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    Get Multiple Loan Offers Within Minutes

    • STEP 1

      Fill Up Application Form
      Submit your loan request with your particulars.

    • STEP 2

      Matching to Competitive Loan Offers
      We will match you to suitable loan providers that will give you competitive loan offers.

    • STEP 3

      Collect Your Money
      Make your way to your preferred loan provider’s office to verify your particulars and collect your approved cash loan.


    What should I consider before applying for a loan?

    Before you approach a moneylender, consider the various financial assistance schemes that are offered by Government agencies. After exploring these alternatives and you still can’t address your financial needs, then you should look for a licensed moneylender for help.  


    Before you make any loan, consider what is the amount of money that you need and do not borrow more than what you can repay. Consult our loan specialists to find out what type of loan is suitable for you. Make sure you have fully understood the terms and conditions applied to the loan contract.


    You are legally obliged to fulfil any loan contract. Bear in mind that if you are unable to adhere to the contractual terms, the late payment fees and interest payment will be an additional burden for you and your family.

    What are the interest rates that licensed moneylenders can charge?

    With effect from 1 October 2015, the maximum interest rate moneylenders can charge is 4% per month. This is the maximum rate of late interest a moneylender can charge. It applies regardless of the borrower’s income and whether the loan is an unsecured or secured one.


    Late interest only applies to the amount that is repaid late. For example, if Person A takes a loan of $10000, and fails to pay for the first instalment of $3000, the moneylender can charge the late interest on $3000 but not on the remaining $7000 that is not due yet.

    What are the fees that Moneylenders can charge?

    With effect from 1 October 2015, all moneylenders are only allowed to impose the following charges:


    • Fee not exceeding $60 for each month of late repayment;
    • Fee not exceeding 10% of the principal of the loan when a loan is approved; and
    • Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan


    The total charges, which include interest, late interest and administrative fee, imposed by a moneylender cannot exceed the principal of the loan.

    How do I know if a moneylender is licensed?

    You may visit https://rom.mlaw.gov.sg to access the list of licensed moneylenders.


    Be mindful of the moneylenders if they:


    • Use abusive language or threatening word towards you
    • Request for your SingPass user ID and/or password
    • Retain your NRIC card or other personal ID documents
    • Grant you a loan without giving you the Note of Contract
    • Grant you a loan before you submit all the relevant documents and application form
    • Withhold any part of your principal loan


    The practices mentioned above are not acceptable. Report the moneylender to Registry of Moneylenders immediately if you encounter one.

    What to do after being granted a loan?

    Check that the moneylender has delivered to you the correct principal amount of the loan. The moneylender is only allowed an upfront deduction of loan approval that amounts up to 10% of the principal amount.


    Ensure that you receive a statement of account for all your loan(s) atleast once every January and July, check that all the information provided is correct. You will also need to receive a receipt every time you make any repayment towards your loan. Safe keep these documents as evidence of payments.


    Remember to pay the loan instalments on time to avoid incurring late payment fees and late interest.

    Important Note: The following information provided is of a general nature only and does not take into account your specific objectives, needs and financial situation. This information may not be appropriate to your individual needs. You should seek advice from your adviser before making any financial decisions.

    Fast Facts on Loans:

    Minimum and Maximum Period for Repayment2 to 12 months
    Interest Rates1 – 4% (per month) or 12 – 48% (Annual Percentage Rate) **
    Upfront Service FeesUp to 10% of the Value of Loan

    ** based on monthly reducing interest rate.

    Representative Example:

    Loan Amount$1,000
    Loan Period12 months
    Interest Rate for Loan4% per month (48% APR)
    Upfront Service Fee$100
    Repayment Period12 months
    Total Fees to Pay$378.62 (Includes Loan Interest and Service Fee) ***

    *** You will still need to pay back the amount borrowed. Late Payment interest (applicable if repayment is late) is excluded from this amount as well.


    Please note that LoanMatcher Singapore is a matching platform that works as an independent body to match borrowers to lenders with the most suitable offers in Singapore. As such we do not advertise for or represent any moneylenders.


    LoanMatcher Singapore

    At LoanMatcher Singapore, we are here to assist you by matching you with our trusted loan providers that will cater to your needs.

    We make sure that you will have a smooth and hassle-free process. Our team of loan matching specialists is committed to providing you with the solutions to your problems. They are trained professionally to advise you on suitable loans and answer all your queries.

    LoanMatcher Singapore is a portal that links potential client to a licensed loan provider that is registered with the Ministry of Law. Over the years we have helped thousands of satisfied clients address their problems and lighten their burden. We can help to match you to competitive loan offers with plans that are tailored to your needs.

    We are your trusted loan matching platform.



    LoanMatcher Singapore is neither a licensed moneylender nor a bank and we are not affiliated to any of the participating licensed moneylenders or banks that provide loan quotes to you. By submitting information to us, or signing up for services offered by us, you hereby authorise LoanMatcher Singapore to collect, use, disclose and share amongst ourselves your personal data, and disclose such personal data to our participating loan providers and/or any credit bureau, approved by Registrar of Moneylenders.