EZ Loan vs Cash Direct: What to Compare Before You Apply (2026)

_Updated 6 September 2026_

Quick answer

EZ Loan and Cash Direct present different practical starting points. EZ Loan lists two approved premises, at Marina Square and Beach Road, and describes an online start followed by in-person verification. Cash Direct presents a Singpass MyInfo start followed by office verification at 135 Jurong Gateway Road, J Connect, in Jurong East.[1][4][7][8]

If you value a choice of EZ Loan locations or want to ask about its advertised rate as low as 0.82% per month for eligible applicants, EZ Loan is worth including in the same written-offer comparison. Cash Direct displays a 2-4% monthly range with terms and conditions. Neither public figure is a matched personal offer.[4][7]

> Important: Rates, fees, approval and repayment terms depend on the lender's assessment and your final contract. Public lender statements are reference points, not personalised offers.

> Publisher disclosure: EZ Loan, one of the lenders discussed, publishes this comparison. It uses public information from the Ministry of Law, EZ Loan and Cash Direct. This article is general information, not a ranking or endorsement.

Why the EZ Loan and Cash Direct difference may matter

EZ Loan's current Registry record lists two approved premises, while Cash Direct's record lists one at Jurong Gateway Road. That may affect which office is practical for the required face-to-face step, but it does not determine price, approval or suitability.[1]

The starting routes also differ. EZ Loan describes an online enquiry followed by assessment, document checks and in-person identity verification. Cash Direct presents a Singpass MyInfo start and says applicants still need to visit its office for in-person verification.[4][7]

At-a-glance comparison

The table is a decision worksheet, not a winner ranking.

When EZ Loan may fit

EZ Loan may fit a borrower who wants a choice between two approved premises or prefers to start an enquiry online before attending the required in-person step. The current Registry record lists Marina Square and Beach Road, and EZ Loan's website describes the online-to-in-person route.[1][4]

Its website also displays an advertised rate as low as 0.82% per month for eligible applicants. Ask whether that statement applies to you and compare the interest, fees, instalments and total repayment in the written offer.[4]

When Cash Direct may fit

Cash Direct may fit a borrower for whom its Jurong East office is convenient or who prefers to begin with Singpass MyInfo. Its contact page lists 135 Jurong Gateway Road, #02-337B, J Connect, which matches the current Registry address.[1][7][8]

Its public site displays a 2-4% monthly rate range with terms and conditions. Ask which rate, fee treatment, repayment schedule and total amount payable would apply to your own written offer.[7]

Compare the same written offer

Ask both lenders for terms based on the same requested principal, repayment period, payment frequency and borrower information. Then place the written offers beside each other.

Check:

• the principal and net amount you will receive;

• the interest rate and how it is calculated;

• the administrative fee;

• each instalment and due date;

• late interest and late-fee terms; and

• the total amount payable if you follow the schedule.

The Ministry of Law advises borrowers to shop around, understand the repayment schedule, interest rate and fees, and receive a copy of the contract.[3]

For licensed moneylenders, the statutory maximum interest rate is 4% per month on the reducing balance. The permitted upfront administrative fee is no more than 10% of the principal, the late fee is no more than S$60 for each month of late repayment, and total charges cannot exceed an amount equivalent to the principal.[3]

These are legal ceilings, not standard quotations. The Cash Direct range and EZ Loan advertised starting rate are different types of public statements, not equivalent offers.[4][7]

Use EZ Loan's moneylender rates and fees guide to understand the main cost lines. The personal-loan calculator can help you test an amount, but the signed repayment schedule controls the actual obligation.

Confirm the practical details before signing

Open the latest Ministry of Law list and match each lender's legal business name, licence number, approved business address and registered website. The Registry also says licensed moneylenders must meet borrowers in person at an approved place of business before granting a loan.[1][2]

Do not share a Singpass password, sign a blank or incomplete contract or pay an upfront GST or processing fee before disbursement. Ask for the complete contract and repayment schedule in a language you understand.[2][3]

Questions to ask before signing

Ask either lender:

1. Which legal name and licence number will appear on my contract?

2. What principal is stated, and what net amount will I receive?

3. What interest rate applies, and how is it calculated?

4. What administrative fee will be charged?

5. What are every instalment amount and due date?

6. What is the total repayment if I pay on time?

7. What charges and late interest apply if I miss an instalment?

8. Can I read the complete contract and repayment schedule before committing?

Frequently Asked Questions

Is EZ Loan a better choice than Cash Direct?

There is no universal winner. EZ Loan may be more practical if its two approved premises or online starting route suit you. Cash Direct may be more practical if its Jurong East office or Singpass MyInfo start suits you. Compare equivalent written offers, including fees and total repayment, before deciding.[1][4][7]

Which lender has the lower rate?

The public figures are not equivalent personal offers. EZ Loan advertises a rate as low as 0.82% per month for eligible applicants, while Cash Direct displays a 2-4% monthly range with terms and conditions. Request written offers for the same amount and repayment period, then compare the fees, instalments and total repayment.[4][7]

Can I complete a Cash Direct or EZ Loan application fully online?

You may start online with either lender, but the public process descriptions include an in-person step. EZ Loan describes face-to-face identity verification at an approved premises. Cash Direct says online applicants still need to visit its office for in-person verification before a loan can be granted.[2][4][7]

Is Cash Direct listed in the Ministry of Law Registry?

Yes. The Registry list dated 1 September 2026 records CASH DIRECT PTE. LTD. under Licence 92/2026 at 135 Jurong Gateway Road, #02-337B, J Connect, Singapore 600135, with cashdirect.sg as its business URL. Check the latest list again before applying.[1]

What is the fairest way to choose between EZ Loan and Cash Direct?

Verify the current Registry details, request written offers using the same loan request, and compare the net amount received, interest calculation, fees, instalments and total repayment. Choose only if the repayment fits your budget, and do not sign until the contract is clear.[1][3]

A practical next step

Write down the amount you need and the maximum instalment you can manage after essential expenses and existing debt payments.

Then ask EZ Loan and Cash Direct for written terms using the same amount and repayment period. Compare the verified identity, net amount received, interest calculation, fees, instalments and total repayment.

Use EZ Loan's personal-loan calculator as a planning tool. Read the licensed moneylender guide for the application process and borrower protections, and check the current Beach Road branch information or Marina Square branch information if either location is relevant to you.

If EZ Loan's written offer fits your needs, use the official EZ Loan website and verify its details against the latest Registry first. This article does not replace the lender's written contract or independent financial advice.

Sources

1 MinLaw list of valid moneylenders as at 1 September 2026 2 MinLaw list of licensed moneylenders 3 MinLaw FAQs on borrowing from licensed moneylenders 4 EZ Loan official website 7 Cash Direct official website 8 Cash Direct contact page