COMPARE SINGAPORE MONEYLENDERS ONLINE

  • Apply online to get offers from multiple moneylenders
  • Select the best personalised offer
  • Receive your money at the best possible terms
  • 4.9/5 ⭐️ rating on Google Reviews

START HERE...

Loan Amount
$
-
+
$1,000
$200,000

Tenure
-
+
3
72

Your monthly payment

$505

SELECTED PARTNERS
HSBC
SCB
UOB
Citibank
SingPass
Singapore Fintech Association
Carousell

20,000 loan applications yearly!

Find out what our great customers have to say about Lendela

Max Yuan
Max Yuan
2 months ago
Good follow up by them even took the extra mile to assist us even we feel there is not much hope thanks!
Witawat Choo
Witawat Choo
2 months ago
Had made two loans through Lendela. Website is easy to use and straightforward. After accepting loan offer, the...
fiewan ejal
fiewan ejal
2 months ago
Fadilah was very remindful and has help me in choosing which loan offer to choose from. Kudos to her and lendela....
Jeffrey Yeo
Jeffrey Yeo
2 months ago
Good and friendly response. ❤️
Jas Nora
Jas Nora
3 months ago
Such a hospitably and a family friendly staff.. Psst.. can i join you guys..☝️👍
Adam Mikhael
Adam Mikhael
3 months ago
I had a great experiences while looking for financial assistant and was helped by your staff, Fadilah. She helped...
alicia jo
alicia jo
3 months ago
Loan was efficient and convenient
Khairul Ismail
Khairul Ismail
4 months ago
Awesome platform. Thank you
Artalex . Me
Artalex . Me
4 months ago
It's very convenient to use. It searches possible loan offers as much as it can for you (within a few hours). Then ...
Farid Zin
Farid Zin
5 months ago
Fast and efficient. Pleasant transaction.
Muhammad Amiruddin Said
Muhammad Amiruddin Said
5 months ago
Was kinda skeptical abt it but it was a smooth journey from the start till the end; from me asking them questions...
Ganesh Parveenth
Ganesh Parveenth
5 months ago
Very satisfied with their service. Very Friendly and understanding. Definitely recommended 👌🏾
Jaja S
Jaja S
5 months ago
from the time u submit your application, you will receive at least 3 offers within the next few hrs and the offers ...
Zel Zel UWU
Zel Zel UWU
5 months ago
they were really fast and efficient to provide the necessary help that i was seeking for :)! excellent
Amin 1908
Amin 1908
5 months ago
Best assistance ever.....
abdul aziz mohd
abdul aziz mohd
5 months ago
Staff is very friendly and very helpful too. Explain eveything in detail about the loan to borrower. Two thumbs...
Hidayah Idros
Hidayah Idros
5 months ago
Efficient and helpful staff, Wani. Never fail to update and assist on my enquiries. Trusted and reliable broker....
Gabriel Goh
Gabriel Goh
5 months ago
Lauren was super helpful and quick, helping me to find a lender in less than 30 mins. The lender she found was...
Diyana Mohamed
Diyana Mohamed
5 months ago
Very prompt service from Vienoth who was friendly and answered all my queries. Quick process and excellent...
Mohamed Ramadhan
Mohamed Ramadhan
5 months ago
Great service rendered and their choices of recommended company is very good.
Zhi Xiang Low
Zhi Xiang Low
5 months ago
Extremely helpful and great patience by Wani, as it was my first time getting a loan, she guided me throughout the ...
KVR DRAGONFISH
KVR DRAGONFISH
6 months ago
The agent was able to offer me a loan real fast and I got thr loan as well. Great service!/
Jay Ho
Jay Ho
6 months ago
Great service from start till end. I had a short time frame to source for a loan. Rather than pushing to close the ...
Jason Thng
Jason Thng
6 months ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Julie
Julie
6 months ago
Fadilah, Thank you so much for your hospitality in keep following up for me and immediate replies keep up your...
nabilul fikri
nabilul fikri
6 months ago
D and help me out to The Times I need the money and try to solve from the point when the new I can help me I...
Haizel Nur
Haizel Nur
6 months ago
Their service was super solid and their staff go out of their way to help. I love you wani!! 😆😆😆
zul Ahmad
zul Ahmad
6 months ago
Very friendly staff help to sources around for the best finance company..Good job n well done
Yvette Yin
Yvette Yin
6 months ago
Very friendly staff. Excellent customer service. Was able to find me a loan. Just need to attach all the required...
Joybo Banana
Joybo Banana
6 months ago
At first ,it might look like a scam website. So I gave my shot to try out and realized it's actually not.For those ...
Chng Kee Chin
Chng Kee Chin
6 months ago
Quick and fast response. Efficient in expediting the approval of the loan :)
Jade Yati
Jade Yati
6 months ago
Lauren has assisted me on my loan, He is so helpful. I eventually gotten a loan with Lendela Help. Thank alot...
Amirul hakim Mohammad
Amirul hakim Mohammad
7 months ago
Everything went smoothly
Zainul Chia
Zainul Chia
7 months ago
Absolutely amazing, help in alot of ways. Very recommended
Junwen Ong
Junwen Ong
7 months ago
A place for you to find the right loan that you need.
Sharen Raj
Sharen Raj
7 months ago
It was a great experience for me..the service Fadilah served was really impressive!! Good deal and perfect for...
papa yoss
papa yoss
7 months ago
very Friendly stuff , good service & helpful in loan .. thank you so much Fadilah !!🙏👍😊
Kc Yoon
Kc Yoon
7 months ago
Started looking for a loan late last night, got onto Lendala....received offers within the hour..confirmed my...
Hock Min Ng
Hock Min Ng
8 months ago
(Translated by Google) Thank you Lendela Pre. Ltd for this platform, thank you Lauren for your help, ...
joshua henry
joshua henry
8 months ago
Lendela helped me find a good and legit company to get a loan. Lauren assisted me. She is so helpful with me, the...
Mohdsham Kan
Mohdsham Kan
8 months ago
Verry powerfull customer service Trust me they did a great job I give lendela pte Ltd 7 star service Can...
Cheng Chaisoon
Cheng Chaisoon
8 months ago
I have been searching for a right place to solve my money problem....found lendela on the Internet...Lauren was...
Mad Ness
Mad Ness
8 months ago
Lauren provide a great service for LENDELA! definitely worth your time
Gopinath Pillai
Gopinath Pillai
8 months ago
Wani of Lendela was extremely professional and very helpful. She went out of her way to assist me
Chen Zhenxiang
Chen Zhenxiang
8 months ago
For the amount of loan and repayment requested it was hard to find any company that's willing to lend....
Ami Vynes Lee
Ami Vynes Lee
8 months ago
I was assigned by Fadilah from Lendela to assist on my loan. She called me and start with a welcoming greeting,...
Abdul Faizal
Abdul Faizal
8 months ago
Ease of applications and approval. Thank you for facilitating the loan.
Nurfitrah Sanchez
Nurfitrah Sanchez
8 months ago
Wani has helped me efficiently! I was able to secure a loan fast and well detailed. Appreciate it alot.👍
Zac Haris
Zac Haris
8 months ago
Lauren has been a great help and she follow through with me until I successfully get the loan i im looking for....
ganesh jajanadan
ganesh jajanadan
8 months ago
Lendela staff *LAUREN* whom assisted me to secure a loan Thumbs Up to you for ur Professionalism. You went through ...
Zainal Saadon
Zainal Saadon
9 months ago
Thank you so much Ms Lauren for your assistance that I'm able to get my loan from lender today.I was so happy the...
Sutrisni Norazmi
Sutrisni Norazmi
9 months ago
Thank you Lendela! Ur help is vvv much appreciated. My loan is approved within 30minutes! So relieved! Thank you...
James starshire
James starshire
9 months ago
Cool team, awesome platform. Person who helped me was super friendly and super efficient. Got a loan within the day
Dean Junior
Dean Junior
9 months ago
I felt relieved and glad that my loans were approved by the Company and even Lendela staff Miss Fadilah went a...
Zie Mohd
Zie Mohd
9 months ago
Thanks Wani for follow up till to the end. Overall process was smooth and make feel much better. Thanks a loads!...
Kiza Kiza
Kiza Kiza
9 months ago
Thanks Wani for following up and the response was super efficient. Everthing went smooth. Thanks a loads!...
Yus Shinoda
Yus Shinoda
9 months ago
Everything is easy with Lendela, the loan offers was surprisingly quick for a first time experience. Lauren was so ...
Aisyah Aila Varisha
Aisyah Aila Varisha
9 months ago
Tks fadilah for ur kindness and helping me to located the area hv a good work & patient.. keep it up.. cheers 🥂
DENNI0 ???
DENNI0 ???
10 months ago
So many finance broker, this is truly trusted one, able to provide your financial need expection request. Customer ...
Stephen Chua
Stephen Chua
10 months ago
Meticulous service with timely follow-up.
Zara S.
Zara S.
10 months ago
Hassle and fuss-free. Fadilah was very patient to assist me in applying and clarifying my queries. It was a fast...
Hans Ahmad
Hans Ahmad
10 months ago
Good service and very helpful... Thank you so much.
Nazruddin Sanchez
Nazruddin Sanchez
10 months ago
Really appreciate the help given by Fadilah. Thanks to her I was able to secure a loan fast and easy. Very...
Ruhaizat Yazid
Ruhaizat Yazid
10 months ago
Great service.. Lendela really supported me when im really in need. Thanks guys
Mohd Loqman
Mohd Loqman
10 months ago
(Translated by Google) ʟᴇɴᴅᴇʟᴀ ɪs ɢᴏᴏᴅ ᴘʟᴀᴄᴇ ᴛᴏ ᴇɴǫᴜɪʀᴇ ᴀʙᴏᴜᴛ...
Faythz Fiztroy
Faythz Fiztroy
10 months ago
Awesome and friendly customer service , fast and efficient transaction, clear explanation and advise on product...
Wesley Hii
Wesley Hii
10 months ago
Really hassle free and smooth transaction. Enquired personal loan in and got my cash 💰 in the afternoon, whole ...
Kelly Khoo
Kelly Khoo
10 months ago
Highly recommended for their service! Amazing patience and detailed follow up! Kudos to Fadilah! Really appreciate ...
Muhsin Nuruddin
Muhsin Nuruddin
10 months ago
A place where you need help financially and with flexibility to commit . They will do the search for you! And...
Azimkhan Khanazim
Azimkhan Khanazim
10 months ago
I got my loan approved within the same day..n for that i would like to expressed my thanks to Fadilah from lendela ...
Muhd Rian
Muhd Rian
10 months ago
Great experience. Fadilah delivered a great service. Really helping me out and sort for me the loan i needed. The...
Stanley Y
Stanley Y
11 months ago
Applied online and service was great. Staff named Wani attended to me through whatsapp and followup was great,...
Jack Wong
Jack Wong
1 year ago
I am grateful to Lendela Kindness and great help. Staff Miss Wani was very helpful, patience, kind, polite, and...
Dylan Lai
Dylan Lai
1 year ago
fast response
Haneyy Joslin
Haneyy Joslin
1 year ago
Thank you lendela for this opportunity! Biggest thank you to Wani for helping me throughout the process!
Ariel Joyce Kho
Ariel Joyce Kho
1 year ago
Ben is really helpful and patient as he suggested the best loan for my situation with the most reasonable...
Yong Wee Necro Lee
Yong Wee Necro Lee
1 year ago
Superb helpful and efficient service from Ben. Strongly recommend to those who in need of financial help :)
Fi Ryan
Fi Ryan
1 year ago
Thank you lendela for giving me an opportunity to have a quick loan in my desperate time , thank you mr ben for...
JCM
JCM
1 year ago
Very friendly staff. Excellent customer service. Was able to find me a loan that I am comfortable to pay off with...
Gareth
Gareth
1 year ago
I found Lendela through google search as i was in need of a personal loan. Reading through the positive reviews i...
Chew Clover
Chew Clover
1 year ago
Ben is friendly, helpful and informative. Really appreciate for his help! :)
Rahmat Rizzuandi
Rahmat Rizzuandi
1 year ago
Awesome service and honest staff!
AJF Writes
AJF Writes
1 year ago
I found my experience with Lendela efficient and professional. Would also like to commend a staff by the name of...
Timothy Marc
Timothy Marc
1 year ago
Danny is really helpful and was patient answering all my questions and helped !me get a food deal. Greatly...
Soler X2
Soler X2
1 year ago
First of al l ,i will like to thanks Danny From Lendela , for providing me options for my loan and the loan went...
15Y6C23 THNG JING XIONG
15Y6C23 THNG JING XIONG
1 year ago
Very useful platform to search for the best loan based on your eligibility. They r very helpful and accommodate to ...
Muhammad Fauzi
Muhammad Fauzi
1 year ago
Fast processing! Affordable interest rate .. highly recommend!
Muhd Hanif
Muhd Hanif
1 year ago
Was assisted by Lendela and everything went smoothly without any hassle. With the right guidance and patient, i...
Inul Jariah
Inul Jariah
1 year ago
I was assisted by Ben. He is very efficient and give advise perfectly. I got my loan approved smoothly.. I am...
Candy Wong
Candy Wong
1 year ago
Danny is really helpful! Went all the way to help me find a lender who's willing to help me! Lots of follow ups...
kinetic candy
kinetic candy
1 year ago
Ben was nice and patient in making sure everything went smoothly. Thank you so much for your help! Appreciate it.
AizTheJoker HaHaahaaha
AizTheJoker HaHaahaaha
1 year ago
True great experience, really help me alot, Danny from Lendela when the extra mile to explain,assist & guide the...
fadly sven
fadly sven
1 year ago
the swift replies..the prompt responses..the friendly, patience and clear answers we got from Ben was super...
Vikramraj Shanmugan
Vikramraj Shanmugan
1 year ago
I had applied for a Loan through Lendela online and within an hour got a call from Ben. Ben was really helpful and ...
Annz Aanis
Annz Aanis
1 year ago
Ben assist me and give me hope that my chance of securing a loan is there eventhough I know its quite impossible....
Kathy Roland
Kathy Roland
1 year ago
They must be sorcerers. They managed to get back to me and I wasn’t expecting much, but Ben managed to help me...
TeeCc
TeeCc
1 year ago
Interesting idea with great assistance.
M Khiril Eirsyed
M Khiril Eirsyed
1 year ago
Great help and assistance from Ben. The process is very quick and reliable. Assisted me throughout the process and ...
Zac Zaini
Zac Zaini
1 year ago
Lendela is very efficient and reliable. They manage to recommend me company which meets my Criteria.. Their staff...
Nurhayati Natasha
Nurhayati Natasha
1 year ago
Was assisted by Ben and it was so smooth without any hassle. With the right guidance and patience, i was able to...
YUSHA VIM12
YUSHA VIM12
1 year ago
Very Efficient And Have Good Standard Of Replying Fast And Promptly Updates . A Staff In The Name Of Ben Help Me...
Shamen Heng
Shamen Heng
1 year ago
My experience was excellent. Staff by name Ben helped me thru the process patiently and promptly tat made my loan...
Sahim Sedik
Sahim Sedik
1 year ago
Received the reply on the next day about the loan from Izwan. Even though decided not to apply but still positive ...
TASH DYY
TASH DYY
1 year ago
Speedy replies! Excellent services with fast response for our application. Highly recommended.
Lim (mouseboy)
Lim (mouseboy)
2 years ago
Very helpful and follow up even when the referred company didn't reply
Erick Chng
Erick Chng
2 years ago
very proactive following up on the status and outcome of the application. prompt and friendly sales rep who shared ...
Iziaki R
Iziaki R
2 years ago
Good service fast response great replies and thanks for getting back with our offers
Mrdtux Rdtu
Mrdtux Rdtu
2 years ago
Friendly and fast communication

MULTIPLE MONEYLENDER OFFERS AT YOUR FINGERTIPS

Find the best licensed moneylender offer with Lendela:

Apply fast & easy

1. Apply online with Lendela to find the best licensed moneylender in Singapore

Receive your offers

2. Receive offers from multiple lenders

Compare and select online

3. Compare offers and select online

Sign the agreement

4. Sign the agreement and get the money

Learn more about Lendela

Our goal is to make your loan application process quicker, simpler and more transparent. As Singapore’s only true personal loan comparison service, we support you all the way from application to disbursement. Click below to read more about Lendela and how we empower thousands of loan-seeking Singaporeans every month.

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HOW TO FIND THE RIGHT MONEYLENDER IN SINGAPORE

We are partnering with multiple licensed money lenders in Singapore to ensure that you get the best possible terms when you apply for a loan with us. However, before doing so, there are a few important things to know about the money lender world. Read our handy guide below to get on top of the subject, so that you can be sure how to find the best licensed money lender in Singapore.

What is a moneylender?


In Singapore, there are 150+ money lenders operating under the verification and approval of Ministry of Law, so called licensed money lenders. Just like regular banks, licensed money lenders in Singapore are entitled to provide credits and loans to the Singaporean population, as well as perform credit checks to ensure their applicants' credit rating and eligibility for a loan. Like banks, licensed money lenders in Singapore provide both secured loans (e.g. car loans and mortgages) and unsecured loans (personal loans, debt consolidation plans etc.)

As part of the lending space in Singapore, all licensed money lenders are obliged to operate under strict regulations set by the Ministry of Law. The regulations cover subjects like loan terms (tenure, interest rate etc.), marketing guidelines, and much more. As a borrower, you are legally obliged to fulfil a loan contract with a licensed money lender.

Most licensed money lenders in Singapore possess one or many branches across the island, where applicants are welcome to physically apply for a loan, whereas some lenders also provide an online application option on their websites for their customers.

What is the difference between a licensed moneylender and a bank?


The main difference between a bank and a money lender in Singapore is the loan terms that they normally offer. While banks in most cases focus on providing higher loan amounts with a longer repayment period (tenure), money lenders in Singapore are normally offering slightly smaller loans with a shorter tenure.

Having said that, the chance of getting a loan from a bank is normally lower than getting it from a licensed money lender. The reason for this is that the banks are more restrictive in offering unsecured loans and normally require more from the applicant in terms of monthly income, savings and credit rating.

In conclusion, it can be said that banks and money lenders are catering for slightly different customers. If you are eligible to get a loan from a bank, these loans will most likely save you money through better loan terms (like lower interest rate), but if you don't meet the banks' requirements, there are several good money lender options for you to get the money that you need.

How to avoid unlicensed moneylenders and loan sharks


The money lender arena is full of different actors and unfortunately, there is a fair share of illegal lenders operating in Singapore today. These illegal actors can be anything from online lenders running a nice-looking website with a made-up license number, to straight-up loan sharks operating in the streets. It is needless to say that it is of great importance that you stay away from these type of lenders. But how will you be able to separate an illegal lender from a licensed moneylender in Singapore? You can always verify that a moneylender is licensed by checking Ministry of Law's list of licensed moneylenders here.

In addition, here are some signs that the lender you are engaging with isn't licensed:

  • The lender is willing to grant you a loan without performing a proper background check on yourself and your financial situation (e.g. if the lender approves your loan inquiry via phone or e-mail before having received and assessed a proper loan application, including supporting documents such as payslips and bank statements)
  • The lender keeps a part of the agreed loan amount away from you
  • The lender refuses to provide you a copy of the loan agreement
  • The lender doesn't explain the loan terms (such as repayment plan, interest rate and fees) to you in a language that you understand
  • The lender keeps any of your personal ID documents (such as SingPass ID and / or password, NRIC card, driver’s licence, passport, work permit, employment pass or ATM card) in "exchange" for the loan

If you encounter any of these behaviours or practices, know that you are probably dealing with an unlicensed moneylender in Singapore and avoid falling into their trap. In addition, you should report the misconduct to the Registry of Moneylenders, along with the lender's name, license (made-up or real) and contact information.

Taking up a loan from a licensed moneylender in Singapore – restrictions, amounts etc.


As any bank, licensed moneylenders in Singapore are allowed to offer any loan amount if the loan is secured. However, there are some rules for unsecured loans (personal loans) when it comes to maximum amount that you can borrow from a moneylender:

Singapore citizens and Permanent Residents (PRs):

  • With an annual income that is less than $20,000, you are allowed to borrow max. $3,000
  • With an annual income of at least $20,000, you are allowed to borrow max. 6 times your monthly income


Foreigners residing in Singapore:

  • With an annual income that is less than $10,000, you are allowed to borrow max. $500
  • With an annual income of at least $10,000 and less than $20,000, you are allowed to borrow max. $3,000
  • With an annual income of at least $20,000, you are allowed to borrow max. 6 times your monthly income
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Interest rates and fees for licensed moneylenders in Singapore


The max. interest rate that licensed moneylenders in Singapore can charge is 4% per month, no matter the applicant's income or if the loan is secured or unsecured. If you fail to repay the loan in time, the max. rate of late interest that can be charge by a moneylender, is also 4% per month, for each month the loan is repaid late. The interest rate is based on the amount that is left to repay from the loan and not the amount that is already repaid. Late interest rate can only be charged on the amount that is repaid late and not the outstanding amount that isn't yet due to be repaid.

There are also restrictions when it comes to loan fees imposed by a licensed moneylender in Singapore:

  • A fee can't exceed $60 for each month of late repayment
  • A fee can't exceed 10% of the principal of the loan when a loan is granted


However, a moneylender has the right to ask the borrower for compensation for legal costs if the moneylender's claim for the recovery of the loan turns out to be successful in court.

IMPORTANT: The total charges on any loan, including interest rate, late interest rate and various fees, can't exceed an amount corresponding to the principal of the loan.

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Good Credit Score can Help You Enjoy Lower Interest Rate


As you can see, the interest rate that a licensed moneylender in Singapore can charge borrowers varies quite a lot. To determine the interest to charge, your credit score comes into play. So, if you qualify for a loan from a specific money lender, the cost of the loan is likely to be lower if your credit score is excellent. Here are some useful tips to ensure you have the best credit score for lower interest rate loans in Singapore:

  • Get a copy of your credit report to check if it has errors. If you note any, ask the Credit Bureau Singapore to correct them before commencing your loan application in Singapore.
  • Try staying away from credit card purchases. When you make new credit card purchases they are likely to raise the credit utilisation rate, which contributes to a significant percentage of the credit score. The higher the balance, the more your score is likely to get impacted negatively.
  • Start by paying off past dues. About 35% of your credit score is based on your payment history. This makes it one of the most important components if you want to push up the credit score for low-interest loans from the best licensed moneylenders in Singapore.
  • Avoid making new credit card applications. As long as you are on a mission to rapidly improve your credit score, making a new credit card application is likely to hurt as opposed to help. Since your credit accounts and number of hard inquiries make 10% of your credit score, avoiding them sends a signal of financial stability, which boosts the score.
  • Contact your creditors. This can be a hard one, but it works when you are trying to boost your credit score. When you reach your creditors to tell them about some hardships that might make your monthly payment(s) delay, they might be able to help. You will be surprised how these creditors want you to improve your situation and have a healthy financial life.
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How to find Singapore's best licensed moneylender


Luckily, this is the simplest part. You are always encouraged to "shop around" for a moneylender loan, to make sure that you eventually select an offer that is decent and comes with the best possible loan terms. However, the process of comparing all your loan options from moneylenders can be very cumbersome, as it requires multiple application processes. This can also affect your credit score negatively, as multiple credit checks risk to deteriorate your credit rate, which will affect your future chances to get a loan or credit.

This is where Lendela comes in. We help you apply with multiple Singaporean licensed moneylenders at the same time, via just one online application form. After your application has been sent to the lenders, we will notify you as soon as you receive an offer, and eventually help you compare all your options and select the loan offer that suits you the best. We stay with you all the way until your loan is disbursed and our service is completely free of charge.

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