Top 8 Best Licensed Moneylenders In Singapore (2024)

Until recently, Singaporeans were unable to secure a loan from traditional lenders such as banks when faced with a financial dead-end. The situation was exploited by illegitimate lenders in Singapore, loan sharks known colloquially as ‘Ah Longs’.

Today, the government’s regulation of non-traditional lending has created a competitive market that offers borrowers a range of excellent legal options. We have done the legwork for you, creating this accredited list of well-known licensed money lenders in Singapore.

Galaxy Credit & Investments

🌐Website	galaxycredit.com.sg
📍Address	Blk 709 Ang Mo Kio Ave 8 #01-2595, Singapore 560709 (Ang Mo Kio Central, 4 mins walk from Amk MRT)
📞Contact	6250 8811
⏰Opening hours	Monday – Saturday 11am to 7.30pm , Closed on Sunday and Public Holidays
🤝Services	Personal loan, Business loan, Bridging Loan, Debt Consolidation Loan, Wedding Loan, Payday Loan, Study Loan, Renovation Loan, Vacation Loan, Grab/Gojek Loan
Google Rating	5.0Based on 5427 reviews

Galaxy Credit stands out for its vast array of specialised loans with affordable interest rates, which is why it easily takes the top spot. This Ang Mo Kio-based moneylender caters to a wide range of clientele and fine-tunes its loan conditions to suit each applicant’s specific needs.

Galaxy Credit emphasises its commitment to a quick assessment and approval process. Borrowers will be hard-pressed to find another licensed moneylender with a faster time-to-cash period.

R2D Credit

🌐Website	r2dcredit.com
📍Address	Blk 846 Yishun Ring Road #01-3661, Singapore 760846 (Khatib Central, 5 mins walk from Khatib MRT, right behind basketball court)
📞Contact	6635 1596 (Contact Jacob)
⏰Opening hours	Monday – Friday 11.30am to 7.30pm, Saturday 11.30am to 6pm, Closed on Sunday and Public Holidays
🤝Services	Grab/Gojek Loan, Wedding Loan, Renovation Loan, Medical Loan, Bridging Loan, Study Loan
Google Rating	5.0Based on 4066 reviews

R2D Credit makes our list of top moneylenders in Singapore for its combination of high approval rates and low-interest terms. This Yishun-based moneylender also offers a range of specialty loans, such as wedding loans and debt consolidation loans.

R2D Credit’s presence in Yishun is a welcome development; the area had previously developed an unenviable reputation for high crime and loan sharking activity. Now, residents have a licensed, reliable legal option in their neighbourhood.

Soon Seng Credit

🌐Website	soonsengml.com
📍Address	1 Park Road, People’s Park Complex #01-21, Singapore 059108, (Chinatown, 5 mins walk from Chinatown MRT Exit C)
📞Contact	6226 8860
⏰Opening hours	Monday – Saturday 11am to 7.45pm, Sunday 11am to 5pm, Closed on Public Holidays
🤝Services	Personal Loan, Payday Loan, Business Loan, Debt Consolidation Loan, Grab/Gojek Loan, Wedding Loan, Renovation Loan, Medical Loan, Bridging Loan, Study Loan
Google Rating	5.0Based on 3510 reviews

Located right in the heart of Singapore, Soon Seng Credit is perhaps the most easily accessible licensed moneylender in the country. They offer a variety of consumer-specific loans as well as business loans.

Soon Seng places great emphasis on transparency and trust, which are the two critical elements of the borrower-lender relationship. Few other lenders are as focused on ethical lending as this company.

UK Credit

🌐Website	ukcredit.sg
📍Address	Blk 210 New Upper Changi Road #01-723, Singapore 460210 (Bedok North Central, 5 mins walk from Bedok MRT Station)
📞Contact	6448 7448
⏰Opening hours	Monday – Saturday 11.30am to 7.45pm, Sunday 11.30am to 5.45pm, Closed on Public Holidays
🤝Services	Personal Loan, Payday Loan, Business Loan, Debt Consolidation Loan, Grab/Gojek Loan, Wedding Loan, Renovation Loan, Medical Loan, Bridging Loan, Study Loan
Google Rating	5.0Based on 3269 reviews

With affordable rates and serving the Bedok population, UK Credit takes pride in their stellar customer service. They are also lenient towards less-than-optimal credit scores, which is good news for borrowers who have been unsuccessful in obtaining loans from other financial institutions.

96BM Credit

🌐Website	cashloansingapore.com.sg
📍Address	Blk 302 Ubi Ave 1 #01-31, Singapore 400302 (2 mins walk from Ubi MRT Exit A)
📞Contact	6292 2629 (Contact Clara or Sim)
⏰Opening hours	Mon-Sat 11:30am – 7:30pm, Closed on Sundays & Public Holidays
🤝Services	Personal Loan, Wedding Loan, Payday Loan, Renovation Loan, Business Loan, Medical Loan, Debt Consolidation Loan, Bridging Loan, Grab/Gojek Loan, Study Loan
Google Rating	5.0Based on 4144 reviews

If the number of borrowers served are any gauge of a company’s reliability and capability, the 3145 customers 96BM Credit has served as of time of writing reasily puts this legal moneylender in the Top 8.

96BM boasts one of the highest approval rates in the industry, which is no surprise considering that they do not assess your credit score. If you have had credit issues in the past, speak to this licensed moneylender.

Synergy Credit

🌐Website	syncredit.com
📍Address	Blk 447 Clementi Avenue 3 #01-201, Singapore 120447 (Clementi Central, 5mins walk from Clementi MRT)
📞Contact	6250 0066
⏰Opening hours	Mon-Sat 11:30am – 8:00pm, Sun 11:30am – 5:00pm, Closed on Public Holidays
🤝Services	Debt Consolidation Loan, Grab/Gojek/Food Delivery Loan, Medical Loan, Renovation Loan, Study Loan, Wedding Loan, Business Loan
Google Rating	5.0Based on 2585 reviews

Synergy Credit maintains the highest standards of integrity and ethical lending by all applicable laws. They believe in fair practice that does not discriminate against anyone’s credit record, which is why they can establish long-term relationships with many customers.

Cash Direct

🌐Website	cashdirect.sg
📍Address	2 Venture Drive, Vision Exchange #01-21, Singapore 608526 (Jurong East Central, 5 mins walk from Jurong East MRT Station Exit B)
📞Contact	6493 0088
⏰Opening hours	Mon-Sat 11:00am – 7:45pm, Sun 12:00pm – 5:00pm, Closed on Public Holidays
🤝Services	Business Loan, Payday Loan, Debt Consolidation Loan, Grab/Gojek/Taxi Loan, Wedding Loan, Renovation Loan, Medical Loan, Bridging Loan, Study Loan
Google Rating	5.0Based on 3977 reviews

Established in 2010, Cash Direct has loaned over $49 million to borrowers to date. With interest rates from 2% per month, it’s not hard to see why borrowers approach them over other licensed moneylenders in Singapore.

Cash Direct strives to personalise each loan and its terms to suit every borrower. Speak to them about their custom payment schedules for your convenience.

GoldStar Credit

Branch	Hougang Branch
🌐Website	goldstarcredit.co
📍Address	1187 Upper Serangoon Road, The Midtown #01-21, Singapore 533971 (Hougang Central, 5 mins walk from Hougang MRT Station)
📞Contact	6384 0088
⏰Opening hours	Monday – Saturday 11.30am to 8pm, Sunday 10am to 5pm, Closed on Public Holidays
🤝Services	SME Working Capital Loan, Payday Loan, Debt Consolidation Loan, Grab/Gojek/Taxi Loan, Wedding Loan, Renovation Loan, Medical Loan, Freelancer Loan, Personal Loan
Google Rating	5.0Based on 4398 reviews

Branch	Toa Payoh Branch
🌐Website	goldstarcredit.co
📍Address	Blk 190 Lorong 6 Toa Payoh #01-576, Singapore 310190 (Toa Payoh Central, 5 min walk from Toa Payoh MRT Station, Beside KFC, 7-11 and Guardian)
📞Contact	6252 0088
⏰Opening hours	Mon-Sat 11:00am – 7:45pm Sun 10:00am – 5:00pm, Closed on Public Holidays
🤝Services	SME Working Capital Loan, Payday Loan, Debt Consolidation Loan, Grab/Gojek/Taxi Loan, Wedding Loan, Renovation Loan, Medical Loan, Freelancer Loan, Personal Loan
Google Rating	5.0Based on 3574 reviews

Rounding off our list of moneylenders in Singapore is Goldstar Credit. This company is one of the few licensed moneylenders in Singapore that is large enough to maintain two branches.

The first is located in The Midtown at Upper Serangoon Road in Hougang Central. Hougang is a mature estate and the town with the biggest population in the North Eastern region of Singapore. The second is at Toa Payoh Central, a short walk from Toa Payoh MRT Station. The Toa Payoh region is home to several housing estates and many small to medium enterprises (SMEs).

While we have ranked these moneylenders in Singapore, the best option for your specific circumstances may vary. Galaxy Credit is the leading licensed money lender in the Ang Mo Kio region. No matter where you are, contact us and allow our loan officers to help address your financial needs.

About the Author

Powered by close to 5,300 5-star Google reviews since our inception in 2010, Galaxy Credit is more than well-equipped to share our insight on all aspects of loans through the content we put out as well as in conversations with borrowers.