EZ Loan vs 12 Lend: how should you compare monthly instalments and total repayment?

EZ Loan publishes this comparison and is one of the lenders discussed. This is general information, not a personalised offer. Website details were checked on 21 October 2026. The Registry record used here is dated 1 October 2026.[7]

Look at both the monthly instalment and the full amount payable. An instalment tells you what is due at a point in the schedule; it does not, on its own, show the cost across the whole loan. Ask EZ Loan and 12 Lend for written offers using the same requested amount and repayment period. Compare net cash received, fees, every instalment and due date, the final payment and total repayment.[1][6][8]

EZ Loan may be worth considering if you want a repayment estimate before a conversation and an in-person explanation of the actual terms. EZ publishes a repayment calculator and describes an assessment at an approved branch where a loan officer explains the terms. Its advertised starting rate is 0.82% per month for eligible applicants, subject to approval and borrower profile.[1]

12 Lend publishes a calculator that displays a monthly repayment amount and total repayment amount, alongside its payment schedule. Its headline rate of 2.38% does not clearly state a rate period alongside the headline. Do not label it monthly or compare it directly with EZ Loan’s monthly starting rate without asking 12 Lend to clarify the basis in writing.[1][6]

The monthly instalment helps you assess whether a scheduled payment fits your budget. Total repayment helps you see the commitment across the whole term. You need both. If two offers have different repayment periods, a lower monthly amount may simply reflect payments spread over more months. It does not prove the total amount due is lower.

The two figures also need context. Ask what principal is stated in the contract, how much will reach you after any upfront fee, how interest is calculated, and whether the displayed total includes all fees that apply to your offer. The Ministry of Law advises borrowers to understand the repayment schedule, interest rate and fees before signing.[8]

12 Lend’s website has fields for citizenship, annual income, loan amount and repayment period. It displays an administration fee, receiving amount, total repayment amount, monthly repayment amount and a payment schedule with principal payment, interest payment and principal remaining. Its page says the final amount is subject to final review and approval.[6]

That makes the calculator useful for seeing which pieces of information to ask about. But an online result is not a final offer. Check that the amount, period, fee and repayment figures in the written agreement match the terms approved for you. Ask whether the monthly amount is the same throughout the schedule and confirm the final payment date. There is also a difference to clarify: the headline advertises 2.38% and repayment up to 24 months, while the FAQ shows 4.0% for a loan period of 1 to 12 months. Neither rate label clearly states its charging period. Ask which rate, fee and term apply to your offer rather than choosing one website figure yourself.[6]

EZ Loan’s public site provides a calculator to estimate monthly repayments. It can help you prepare questions, but it does not replace an approved quotation or contract. Compare its estimate with the actual offer you receive, including the net amount paid to you and any fees.[1]

EZ describes a process that begins online, by WhatsApp or at a branch, followed by an in-person assessment and identity verification at an approved premises before a loan is granted. Its website says an officer will explain the terms and answer questions during the visit. You can ask the officer to go through the instalments one by one and confirm the total amount payable in your offer.[1]

The published starting rate from 0.82% per month is conditional. EZ says the rate, fees and repayment terms depend on approval and borrower profile. Use the figure as a question to ask, not as the number you assume will appear on your contract.[1]

These published details show what to clarify. Do not compare one lender’s calculator example with another lender’s approved schedule as if they were equivalent.

If 12 Lend’s headline or calculator does not clearly identify the rate basis for your case, request a written explanation. If EZ Loan’s calculator differs from the written quotation, ask EZ to explain the inputs and fees that account for the difference. Use the final contract and repayment schedule as your reference.[1][6][8]

12 Lend may suit someone who wants to inspect a calculator that presents both monthly repayment and total repayment, or who wants to ask about its stated repayment period options. The website lists a repayment period selector and a schedule breakdown, while noting that the final amount depends on review and approval. Confirm the available period and approved terms for your own application.[6]

The Registry list dated 1 October 2026 records 1 2 LEND PTE. LTD., licence 70/2026, at People’s Park Complex. It records EZ LOAN PTE. LTD., licence 19/2026, at Marina Square and Beach Road. This list is dated; it does not confirm any later changes. Check the latest Registry list and match the business name, address and registered website before sharing personal details.[7]

Take the time to read the repayment schedule from start to finish. Confirm that you understand the instalment dates, amounts and total payable. Ask for a copy of the contract and keep receipts and statements. Ministry of Law guidance says borrowers should not rush into a commitment until satisfied with the terms, and should borrow only what they need and can repay.[8]

If you expect your income or expenses to vary, consider whether you can still meet every scheduled payment. Do not base that decision only on the first instalment or a calculator estimate. If you cannot explain how the amount due is built up, ask the lender to go through it before signing.

Is 12 Lend’s 2.38% rate monthly?

The homepage headline states 2.38% but does not clearly specify the period there. Ask 12 Lend to confirm the rate basis and calculation method for your offer in writing. Do not assume it is monthly.[6]

Does 12 Lend show total repayment as well as a monthly amount?

Yes. Its website calculator identifies a total repayment amount and a monthly repayment amount, and includes a payment schedule. Its page says the final amount is subject to final review and approval, so check the approved written offer.[6]

Does EZ Loan’s starting rate prove it will cost less?

No. EZ Loan’s published starting rate is conditional, and it does not establish your actual fees, instalments or total repayment. Compare written offers on the same request and period.[1][8]

Where can I estimate an EZ Loan repayment?

EZ publishes a personal-loan calculator. Treat the result as an estimate for preparation, then confirm all figures in the written offer.[1]

Use EZ Loan’s calculator to prepare a budget and questions, then request its written schedule. Ask 12 Lend for a written offer using the same amount and period, with its rate period and fee treatment stated clearly. If an in-person explanation would help, check EZ Loan’s Beach Road or Marina Square details. Decide only when both the monthly instalment and total repayment are clear and manageable.

This article is general information and does not replace the lender’s written contract.

• 1. EZ Loan homepage
• 6. 12 Lend homepage
• 7. Registry list dated 1 October 2026; accessed 21 October 2026
• 8. MinLaw guide to borrowing from licensed moneylenders