EZ Loan vs Raffles Credit: What to Compare (2026)

Comparing EZ Loan and Raffles Credit? The useful comparison is not simply which lender's public claim sounds more attractive. EZ Loan's homepage also displays a dated average processing-time statistic, which should be read as an average rather than a promise for every borrower. Check the current licence, reconcile each lender's public information, request written terms for the same loan amount and repayment period, and review the total amount payable before signing.[1][3]

Important: Rates, fees, approval and repayment terms depend on the lender's assessment and your final contract. Public lender claims and reviews are snapshots for comparison only. They are not personalised offers.[2]

Publisher disclosure: EZ Loan, one of the lenders discussed, publishes this comparison. The information comes from the Ministry of Law, lender websites and public review pages. This article is general information, not a ranking or endorsement.[1][3]

Source and date note: This comparison was refreshed on 13 September 2026. The Registry reference is the list dated 1 September 2026; lender, marketplace and review information is a public snapshot checked on 12 September 2026 unless a section gives another date. Pages, offers and reviews can change, so verify current details before applying.

EZ Loan and Raffles Credit are separate licensed moneylending businesses. The Ministry of Law list dated 1 September 2026 records EZ LOAN PTE. LTD. under licence 19/2026 and RAFFLES CREDIT PTE LTD under licence 60/2026.[1]

EZ Loan's public website describes an online starting point followed by in-person identity verification at an approved EZ Loan premises before a loan is granted. On 28 August 2026, its homepage showed a self-reported average processing time of 11 minutes, based on 5,302 applications submitted in the last 30 days. That is an average site statistic, not a promise that every application takes less than 10 minutes or that funds will be disbursed within that time.[3]

EZ Loan's website also says eligible applicants may qualify for an advertised rate as low as 0.82% per month. The rate, fees and repayment terms offered depend on approval and the borrower's profile, so this is not a personal quotation.[3][2]

A fair personal comparison should use the same requested principal, repayment period and borrower information. Then compare each written offer's repayment dates, interest calculation, permitted fees, late-payment terms and total amount payable.[2]

Raffles Credit's public pages describe the licence, advertised rate band, repayment design, eligibility thresholds, application route and review presentation. Use them as a starting point, then verify the current Registry record and the written contract.[4][6][7][1]

Its homepage publishes the 1–4% band and explains that interest can only be charged on the principal remaining after the original payments made — the same reducing-principal basis the Ministry of Law requires. It also says that if your annual income exceeds $20,000 you may borrow up to six times your monthly income, which matches the regulator's own limit.[4][2]

The monthly-loan page describes a fixed repayment: "the sum stays the same from your first payment until the final payment, without changing," with the schedule and tenure tailored to your ability to repay. It sets eligibility at 21 or older, with regular income above $2,000 a month for Singapore citizens and PRs and above $3,000 a month for foreigners and expats.[6] Note the wording is "above", not "at least".

There is no single published maximum tenure: flexible terms on the monthly-loan page, a calculator interface labelled 1 to 12 months on the instant-loan page, and a 12-month, 4% example in an article dated 16 December 2024 that should not be read as the current product.[6][7][10] Ask for the tenure on your own offer.

The application route is an online or phone start: "Call or Apply Online", then "upon confirmation, you will be asked to come to our office to customize your loan contract", then "get your cash as soon as the loan agreement has been signed."[4][7] The contact page places the office at 17A Circular Road, Level 2, open Monday to Friday 10.30am to 8pm and Saturday and Sunday 10.30am to 4.30pm.[8] Its terms-and-conditions page adds that it does not ensure the information on its website is correct.[11] That is ordinary boilerplate, and also a reason to treat every published figure as a starting point for a written question.

EZ Loan's public website describes an online starting point followed by in-person identity verification at an approved EZ Loan premises before a loan is granted. On 28 August 2026, its homepage showed a self-reported average processing time of 11 minutes, based on 5,302 applications submitted in the last 30 days. That is an average site statistic, not a promise that every application takes less than 10 minutes or that funds will be disbursed within that time.[3]

EZ Loan's website also says eligible applicants may qualify for an advertised rate as low as 0.82% per month. The rate, fees and repayment terms offered depend on approval and the borrower's profile, so this is not a personal quotation.[3][2]

The Ministry of Law advises borrowers to check the licensed-moneylender list, clarify the contract before signing and not rely solely on advertising. That makes the written offer more useful than a comparison based only on a website headline.[2]

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

If you are searching for EZ Loan reviews or Raffles Credit reviews, look beyond the headline star rating. Reviews can help you understand how borrowers describe communication and service, but they cannot establish whether a loan is affordable, whether you will be approved, or whether one lender's final rate will be lower for you.[2]

What Raffles Credit's review pages show

The page is explicit about what it is: "below are a selection of reviews we've gathered from Google reviews and other loan comparison sites like Loan Advisor."[9] That is a curated presentation chosen by the lender — normal to publish, and a poor basis for a comparison. Its 2026 excerpts, dated between January and August, repeatedly mention friendly and professional staff, clear explanations of the process and repayment plan, and a process reviewers described as smooth and fast.[9]

The counters are worth noting before you rely on them. On 12 September 2026, the review page displayed a counter of 784 Google reviews while the contact page displayed an older counter of 504.[9][8] Because the two disagree and neither can be checked against the platform from those pages, this article does not present either as a review total.

What EZ Loan's Trustpilot profile shows

EZ Loan's Trustpilot profile includes reviews dated 24–26 August 2026 discussing professionalism, easy-to-understand terms and process. Trustpilot also displayed its own warning that reviews may not be representative.[5]

The available review trails use different platforms, dates and samples. That makes a simple review winner unreliable. When reading either profile, look for repeated detail about explanations, document handling, repayment communication and complaint resolution rather than relying on the star average alone.[2]

For the same evidence-first approach applied to another lender, see EZ Loan comparisons.

EZ Loan is not automatically better for every borrower. It may be the better fit for someone who values the following combination:[3]

1. A central branch choice

EZ Loan's Registry record lists Marina Square and Beach Road, while Raffles Credit's record lists 17A Circular Road, Singapore 049373. If you need to attend in person and central Singapore is more convenient, EZ Loan may be easier for you to reach.[1]

1. An online starting point and a dated processing average

EZ Loan's public material describes an online start followed by in-person identity verification. On 28 August 2026, its homepage showed an average processing time of 11 minutes based on 5,302 applications submitted in the last 30 days. The statistic may help you understand the advertised process, but it is not a promise for every borrower and does not mean the full process happens online.[3]

1. An advertised rate to ask about

EZ Loan says eligible applicants may qualify for an advertised rate as low as 0.82% per month. Ask whether your offer qualifies and request the fees, instalments and total repayment in writing. The advertised figure does not replace the contract.[3][2]

1. A separate review trail

EZ Loan has current Trustpilot examples available for inspection. That gives you another source to read alongside the lender's own information, but it does not establish a lower rate or better outcome.[5][3]

1. A process where explanations matter

EZ Loan's Trustpilot reviews include comments about professional staff, clear explanations and a straightforward process. Those comments may help you form questions for an appointment, but they do not guarantee how your appointment will go.[5][3][2]

Ask questions, request clarification and leave if the terms are unclear.

Raffles Credit may suit some borrowers better when its location, hours or repayment design fit their needs.[4]

The office at 17A Circular Road is in the Boat Quay area, near Raffles Place and Clarke Quay, and it opens Saturdays and Sundays from 10.30am to 4.30pm as well as weekday evenings until 8pm.[8] If you cannot take time off during the week, weekend opening is a genuine practical advantage over EZ Loan's Monday-to-Saturday hours.[3]

Its monthly-loan page describes a repayment amount that does not change: "the sum stays the same from your first payment until the final payment, without changing."[6] If budgeting to a single fixed number each month is what you need, that is a reasonable reason to ask for its terms. It also publishes a clear document list for foreign applicants, which saves a second trip.[13]

Two things to resolve before you apply. Its pages give different annual-income figures for the six-times-monthly-income statement, with the homepage using above $20,000 and its Bugis page using above SGD 30,000.[4][14] And its published maximum tenure is not consistent across pages.[6][7][10] Ask the office for the current written position rather than relying on one page.

Open the current Ministry of Law list directly. The 1 September 2026 record lists EZ LOAN PTE. LTD. under licence 19/2026 and RAFFLES CREDIT PTE LTD under licence 60/2026.[1]

Match the:

• business name;

• current licence number; [1]

• approved business address; and [1]

• registered website.

The Ministry of Law also warns borrowers not to provide Singpass passwords, sign blank contracts or accept a loan granted without proper due diligence and contract explanation.[2]

A fair personal comparison should use the same requested principal, repayment period and borrower information. Then compare each written offer's repayment dates, interest calculation, permitted fees, late-payment terms and total amount payable.[2]

Then compare each written offer's:

• principal and net amount received;

• interest rate and calculation method; [2]

• administrative fee;

• every instalment amount and due date;

• late interest and late-fee terms; and

• total repayment if every instalment is paid on time. [2]

Those are the terms to compare, not a public rate range or timing statement.

Raffles Credit describes cash being available as soon as the loan agreement has been signed after the office visit, rather than publishing a complete application duration. That wording is a public statement from the lender, not a promise about an individual application.[4]

EZ Loan's public website describes an online starting point followed by in-person identity verification at an approved EZ Loan premises before a loan is granted. On 28 August 2026, its homepage showed a self-reported average processing time of 11 minutes, based on 5,302 applications submitted in the last 30 days. That is an average site statistic, not a promise that every application takes less than 10 minutes or that funds will be disbursed within that time.[3] Ask what timing applies to your circumstances rather than treating a general website statistic as a promise.[3]

The Registry snapshot lists EZ Loan's Beach Road and Marina Square places of business and Raffles Credit's address or locations.[1]

If you need to attend in person, location can affect the time and cost of travelling. That is a practical consideration, not a quality ranking. Confirm the office, opening hours and documents directly before travelling.

Ask both lenders:

1. Which current licence number and registered entity will appear on my contract? [1]

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

3. What interest rate applies to my offer and how is it calculated? [2]

4. What is the upfront fee?

5. What are every instalment amount and due date?

6. What is the total repayment if I pay on time? [2]

7. What charges apply if one instalment is late?

8. Can I review the full unsigned contract and repayment schedule before committing? [2]

Is Raffles Credit licensed in Singapore?

The Ministry of Law list dated 1 September 2026 records RAFFLES CREDIT PTE LTD under licence 60/2026. Check the latest list again before applying.[1]

Is EZ Loan cheaper than Raffles Credit?

Public rate wording is not enough to answer that for your circumstances. EZ Loan advertises a rate as low as 0.82% per month for eligible applicants, while Raffles Credit publishes its own public rate wording. Request written offers for the same amount, tenure and borrower information, then compare cash received, fees, instalments and total repayment.[3][2]

Can I complete a licensed-moneylender loan entirely online?

Both lenders allow an online start, but their public information includes an in-person step. EZ Loan requires identity verification in person; Raffles Credit says applicants can call or apply online, then attend its Circular Road office to customise and sign the loan agreement.[3][4]

How should I compare Raffles Credit and EZ Loan review information?

Raffles Credit's review page is a curated selection gathered from Google and comparison sites, and its counters differed on 12 September 2026. Treat those displays as service context rather than a verified review total or evidence of better service, cost or approval. Neither establishes better service, cost or approval. Read the details and compare the contract.[9][2]

What should I verify before sharing personal information?

Match the legal name, current licence, address and domain against the latest Ministry of Law list. Do not provide a Singpass password or accept an unsolicited loan offer through prohibited channels.[1][2]

Write down the amount you need and the maximum instalment you can manage after rent, food, transport, utilities and existing debt payments.

Request written terms from any lender you are considering. Do not decide from a review count, a headline rate or a processing-time statement. Decide from the verified legal identity and the complete repayment obligation. [2]

If EZ Loan's written offer fits your needs, use only the official EZ Loan website and verify its details against the current Registry first. [1][3]

_This article is general information and does not replace the lender's written contract or independent financial advice._[2]

• [1] MinLaw Registry — list dated 1 September 2026

• [2] MinLaw borrower guidance

• [3] EZ Loan official website

• [4] Raffles Credit official website

• [5] EZ Loan Trustpilot profile

• [6] Raffles Credit monthly-loan page

• [7] Raffles Credit instant-loan page

• [8] Raffles Credit contact page

• [9] Raffles Credit reviews page

• [10] Public source — https://www.rafflescredit.com.sg/best-personal-loan-interest-rates/

• [11] Public source — https://www.rafflescredit.com.sg/terms-and-conditions/

• [12] Public source — https://rom.mlaw.gov.sg/information-for-borrowers/list-of-licensed-moneylenders-in-singapore

• [13] Public source — https://www.rafflescredit.com.sg/foreigner-loan/

• [14] Public source — https://www.rafflescredit.com.sg/money-lender-near-me/bugis/

• [15] Public source — https://moneylenderreview.com/moneylender-list/raffles-credit/