Authorised Money Lender in Singapore Since 2010

Yes. You can apply by walking in at our Chinatown office or by calling us at +65 6238 1018

You may always loan up to 6 times your monthly income with an annual income above $20,000. Licensed money lenders in Singapore allow you to borrow much more above your income if you apply for a secured loan (with collateral).

Your loan amount will depend on the legal requirement and your qualification. Here’s the list of loanable amount 101 Credit offers:

Personal Loan – SGD $500 to $50,000

Foreigner Loan – Up to SGD $30,000

Yes, the maximum amount you can borrow will be different from one lender to another. For example, banks in Singapore offer higher lending amounts but have stricter requirements. Disbursement of cash takes time because these lenders have more rigorous evaluation processes before releasing the money.

Licensed moneylenders, on the other hand, can offer quick access for people in need of funds quickly. They have low interest rates that are comparable to other companies that provide such services.

Bad credit history can cause you to miss out on potential opportunities. For instance, when applying for a loan or other type of financial assistance from a bank it may be rejected due to your low and/or poor scores.

Fortunately, 101 Credit is here as an expert legal money lending agency in Singapore that will assess your situation responsibly while considering the improvement of your current status.

That said, if you have a low or bad credit score, don’t worry! Your options are still open. You can take out monthly installment loans to manage your finances and pay off debt quicker rather than taking on any more interest charges with high interest rates. Just be sure to ask our specialists about the best loan for your needs before proceeding so we can chat through all of your different possibilities together!

Yes, it is safe, as long as you’re borrowing from a licensed money lender approved by the Ministry of Law. These lenders are strictly regulated under the Moneylenders Act, which ensures all loan practices are fair, transparent, and within legal limits.

Licensed moneylenders must follow clear rules on interest rates, fees, and repayment terms to protect borrowers from unfair treatment. You’ll always receive a loan contract outlining all costs upfront, with no hidden charges.

Before applying, you can verify a lender’s credentials through the Ministry of Law’s Registry of Moneylenders to ensure you’re working with an authorised provider like 101 Credit, a trusted name offering secure and transparent financial solutions in Singapore.

The amount you can borrow from a licensed moneylender in Singapore depends on your income level and residency status.

If you are a Singapore citizen or Permanent Resident, you can typically borrow:

– Up to six times your monthly income if you earn $20,000 or more annually
– Up to $3,000 if you earn less than $20,000 a year

For foreigners residing in Singapore, the limits are generally similar, based on verified proof of income.

These rules are set by the Ministry of Law to ensure responsible and fair lending practices. Before applying, borrowers are encouraged to assess their repayment capacity and choose a licensed moneylender that offers transparent terms and a flexible personal loan plan that best fits their needs.