a perfect vacation getaway.
Banks and licensed moneylenders in Singapore will offer you various loans, whatever your reason for a loan application.
Licensed moneylenders in Singapore offer more flexible loans with a shorter process, taking pride in instant loans for Singaporeans and expats.
With many moneylenders floating around online to offer loans, take the time to choose where to apply for a loan.
Choose a moneylender with a long list of satisfied clients, transparent terms and proficient service. Need instant cash but are confused about which lender can meet your exact needs?
As the leading legal private moneylender in Singapore, Cash Mart is backed by a team of trained staff willing to walk you through the process.
With innovative solutions, you can indeed walk out of its doors within less than an hour with satisfaction and cash in hand.
Get your needed loan now at Cash Mart, drop by or give a call and experience service from the friendly staff: uniquely personal and professional.
Our operating hours:
Mondays to Fridays 11 am – 8 pm
Saturdays 11am – 6pm
Closed on Sundays and Public Holidays
Singapore is known as the banking hub in Southeast Asia. It is an international financial centre under a government practising pro-business policies. Furthermore, our banking industry, regulated by the Monetary Authority of Singapore, manages more than $350 billion of assets.
Our global economy has been shaky, but now the markets are gaining ground and stability. Understandably, both Singaporeans and expats consider various factors when choosing their bank.
Out of Singapore’s 111 commercial banks, 49 merchant banks, and 45 banks with representative offices, we presented our Top 20 Singapore Banks in 2019.
For more than 100 years, banks have been known as the go-to places to get premium loans, yet soon Singaporeans have developed an insight that banks only lend to those with sound finances: basically, those who don’t need loans.
Those who have just enough money in their bank accounts get a hard time processing their loans as banks believe it is too risky to lend money to them.
These brick-and-mortar establishments have devised a long list of required documents to assure less risky loan transactions; however, this results in a few days of the process, which beats the need for quick cash.
Banks are also mindful of lending to those with bad credit scores, no credit history, foreigners and no regular income.
Fortunately, you can easily get a loan from online licensed money lenders whenever you need extra cash.
Experience the fastest and most affordable online loans with Cash Mart today.