Licensed Money Lender in Singapore You Can Trust
Credit 21 is a Licensed Money Lender in Singapore (Licence No: 49/2026) registered with the Ministry of Law. We offer safe and transparent loan solutions for urgent expenses and short-term cash needs, with regulated fees, clear terms, and a fast online application via Singpass MyInfo.
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About Credit 21: Trusted Licensed Moneylender in Singapore
Before you borrow, it is vital to know that you are protected. In Singapore, a licensed moneylender is not just a company with a website; it is a professional entity that has met the rigorous standards set by the Ministry of Law (MinLaw).
What Makes a Moneylender “Licensed” in Singapore?
To verify if a lender is legal and regulated, look for these three mandatory pillars:
- Registration with MinLaw: A legal lender must be listed on the official Registry of Moneylenders. Credit 21 is fully licensed and operates under the strict oversight of the Registry.
- The 4% Interest Cap: By law, licensed lenders can only charge up to 4% interest per month. This cap applies to both the interest on the principal and any late interest. Any lender charging above this is operating illegally.
- Mandatory Physical Verification: Under Singapore law, a loan cannot be approved entirely online. A licensed lender must conduct a face-to-face identity check at their approved place of business before any funds are disbursed.
Why Choose Us?
Credit 21 prioritises safe, responsible and transparent borrowing. Every loan is designed to match your financial situation while following strict rules set by the Ministry of Law.
Why Borrowing from a Regulated Lender Matters
Licensed moneylenders in Singapore are regulated under the Moneylenders Act and listed by the Registry of Moneylenders under the Ministry of Law. This helps borrowers understand their loan terms clearly and avoid unsafe or unlicensed lending practices.
When you work with Credit 21, you can expect a proper loan process designed to protect your interests:
- Full Transparency: We explain the loan terms clearly in writing, including interest, fees and repayment schedule, before you sign.
- Licensed & Regulated: As a licensed moneylender in Singapore, our loan process follows the requirements set by the Ministry of Law and the Registry of Moneylenders.
- Regulated Fee Structure: There are no hidden processing fees. The administrative fee is capped at 10% of the loan principal, while late fees are capped at S$60 per month.
- Data Security & Privacy: Your personal details are handled carefully and kept confidential throughout the loan application process.
- Responsible Lending: We review your income and financial standing, including Singpass MyInfo and MLCB records where applicable, before offering a loan amount suited to your repayment ability.
Borrow Responsibly & Stay Protected
While we are here to support your financial needs, your safety is our priority. In Singapore, the rise of unlicensed moneylenders (often operating via digital platforms) makes it crucial to identify illegal lending tactics before you engage.
How to Spot Unlicensed Money Lender Advertisements
Unlicensed lenders operate outside the law and often use aggressive or anonymous marketing tactics. Be wary if you encounter the following:
- Unsolicited Messages: Legitimate licensed lenders are strictly prohibited by the Ministry of Law from advertising via SMS, WhatsApp, or social media DM. If you receive a “fast loan” offer on your phone, it is from an unlicensed source.
- No Physical Office: Illegal lenders often avoid face-to-face meetings. Remember, Singapore law requires a mandatory physical verification at a registered place of business before any loan can be legally disbursed.
- Vague Terms & Instant Transfers: If a lender promises to transfer funds without a contract or a Singpass verification, they are not operating legally. This often leads to hidden “weekly interest” traps and harassment.
Our Tailor-made
Loan Services
We offer customised loan packages that match your needs and repayment ability. All loans follow strict MinLaw regulations, ensuring clear terms, capped fees and a safe, responsible borrowing experience.
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Personal Loans
For urgent bills, medical needs or short-term expenses.
Foreigner Loans
Simple, fair loans for Work Permit, S Pass and E Pass holders.
Business Loans
Working capital support for SMEs and self-employed borrowers.
Payday Loans
Short-term cash support before your next salary.
3 Simple Steps
to Receive Your
Cash Loan
Submit Your Application
Fill in the online form or apply using Singpass MyInfo. It only takes a few minutes.
Get Your Application Status
We will contact you within an hour with your loan assessment and next steps.
Sign & Receive Your Funds
Visit our office for face-to-face verification and contract signing. Cash is disbursed immediately after approval.
Trusted by Thousands of Borrowers
⭐ 900+ Verified Google Reviews and Counting
With years of experience in Singapore’s licensed moneylending industry, Credit 21 has earned the trust of countless customers for our reliable service, clear explanations and transparent approach. Here’s what our customers say about us: View All
Ready to Apply for Your Loan? Apply Now →
Get a fast, safe and transparent loan with Credit 21. Apply online anytime using Singpass MyInfo for quicker processing and a smooth in-person verification at our office.
FAQs About Licensed Moneylenders in Singapore
Get clear, up-to-date answers about how licensed moneylenders work, what documents you need, and how much you can borrow under Singapore’s Ministry of Law regulations.
What is a licensed money lender in Singapore?
A licensed moneylender is a loan provider approved by the Ministry of Law’s Registry of Moneylenders. They follow strict rules on interest rates, fees, contracts and borrower protection.
Borrowing from a licensed lender ensures transparency, capped charges and proper explanation of all loan terms before you sign.
Is it safe to borrow from a licensed moneylender?
Yes. Licensed moneylenders are regulated under the Moneylenders Act. They must clearly explain fees, provide proper contracts, and meet you in person before disbursement. Licensed lenders cannot impose hidden charges or contact you through unsolicited SMS or WhatsApp messages.
Who is eligible to apply for a loan?
Licensed moneylenders assess applications based on your income, repayment ability and basic eligibility criteria. You may qualify even if you have past credit issues.
Basic requirements include:
- Aged between 21 and 65
- Singaporean, Permanent Resident, or a foreigner with a valid work pass
- Proof of income and identity documents
Licensed moneylenders look at your overall financial situation rather than just credit scores, so borrowers with low or poor credit may still be eligible.
What documents do I need to apply for a loan?
The documents required depend on your residency status. Having them ready helps speed up approval.
For Singapore Citizens and PRs:
- NRIC
- Recent payslips, CPF contribution history or bank statements
For Foreigners Working in Singapore:
- Work Permit, S Pass or Employment Pass
- Proof of residence (tenancy agreement or utility/phone bill)
- Recent payslips or bank statements
Providing complete and accurate documents allows us to process your application smoothly.
Submitting complete and accurate documents helps speed up your application and ensures you meet the requirements set by the Ministry of Law.
How much can I borrow from a licensed moneylender?
Borrowing limits follow MinLaw rules for unsecured loans:
- Below $10,000 annual income → up to $3,000 (Singaporeans/PRs) or $500 (foreigners)
- $10,000 to below $20,000 → up to $3,000
- $20,000 and above → up to 6× monthly income
These limits apply across all licensed lenders combined.
What fees and interest are licensed moneylenders allowed to charge?
Licensed moneylenders must follow strict caps on interest and fees:
- Interest: up to 4% per month
- Late interest: up to 4% per month, charged only on overdue amounts
- Late fee: up to $60 per month for missed payments
- Administrative fee: up to 10% of the loan principal, charged once upon approval
The total charges, including interest, late interest, late fees and administrative fees, cannot exceed the original loan principal.
How long does loan approval take?
Most borrowers receive an outcome within the same day, especially if documents are complete. You must visit the registered office for a face-to-face verification and contract explanation before disbursement.
How do I verify that a moneylender is licensed?
You can confirm a lender’s licence status through the Ministry of Law’s official list of licensed moneylenders. Only lenders listed there are legally permitted to operate in Singapore.
What makes Credit 21 one of the best moneylenders in Singapore?
Credit 21 is a licensed moneylender in Singapore with over 16 years of industry experience, a convenient office at 10 Anson Road, #01-07 International Plaza, Singapore 079903, near Tanjong Pagar MRT Exit C, and loan options such as instant loans for urgent cash needs.
Credit 21 was also recognised as a highly rated moneylender by Loan Street in 2021 and was selected for MinLaw’s pilot involving alternative business models for money lending.
You can start your application online, with final verification, contract explanation and signing completed in person before disbursement.
How do I reach the Credit 21 office?
Credit 21 is located at 10 Anson Road, #01-07 International Plaza, Singapore 079903, beside Tanjong Pagar MRT Exit C and close to Maxwell MRT. If you need help finding our licensed money lender office in Tanjong Pagar, call 6221 1811 and our team will be happy to assist.
Common Questions About Licensed Moneylender Loans
Before applying, it helps to understand how licensed moneylender loans work, including interest rates, fees, repayment terms and borrower requirements. Visit our FAQ page for clear answers to common questions about borrowing from a licensed moneylender in Singapore.
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