How to spot an unlicensed moneylender?

Despite Singapore’s stringent regulations to narrow down on unscrupulous moneylenders, these group of devious minds are still prowling around law enforcement to target the vulnerable. …

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How can I guarantee that my private documents will be used solely for official purposes?

We understand that some customers are still sceptical on our legitimacy. Worry not, you can reach out to us via our online platform’s live chat …

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How long will it take to receive a reply upon submitting an enquiry?

We will get back to you within one working day.

What changes have been implemented in light of the covid-19 pandemic?

You can still approach the offices but do remember to put on a mask at all times as required by the law. As for consultations …

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What are the documents required to apply for a loan?

The basic requirements are as follows: 1. Hold a Singapore citizen or Permanent Residence (PR) status. Foreigners are eligible to apply but approvals are subjected …

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Can I apply for a loan with a low credit score?

It will be on a case-by-case basis. We will still verify your official documents before concluding the application results. However, a low credit score may …

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Do I need to pay the administrative, processing, and other fees before getting my loan amount?

No, these fees will be directly deducted from your principal loan amount. As regulated by MinLaw, licensed moneylenders are not permitted to request for an …

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What are some ways to differentiate between a licenced and unlicensed moneylender?

1. Only licensed moneylenders have access to MinLaw’s landline 2. The listing of a personal phone number on a firm’s website is a red flag …

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What if I can’t keep up with my loan repayments?

Depending on our partners’ loan policies, you will be charged a late repayment fee as a penalty. Consecutive late payments will adversely impact your credit …

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How often do I have to make my loan repayments

All loan repayments will be charged monthly, together with the additional fees/charges. Remember to plan your finances to repay your interest rates in a timely …

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