Borrowing from a licensed money lender in Jurong East? Compare the rate with EZ Loan first

Sources checked 13 November 2026

The Ministry of Law’s list dated 1 November 2026 shows seven licensed moneylenders with approved premises in Jurong East. Six are clustered in Blocks 131 to 135 on Jurong Gateway Road. The seventh, Quick Credit, is at Yuhua Place on Jurong East Street 31.[5]

Convenience is a fair reason to pick a lender, but the monthly rate and the fee decide what you pay. EZ Loan’s starting rate is 0.82% a month for eligible applicants.[1] If you qualify for that rate, a S$5,000 loan over 12 months would cost S$270.52 in total interest. At 2% a month the same loan would cost S$673.60, and at the 4% legal maximum, S$1,393.12.

This guide is written by EZ Loan. We don’t have a Jurong East branch: our two branches are at Beach Road and Marina Square.[3] Check any lender’s licence on the official list, and compare the terms you’re offered in writing.

Here is what each lender’s own website said when we checked on 13 November 2026. Calculator settings aren’t offers, so they aren’t shown as rates.

Full unit numbers and licence details are on the Ministry of Law list.[5] Each lender’s rate and fee wording is cited in the sections below.

A one- or two-point difference in the monthly rate sounds minor. Across 12 repayments it isn’t.

The example below changes only the rate. It assumes S$5,000 borrowed over 12 months, repaid in equal instalments at the end of each month, with no late payments and no fees added. Each instalment is principal × monthly rate ÷ [1 − (1 + monthly rate)^(−12)].

These figures show the effect of the rate alone. They aren’t quotes. Your actual rate depends on assessment, and an admin fee reduces the cash you receive. The Ministry of Law requires interest to be charged only on the principal still outstanding, but repayment schedules differ between lenders, so ask for yours on paper.[6]

Most Jurong East lenders don’t publish a rate, so the real gap depends on what each one offers you. When you have written offers, find the closest rate in this table to see the extra interest.

A starting rate below Jurong East’s only published range

EZ Loan’s starting rate is 0.82% a month for eligible applicants.[1] Cash Direct is the only Jurong East lender publishing a monthly range, and it starts at 2%.[7] If EZ offers you a rate near 0.82%, the table above shows roughly what that is worth. The final rate depends on approval and your borrower profile, so ask us what you qualify for.

Featured in SingSaver’s licensed-moneylender guide

SingSaver’s links to lenders are tracked, and its page doesn’t say whether SingSaver is paid by the lenders it features. Its licensed-moneylender guide, updated 21 October 2026, lists EZ Loan first. Its rate table shows EZ Loan at 9.88% p.a., Cash Direct at 10.00% p.a. and SGP Credit at 10.56% p.a.[4] Those are annual figures, and SingSaver’s comparison links use a S$1,000, 12-month example, so keep them separate from the monthly rates in this guide. Use the listing as background; your written EZ offer is what counts.

Start online, then one branch appointment

Your application starts online. You then come to Beach Road or Marina Square for an in-person identity check, which the law requires at the lender’s approved premises before any loan is granted.[1][15] For eligible applications with complete documents, processing can take under 10 minutes. Some approved loans are paid out the same day, subject to assessment, verification and signing.[2] Our documents checklist lists what to bring, which helps you avoid a second trip.

The trade-off: travel time and opening hours

EZ’s branches are open Monday to Saturday, 11am to 7pm.[3] You’ll need to travel from Jurong, and several Jurong East lenders stay open later or on Sundays. If you need money on a Sunday or can’t make the trip, a local lender may be the practical choice. Get its monthly rate in writing before you commit.

Block 135, Jurong Gateway Road (J Connect)

Cash Direct, at #02-337B, publishes more about price than any other Jurong East lender. Its website says interest generally ranges between 2% and 4% a month, and processing fees between 6% and 10% of the principal. It also opens on Sundays, 11am to 4:30pm.[7] If you qualified for EZ’s 0.82% starting rate, our S$5,000 example would cost S$403.08 less in interest than at Cash Direct’s lowest published rate. Fees matter too, because a fee taken at the start shrinks the cash you get. For more detail, see EZ Loan vs Cash Direct: what to compare.

Lending Bee, at #01-333 and #01-331, has the longest hours of the seven: weekdays 10am to 9pm, Saturdays 11am to 8pm and Sundays 10am to 6pm. The branch is one of four Lending Bee locations.[10] Its website gives the legal caps of 4% a month and a 10% admin fee instead of its own rate.[20] If evening or Sunday access is what you need, start here, and get the monthly rate on paper.

OT Credit, at #01-323, says interest depends on the loan type, the amount and your profile, and states “there are no upfront processing fees”.[11] Check whether any loan approval fee applies, and ask for the full repayment amount. It’s open Monday to Saturday, 11:30am to 7pm.[16]

Blocks 131 and 133, Jurong Gateway Road

BST Credit, at Block 131 #01-251, sets out the legal limits on its website, including a loan approval fee of up to 10% of principal, without giving its own rate.[8] Its homepage calculator lets you choose 1% to 4% a month and describes the results as estimates.[19] Opening hours are Monday to Saturday, 11am to 8pm.[14] Once BST gives you a rate, look it up in the table above.

JeffLee Credit, at Block 131 #01-261, describes the legal caps on its websites (interest of not more than 4% a month, admin fees of not more than 10% of principal) rather than its own figures.[9] It runs several websites that show different phone numbers and opening hours. Take the address and phone number from the Ministry of Law list, and call ahead to check the hours.[5]

SGP Credit, at Block 133 #01-295, says it offers “competitive rates” within the legal caps but gives no figure.[13] It’s open weekdays 11:30am to 7:30pm and Saturdays until 7pm.[18]

Yuhua Place, Jurong East Street 31

Quick Credit, at Block 353 #01-115, is the only one of the seven away from Jurong Gateway Road. Its personal-loan page title says loans “start with 1%*”, but the page doesn’t explain whether that’s monthly or yearly, or what the asterisk refers to.[12] Ask Quick Credit to confirm both before you compare. It opens daily: 10am to 8pm on weekdays and 10am to 5pm at weekends.[17]

• Get your monthly rate in writing. “Starts from”, a range or a calculator setting isn’t your rate.
• Ask what cash you’ll actually receive. The admin fee can be up to 10% of the principal, charged when the loan is granted, so check whether it comes out of the amount paid to you.[6]
• Look at the total repayment, not only the instalment. Stretching the tenure lowers each payment but can raise the overall cost.
• Know the legal limits. Interest and late interest are each capped at 4% a month, late fees at S$60 a month, and all charges together cannot exceed the amount you borrowed.[6]
• Remember the cooling-off period, covered in the FAQ below.

Which Jurong East moneylenders publish their interest rate?

Cash Direct is the only one that publishes a monthly range, 2% to 4% a month.[7] Quick Credit shows “starts with 1%*” without saying whether it’s monthly or yearly.[12] The other five don’t publish a rate, so ask each one for a written offer.

Is 4% a month the usual moneylender rate?

No. 4% a month is the most the law allows.[6] Rates below it are allowed, which is why EZ Loan can advertise a starting rate of 0.82% a month for eligible applicants. Your own rate is set after assessment and shown in your written offer.[1]

Can I cancel a moneylender loan after it’s paid out?

For unsecured personal loans paid out on or after 15 September 2026, yes. You can cancel at a reduced cost within three business days of disbursement, not counting the disbursement day, weekends or public holidays.[6]

Already holding an offer from a Jurong East lender? Compare its monthly rate with EZ Loan’s starting rate of 0.82% a month for eligible applicants, then ask EZ Loan what rate you qualify for. Weigh the cash you’ll receive and the total repayment before deciding where to borrow.

• 1. EZ Loan: Personal loans from 0.82% a month
• 2. EZ Loan: Licensed moneylender loans, processing and disbursement
• 3. EZ Loan: Branch addresses and hours
• 4. SingSaver: Best licensed moneylenders in Singapore 2026 (updated 21 October 2026)
• 5. Ministry of Law: List of valid moneylenders as at 1 November 2026 (PDF)
• 6. Ministry of Law: Guide to borrowing from licensed moneylenders
• 7. Cash Direct: Interest rates, processing fees and hours
• 8. BST Credit: Personal loan
• 9. JeffLee Credit
• 10. Lending Bee: Jurong East branch
• 11. OT Credit: Personal loan
• 12. Quick Credit: Personal loan
• 13. SGP Credit: Personal loan
• 14. BST Credit: Contact and opening hours
• 15. Ministry of Law: List of licensed moneylenders in Singapore
• 16. OT Credit: Address and opening hours
• 17. Quick Credit: Opening hours
• 18. SGP Credit: Opening hours
• 19. BST Credit: Homepage repayment calculator
• 20. Lending Bee: Personal loan