There are many licensed money lenders in Singapore. But are they all equally good? Are they all equally reliable? How do you know which money lender is good and which isn’t? Basing on their reviews is one way, but how about those who have mixed reviews? Should you listen to the positive reviews or the negative reviews?
Let us help you with that problem. Legal Loan Singapore is a website set up specially just to help you find the reliable money lenders to help you when you are in need of cash. We used to have a small team of people working on finding you the best money lenders. Right now, we have expanded our team to a strong 20 people!
The reason why we need that many people is due to one reason and one reason only. It is because we are constantly sending teams of people out every day to survey different money lenders. When we do a survey it isn’t just visiting the location once and that’s it. We spend days, sometimes even weeks monitoring a single location. We spend so much time because we want to make sure that any license money lender that we recommend is 100% reliable. The team at Legal Loan Singapore understands your pain of having to search high and low for cash. We do not want to add on to your frustration by recommending bad money lenders. As such, when we do find a money lender that seems to be somewhat good, we will immediately schedule for more visits over the course of a few days to a few weeks.
Our surveyors also known as mystery shoppers have been known to be very professional in their ways of surveying. It isn’t just going down and applying for a loan. They even come up with different scenarios and situations to act out and see how the money lender will react. Some of them have even gone as far as taking a loan themselves to find out more about how their debt collection works.
With so much time and effort spent into this, we have managed to short list a few money lenders in Singapore, that are right now at the top of our list.
1. 1st LG Credit Pte Ltd fka Lekshmi Moneylender
1st LG Credit Pte Ltd – License Money Lender in Lucky Plaza, Orchard
Formerly known as Lekshmi Moneylender, 1st LG Credit Pte Ltd started out in the famous 25 Norris Road Singapore 208267. Lekshmi Moneylender was licensed by the Ministry of Law in Singapore to operate as a money lender since 1991.
Since 1991, Lekshmi Moneylender has helped countless of Singaporeans especially Foreigners obtain cash quickly. Their management understands that it is not easy for people to survive in this day and age. Thus they always do their best to assist people when they are in need of money.
Lekshmi Moneylender has rebranded themselves and are now known as 1st LG Credit Pte Ltd. They have also shifted their office to a more convenient location! They have move their office to 304 Orchard Road #02-29 Lucky Plaza Singapore 238863. Less than 5 minutes walk away from Orchard MRT station. Furthermore, there are so many nice food and restaurants around there.
With a more central location, 1st LG Credit Pte Ltd has been able to help more people and their cash problems. They are one of the few money lenders open every single day of the week, except for public holidays.
Their opening hours are Monday to Friday 11 AM – 8 PM, Saturday to Sunday 9 AM – 5 PM. We doubt there is any other money lender open that early on the weekends! They are definitely one of the best money lender in Orchard! If you are unable to find them, you can call them at +65 6299 6654 to ask them for directions.
2. 1st Credit SG Pte Ltd fka Ariksha Moneylender
1st Credit SG Pte Ltd – Best Moneylender in Bugis, Singapore
Also formerly known as Ariksha Moneylender, 1st Credit SG Pte Ltd has been a legal and license money lender since 1989. Being in this industry for more than 25 years, 1st Credit SG Pte Ltd has wonderful experience in managing and providing loans.
Previously located in 238A Serangoon Road Singapore 218085, they are now at 149 Rochor Road #01-07 Fu Lu Shou Complex Singapore 188425. The nearest MRT to their new location is Bugis MRT station.
So many years of experience has allowed 1st Credit SG Pte Ltd to be able to create newer and better loan packages for people looking for fast cash. This is because their experience has allowed them to understand peoples’ needs better. With a brand new image, they have also brought along a fresh new perspective on how to help people and their problems.
If you are looking for a loan in the Bugis area, you can be certain that they are one of the best money lender in Bugis. They are also another money lender that is open every day of the week except on public holidays. Opened from Monday to Friday from 11 AM to 8 PM and Saturday to Sunday from 12 PM to 5 PM.
Unable to reach their office before they close? Give them a call and inform them! Their number is +65 6266 5422 If it isn’t too late, they are actually willing to keep their doors open for you! This is surprising to us as well because we did not expect them to be so accommodating!
3. Best Credit SG Pte Ltd fka Cing Dien Credit
Previously known as Cing Dien Credit, they have rebranded themselves as Best Credit SG Pte Ltd. Best Credit SG Pte Ltd is one of the oldest and longest money lender in Singapore’s history! Licensed to be a money lender since 1985, Best Credit SG Pte Ltd has obtain the approval from Ministry of Law to continue operating as a license money lender for the last 32 years!
That is a huge accomplishment due to the fact that Ministry of Law is very harsh and strict on license money lenders in Singapore. A minor mistake can see your license suspended. A major mistake can result in the revoking of your license. When that happens, you may not even have the chance to reinstate it. Neither are you able to apply for a new license because the Singapore government is no longer issuing money lender’s license!
Thus to be able to retain their license for so long, Best Credit SG Pte Ltd must be doing something right! And indeed they are! After the observations from our surveyors, we can tell that Best Credit SG Pte Ltd truly cares for their clients. They provide not only loans but also advice. In addition, they even recommend their customers to make the repayment early so that lesser interest will be incurred. I mean, come on! Are there any other money lenders out there doing the same thing?!
Unlike the other 2 money lenders above, Best Credit is located in the heartlands. Their address is Blk 372 Bukit Batok Street 31 #01-374 (Level 2) Singapore 650372. To reach their office, you can take the train to Bukit Gombak MRT Station and their office is directly opposite! Still can’t find their office, call them at +65 6272 5538 for assistance. They are the best licensed money lender in Bukit Batok and Bukit Gombak area!
Opening hours are Monday to Friday 11 AM to 8 PM, Saturday to Sunday 12 PM to 5 PM. Yep! You read that right, another licensed money lender that is open 7 days a week, except for public holidays! I guess you are sensing a trend right now 😉
4. Quick Credit Pte Ltd
Quick Credit Pte Ltd – Best Money Lender in Jurong
License money lender in Singapore, Quick Credit Pte Ltd received their license in 2002. This means that this is their 15th year in operation! Based on their online reviews, we can see that they are one of the few money lenders in Singapore who receive a lot of positive reviews from their clients. Definitely the best money lender in Jurong!
Their office is located at 2 Jurong East Street 21 #04-01A IMM Building Singapore 609601. The nearest MRT to their office is Jurong East MRT station. And yes, they are another money lender that is open from Monday to Friday 11 AM to 8 PM and Saturday to Sunday 12 PM to 5 PM. Can’t find them? Call them at +65 6899 6188 to ask them for directions!
Over the years, Quick Credit has helped countless of people overcome their hurdles. Without the help of Quick Credit, many people will not be able to solve their cash problems. Their experience in this field has led to them creating some of the most creative solutions to solve your problems.
One of the solution they came up with is a customisation plan. Allowing you to customise your loan contract! This has help their clients greatly because it ensures that they are able to make the necessary repayments on time. They have taken the extra effort to ensure that their clients are comfortable with their loan package.
As you can see, we have listed money lenders who have been in this field for a very long time. Time is one of the good indicators because keeping your license is not an easy feat. In addition, they have had raving reviews from their clients! Furthermore, they are all located near to MRT stations and open everyday of the week!
Legal Loan Singapore
Legal Loan Singapore is still in the process of reviewing all the license and legal money lender in Singapore. Even if we have finished visiting all the money lenders in Singapore, we will still revisit them to ensure that they still maintain their quality of standards.
We aim to be the best money lender review site you will be able to find in Singapore. If you have anything to tell us, please feel free to contact us. We will love to hear from you! If you need a faster response from us, you can call us at +65 6871 4268