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Small Cash LoansLicensed moneylenders in Singapore are regulated by the Ministry of Law under the Moneylenders Act. Under this framework, interest rates are capped at 4% per month — one of the strictest consumer lending regulations in the region. Fees are also capped: admin fees at 10% of the principal, late fees at $60 per month, and total charges at 100% of the original loan amount. This guide explains how the Singapore statutory framework protects borrowers, what you can realistically expect to pay when borrowing from a licensed moneylender, and how to compare your options before you apply. Last updated: July 2026
How much do you want to borrow?
$1,000
$1,000
$100,000
Term (months)
6 months
1 mths
36 mths
Updated 18 July 2026
When you borrow from a licensed moneylender in Singapore, your costs are governed by the Moneylenders Act and the Moneylenders Rules. Interest is capped at 4% per month on the outstanding loan amount. Admin fees are capped at 10% of the original principal. Late fees are capped at $60 per month. And total charges — interest, fees, and everything else combined — can never exceed 100% of the original loan amount. This statutory framework is how Singapore protects borrowers from predatory lending. Understanding these limits helps you assess whether a loan is being offered at legal rates, and what your maximum exposure is before you borrow.
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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
Monthly Installment
Total Interest
LAST UPDATE
18 Jul 2026
Application Submitted in last 30 days
5249
Processing Time average
11 minutes
Many people searching for the most affordable borrowing option want to know exactly what a loan will cost them. Under Singapore law, licensed moneylenders must operate within the statutory caps set by the Ministry of Law. These caps are designed to ensure transparent, predictable costs for borrowers. If you're comparing loan costs, the right approach is to request the specific interest rate, admin fee, and repayment schedule in writing from each lender before signing. Licensed moneylenders are legally required to provide this information upfront. EZ Loan holds Licence No. 19/2026 from the Ministry of Law and is listed on the MinLaw registry at rom.mlaw.gov.sg.
Licensed moneylenders in Singapore are capped at 4% interest per month by law. Total charges (interest plus all fees) can never exceed 100% of the original loan principal.
This statutory framework under the Moneylenders Act applies to all licensed moneylenders equally. EZ Loan (Licence 19/2026) operates within these caps. For a cost breakdown and worked examples, see the FAQ section below.
Loan Approval
Required
Disbursed on the spot
by Registry of Moneylender
You can start your application online, visit one of our offices, or connect with us via WhatsApp—whichever is most convenient for you.
Visit one of our branches for a free consultation, present the necessary documents, and finalise the loan agreement.
Once your loan is approved, you can receive your cash in 30 minutes
The minimum requirements for applying for a loan depend primarily on your citizenship, income level and age. We welcome Singaporeans/PRs and foreigners.
Besides banks, licensed money lenders are a great and legal alternative
to secure your loan in Singapore.
Singaporeans or PRs need to present the following:
NRIC SingPass Payslips for the last three months, if availableForeigners need to present the following:
Employment Pass/ S Pass / Work Permit with a minimum 6-month validity Passport Payslips for the last three months, if available Employment Contract
Mar 17, 2026
Apr 13, 2026
May 15, 2026
Jun 15, 2026
May 14, 2026
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.
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.
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.
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.
Financial emergencies don't wait for business hours. Learn how 24-hour money lending actually works in Singapore, what to prepare, and how to apply online anytime with EZ Loan.
Your complete guide to licensed moneylenders in Singapore — how to verify a licence, what they can legally charge, borrowing limits by income, and what to look for before you borrow. By EZ Loan, licensed since 2009.
Your complete guide to licensed moneylenders in Singapore — how to verify a licence, what they can legally charge, borrowing limits by income, and what to look for before you borrow. By EZ Loan, licensed since 2009.
In today’s fast-paced world, managing finances can sometimes feel like navigating through a dense fog. Whether it’s an unexpected medical bill, a sudden need for car repairs, or the desire to consolidate high-interest debt, personal loans can serve as a beacon of hope. However, the decision to take out a personal loan shouldn’t be made lightly. Here’s a comprehensive guide to help you understand when it might be beneficial to consider a personal loan.
Sudden and unforeseeable situations can arise without warning, possibly out of our control too. Such situations can sometimes impair our ability to make sound judgment and decisions calmly and logically. Taking up a loan may be mandatory but because we are sometimes overtaken by our emotions, we may end up borrowing from an unlicensed moneylender. Hence, EZ Loan Pte Ltd is here to provide help and assistance for your needs. As such, EZ Loan Pte Ltd has come up with a guide that will help you in your judgment in determining whether the moneylender you are keen in, is a licensed or unlicensed moneylender, so that you can borrow legally and worry free with us.
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