Licensed moneylenders compete for your business
Multiple regulated moneylenders bid against each other for your loan. That competition drives rates down to the best pricing in the market — starting from 9.6% PA.
Best pricing among licensed moneylenders
Lowest Moneylender Rates in Singapore — From 9.6% PA
Stop paying more than you need to. Credible.sg connects you with Singapore's licensed moneylenders offering the best pricing in the market. Apply once, get matched to multiple lenders competing for your business, and lock in rates starting from 9.6% PA with transparent, upfront fees.
- Rates starting from 9.6% PA — lowest pricing among licensed moneylenders
- Multiple lenders compete for your business — best pricing guaranteed
- Real effective interest rates shown upfront — no hidden fees, transparent terms
Illustrative figures. Your actual offers depend on your profile.
9.6% PA lowest moneylender rate available
S$1k–100k typical loan range
100% Licensed all lenders regulated by Ministry of Law
< 5 min to get matched with competing lenders
Where moneylender rates stand
Licensed moneylender rates in Singapore
Credible.sg connects you with licensed moneylenders offering competitive rates well below the legal cap. On Credible.sg, multiple lenders bid to offer you their best pricing, driving your rate down.
Credible.sg lenders (best pricing) Lowest Floor
9.6%–20% p.a. Our licensed moneylenders offer the best pricing in the market, starting from 9.6% PA. Your actual rate depends on your profile, loan amount, and tenure.
Legal maximum
Up to 48% p.a. (4% per month) Licensed moneylenders in Singapore can charge up to 4% per month by law. Credible.sg lenders consistently beat this cap with competitive pricing.
These are illustrative ranges, not quotes. Your actual offers depend on your income, credit profile, and the loan amount and tenure you request. Credible.sg is not a lender.
How it works
From one application to money in hand
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Apply once — takes 5 minutes
Enter your loan amount, desired tenure, and basic details. One simple application, no upfront fees.
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Get matched with competing licensed moneylenders
Our network of licensed moneylenders respond with real rates for your profile. Multiple lenders means better pricing for you.
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Compare transparent offers side by side
See effective interest rates, fees, and repayment schedules clearly. Every offer is fully transparent — no hidden costs.
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Lock in your best rate and get funds fast
Accept the offer with the best pricing, verify your identity, and receive funds quickly.
Plan before you borrow
Estimate your monthly repayments
Move the sliders to get a feel for what a loan would cost each month. The calculator tops out at 4% a month because that is the legal cap for licensed moneylenders in Singapore. Your actual offers will state their exact rates and fees.
Get real offers insteadGet A Credible Loan
Estimated Monthly Payment SGD 337
What determines your best moneylender rate
Your rate with licensed moneylenders — what moves the price
On Credible.sg, multiple licensed moneylenders compete for your business. These factors determine whether you get 9.6% or a higher rate, and what the best pricing for you actually is.
| Factor | How it affects your moneylender rate | Your action |
|---|---|---|
| Loan amount | Smaller loans (S$1k–5k) often qualify for better rates. Larger loans may carry slightly higher rates due to risk. | Borrow only what you need — smaller amounts attract better pricing from our lenders. |
| Repayment tenure | Shorter tenures (3–6 months) usually get the best rates. Longer tenures carry higher rates to reflect extended risk. | Choose the shortest tenure you can comfortably afford to unlock lower rates. |
| Your credit profile & income | Stable income and good payment history unlock rates closer to 9.6%. Weaker profiles get offered higher rates by lenders. | A stronger profile directly unlocks better pricing — check your CBS report before applying. |
| Competitive bidding on Credible.sg | Multiple lenders bidding for your business drives rates down. You see real competing offers, not just one lender's price. | On Credible.sg, you instantly get matched to multiple lenders. That competition means you get the best pricing available. |
These are general explanations, not a quote. By law, licensed moneylenders can charge at most 4% interest per month, 4% late interest per month, an admin fee of up to 10% of the principal, and late fees of up to S$60 a month, with total charges capped at the amount you borrowed. Before signing anything, check the lender on the Ministry of Law registry.
Who qualifies for Credible.sg moneylender loans
You can apply if you are…
- At least 21 years old
- Singapore Citizen, Permanent Resident, or a foreigner holding a valid employment pass
- Stable income (employment or self-employed). Licensed moneylenders assess your ability to repay and may offer you rates starting from 9.6% PA if your profile is strong.
Documents to have ready
- NRIC or passport
- Recent payslips, CPF contribution statements, or Notice of Assessment
- Proof of residential address, such as a utility bill or tenancy agreement
- SingPass login if you apply to a bank through Myinfo
Visual guide
Lowest interest rate does not always mean cheapest loan
Use this quick guide when comparing personal-loan offers. The rate matters, but fees, tenure, and total repayment determine what the loan really costs.
Lowest interest rate is not always the cheapest loan
Start by looking beyond the headline rate.
Check fees and tenure too
Processing, admin, late fees, and the repayment period all affect price.
Ask which loan costs you least overall
The best offer is the one that fits your full repayment picture.
Use a simple comparison checklist
Compare rates, fees, tenure, and total repayment before accepting.
Figures in the visuals are illustrative. Always check the lender's written offer and full fee schedule.
Why Credible.sg
Borrowing, with the guesswork removed
Transparent effective rates, not hidden fees
Every offer shows the true effective interest rate and all fees upfront. No surprises, no teaser rates masking higher real costs. See exactly what you'll pay.
Regulated lenders, transparent process
All lenders on Credible.sg are licensed by the Ministry of Law. One free application, multiple offers, zero obligation. Compare and choose risk-free.
What is the lowest moneylender rate you can get in Singapore?
The best pricing on licensed moneylender loans in Singapore starts at 9.6% PA on Credible.sg. Licensed moneylenders can charge up to 4% per month (48% per year) by law, but the best lenders in our network offer far better pricing. Credible.sg specializes in connecting you with the competitive, licensed moneylenders that offer the lowest rates — starting from 9.6% PA.
On Credible.sg, you get matched to multiple licensed moneylenders automatically. Each lender bids with their best offer for your profile. You see all competing offers and pick the one with the best pricing. That competitive pressure is what drives your rate down to 9.6% or better — and that's something you can't get by applying to moneylenders one at a time.
Why individual moneylender rates vary from Credible's 9.6%
The 9.6% rate is the best pricing available on Credible.sg. Your actual rate depends on your CBS credit score, income, the amount you're borrowing, and your chosen tenure. If you have a weaker profile or borrow larger amounts over longer tenures, moneylenders may offer you a higher rate. That's how all lenders price risk — stronger profiles get better pricing.
This is exactly why competing offers matter. On Credible.sg, you get matched to multiple moneylenders instantly. Some may offer 9.6%, others 12%, others 15% — all regulated by the Ministry of Law. When you see all offers at once, you pick the best pricing available to you. That transparency and competition is what gets you the lowest rate you actually qualify for.
How to lock in the best moneylender pricing on Credible.sg
Step one: check your CBS credit report before applying. A stronger credit score is the biggest lever on moneylender pricing. You might be surprised — credit scores are often weaker than expected, but they're also fixable with a few months of on-time payments.
Step two: borrow only what you need, for the shortest tenure you can comfortably afford. Smaller loans and shorter tenures unlock better rates. A 3-month loan at 9.6% is far cheaper than a 12-month loan at 12%, even if the monthly payment is higher.
Step three: apply on Credible.sg once. You'll be instantly matched to multiple licensed moneylenders competing for your business. Compare their effective interest rates and lock in the best pricing you qualify for. That competitive bidding is what gets you rates starting from 9.6%.
Common questions
Lowest Moneylender Rate FAQs
Still unsure about something? Message us on WhatsApp and a real person will walk you through it.
Is there a legal minimum or maximum interest rate for loans in Singapore?
There's no legal minimum — banks compete for strong borrowers, which is what drives their advertised rates down. There is a legal maximum: licensed moneylenders in Singapore cannot charge more than 4% interest per month, a cap set by the Ministry of Law since 1 October 2015 that applies no matter your income or credit profile.
Why didn't I get the "lowest rate" I saw advertised?
Advertised rates are usually a lender's best-case offer for borrowers with strong income and credit. Your actual quote reflects your own Credit Bureau Singapore (CBS) profile, the amount you're requesting, and your chosen tenure, so it can land above the headline number you saw in an ad. Comparing more than one offer is the only way to see where you actually fall.
What is the absolute maximum I could ever be charged by a licensed moneylender?
By law, a licensed moneylender can charge at most 4% interest per month, 4% late interest per month, a one-time admin fee of up to 10% of the principal, and late fees of up to S$60 a month. On top of that, the total of all interest, fees, and late charges can never exceed the amount you originally borrowed — that ceiling can never be crossed, no matter how long a loan runs.
Does a longer loan tenure always mean a lower interest rate?
Not necessarily. A longer tenure usually lowers your monthly instalment, but it can raise the total interest you pay over the life of the loan, even at a similar rate. Compare the total cost of a loan, not just the size of the monthly payment, before you choose a tenure.
How can I actually improve the rate I am offered?
Check your CBS credit report before you apply, since a stronger score is the biggest lever on a bank's advertised rate. Borrow only what you need, choose the shortest tenure you can comfortably manage, and apply across both banks and licensed moneylenders so you can see your full range of real offers instead of just one.
If I only qualify for a licensed moneylender, am I stuck with the 4% cap?
No — 4% a month is the legal maximum, not a fixed price. Licensed moneylenders can and do charge less, particularly for smaller amounts, shorter tenures, or lower-risk profiles. Credible.sg matches you with more than one licensed moneylender so you can compare their actual offers instead of accepting the first one you find.
Learn with Credible
Guides to read before you borrow
Best Personal Loan Rates in Singapore: Compare and Choose
Read the guide →Personal Loan Singapore: Compare Offers From Licensed Lenders
Read the guide →Understanding Your Credit Score in Singapore: CBS Explained
Read the guide →Debt Consolidation Loan Singapore: Combine Your Debts, Find the Lowest Rate
Read the guide →Wedding Loan Singapore: Compare Offers and Find the Lowest Rate
Read the guide →Browse by topic
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Get the best moneylender pricing — from 9.6% PA
Five minutes. One application. Instant matches with multiple licensed moneylenders competing for your business. See real offers starting from 9.6% PA and lock in the best pricing you qualify for — risk-free.
