Trusted Licensed Money Lender in Singapore Legal Financial Support

Licensed moneylenders are legal entities authorised by the Registry of Moneylenders (Ministry of Law) to provide personal and business financing. To operate legally, a moneylender must hold a valid licence and strictly adhere to the Moneylenders Act, which protects borrower rights and regulates interest rates.

You should always check the official List of Licensed Moneylenders on the Ministry of Law (MinLaw) website. A legal moneylender will always have a visible licence number, a registered physical office for face-to-face verification, and will never solicit loans via SMS, WhatsApp, or social media.

Yes. United Credit is a fully licensed moneylender regulated by the Ministry of Law (MinLaw). You can verify our credentials on the official Registry of Moneylenders. Our professional office is located at Novena Regency on Thomson Road.

We provide a faster, more accessible alternative to traditional banking:

• High Approval Rates: We prioritise your current repayment ability over historical credit scores.
• Fast Digital Processing: By using Singpass MyInfo, you can receive an in-principle approval in minutes.
• Personalised Support: Visit our Novena office for a 1-on-1 consultation to tailor a repayment schedule to your monthly budget.

All licensed moneylenders in Singapore are legally capped at a 4% monthly interest rate.
United Credit maintains 100% transparency, strictly following Ministry of Law caps:

• Administrative Fee: A one-time fee of up to 10% of the loan principal.
• Late Fee: Capped at $60 per month.
• Late Interest: Maximum 4% for each month the repayment is overdue.

Loans from a licensed moneylender are recorded in the Moneylenders Credit Bureau (MLCB), not the Credit Bureau Singapore (CBS). While banks may see your total debt levels, making timely repayments to us can demonstrate financial responsibility.

In accordance with Ministry of Law regulations, the legal limit for unsecured loans depends on your residency and annual income:

No. Most of our loan products, including our personal and bridging options, are unsecured. You do not need to pledge assets such as your home or car. We rely on your proof of income and employment, making it a low-friction option for immediate financial support.

Yes. Foreigners holding a valid EP, S Pass, or Work Permit are welcome to apply. You will typically need to provide your passport, a valid tenancy agreement, and proof of employment or income (such as payslips or a bank statement).

Yes. We assess each application based on your total financial capacity and debt-to-income ratio. We will work with you to ensure that any new loan is manageable and sustainable within your current monthly budget.

We provide flexible tenures of up to 35 months. Whether you require a short-term bridge or a longer-term personal instalment plan, we can structure a schedule to suit your cash flow. You can apply online now to discuss a customised plan with our loan officers.

Yes. At United Credit, your privacy is handled with strict confidentiality. As a licensed money lender Singapore regulated by the Ministry of Law (MinLaw), all loan applications and personal information are managed securely and discreetly. We do not practise hard selling or share your details with third parties without your consent.

1. Verify the Licence: Cross-reference the lender’s name and licence number against the official Ministry of Law (MinLaw) list.
2. Physical Verification: Legal lenders are required by law to perform face-to-face verification at their registered business office before granting a loan.
3. Review the Contract: Never sign an incomplete contract. Ensure all interest rates, repayment schedules, and fees are clearly stated in writing.
4. Avoid Solicitation: Be wary of any “lender” contacting you via WhatsApp, SMS, or social media, as licensed lenders are strictly prohibited from advertising through these channels.

The biggest “red flag” is a request for an upfront payment before the loan is disbursed. A trusted moneylender like United Credit will only deduct administrative fees from the principal amount after approval. Additionally, if an offer seems “too good to be true” or avoids credit checks entirely, it is likely an unlicensed operator.