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 & Investments

Address: Blk 709 Ang Mo Kio Ave 8 #01-2595, Singapore 560709 (Ang Mo Kio Central, 4 mins walk from Amk MRT)
Phone: 6250 8811
Website: galaxycredit.com.sg
Opening hours: Mon-Sat 11:00am – 8:00pm, Closed on Sundays & Public Holidays

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
  • 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.

R2D Credit

Address: 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)
Website: r2dcredit.com
Opening hours: Mon-Fri 11:30am – 7:30pm,  Sat 11:30am – 6:00pm, Closed on Sundays & Public Holidays

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.

Soon Seng Credit

Address: 1 Park Road, People’s Park Complex #01-21, Singapore 059108
(Chinatown, 5 mins walk from Chinatown MRT, Exit C)
Phone: 6226 8860
Website: soonsengml.com
Opening hours: Mon-Sat 11:00am – 8:00pm, Sun 10:30am – 5:00pm, Closed on Public Holidays

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.

UK Credit

Address: Blk 210 New Upper Changi Road #01-723, Singapore 460210
(Bedok Central, 3 mins walk from Bedok MRT Station)
Phone: 6448 7448
Website: ukcredit.sg
Opening hours: Mon-Sat 11:30am – 8:00pm, Sun 10:30am – 5:00pm, Closed on Public Holidays

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.

96BM Credit

Address: Blk 302 Ubi Ave 1 #01-31, Singapore 400302 (2 mins walk from Ubi MRT)
Phone: 6292 2629 (Look for Clara)
Website: cashloansingapore.com.sg
Opening hours: Mon-Sat 11:30am – 7:30pm, Closed on Sundays & Public Holidays

If consumer reviews are any gauge of a company’s worth, the 1,500+ 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.

Synergy Credit

Address: Blk 447 Clementi Avenue 3 #01-201, Singapore 120447 (Clementi Central, 5mins walk from Clementi MRT)
Phone: 6250 0066
Website: syncredit.com
Opening hours: Mon-Sat 11:30am – 8:00pm, Sun 11:30am – 5:00pm, Closed on Public Holidays

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

Cash Direct

Address: 2 Venture Drive, Vision Exchange #01-21, Singapore 608526 (Jurong East Central, 5 mins walk from Jurong East MRT Station Exit B)
Phone: 6493 0088
Website: cashdirect.sg
Opening hours: Mon-Sat 11:00am – 8:00pm, Sun 12:00pm – 5:00pm, Closed on Public Holidays

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:

  • Business Loan
  • Payday Loan
  • 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.

GoldStar Credit

Hougang Branch

Address: 1187 Upper Serangoon Road, The Midtown #01-21, Singapore 533971
(Hougang Central, 5 mins walk from Hougang Mrt Station)
Phone: 6384 0088
Website: goldstarcredit.co
Opening hours: Mon-Sat 11:30am – 8:00pm Sun 10:00am – 5:00pm, Closed on Public Holidays

Toa Payoh Branch

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 Guaradian)
Phone: 6384 0088
Website: goldstarcredit.co
Opening hours: Mon-Sat 11:00am – 7:45pm Sun 10:00am – 5:00pm, Closed on Public Holidays

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).

  • SME Working Capital Loan
  • Payday Loan
  • Debt Consolidation Loan
  • Grab/Gojek/Taxi Loan
  • Wedding Loan
  • Renovation Loan
  • Medical Loan
  • Freelancer Loan
  • Personal Loan

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.