Singapore is home to a dynamic financial landscape, making it a hub for individuals and businesses seeking reliable loan agencies. Whether you’re looking to finance a new business venture, cover personal expenses, or consolidate debt, finding the right agency can make all the difference. In this guide, we explore the 7 best loan agencies in Singapore, focusing on their services, key considerations, and pricing to help you make an informed decision tailored to your needs.
- 1. Galaxy Credit
- 2. Goldstar Credit
- 3. 96bm Credit
7
Number of companies
30727
Verified reviews
5,00
Average rating
1. Galaxy Credit
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★
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5,0/5
Blk 703 Ang Mo Kio Ave 8, Ang Mo Kio Central, #01-2531 3 minutes Walk From Amk MRT, 560703, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
Galaxy Credit stands out as one of Singapore’s most trusted licensed money lenders, boasting over a decade of expertise since its establishment in 2010. Renowned for its fast and reliable loan approval process, the company offers a wide range of financial solutions, including personal loans, debt consolidation loans, renovation loans, payday loans, and wedding loans. As a 24-hour money lender, Galaxy Credit ensures accessibility and convenience with online loan applications available round-the-clock, making it the go-to choice for urgent financial needs. The company is committed to providing legal loans with competitive interest rates and flexible repayment terms, tailored to meet diverse customer requirements.
Known for its exceptional customer service, Galaxy Credit takes pride in its understanding and compassionate team, who assist clients in finding the ideal loan solutions for their financial situations. Regular and creditworthy clients can enjoy exclusive perks such as interest rate reductions, extended repayment terms, and faster processing times. With a reputation for transparency and efficiency, the company has earned the trust of thousands of borrowers in Ang Mo Kio and across Singapore. Whether you’re looking for instant loans or specialized options like Grab/Gojek loans, Galaxy Credit delivers reliable financial support with professionalism and care.
2. Goldstar Credit
★
★
★
★
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5,0/5
1187 Upper Serangoon Road, Hougang Central, #01-21 Midtown Residences (The Midtown Residences), 533971, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
Goldstar Credit Hougang stands out as a trusted and licensed money lender in Singapore, known for offering fast and reliable financial solutions. Established in 2009, the company has served over 30,000 borrowers, providing loans tailored to diverse needs such as personal loans, payday loans, renovation loans, medical loans, and debt consolidation. Their streamlined application process, which leverages Singpass Myinfo for secure online submissions, ensures quick approvals and instant cash disbursement. With competitive interest rates starting as low as 2.27% and flexible repayment terms, this money lender caters to individuals with varying financial backgrounds, including those with bad credit history.
Goldstar Credit Hougang specializes in short-term loans and offers up to six times the borrower’s monthly income, making it a preferred choice for urgent cash needs. Certified by the Credit Association of Singapore, the company prioritizes transparency and compliance, providing clear loan contracts and professional financial advice. Their experienced loan officers emphasize customer satisfaction through personalized services, ensuring every borrower experiences a stress-free loan process. Whether it’s funding for a wedding, car financing, or debt restructuring, this company has built a reputation as a reliable and efficient financial partner in Singapore’s money lending industry.
3. 96bm Credit
★
★
★
★
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5,0/5
Blk 302, Ubi Ave 1, #01-31 - Look for Clara or Sim 2 mins walk from Ubi Mrt, Exit A, 400302, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
96bm Credit stands out as a trusted and fully licensed money lender in Singapore, catering to the financial needs of individuals in areas like Ubi, Geylang, Paya Lebar, Eunos, and Kaki Bukit. Known for its seamless and efficient loan application process, the company offers a diverse range of services, including personal loans, business loans, debt consolidation loans, and medical loans. With applications available online 24/7 and integration with Singpass Myinfo for instant approvals, customers benefit from a hassle-free experience. The company’s commitment to transparency and affordability ensures that borrowers receive legal and reliable financial solutions tailored to their needs.
What sets this loan agency apart is its customer-centric approach, with dedicated loan officers providing expert guidance every step of the way. Whether it’s a bad credit loan or a wedding loan, their team ensures fast approvals and disbursements through various convenient methods like cash, PayNow, or bank transfer. They also prioritize confidentiality and adhere strictly to the Moneylenders Act, making them a reliable choice for those seeking quick financial assistance. By offering flexible repayment plans and expert financial advice, the company has established itself as a leading name in Singapore’s money-lending industry.
4. Cash Direct
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5,0/5
Vision Exchange, 2 Venture Drive #01-21 Jurong East Central, 5 mins walk from Jurong East MRT Station Exit B, 608526, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
Cash Direct, established in 2010, is a licensed money lender in Singapore specializing in urgent and instant cash loans. Renowned for its hassle-free application process, clients can apply online in under a minute and receive funds within the same day. The company offers a diverse range of loan types, including payday loans, personal loans, car financing, wedding loans, medical loans, business loans, and debt consolidation loans. With flexible repayment plans of up to 12 months, Cash Direct caters to both individuals and businesses seeking quick and legal financial solutions.
Located conveniently near Jurong East MRT Station, this trusted loan agency has served thousands of borrowers and disbursed over $92 million in loans to date. It is highly rated for its professional service and transparent terms, ensuring clients receive reliable support tailored to their financial needs. Boasting features like instant loan approval, customizable repayment plans, and competitive interest rates, Cash Direct stands out as a dependable option for those seeking licensed money lending services in Singapore.
5. R2d Credit Singapore
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5,0/5
Blk 744 Yishun Street 72, #01-185 1 min walk from Yishun MRT, 760744, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
R2D Credit stands out as a trusted and fully licensed money lender located in Yishun, Singapore. Known for its streamlined and efficient service, the company offers a wide range of loan solutions tailored to meet diverse financial needs, including personal loans, payday loans, business loans, renovation loans, and even medical and wedding loans. With a commitment to providing legal and ethical lending services, R2D Credit ensures fast approvals, flexible repayment plans, and convenient 24/7 online loan applications, making it a reliable option for borrowers with varying financial situations, including those with less-than-perfect credit histories.
As a money lender focused on client satisfaction, R2D Credit takes pride in its customer-centric approach, offering customizable repayment schedules and transparent terms to promote financial wellness. The company employs highly qualified professionals certified in Money Lender Operations & Compliance Training and the Prevention of Money Laundering and Financing of Terrorism. Conveniently located near Yishun MRT, R2D Credit combines accessibility with expertise, ensuring borrowers experience a hassle-free process backed by ethical practices and exceptional service, positioning it as one of Singapore’s leading licensed money lenders.
6. Goldstar Credit
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5,0/5
Blk 190 Lorong 6 Toa Payoh (Toa Payoh Central) #01-576 5 mins walk from, MRT, 310190, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
Goldstar Credit stands out as a trusted licensed money lender in Singapore, specializing in providing legal loans with affordable interest rates. Located in the heart of Toa Payoh, this established loan agency offers a variety of financial solutions tailored to meet individual needs, including personal loans, debt consolidation loans, car financing, renovation loans, and more. With a focus on transparency, convenience, and flexibility, customers can enjoy secure loans without hidden costs, collaterals, or guarantors, and benefit from repayment periods of up to 12 months. Known for its high loan approval rate, Goldstar Credit caters to clients of all credit backgrounds, ensuring fast cash disbursement in as little as 10 minutes through a streamlined online application process.
The company prides itself on its customer-centric approach, supported by a team of experienced loan officers with over a decade of expertise in the industry. As a certified member of the Credit Association of Singapore, Goldstar Credit adheres to strict regulatory standards, ensuring ethical practices and compliance with the Ministry of Law’s guidelines for legal money lenders. Conveniently located near major transport hubs and business districts, the office offers a welcoming atmosphere with amenities such as a cozy waiting area, free refreshments, and educational resources to help customers avoid loan scams. With a mission to provide reliable financial solutions and outstanding service, Goldstar Credit has established itself as a pioneer in the money lending business in Toa Payoh, earning the trust of over 28,000 satisfied customers.
7. Soon Seng Credit
★
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5,0/5
1 Park Road, People's Park Complex (Chinatown) #01-21 2 mins walk from Chinatown MRT, Exit C, 1 Park Rd, #01-21 5 People's Park Complex, 59108, Singapore
- Loan agency
- Car finance and loan company
Why we chose them
Soon Seng Credit stands out as a trusted and licensed money lender in Singapore, strategically located in the heart of Chinatown, just minutes away from the MRT station. With over 30 years of industry expertise, the company is registered with the Ministry of Law and adheres strictly to legal regulations, ensuring transparency and reliability for its clients. Offering a wide variety of loans, including personal loans, car finance, debt consolidation, renovation, and medical loans, the company caters to diverse financial needs with flexible repayment plans of up to 12 months. Their streamlined application process, enhanced by Singpass Myinfo integration, allows for quick approval and disbursement of funds, making it convenient for borrowers seeking fast cash solutions.
Known for its customer-centric approach, this veteran loan agency prioritizes building long-term relationships through tailored repayment plans and realistic financial advice. Clients benefit from affordable interest rates, accessible services, and the expertise of a highly qualified team dedicated to supporting individual financial situations. Whether planning a wedding or covering unexpected medical expenses, Soon Seng Credit ensures that its services are designed to meet diverse financial needs without requiring guarantors for higher loan amounts. The company’s reputation as a reliable money lender is further validated by its commitment to transparency, making it a standout choice for borrowers in Singapore.
Frequently asked questions
What types of loans do loan agencies in Singapore typically offer?
Loan agencies in Singapore commonly provide personal loans, business loans, payday loans, debt consolidation, home loans, and vehicle financing. Some may also offer specialized financing options depending on individual or business needs.
What is the average interest rate for loans in Singapore?
Interest rates for loans in Singapore generally range from 1% to 15% per annum. The exact rate depends on factors such as the type of loan, the loan agency, and the borrower's creditworthiness.
How long does it take for a loan to be approved in Singapore?
Loan approval times vary depending on the type of loan and the agency. Some loans, like payday loans, can be approved within 24 hours, while others, such as business or home loans, may take several days to weeks for processing and approval.
How do I choose the right loan agency in Singapore?
When selecting a loan agency, consider factors such as interest rates, repayment terms, eligibility requirements, loan approval speed, and customer service. It’s also helpful to read customer reviews and ensure the agency is licensed by Singapore's Ministry of Law.
Are there any upfront costs or fees when taking a loan in Singapore?
Some loan agencies may charge processing fees, which typically range from 1% to 5% of the loan amount. Always ask for a detailed breakdown of fees before committing to a loan agreement.
What are the eligibility criteria to apply for a loan in Singapore?
Eligibility criteria often include age (usually 21 and above), Singaporean or Permanent Resident status, proof of income, and a good credit score. Some agencies may also provide loans to foreigners with valid work permits.
Can I apply for a loan if I have a low credit score?
Yes, some loan agencies in Singapore offer loans to individuals with low credit scores, but these loans may come with higher interest rates and stricter repayment terms. It’s advisable to discuss your financial situation with the agency to explore your options.
What is the typical repayment period for loans in Singapore?
The repayment period varies by loan type. Personal loans usually have repayment terms of 1 to 5 years, while home loans can extend up to 30 years. Short-term loans like payday loans typically require repayment within a month.
