Until relatively recently, Singaporeans unable to secure a loan from traditional lenders such as banks faced a financial dead-end. The situation was exploited by non-licensed moneylenders 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. Here are the top 8 licensed moneylenders in Singapore.

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

  • Personal Loan
  • Business Loan
  • Bridging Loan
  • Debt Consolidation Loan
  • Wedding Loan
  • Payday Loan
  • Study Loan
  • Renovation Loan
  • Vacation Loan
  • Foreigner Loan
  • Grab/Gojek Loan

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

Mon-Fri 11:30am – 7:30pm  Sat 11:30am – 6:00pm

Blk 846 Yishun Ring Road #01-3661 Singapore, 760846

(Khatib Central, 5 mins walk from Khatib MRT, right behind basketball court)

Phone: 6635 1596(Look for Jacob)

R2D Credit makes our list of money lenders for its combination of high approval rates and low-interest terms. This Yishun money lender also offers a range of specialty loans, including: 

  • Grab/Gojek Loan
  • Wedding Loan
  • Renovation Loan
  • Medical Loan
  • Bridging Loan
  • Study Loan

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.

Mon-Sat 11:00am – 8:00pm Sun 10:30am – 5:00pm

1 Park Road,People’s Park Complex (Chinatown) #01-21 Singapore, 059108

(5 mins walk from Chinatown MRT, Exit C)

Phone: 6226 8860

soonsengml.com

Located right in the centre of Singapore, Soon Seng Credit is perhaps the most easily accessible licensed money lender in the country. It, too, offers a variety of consumer-specific loans:

  • Personal Loan
  • Payday Loan
  • Business Loan
  • Debt Consolidation Loan
  • Grab/Gojek Loan
  • Wedding Loan
  • Renovation Loan
  • Medical Loan
  • Bridging Loan
  • Study Loan

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.

Mon-Sat 11:30am – 8:30pm

Blk 210 New Upper Changi Road (Bedok North Central) #01-723 Singapore, 460210

(3 mins walk from Bedok MRT Station)

Phone: 6448 7448

ukcredit.sg

UK Credit is strategically located at New Upper Changi Road in Bedok North Central, one of the most densely-populated regions in the country. While office space here is expensive, it allows UK Credit to serve a large portion of the population. Coupled with the ample transport and connectivity options, the company is able to provide its services to more people than many of its competitors.

Another advantage UK Credit offers is its dedicated fast cash loan option. This loan is popular with individuals who need cash but do not have the luxury of going through a prolonged application process.

Mon-Sat 11:30am – 7:30pm

Blk 302 Ubi Ave 1, #01-31 Singapore, 400302 (2 mins walk from Ubi MRT)

Phone: 6292 2629 (Look for Wayne)

cashloansingapore.com.sg

If consumer reviews are any gauge of a company’s worth, the 1,200+ 5-star reviews on Google for 96BM Credit easily put this legal moneylender in the Top 8. 

  • Personal Loan
  • Wedding Loan
  • Payday Loan
  • Renovation Loan
  • Business Loan
  • Medical Loan
  • Debt Consolidation Loan
  • Bridging Loan
  • Grab/Gojek Loan
  • Study Loan

96BM boasts some 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 money lender.

Mon-Sat 11:30am – 8:00pm, Sun 11:30am – 5:00pm

Blk 447 Clementi Avenue 3 (Clementi central) #01-201 5mins walk from Clementi MRT, Singapore 120447

Phone: 6250 0066

syncredit.com

Imitation is the best form of flattery and Synergy Credit has made such a name for itself that scammers frequently impersonate its staff to con people. The company itself maintains the highest standards of integrity and ethical lending in accordance with all applicable laws. They offer several specific loans:

  • Debt Consolidation Loan
  • Grab/Gojek Food Delivery Loan
  • Medical Loan
  • Renovation Loan
  • Study Loan
  • Wedding Loan
  • Business Loan

Mon-Sat 11:30am – 7:30pm

Vision Exchange, 2 Venture Drive #01-21 Jurong East Central, 5 mins walk from Jurong East MRT Station Exit B, Singapore 608526

Phone: 6493 0088

cashdirect.sg

Established in 2016, Cash Direct is one of the oldest licensed operations on our Top 8 list of money lenders. In this time, they have created several case-specific loans:

  • Foreigner Loan
  • Business Loan
  • Payday Loans
  • Debt Consolidation Loan
  • Grab/Gojek/Taxi loan
  • Wedding Loan
  • Renovation Loan
  • Medical Loan
  • Bridging Loan
  • Study Loan

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.

Mon-Sat 11:00am – 8:00pm Sun 10:00am – 6:00pm

1187 Upper Serangoon Road(Hougang Central) #01-21 The Midtown Singapore, 533971

(5 mins walk from Hougang Mrt Station)

Phone: 6384 0088

Mon-Sat 11:30am – 8:00pm Sun 10:00am – 5:00pm

1187 Upper Serangoon Road(Hougang Central) #01-21 The Midtown. Singapore, 533971

Phone: 6252 0088

goldstarcredit.co

Rounding off our list of money lenders in Singapore is Goldstar Credit, proof that last is definitely not least. 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 on Upper Serangoon Road in Hougang Central. Hougang is a mature estate and the town with the biggest population in the North East. The second is at Toa Payoh Central, a minute’s 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 discover for yourself why we topped the list. 

96BM Credit

Mon-Sat 11:30am – 7:30pm
Blk 302 Ubi Ave 1, #01-31 Singapore, 400302 (2 mins walk from Ubi MRT)
Phone: 6292 2629 (Look for Wayne)
cashloansingapore.com.sg

If consumer reviews are any gauge of a company’s worth, the 1,200+ 5-star reviews on Google for 96BM Credit easily put this legal moneylender in the Top 8.

  • Personal Loan
  • Wedding Loan
  • Payday Loan
  • Renovation Loan
  • Business Loan
  • Medical Loan
  • Debt Consolidation Loan
  • Bridging Loan
  • Grab/Gojek Loan
  • Study Loan
  •  
  • 96BM boasts some 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 money lender.