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Licensed moneylender Singapore: how to borrow safely, what it costs and how to choose (2026)

Rates from 0.82% per month. Apply online with EZ Loan and you can receive cash in less than 10 minutes of arriving at our branch. A licensed moneylender in Singapore is a lending company that holds a licence from the Ministry of Law (MinLaw) under the Moneylenders Act. Unlike banks, licensed moneylenders can lend smaller amounts with faster approval and fewer requirements. Unlike unlicensed lenders (loan sharks), they operate within strict legal limits on interest rates, fees, and total charges. This guide covers how borrowing from a licensed moneylender works, what the law says about rates and limits, how to tell a legitimate lender from a predatory one, and what the process looks like from application to repayment. It's written for anyone in Singapore considering a moneylender loan for the first time, or comparing options before applying. Last updated: July 2026

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How much do you want to borrow?

$1,000

$1,000

$100,000

Term (months)

6 months

1 mths

36 mths

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by EZ Loan Pte Ltd

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Updated 18 October 2026

What Are Moneylender Loans?

A moneylender loan is an unsecured loan offered by licensed moneylenders in Singapore. It is designed to provide quick and flexible financial assistance. Unlike traditional loans from banks, moneylender loans are generally easier to obtain and have fewer eligibility requirements, making them accessible to a broader range of borrowers. This type of loan is often used to cover unexpected expenses, medical emergencies, or short-term cash needs. With structured repayment terms, moneylender loans allow borrowers to manage repayments over a set period, making budgeting straightforward and predictable.

Start Your Application
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Personal Loan Calculator

Find out how much your repayments and interest rate could be with our calculator.

How much do you want to borrow?

$1,000

$1,000

$100,000

Term (months)

6 months

1 mths

36 mths

Interest % (Monthly)

Total Payment

$1,071

Start Your Application

Monthly Installment

$179

Total Interest

$71

Track Today’s Application Submitted and Processing Time

LAST UPDATE

18 Oct 2026

Application Submitted
in last 30 days

5659

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Processing Time
average

12 minutes

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Why Take a Moneylender Loan With Us

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Flexible Loan Plans

As a licensed money lender under the Registry of Moneylenders, we comply fully with the Moneylenders Act. This means you can trust that your funds come from a secure and reputable source.

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Affordable and Transparent Repayments

Before offering a loan, we take the time to understand your unique financial situation. Our experienced team will clearly explain the terms and conditions of your loan, ensuring everything is straightforward. We're always here to answer any questions or concerns you may have.

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Quick Access to Funds

Our service goes beyond simply lending money. With personalised loan plans and fast approval, you can rely on us to provide financial support when needed. We prioritise clear communication to ensure peace of mind at every step.

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Transparent Terms and Responsible Service

Your privacy and security are our top priorities. Our team adheres to strict data protection protocols, keeping your personal information, loan details, and documents confidential. We are dedicated to delivering excellent customer service throughout your loan process.

Understanding Moneylender Loans

Fast and Secure Moneylender Loans in Singapore

In Singapore, licensed moneylenders provide a legal, accessible alternative to traditional bank loans. EZ Loan’s moneylender loans have a streamlined application process and deliver funds within minutes of approval to meet urgent needs. This quick turnaround is ideal for urgent financial needs, helping clients avoid the lengthy processing times often associated with traditional banks. EZ Loan’s moneylender loans support various financial needs, from emergencies to planned expenses. With options for bank transfers, PayNow, or cash payments, our repayment plans are designed for ease and flexibility, supported by a team dedicated to helping you achieve financial peace of mind.

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Easy Moneylender Loans
with EZ Loan

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Best moneylender loans
for quick and reliable cash solutions

EZLoan provides the best moneylender loans in Singapore—fast and effective cash solutions for any financial emergencies. With a commitment to transparency and efficiency, we ensure that your borrowing experience with us is hassle-free and smooth.

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How much can I borrow from moneylenders in Singapore?

The amount you can borrow from a licensed moneylender at EZLoan depends on your income and financial profile. For Singaporeans and permanent residents earning the basic annual income of at least $20,000, they may have the potential to borrow up to six times their monthly income.

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Singapore's fastest moneylender
for urgent financial needs

When time is of the essence, EZLoan is the fastest moneylender in Singapore for your urgent financial needs. We understand how imperative it is for one to have rapid access to funds, so our application procedure is designed to be quick and straightforward.

We’re Ready to Support Your
Financial Needs

Can be under 10 minutes

Application processing/completion

Face-to-face

Verification required

Some may be same-day

Decision or disbursement

Licensed

Ministry of Law · 19/2026

Application processing/completion can be under 10 minutes for eligible applications with complete documents. Some completed applications may receive a same-day lending decision, and some approved loans may be disbursed on the same day, subject to assessment, document verification, face-to-face identity verification and signing.

Eligibility Criteria

The minimum requirements for applying for a loan depend primarily on your citizenship, income level and age. We welcome Singaporeans/PRs and foreigners.

At least 21 years of age

With a minimum monthly salary of SGD 2,000

Besides banks, licensed money lenders are a great and legal alternative
to secure your loan in Singapore.

Documents
We’ll Need

Singaporeans/PR

Singaporeans or PRs need to present the following:

  • check-mark NRIC
  • check-mark SingPass
  • check-mark
    If renting, provide both:
    • Your tenancy agreement
    • Proof of address such as your phone bill or utility bill
  • check-mark Payslips for the last three months, if available

Foreigners

Foreigners need to present the following:

  • check-mark Employment Pass/ S Pass / Work Permit with a minimum 6-month validity
  • check-mark Passport
  • check-mark
    Residence information in the form of both:
    • Phone bill or utility bill
    • Tenancy agreement
  • check-mark Payslips for the last three months, if available
  • check-mark Employment Contract

3 Easy Steps -
Loan Application Process

Apply Anytime

You can start your application online, visit one of our offices, or connect with us via WhatsApp—whichever is most convenient for you.

Book a Consultation

Visit one of our branches for a free consultation, present the necessary documents, and finalise the loan agreement.

Collect Your Cash

Some approved loans may be disbursed on the same day. Timing depends on assessment, document verification and the required face-to-face identity verification.

Loans for All Circumstances

Browse different loan types to learn more

Why do Singaporeans choose us
as their go-to moneylender?

Read our reviews on Google or check recent ones below.

Google
StarStarStarStarStar

Jun 23, 2026

Great experience at EZ Loan Bank Branch. Erica was very helpful, professional, and efficient. She explained everything clearly and made the process smooth and hassle-free. Excellent customer service. Thank you, Erica!

Iffah Nadhirah
Google
StarStarStarStarStar

Aug 28, 2026

Joanna has helped me understand how the loan works as it was my first time asking for loan. Everything was easy and simple to understand. I appreciate her meticulous work and easy going personality

Nur Masyitah Abu hassan
Google
StarStarStarStarStar

Jul 08, 2026

Erica has consistently demonstrated excellent customer service skills and professionalism her service. She is courteous, patient, and attentive when assisting customers, ensuring that enquiries and concerns are handled promptly and effectively.

Anthony Tang
Google
StarStarStarStarStar

Jun 15, 2026

Friendly with big pressure. Expected it to be a tough nego but dickson made the procedure very smooth and explain very throughly in terms of how they can help. Can consider when needing a bridge

Cheng Shan An
Google
StarStarStarStarStar

Aug 07, 2026

The process was fast and hassle-free. They offer low interest rates, and the staff were friendly, responsive, and easy to communicate with. Overall, I had a great experience and would definitely recommend their service.

Marie Fe Taño

Customer reviews to help you compare EZ Loan

Some Trustpilot reviewers describe patient explanations of loan terms and clear communication at EZ Loan. If understanding the process matters to you, their accounts can help you decide what to ask before applying.[1][2][3]

Read recent reviews alongside your written offer. Check the fees, total repayment and payment dates, and ask about anything you do not understand. Individual reviews describe personal experiences; they do not guarantee your loan terms, approval or experience.

Read EZ Loan's customer reviews on Trustpilot.

Frequently Asked Questions

Licensed moneylenders use the Moneylender Credit Bureau (MLCB), separate from the CBS credit report used by banks. A poor bank credit score does not automatically disqualify you. Each lender assesses applications individually based on income, existing debts, and MLCB record. Approval is not automatic and each application is reviewed on its merits.