Years Of Experience
Our loans are designed to bring your dreams to life. Whether you’re planning for a new home, launching a business, or pursuing higher education, we provide the support you need to make it happen. With flexible options and personalized service, we’re here to help turn your aspirations into reality. Let us help you take the next step toward fulfilling your dreams.
Take control of your finances by merging your existing loans into a single, convenient payment with a potentially lower interest rate.
Facing an urgent need for cash? Our fast cash loans are crafted to deliver the quick financial support you need, precisely when you need it.
A less-than-ideal credit score shouldn’t prevent you from accessing financial support. Our bad credit loans provide a fresh opportunity for those aiming to bounce back from financial challenges.
From funding education and covering medical expenses to renovating your home or planning a dream getaway, our personal loans offer the flexibility to make your goals achievable.
Maintain smooth operations with funding designed to cover your business’s everyday expenses.
Gain a competitive edge with access to the latest equipment and technology.
Reach new milestones by funding strategic business growth and development.
Receive fast and flexible funding based on projected sales.
Best for consolidating consumer debts like credit card balances, personal loans, and medical expenses. This loan combines debts into one monthly payment, often with a lower interest rate.
Requires assets as collateral, such as a vehicle or home, offering lower interest rates due to reduced lender risk. This loan is ideal for those with significant debts seeking lower monthly payments over an extended period.
Created for business owners to merge various business-related debts, such as supplier accounts, business credit cards, and operational loans, into one streamlined loan.
Offers debt flexibility by combining debts into a line of credit, where interest is paid only on the borrowed amount, helping manage varying debt levels.
Customized for foreigners purchasing property abroad, these loans often have specific requirements regarding visa status, employment, and local credit standing.
Designed to support international students with tuition and education-related costs, eligibility may vary based on the course and institution.
Specifically created for foreign entrepreneurs looking to launch or grow a business abroad, often requiring a well-prepared business plan with profit projections.
These loans require collateral, like property or deposits, which can lead to lower interest rates due to reduced risk for lenders.
Tailored financing to help drivers own or lease a vehicle that suits their needs, with a swift approval process to get on the road sooner.
Sincere Moneylender’s Working Capital Loan provides the cash flow required for daily expenses like fuel, maintenance, and insurance, ensuring seamless operations without financial interruptions.
Created for unexpected expenses, our Emergency Fund Loan helps you manage situations like vehicle breakdowns or other urgent needs, so you can resume earning without delay.
Our Vehicle Financing Loan is ideal for drivers wanting to buy new or upgrade vehicles. With competitive rates and flexible terms, owning a vehicle that meets your goals is within reach.
Enhance both indoor and outdoor spaces with our financing options for seamless home improvement projects.
Modernize and upgrade essential spaces in your home to be more functional and stylish.
Looking to add space? Our loans provide the funds to expand your home, boosting its value and utility.
Make environmentally conscious upgrades to your home with financing for green improvements and energy-saving installations.
Sincere Moneylender offers wedding-focused loans with unique features, such as special rates on wedding vendors and flexible repayment options to ease post-wedding finances.
These loans require collateral, like a vehicle or savings, often resulting in a lower interest rate. However, note that collateral can be at risk if payments aren’t met.
An unsecured option based on credit history, ideal for covering wedding expenses from venue costs to attire. Sincere Moneylender provides competitive interest rates and flexible terms, making this option a preferred choice for couples.
A flexible credit line allows couples to draw funds as needed for wedding costs, paying interest only on the amount used—a convenient safety net for unpredictable expenses.
Government loans, like the MOE Tuition Fee Loan, can cover up to 90% of tuition costs at local institutions, usually with low or no interest during the study period, making higher education more accessible.
Banks offer loans for students, both local and international, covering tuition and living expenses with adjustable rates and repayment terms, often requiring a guarantor.
Many educational institutions offer loans, scholarships, and bursaries based on merit, financial need, or specific programs to meet the unique needs of their students.
Community organizations like Mendaki, SINDA, and CDAC provide interest-free study loans for students from Malay/Muslim, Indian, and Chinese communities, supporting their pursuit of higher education.
Sincere Moneylender’s Festive Season Loan provides special terms during peak travel seasons, like Christmas and Hari Raya, offering promotional rates and flexible plans for holiday expenses.
Personal loans are a popular choice for funding vacations, with unsecured options that require no collateral. Banks offer flexible terms, allowing borrowers to cover travel costs such as flights and accommodations.
A flexible credit line offering rewards points for vacation spending, redeemable for travel-related expenses, suited for frequent travelers who value reward benefits.
For spontaneous trips, the Quick Getaway Loan provides quick access to funds with short repayment terms, ideal for last-minute travel plans without lengthy loan approvals.
Covering a range of medical expenses, these loans offer the flexibility to fund hospital stays, treatments, diagnostics, and more, addressing diverse healthcare needs.
Finance eye care expenses like LASIK, cataract surgeries, and eyewear, ensuring individuals can access quality eye health services.
Specifically for dental care, these loans support procedures such as braces, implants, and emergency dental work, making oral health treatments affordable.
Designed for those undergoing musculoskeletal treatments, including surgeries and rehab sessions, these loans cover costs related to knee replacements, therapy, and recovery.
Sincere Moneylender offers unsecured personal loans for various needs, from consolidating debt to financing vacations, with competitive interest and flexible terms for effective financial management.
Our auto loans help you purchase your ideal car. With the vehicle as collateral, these loans offer lower rates, making it affordable to buy new or used vehicles.
Fund your home renovation projects with Sincere Moneylender’s home improvement loans, designed to finance repairs, renovations, or extensions for an upgraded living space.
Sincere Moneylender’s debt consolidation loans simplify your finances by merging multiple debts into one manageable monthly payment, often at a reduced interest rate.
Our Standard Payday Loan is your reliable option for fast cash. Designed for immediate financial needs, it provides a quick, simple funding solution—ideal for unexpected expenses or covering costs until payday, with a flexible repayment period that suits your schedule.
Embrace the convenience of the digital era with our Online Payday Loan, where you can apply, receive approval, and manage your loan fully online. Perfect for those with busy lifestyles, our secure platform enables you to access funds quickly without needing to visit a branch.
When you need cash urgently, our Instant Payday Loan is here to help. This fast-track service is designed to get funds into your account within hours of approval, offering quick relief in critical situations where time is of the essence.
For those who need adaptable repayment options, our Flexible Payday Loan is an ideal choice. This loan allows you to customize repayment dates and amounts based on your financial situation, making it a great fit for those with varying income.
Take control of your finances by merging your existing loans into a single, convenient payment with a potentially lower interest rate.
Facing an urgent need for cash? Our fast cash loans are crafted to deliver the quick financial support you need, precisely when you need it.
A less-than-ideal credit score shouldn’t prevent you from accessing financial support. Our bad credit loans provide a fresh opportunity for those aiming to bounce back from financial challenges.
From funding education and covering medical expenses to renovating your home or planning a dream getaway, our personal loans offer the flexibility to make your goals achievable.
Maintain smooth operations with funding designed to cover your business’s everyday expenses.
Gain a competitive edge with access to the latest equipment and technology.
Reach new milestones by funding strategic business growth and development.
Receive fast and flexible funding based on projected sales.
Best for consolidating consumer debts like credit card balances, personal loans, and medical expenses. This loan combines debts into one monthly payment, often with a lower interest rate.
Requires assets as collateral, such as a vehicle or home, offering lower interest rates due to reduced lender risk. This loan is ideal for those with significant debts seeking lower monthly payments over an extended period.
Created for business owners to merge various business-related debts, such as supplier accounts, business credit cards, and operational loans, into one streamlined loan.
Offers debt flexibility by combining debts into a line of credit, where interest is paid only on the borrowed amount, helping manage varying debt levels.
Best for consolidating consumer debts like credit card balances, personal loans, and medical expenses. This loan combines debts into one monthly payment, often with a lower interest rate.
Requires assets as collateral, such as a vehicle or home, offering lower interest rates due to reduced lender risk. This loan is ideal for those with significant debts seeking lower monthly payments over an extended period.
Created for business owners to merge various business-related debts, such as supplier accounts, business credit cards, and operational loans, into one streamlined loan.
Offers debt flexibility by combining debts into a line of credit, where interest is paid only on the borrowed amount, helping manage varying debt levels.
Tailored financing to help drivers own or lease a vehicle that suits their needs, with a swift approval process to get on the road sooner.
Sincere Moneylender’s Working Capital Loan provides the cash flow required for daily expenses like fuel, maintenance, and insurance, ensuring seamless operations without financial interruptions.
Created for unexpected expenses, our Emergency Fund Loan helps you manage situations like vehicle breakdowns or other urgent needs, so you can resume earning without delay.
Our Vehicle Financing Loan is ideal for drivers wanting to buy new or upgrade vehicles. With competitive rates and flexible terms, owning a vehicle that meets your goals is within reach.
Enhance both indoor and outdoor spaces with our financing options for seamless home improvement projects.
Modernize and upgrade essential spaces in your home to be more functional and stylish.
Looking to add space? Our loans provide the funds to expand your home, boosting its value and utility.
Make environmentally conscious upgrades to your home with financing for green improvements and energy-saving installations.
Sincere Moneylender offers wedding-focused loans with unique features, such as special rates on wedding vendors and flexible repayment options to ease post-wedding finances.
These loans require collateral, like a vehicle or savings, often resulting in a lower interest rate. However, note that collateral can be at risk if payments aren’t met.
An unsecured option based on credit history, ideal for covering wedding expenses from venue costs to attire. Sincere Moneylender provides competitive interest rates and flexible terms, making this option a preferred choice for couples.
A flexible credit line allows couples to draw funds as needed for wedding costs, paying interest only on the amount used—a convenient safety net for unpredictable expenses.
Government loans, like the MOE Tuition Fee Loan, can cover up to 90% of tuition costs at local institutions, usually with low or no interest during the study period, making higher education more accessible.
Banks offer loans for students, both local and international, covering tuition and living expenses with adjustable rates and repayment terms, often requiring a guarantor.
Many educational institutions offer loans, scholarships, and bursaries based on merit, financial need, or specific programs to meet the unique needs of their students.
Community organizations like Mendaki, SINDA, and CDAC provide interest-free study loans for students from Malay/Muslim, Indian, and Chinese communities, supporting their pursuit of higher education.
Sincere Moneylender’s Festive Season Loan provides special terms during peak travel seasons, like Christmas and Hari Raya, offering promotional rates and flexible plans for holiday expenses.
Personal loans are a popular choice for funding vacations, with unsecured options that require no collateral. Banks offer flexible terms, allowing borrowers to cover travel costs such as flights and accommodations.
A flexible credit line offering rewards points for vacation spending, redeemable for travel-related expenses, suited for frequent travelers who value reward benefits.
For spontaneous trips, the Quick Getaway Loan provides quick access to funds with short repayment terms, ideal for last-minute travel plans without lengthy loan approvals.
Covering a range of medical expenses, these loans offer the flexibility to fund hospital stays, treatments, diagnostics, and more, addressing diverse healthcare needs.
Finance eye care expenses like LASIK, cataract surgeries, and eyewear, ensuring individuals can access quality eye health services.
Specifically for dental care, these loans support procedures such as braces, implants, and emergency dental work, making oral health treatments affordable.
Designed for those undergoing musculoskeletal treatments, including surgeries and rehab sessions, these loans cover costs related to knee replacements, therapy, and recovery.
Sincere Moneylender offers unsecured personal loans for various needs, from consolidating debt to financing vacations, with competitive interest and flexible terms for effective financial management.
Our auto loans help you purchase your ideal car. With the vehicle as collateral, these loans offer lower rates, making it affordable to buy new or used vehicles.
Fund your home renovation projects with Sincere Moneylender’s home improvement loans, designed to finance repairs, renovations, or extensions for an upgraded living space.
Sincere Moneylender’s debt consolidation loans simplify your finances by merging multiple debts into one manageable monthly payment, often at a reduced interest rate.
Our Standard Payday Loan is your reliable option for fast cash. Designed for immediate financial needs, it provides a quick, simple funding solution—ideal for unexpected expenses or covering costs until payday, with a flexible repayment period that suits your schedule.
Embrace the convenience of the digital era with our Online Payday Loan, where you can apply, receive approval, and manage your loan fully online. Perfect for those with busy lifestyles, our secure platform enables you to access funds quickly without needing to visit a branch.
When you need cash urgently, our Instant Payday Loan is here to help. This fast-track service is designed to get funds into your account within hours of approval, offering quick relief in critical situations where time is of the essence.
For those who need adaptable repayment options, our Flexible Payday Loan is an ideal choice. This loan allows you to customize repayment dates and amounts based on your financial situation, making it a great fit for those with varying income.
Apply online at the comfort of your home, end of the days where for simple query and application you had to go to the financial instituation. Isn’t that smart ?
Less than typical intesest rates, depending on the loan type the interest rate is only 1 to 4%
We have 99% acceptance rate, which is very high
If you apply online we can release the laon cash within 1 day. If you come office we can provide the loan cash with 30mins after filling the form
Simply fill up the loan application form. Takes only 2 mins.
Outcome of the loan with the maximum loan amount and tenure will be provided to you in less than an hour.
Head down to Sincere Moneylender, sign the contract, and get your money instantly.
Change values to calculate monthly installment and interest rate.
1 Month
Common types include personal loans, debt consolidation loan, foreigner loan, home renovation loan, wedding loan, study loan, medical loan, payday loan and many types of business loans
Depending on the loan type the interest rate is 1 to 4% monthly
Happy Customers
Daily Payments
Approval Rate
Explore common questions about licensed money lenders in Singapore
A licensed money lender is a legal and registered entity in Singapore, approved by the Ministry of Law’s Registry of Moneylenders. They are authorised to provide loans according to Singapore’s regulations.
Licensed money lenders can only operate if they hold a valid licence and conduct their business at their registered premises or through approved online platforms.
The Moneylenders Act establishes the legal framework for licensed moneylenders in Singapore. It regulates money lending activities, oversees the operation of credit bureaus, and manages how borrowers’ information is collected, used, and shared. This ensures that all moneylending practices comply with Singapore’s laws and protect borrowers during the loan process.
You can locate all licensed money lenders by visiting the Registry of Moneylenders’ official directory. This directory is regularly updated to reflect the current number of registered lenders, which, according to the Ministry of Law (MinLaw), currently stands at 153. Keep in mind that this figure may change over time.
At sinceremoneylender, we welcome a wide range of applicants to meet their financial needs. Here’s who is eligible:
Age Requirement: Applicants must be between 18 and 65 years old.
Credit History: Individuals with poor credit scores or a challenging credit history are welcome to apply.
Residency Status: Open to Singaporeans, Permanent Residents, and foreigners holding any type of work pass.
Employment Type: Suitable for employees, self-employed individuals, and business owners.
Other Professions: Applications are encouraged from gig workers (e.g., food delivery riders, PHV drivers), freelancers (e.g., coaches, tutors), and commission-based agents (e.g., property or insurance agents).
The amount you can borrow depends on your annual income and residency status:
| Annual Income | Singapore Citizens/PR | Foreigners Residing in Singapore |
|---|---|---|
| Less than $10,000 | Up to $3,000 | Up to $500 |
| $10,000 to less than $20,000 | Up to $3,000 | Up to $3,000 |
| At least $20,000 | Up to 6x your monthly income | Up to 6x your monthly income |
Licensed money lenders in Singapore must adhere to strict guidelines for interest rates and fees. The maximum interest rate is capped at 4% per month, while late interest is also limited to 4% per month on overdue amounts. Borrowers may incur a maximum late fee of $60 per month for overdue payments, and administrative fees are restricted to 10% of the approved loan principal. These regulations are in place to protect borrowers and ensure fair lending practices.
No, there are no penalties for early repayment or full settlement of a loan. Since 1 October 2015, licensed money lenders can only charge the following fees:
In Singapore, legal money lenders typically use the reducing balance method to calculate interest. Under this method, interest is charged based on the outstanding loan balance. As you repay the loan, the amount of interest due decreases with each instalment, which means you pay less interest over time.
This approach is different from the flat rate method, where interest is calculated on the original loan amount for the entire loan term, regardless of how much has been repaid.
Example Comparison:
Loan Amount: $5,000
Interest Rate: 24% per annum
Loan Term: 12 months
| Method | Reducing Balance | Flat Rate |
|---|---|---|
| Total Interest | $673.57 | $1,200.00 |
As shown, the reducing balance method results in a lower total interest charge over the course of the loan.
If you miss a payment on your loan, the money lender will typically charge late interest, which accumulates daily. The interest is calculated based on the overdue amount and may also be compounded. In addition, the lender may take further legal action if the overdue amount is not settled, leading to additional fees and potential legal consequences. It is important to contact the lender immediately if you anticipate any difficulty in making your payment on time.
Absolutely! At sinceremoneylender, we take your privacy and security seriously. As a licensed money lender in Singapore, we have implemented robust security protocols to ensure your personal information is fully protected.
Our state-of-the-art technology and frequent system updates are designed to prevent unauthorized access to your data. We comply with all data protection regulations and industry best practices to safeguard your information.
You can trust that your personal details are handled securely, and we are dedicated to ensuring a safe and confidential experience throughout your dealings with us.
Yes, private money lenders in Singapore typically offer a more accessible borrowing process compared to traditional banks. They are licensed and tend to have less stringent requirements, enabling quicker loan approvals. This makes them a favorable option for individuals who need fast financial assistance for urgent situations.
Yes, legal money lenders in Singapore often consider applicants with poor credit scores. Unlike traditional lenders, they tend to evaluate the borrower’s present financial situation and ability to repay, rather than relying exclusively on credit scores.
Yes, licensed money lenders in Singapore do require a credit check before approving a loan. Although they may be more accommodating than banks, especially for individuals with low credit scores, they still assess your creditworthiness by reviewing your Loan Information Report from the Moneylenders Credit Bureau (MLCB). This helps them determine your borrowing limit and ability to repay the loan.
Yes, an unemployed person can qualify for a loan if they can prove a stable source of income, such as alimony, annuity payments, or retirement benefits. Evidence of such income helps lenders assess loan eligibility, even without traditional employment.
No, while licensed money lenders report repayment records to the Moneylenders Credit Bureau (MLCB), these details do not impact your Credit Bureau Singapore (CBS) score.
If you miss a payment, you may incur a late fee and additional interest charges. The late interest is capped at 4% per month, and there may be a fee up to $60 for each month of delay. These details will be clearly specified in your loan agreement.
Defaulting on a loan can lead to increased debt, a negative entry on your MLCB Loan Information Report, and reduced chances of securing future loans. Additionally, legal actions could be pursued. If you’re facing difficulties repaying, it’s important to reach out to your consultant for a tailored repayment plan.
If you find yourself facing financial challenges, it is important to communicate with your licensed money lender. You may be able to discuss and renegotiate the terms of your loan. Additionally, there are local social service organizations that specialize in supporting individuals dealing with debt. They offer valuable services like credit counseling, debt management guidance, and can help facilitate negotiations for more manageable repayment plans with your creditors.
Yes, you can apply for additional loans while repaying an existing one. However, it’s important to assess your financial situation carefully to ensure that you can manage the repayments of multiple loans responsibly without exceeding your repayment capacity.
Licensed money lenders offer faster loan approval and more flexible terms, especially for those with poor credit scores or urgent financial needs. Unlike banks, which have stricter eligibility criteria and longer processing times, licensed money lenders often cater to emergency situations with quick disbursements. However, it’s essential to ensure the lender is licensed to avoid scams, as unlicensed entities may impose unfair terms. Always choose a trusted, regulated lender for safety and reliability.
Before borrowing from a licensed money lender in Singapore, it’s important to evaluate the interest rates, repayment terms, and any additional fees. Assess your financial situation, including your income, expenses, and the ability to make timely repayments. Ensure that the lender is legally registered with the Ministry of Law, confirming that they are a legitimate money lender.
It’s also essential to be aware of the consequences of late payments, which may include extra charges. Always request a copy of the signed loan agreement and consider comparing different licensed money lenders online to find the best and most reliable option.
o ensure you’re applying for a loan from a legitimate money lender, start by verifying their license. You can do this by checking the lender’s name against the official list of licensed money lenders provided by the Ministry of Law (MinLaw) in Singapore.
Here’s how to verify:
Important Tip:
Illegitimate money lenders often refuse to meet in person or insist on conducting all transactions remotely. If you encounter such a situation, immediately stop communication with the lender and do not proceed with the loan application.
Licensed money lenders in Singapore are allowed to advertise their services only through specific channels: on their official website, on their office shopfront and interior, and in consumer or business directories. If a borrower fails to repay a loan, the lender can recover the money through several lawful means, including sending a Letter of Demand, visiting the borrower’s home or workplace, hiring professional debt collectors, or taking legal action. If legal action is successful, the borrower may also be required to pay the lender’s court-ordered legal costs.
Licensed money lenders are bound by strict regulations to ensure fair and ethical lending practices. They are not allowed to:
These restrictions are in place to protect consumers and maintain a safe and transparent lending environment.
Harassment by a licensed money lender is strictly prohibited. If you find yourself in such a situation, it is important to report the incident immediately. You can file a complaint with the Ministry of Law’s Registry of Moneylenders. This can be done either through their online complaint form or by contacting them directly at 1800-2255-529.
Not all private money lenders in Singapore are dependable. Some, like illegal lenders, may offer quick loans but are far from trustworthy. To ensure safety and reliability, it’s best to borrow from a licensed money lender or a bank, avoiding any unlicensed or illegal lenders. Always verify credentials before proceeding with a loan to avoid potential risks.
While money lenders offer fast processing and approval, they still require in-person verification of your identity at their registered office. However, the best money lenders in Singapore can ensure rapid loan approval and cash disbursement within 30 minutes, provided all necessary documents are submitted.
While many licensed money lenders in Singapore offer online loan applications 24/7, their physical offices operate within specific hours. You can apply for a loan at any time via their website, but keep in mind that services like processing and customer support are only available during business hours.
Not every online money lender in Singapore can be trusted. While numerous licensed money lenders have shifted to online platforms, providing a secure and reliable service, there are also illegal lenders that pose significant risks.
Legitimate money lenders typically feature a secure online application process, sometimes incorporating Singpass for enhanced convenience and verification. However, it’s important to remember that even when applying online, you will need to visit the lender’s physical office to finalize the loan contract in person.
Be cautious and ensure that the lender is licensed before proceeding with any loan agreement.
Yes, certain money lenders in the Tampines area are open on Sundays. For example, sinceremoneylender operates from 11 AM to 5 PM on Sundays and from 11 AM to 7:45 PM Monday through Saturday, offering a convenient schedule for those in need of financial services.
To ensure you are dealing with a legitimate money lender, check that they are registered and licensed. Search for licensed money lenders in Singapore and read customer reviews. Asking for recommendations from trusted friends and family can also provide valuable insights. Always verify the lender’s status through the Ministry of Law’s official website to ensure they are authorized to lend in Singapore.
Finding a fast money lender is straightforward if you know where to look. One option is sinceremoneylender, known for quick loan approval and fast disbursement. As long as you have all the required documents ready, you can expect the loan to be processed and disbursed in under 30 minutes.
Monday – Saturday 11:00am to 7:00pm
Closed on Sunday & Public Holidays
© Copyright 2024, all rights reserved Sincere Moneylender
