Guides & resources
Clear, factual explainers on borrowing responsibly from a licensed moneylender in Singapore.
Your rights as a borrower from a licensed moneylender
A clear contract, receipts and statements, charges capped by law, your documents returned, and a firm ban on harassment — your protections in plain English.
Can a licensed moneylender keep your NRIC, ATM card or Singpass?
The short answer is no. What a licensed lender may and may not do with your documents and passwords — and the red flags of a loan shark.
What happens if you can’t repay a licensed moneylender loan?
The legal late fees, what a lender can and cannot do to recover a debt, and the practical steps — and free help — that get you back on track.
How long does it take to get a loan from a licensed moneylender?
The realistic step-by-step timeline — often same working day — and why the in-person signing that protects you can’t be skipped.
Licensed moneylender in Orchard (Lucky Plaza), Singapore
Where to find us near Orchard MRT, why a licensed loan must be completed in person, what to bring, and how to apply before you visit.
How much can you borrow from a licensed moneylender in Singapore?
The maximum is set by law, not by the moneylender, and depends on your income and residency — with the official MinLaw figures.
Licensed moneylender interest rates and fees, explained
The 4% monthly interest cap, the 10% approval fee, the $60 late fee — and the rule that total charges can never exceed the loan.
Licensed moneylender vs bank loan vs loan shark
How the three differ, the legal caps that protect you, and the warning signs of an illegal loan shark (Ah Long).
How to check if a moneylender is licensed in Singapore
A step-by-step way to confirm a licence on the official Ministry of Law list, plus red flags that signal a scam.
Foreigner loans in Singapore: eligibility and limits
Who can borrow on a Work Permit, S Pass, EP or LTVP, the income-based limits, and what documents help.
What documents do you need for a licensed moneylender loan?
The identity, income and address documents that speed things up — and how to download them safely with Singpass.
More guides coming soon. Have a question in the meantime? Contact us or call 6737 5737.