Moneylenders in Singapore: 16 moneylenders · interest typically 0–4% per month (max)

Updated October 2026How we rank

Licensed moneylenders in Singapore can charge at most 4% interest a month, a $60 monthly late fee and a 10% admin fee. Total charges cannot exceed the loan principal. They must meet you in person at their approved office and cannot advertise by SMS, WhatsApp, calls or social media. Check every lender against the Ministry of Law's official list.

12 of the best-documented moneylenders in Singapore

Businesses with the most complete public records first, photos, licence matches, hours and track record. Never ordered by payment.

Ordered by verifiable signals, licence matches, track record and completeness of public records. Featured placements are labelled and never change this order.

Show all 16

Longest-running moneylenders

By ACRA registration date. Track record is one of the few things you can verify before you hire.

How much do moneylenders charge in Singapore?

Legal caps on what a licensed moneylender may charge, in force since 1 October 2015. Caps do not apply to loans to businesses registered for at least two years.

Interest
0–4% per month (max)
On the reducing principal balance
Late interest
0–4% per month (max)
Only on the overdue amount
Late fee
S$0–S$60 $ per month (max)
Administrative fee
0–10% of principal (max)
Charged only when the loan is granted
Total charges cap
0–100% of principal (max)
Interest, late interest and all fees combined

Service	Typical price	What affects it
InterestOn the reducing principal balance	0–4% per month (max)	On the reducing principal balance
Late interestOnly on the overdue amount	0–4% per month (max)	Only on the overdue amount
Late fee	S$0–S$60 $ per month (max)
Administrative feeCharged only when the loan is granted	0–10% of principal (max)	Charged only when the loan is granted
Total charges capInterest, late interest and all fees combined	0–100% of principal (max)	Interest, late interest and all fees combined

Sources: Registry of Moneylenders – Guide to borrowing from licensed moneylenders; MinLaw – Controls on costs to offer borrowers more protection (2015). Prices in SGD, before GST unless stated.

What licence should a moneylender have?

Moneylender's licence
Registry of Moneylenders, Ministry of Law · Required by law
Only lenders on the Registry's list may lend money as a business, and only from their approved business address. Lenders not on the list are unlicensed (loan sharks).
Check the official register

How to choose a moneylender

Find the lender on the Registry of Moneylenders' list and check the address matches. Lenders may only operate from approved premises.
Know your borrowing cap: for unsecured loans across all moneylenders combined, Singapore citizens and PRs earning under $20,000 a year can borrow up to $3,000. Those earning $20,000 or more can borrow up to six times monthly income.
Read the Note of Contract, have it explained in a language you understand, and never sign a blank or incomplete one.
Make sure the admin fee deducted upfront is no more than 10% of the principal, and get a receipt for every repayment.
Compare with bank personal loans or credit-counselling options (Credit Counselling Singapore) before borrowing.

Red flags

Loan offers by SMS, WhatsApp, phone call or social media.
A 'GST fee' or 'processing fee' requested before the loan is disbursed. That is a scam.
Asking to keep your NRIC, passport, work pass, ATM card or SingPass details.
Approving a loan by phone or text without seeing you in person.
Interest quoted per week or a total cost above the principal.

Questions to ask before you book

Are you on the Registry of Moneylenders' list, and is this your approved address?
What is the monthly interest rate and total repayable?
How much is the admin fee, and is it deducted upfront?
Will you give me a copy of the Note of Contract and receipts?

Questions about moneylenders in Singapore

How do I know if a moneylender is licensed in Singapore?

Check the Ministry of Law Registry of Moneylenders' official list of licensed moneylenders and confirm the business address. Licensed lenders must verify your identity in person at their approved premises, and fully online loans are not allowed. They may advertise only in business directories, on their own website and at their premises, never by SMS or social media.

What is the maximum interest a licensed moneylender can charge?

The cap is 4% a month on the outstanding principal, regardless of your income or whether the loan is secured. Late interest is also capped at 4% a month on overdue amounts, late fees at $60 a month, and the admin fee at 10% of the principal. All charges combined cannot exceed the principal.

How much can I borrow from a licensed moneylender?

For unsecured loans from all moneylenders combined: Singapore citizens and PRs earning under $20,000 a year can borrow up to $3,000. Foreigners earning under $10,000 a year can borrow up to $500. Anyone earning $20,000 or more can borrow up to six times their monthly income. Secured loans are not capped.

How can I tell a loan shark from a licensed moneylender?

Warning signs include unsolicited SMS, WhatsApp or social media loan offers, upfront 'processing' or 'GST' fees before disbursement, requests for your SingPass or to keep your NRIC or ATM card, and loans approved without meeting you. Report suspected unlicensed lenders to the police, and breaches by licensed lenders to the Registry at 1800-2255-529.

How many moneylenders are there in Singapore?

Lookup lists 16 moneylenders in Singapore as of October 2026, with the largest concentration in Chinatown (4). Listings are compiled from government registers and open map data and refreshed regularly.