All lenders listed on this page are licensed with Singapore's Registry of Moneylenders and must comply with regulated borrowing limits, interest rate caps and fee restrictions.
Licensed moneylenders in Singapore are regulated by the Ministry of Law and must follow strict rules on interest rates, fees and loan limits. This page helps you compare licensed moneylenders, to understand borrowing costs and apply safely.
A licensed moneylender is a lender approved by Singapore's Ministry of Law to provide personal loans. Unlike banks, licensed moneylenders can approve borrowers with lower incomes and credit scores. All licensed moneylenders must follow regulations set by the Moneylenders Act, including 4% monthly interest rate caps and maximum 10% admin and $60 maximum late fees per month.
Minimum age: 21 years
Must Not be an undischarged bankrupt
Most borrowers receive funds within 2 to 4 hours of their initial application.
All lenders listed on this page are licensed with Singapore's Registry of Moneylenders and must comply with regulated borrowing limits, interest rate caps and fee restrictions.
Licensed moneylenders can charge a maximum of 4% interest per month. Additional fees are capped at 10% admin fee and $60 late fee per month. Any lender charging more is breaking the law.
Over 150 licensed moneylenders currently operate across Singapore, offering personal loans, fast cash, payday loans and foreigner loans. ROSHI partners with 20+ vetted lenders for instant comparison.
Singapore Citizens and PRs earning $20,000+/year can borrow up to 6x monthly income. Lower income earners and foreigners have reduced limits set by the Ministry of Law.
Many borrowers in Singapore turn to licensed moneylenders for financing as bank approvals require a certain income threshold and credit score but borrowing at around 4% per month can add up quickly.
If you borrow $5,000 over 6 months you’ll pay roughly $1,200 in interest alone.
My advice, check if you qualify for a digital bank loan first. GXS and Trust offer rates from 3.8% to 12% per year which is significantly cheaper than moneylenders.. Only turn to a moneylender if banks have rejected you or you need money the same day.
If a moneylender is your only option, borrow only what you can repay and always verify the lender is on the Ministry of Law registry before visiting. 
All lenders verified against Ministry of Law registry. Last updated: March 14 2026.
Both offer personal loans but with distinct different features.
Here's how they compare:
| Bank Personal Loan | Licensed Moneylenders Loan | |
|---|---|---|
| Interest rate | 3.8% to 12% p.a. | Up to 4% per month or 48% p.a. |
| Loan amount | $1,000 to $200,000 | $500 to $50,000 depending on income |
| Minimum income | $20,000 to $30,000 per year | $1,500 per month |
| Credit check | Strict CBS check required | Flexible |
| Approval time | 1 to 5 working days | Same day |
| Disbursement | 1 to 3 days after approval | Immediate |
| Office visit required | No | Yes |
| Best for | Lower rates and larger amounts | Urgent cash for lower income borrowers with bad credit |
You earn more than $20,000 per year
You have a good credit score
You can wait 1 to 5 days for approval
You want lower interest rates
You need a larger loan amount
You earn less than $20,000 per year You have poor credit or no history You need cash urgently Banks have rejected your application You need a smaller loan $500 to $10,000 Choosing a moneylender isn't just about the lowest rates but trust and a great customer experience.
We've reviewed over 100 moneylenders in Singapore, analysed thousands of Google reviews and
spoken to real borrowers to find out which lenders deliver on their promises. Here is what we found:
| Annual Income | Singapore Citizens & PRs | Foreigners |
|---|---|---|
| Less than $10,000 | Up to $3,000 | Up to $500 |
| $10,000 to $20,000 | Up to $3,000 | Up to $3,000 |
| $20,000 or more | Up to 6x monthly income | Up to 6x monthly income |
| Factor | Moneylender Loan | Bank Personal Loan |
|---|---|---|
| Approval speed | Same day | 1 to 7 working days |
| Income requirement | From $1,500 per month | $20,000 to $30,000 per year |
| Credit check | Flexible | Strict CBS check |
| Interest rate | Up to 4% per month | 6% to 12% p.a. EIR |
| Loan amount | Up to $10,000 typical | Up to 10x monthly income |
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When you borrow money online, you can access almost
every loan type.
Here are some popular options:
Small Cash Loans
Pay Day Loans
Emergency Loans
Fast Cash Loans
Foreigner Loans
Bad Credit LoansBrowse moneylenders by area or use ROSHI to
compare
lenders across Singapore.
Mastering your loan moves starts with understanding the real cost of borrowing. We believe in empowering you with the right knowledge to make smart financial choices, not quick fixes that lead to debt traps. Our commitment is helping you borrow wisely and stay in control of your money.
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.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
Trust the original! #roshi #singapore #lending #borrowing
.Don't be a fool! #roshi #singapore #lending #borrowing
