Regulated borrowing
The cheapest-looking monthly rate is not always the lowest-cost loan. Compare licensed moneylenders using the same amount and tenure, then verify the provider through the Ministry of Law.
The Ministry of Law sets limits for licensed moneylender interest and fees. Current limits and borrower rules can change, so use the official Registry of Moneylenders and borrower guidance as the source of truth.
A licensed moneylender must meet the borrower in person at an approved place of business before granting a loan. A fully online transaction or an advance payment request is a major warning sign.
Put the same loan amount and tenure into each comparison. Record the principal you will actually receive after any fee, the interest method, EIR, monthly instalment, total repayment, late charges and early-settlement terms. Ask what happens if your income changes or you need to adjust a payment date.
Credible.sg can reduce the need to search lender by lender by matching applicants with screened partners. The matched lender still makes the assessment and supplies the final agreement.
Do not take a new loan to cover an unaffordable existing repayment without understanding the full consequences. Consider debt-support options and speak with a qualified adviser if debt is already causing stress.
Verify before you borrow
Rates, eligibility, promotions and lender availability change. Check the Ministry of Law Registry of Moneylenders for licensed moneylenders and the Monetary Authority of Singapore for regulated financial institutions. For credit-report questions, refer to Credit Bureau Singapore.
Credible.sg is a loan-matching platform, not a lender. Applying is free, but approval and final terms are determined by the lender.
Common questions
Still unsure about something? Message us on WhatsApp and a real person will walk you through it.
No. Credible.sg is a loan-matching platform operated by Simple Stack Pte Ltd. The loan, rate, fees, approval, and disbursement come from the matched lender.
Credible.sg matches applicants with lending partners that are screened for the platform. Always verify the final lender and its current status against the Ministry of Law Registry of Moneylenders or the relevant MAS register before signing.
No. Comparing an offer does not obligate you to accept it. Review the written rate, EIR, fees, repayment schedule, and lender details first.
Singapore’s legal caps should be checked on the current Ministry of Law website. Do not rely on an old blog post or an unverified lender advertisement.
Use the official Registry of Moneylenders and match the lender’s legal name, address, telephone number and website—not just a similar-looking brand.
Make an informed choice
Submit one application and review the available terms. There is no obligation to accept an offer.
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