Call our hotline at +65 8249 1360

We’re here to ease your short term, urgent cash flow needs. So, if you’re short of cash due to an unexpected bill, emergency or opportunity you can’t miss, we could help. We know life doesn’t always go to plan, so we’ve made our service as flexible as possible.

To get it started, simply just fill out the form as shown below or call our hotline. Our representative will contact you for verification and request for additional information if required. All information provided will be kept confidentially.


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OUR Expertise and SERVICES

Personal Loan

Need cash for an Emergency? Do you need a cash advance today, but you do not get your next paycheck until a week? No problem, apply now for the money you need and get it today. CitiLoan8 is the easiest way to obtain a cash advance with no hassle and no credit checks

Payday Loan

A payday loan is a personal loan obtained from a cash advance service that lends borrowers money without them having to complete a credit check. Payday loans must be paid in full by the due date but they are a convenient way for people who are short on cash to receive a cash advance from

Business Loan

We are all aware of the current state of the economy and how it is becoming more and more difficult for businesses to stay afloat, especially with many businesses going under on a daily basis. With that being said, you may find that your company is in financial trouble at one point during your career

Fastest loan approval for today competitive business environment.

We are one of the Licensed MoneyLender in Singapore that provides various of loan assistance that can be tailored to your needs.

  • 08

    Years Experience

  • 25K

    Happy Customers

  • 100%


3 Easy Steps to Fast Cash

Step 01

Loan Application

Apply for a loan in the following ways:

(1) Call or Whatsapp Us
(2) One minute online application

Step 02

Approval and Sign-off

We will give you a call to arrange for
an appointment at our office with all
the necessary documents. Once your
loan is approved, the loan agreement
will be handled to you for sign-off.

Step 03

Receive the Cash

Upon loan agreement sign-off, our loan
officers will issue the cash or cheque to you
right on the spot. We know you need cash fast.
If you have any questions, feel free to have a
live chat with us.


Their loaning is very quick and easy to set up first time. When ever I was short on cash, I was able to take out a quick loan within minutes and pay back within my promise date. No hidden fees and I was able to borrow on top of what I had already borrowed.


This is a money lender who lends responsibly. I was approved the amount I required but they advised me to take less if I don’t really need so much and offered options for early repayment to save on interest. Definitely professional.


I needed to pay for my child’s tuition but with the car suddenly breaking down, I used up all my cash. BSTCreditt came to my aid when I needed funds badly. Processing is fast, and I got the cash I needed on the same day I called!

Andy Cheung


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Licensed Money Lender in Singapore - DEFINITIVE GUIDE

When you need money fast, you could get a loan. There are a number of licensed money lenders in Singapore who can access funds for you, whenever you need it.

In times like these, the amount of money you have set aside for emergencies might not be enough.

While some people will go to a bank for a loan, not everyone is eligible or has the time to sit and wait for application processing. Thatís where online loans from a licensed money lender can help.

BSTCreditt is an unbiased, private money lender in Singapore that has received recognition from the government.

Our aim is to make online loan applications quick, simple, and hassle-free. But you might have questions about licensed money lenders, what you can expect, and how you get your money.

Weíre going to answer those questions and more.

Table of Contents

What is a Licensed Money Lender
What are the differences between Licensed Money Lenders & Loan Sharks?
What are limitations of a bank loan?
How do I apply for a loan?
Why should I use BSTCreditt ?
Money Lender FAQ

What is a Licensed Money Lender?

A money lender is a firm or a business that can give you a hard cash loan quickly. Licensed money lenders can claim the title ìlicensedî when they register with the Ministry of Law and uphold the rules that have been outlined in the Moneylenders Act.

Legal money lenders†in Singapore can provide you with a quick cash loan that is less strict with requirements than a bank. Money lenders will not extort you.

Here are some guidelines outlined in the Moneylenders Act:

  • Regardless of your annual income, your interest rate is to be calculated by the Reducing Balance Interest Rate, meaning you will be charged a maximum of 4% per month.
  • The only fee a private money lender can charge the applicant is 10% of the principal loan amount as the administrative fee. The fee will be paid immediately when youíve received your loan.
  • Late repayment fees cannot be more than S$60.
  • Interest on late payments can only be added to repayments that remain unpaid. It cannot be charged to payments you have already made.
  • The cost of borrowing†- including administrative fees, interest charges, and late payment fees†- cannot exceed the total cost of the principal loan you receive.

If the money lender doesnít follow these guidelines, then you shouldnít work with them.

What are the differences between Licensed Money Lenders & Loan Sharks?

Despite the laws and regulations about money lending in Singapore, loan sharks and illegal money lenders are still around. You must be careful when borrowing money.

Always look for money lenders that are licensed and registered. Licensed money lenders have to meet the requirements that are listed above and have to undergo scrutiny from the Ministry.

Any business that doesnít meet these requirements cannot be licensed.

Legal money lenders are going to make sure that you have read and understood the terms and conditions outlined in the application.

Terms and conditions are crucial to the contract and state how much you are eligible to receive, the interest rate, your repayment plan, and any applicable fees. These things shouldnít be hidden in the contract.

Furthermore, you are only supposed to pay the money lender 10% of the principal. Loan sharks will often require a much higher payment and will have outrageous penalties for late payments.

Here are some characteristics of Singapore loan sharks:

  • The lender asks for your SingPass ID and password
  • Asks you to sign a blank Note of Contract
  • Gives you a contract without explaining the terms and conditions
  • You donít receive a Note of Contract copy
  • Withholds information from you
  • Withholds any amount of the principal from you without reason
  • Advertises by sending SMS or calling you directly
  • Automatically approves you for a loan without having you go through the entire application process

Any lender that does the above is not to be trusted. Report them immediately. You can contact the Registry at 1-800-2255-529. The Registry will never disclose the details you provide to the money lender without your consent, so you can always make an anonymous call.

What are limitations of a bank loan?

You might be considering going to a bank for a personal loan. Banks offer several kinds of loans that might be better suited to your situation, especially if you need a lot of money or a longer period of repayment. Banks are also governed by a different set of laws that are outside of the†Moneylenders Act.

The limitations of a bank loan are based on three things:

  • How long can you wait for a loan to be processed and approved?
  • How much paperwork do you want to fill out?
  • How good is your credit history?

If you want to take out a moderate-sized loan and want to pay it back within 3-5 years rather than 3-5 months, then a bank loan is better for you.

However, if you need money now to cover emergency or unexpected expenses, a personal loan from a money lender is the better choice.

Bank loans are more difficult to get for those without unestablished or poor credit scores, as well.

Meanwhile, a loan from a money lender can help you get a credit score or even make your credit score healthier, if you pay everything back on time.

How do I apply for a loan?

Borrowing money from a private money lender in Singapore should be easy and quick†- but are you still required to present some information during the application process.

In order to receive a loan, you will need to have the following documents and items:

  • Proof of residency or a tenancy agreement†- must contain name, address, and date
  • Identity card or NRIC
  • Employment letter or proof of employment
  • 3 months pay slip
  • Legal lending age of 21 years old

Foreigners are also welcome to apply for personal loans from money lenders with the following:

  • A work permit or work visa
  • Passport
  • Proof of employment (Singapore citizens and permanent residents are required to make more than S$20,000 per annum for eligibility)
  • Proof of residence or a tenancy agreement
  • Recent statement of an account to prove financial stability (foreigners are required to make more than S$30,000-40,000 per annum for eligibility)

If you have faulted on a loan in the past, this may impact your eligibility for a loan, particularly a bank loan.

Please consult with a money lender to learn more about your options.

With BSTCreditt, you can apply any time online, whenever you need money fast. The application takes less than 10 minutes to complete, and if you send the application during business hours, a representative will contact you in less than 30 minutes.

Once everything has been verified, you will have the funds disbursed to your bank account within 1-2 business days, depending on the speed of the entire procedure.

Why should I use BST Creditt?

When it comes to a trusted and reliable money lender in Singapore, you donít need to scour the internet to find the right one. Youíve already found BSTCreditt, one of the best money lender in Singapore.

With BSTCreditt, you will find competitive rates and a simplified application process. We are devoted to helping you make the best financial decisions to help you through difficult times, and we adhere to the regulations outlined in the Moneylenders Act.

Therefore, you can enjoy an honest and trustworthy private money lender in Singapore without fear of extortion.

BSTCreditt offers a service that is reliable. The application takes less than 10 minutes of your time to complete, and it is available online.

This is much simpler than applying with a bank, were you need to fill out hundreds of forms and wait weeks for a response.

Once you have provided us with the initial information, one of our professional team members will look over your application then contact you to discuss your options.

If everything goes well, and we receive all the correct information, your funds will arrive to your bank account in 1 business day. You will never have to wait for your personal loan.

Our rates are competitive. Our service is thorough. Our team adheres to a code of ethics that ensures you receive spectacular customer service and transparency.

Best of all, we work fast, so you can get back to living your life.

All the information you need about our business is available online, but if you ever have any questions about personal loans, money lending, or about us, give us a call or send us a message. Weíll get back to you as soon as possible.

Money Lender FAQ

Do you still have questions about licensed money lenders and personal loans?

Here are some frequently asked questions to help you.

What should I consider when taking up a loan with a money lender?

Before approaching a money lender, you should always verify that they are licensed. Look at their websites and storefront to ensure that they are a registered operation and will adhere to the guidelines set forth by the Moneylenders Act.

Remember to look over the contractual terms that are in the application and any Note of Contract you sigh. You will need to consider your financial situation, job stability, and other obligations that could impact the repayment of the loan.

Borrow only what you need and are fully capable of repaying. If you donít know what amount is appropriate, please consult with your money lender. They will be able to advise you.

What does the law require of money lenders?

Money lenders in Singapore must be licensed and registered with the Ministry of Law in order to call themselves legal.

However, there are still many unlicensed, illegal money lenders in Singapore. If any information is unclear or kept from you, do not enter into a contract with that group.

Always ensure you fully understand the terms and conditions of a contract and that the money lender explains everything to you, including the repayment schedule, interest rate, and any fees that are applicable.

What is the interest rate that money lenders can legally charge?

As of 1 October, 2015, the maximum rate for interest that money lenders can charge is 4% per month. The amount is determined by your income and whether you take out a secured or unsecured loan.

If you fail to pay one installment, or if you fail to repay the entire on time, the maximum rate that you can be charged is also 4% per month.

You will also never be charged more than S$60 for a late repayment. That late fee or any interest will never be added to a payment that is already made. All interest only applies to the amount of money you still owe.

What are fees that money lenders might charge?

From October 2015, money lenders can only charge you the following:

  • A fee that is less than or equal to S$60 per month for late payments;
  • A fee that is less than or equal to 10% of the principal (the money youíre borrowing) when the loan is granted;
  • Legal costs ordered by a court for a claim by the money lender if you are delinquent on repayment.

What should I do once I have been granted a loan?

Once you have funds disbursed to your bank, you are free to use that money however you wish. However, you need to double check the following:

  • Ensure the money lender delivers the correct amount of the loan with their 10% charge removed. That is the upfront deduction allowed. For example, if you take out $10,000, the money lender will remove $1,000. You would receive $9,000 in the bank.
  • Start to pay back the loan in installments as required. Avoid incurring late fees.
  • Keep the receipts that the money lender issues you. You should receive a receipt with every fulfilled repayment.
  • You should receive a statement of account for all loans you have taken out in January and July every year. Check the statement for correctness.

If you have questions that werenít answered in the FAQ, or if you would like to get started on your online loan application, please contact us today.

Being one of the best money lender in Singapore that open even on Sunday,† BSTCreditt is making acquiring a online loan easier than ever. Our team is on stand-by and is happy to help get you the money you needófast.


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