Experienced Licensed Money Lender & Legal Loan Company in Singapore
We are Credit Empire – Your Dedicated Private Money Lender in Singapore
As a legal money lender registered with the Ministry of Law’s Registry of Moneylenders, rest assured that all our loans are 100% lawful.
Our promise to you — we’ll never overcharge and will always provide clear, straightforward loan terms, plus solid customer service.
99% approval rate
Simple loan qualification criteria
Transparent interest rate & fees, always
Get cash within 30 minutes
Flexible loan repayment plans
Top-notch customer-centric service
Credit Empire, Your Trusted Money Lender in Singapore
Credit Empire can help if you’re looking for a quick, easy and affordable legal loan in Singapore. As an established and authorised money lender in Singapore, we strive to lend a helping hand to everyone who’s in need of a loan no matter their nationality or income level.
That’s precisely why any legal loan in Singapore that we provide is always carefully and fairly considered.
We don’t discriminate against borrowers just because they may be earning less than the median income earner in Singapore. We definitely don’t turn potential borrowers away just because they possess a lower-than-average Credit Bureau Singapore credit score!
Credit Empire is proud to be your reliable money lender in Singapore, always.
Contact us for a free,
no-obligation consultation today!
We’re delighted to assist in any way we can.
Perks of Our Licensed Money Lender Loans
- 3.92% interest & late interest rate: Our rates are lower than the 4% monthly permitted
- No hidden fees and charges: Standardised late repayment fee of $60 & loan processing fee at 10% of approved loan amount
- No collateral needed: Our money lender loans are unsecured loans
- Flexible repayment terms: Chat with us to help us learn more about how we can assist you; most customers pick a 12-month loan tenure
- 100% tailored loan packages: Your legal loan package is —and should be— as unique as you
- Borrow up to 6X monthly salary: We don’t shortchange borrowers when it comes to loan amounts
- 24 hours money lender loan application: Simply submit your application on our website anytime*
- Highly accessible legal loans: Singaporeans, Permanent Residents, foreigners and even discharged bankrupts can apply
- Bad credit score-friendly: We believe in second chances and are committed to helping you find a loan solution that fits your existing needs
- Maximum privacy and security: All customers enjoy private consultation areas in our office, and we employ industry-standard encryption to protect your personal information.
You’ll need to visit our office in-person with all necessary documents to complete your money lender loan application.
Undemanding Money Lender Loan Eligibility Requirements
Minimum age: 18
No minimum salary
No minimum loan sum
Employment status
- Full-time
- Part-time
- Self-employed
- Freelancers, etc
Documents required
- NRIC for Singapore Citizens and PRs, Passport/ Work Pass for foreigners
- Latest 3 months’ payslips
- IRAS Notice of Assessment or CPF statements (can be retrieved via Singpass)
- Residential proof such as utility bill or tenancy agreement (for foreigners only)
Easy Breezy Legal Loan Application Process
Getting a loan from a licensed money lender like Credit Empire is a piece of cake. Our money lender loan application is streamlined and effortless altogether. All it takes is a few simple steps!
- Apply for your money lender loan online & await our loan officer’s call to arrange for an in-person appointment at our office
- Meet our loan officer with all necessary documents
- Review and negotiate the loan contract; sign off on the contract if agreeable
- Receive your cash immediately
You may apply for a loan in-person at our office during business hours, too. Bring all your documents along with you for good measure!
Ready to get a legal loan?
Apply with Credit Empire now and get cash in your hands, pronto!
Reasons Why Credit Empire Is Your Reliable Money Lender in Singapore
Prompt, exceptional customer service and support
Whether you’d like to find out more about money lender loans in general or the nitty gritty details about borrowing from a licensed money lender, our knowledgeable and courteous customer service team is always here to help at any point of your loan journey — simply reach out via phone, email or chat.
What about online queries submitted through the Credit Empire website? It is our target to respond to these online queries once we receive them for we’re a notable online money lender in Singapore. Ask away without feeling apprehensive — no question is too small or trivial!
Crystal clear explanation of all loan terms and conditions
As a responsible money lender in Singapore you can trust, we ensure that our friendly loan officers give you a thorough rundown of all the loan terms and conditions in your loan contract so you get a full understanding of what you are signing up for.
We want to help you get the legal loan you need quickly, but not without first ensuring that you know the interest rates, fees, repayment schedules, monthly instalment amount, and penalties for late payments, etc.
Immediate loan disbursement after loan contract signing
We know how crucial it is for you to get your loan as soon as you possibly can in times of pressing need. That’s why here at Credit Empire, a quick money lender you can rely on, we offer immediate cash or PayNow loan disbursement right after you’ve reviewed and signed off on your loan contract. We’ll never want to cause a delay, ever.
Multiple repayment channels
We’re more than happy to make things as hassle-free and convenient for you as can be. As one of the top-rated private money lenders in Singapore, we offer several repayment channels for you to choose from — cash, bank transfer, and GIRO. Simply let us know your preferred mode of repayment.
Exclusive perks for returning customers
We are pleased to offer a myriad of exclusive benefits for our valued returning customers to thank them for their trust and support.
These perks include a much quicker loan process, higher loan sum, multiple loans, and more.
Secure online platform that grants customers online access and convenience
We value your time and privacy as much as you do. It’s why we have poured funds into making our online platform secure and convenient for you altogether.
Our secure online platform allows you to easily apply for loans, manage your account, and make payments. It is incredibly easy to use, too.
Drive to help customers make informed money decisions
While we are many folks’ preferred money lender in Singapore, we don’t just mindlessly offer loans. We also provide resources that guide our customers on making informed financial decisions (i.e. smarter money moves).
Whether it’s budgeting tips, understanding interest rates, or managing debt, we’re here to help you navigate the complex world of money matters.
Customer Reviews of Credit Empire, Singapore’s Trusted Money Lender
Behind The Scenes
How Credit Empire customises unique legal loan packages
Need a quick and wholly personalised legal loan in Singapore?
Apply for one with us today.
Frequently Asked Questions About Private Legal Loans in Singapore
What exactly are licensed money lenders?
Licensed money lenders in Singapore are legal, authorised businesses that provide loans to eligible individuals and companies. Each licensed money lender must possess a valid moneylending licence in order to operate. They must fully comply with all rules and regulations pertaining to lawful moneylending, too.
Are licensed money lenders in Singapore regulated?
Yes, licensed money lenders in Singapore are strictly regulated by the Ministry of Law’s Registry of Moneylenders. You’ll be pleased to know that licensed money lenders’ loans are fully legal, and bound by the contractual agreement between both borrower and lender.
Why should you borrow from registered money lenders instead of illegal money lenders when you need quick cash?
When you borrow from registered money lenders, you enjoy a suite of protection on top of the ability to get your loan quickly. Illegal money lenders are, well, illegal. You risk putting you and your loved ones’ safety and well-being on the line if you get tangled up with illegal money lenders like loan sharks.
Why do legal money lenders have such short turnaround times?
Legal money lenders have short turnaround times and are able to process and approve loan applications because of their streamlined process and minimal documentation requirements. If everything is in order, you can expect to get cash within 30 minutes!
Do licensed money lenders in Singapore conduct credit assessments?
Yes, as part of their due diligence process, all licensed money lenders in Singapore are required to do simple credit assessments to determine if a borrower is suitable for taking out a loan. Authorised money lenders look at the borrower’s Loan Information Report at the Moneylenders Credit Bureau, instead of their Credit Report at the Credit Bureau Singapore.
Do licensed money lenders have minimum income requirements?
No, licensed money lenders do not have minimum income requirements that you need to worry about. Money lender loans are very accessible.
Do licensed money lenders impose minimum loan sums?
Not really. You can simply borrow a small sum of money if that’s what you need. Ethical money lenders like Credit Empire will never encourage you to take out a larger loan than the sum you need, and can afford to repay comfortably.
What’s the loan amount you can expect when borrowing from licensed money lenders in Singapore?
There’s no hard and fast rule, really. But, for unsecured loans, you are limited to borrowing up to 6 times your monthly salary across all money lenders in Singapore at any point in time:
Customer’s annual salary
Singapore Citizens/ PRs
Foreigners
Less than $10,000
$3,000
$500
$10,000 to $19,999
$3,000
$3,000
$20,000 and above
6 times monthly salary
6 times monthly salary
Is it possible to get a money lender loan with a bad credit score?
Yes, this is possible. Licensed money lenders don’t put much focus on your credit score, unlike traditional banks and financial institutions. Instead, your ability to obtain a money lender loan is highly dependent on your current income and employment status.
Is it possible for foreigners to get a money lender loan?
Yes, foreigners who are working and living in Singapore can get a money lender loan so long as they are above 18, have a valid Work Pass, a consistent income stream, and can furnish us with all required documents that serve as income and residential proof.
What can you do to increase your odds of getting loan approvals at our legal loan company?
Here are some ways that may increase your chances of getting your legal loan approved at our loan company in Singapore.
Reduce debt-to-income ratio
Lenders often look at the debt-to-income (DTI) ratio to assess a borrower’s ability to repay the loan. Borrowers can improve their DTI ratio by paying down existing debts or increasing their income.
Provide documentation
Being organised and prepared with necessary documentation can make the process smoother. This typically includes proof of income, tax returns, employment verification, and any other financial statements required by the lender.
Consistent employment history
Lenders prefer borrowers with a stable employment history. Having a steady job for a significant period demonstrates reliability.
Avoid major financial changes
Before applying for a loan, avoid making significant financial changes, such as switching jobs, acquiring new debt, or making large purchases that could affect your financial stability.
Be transparent
If there are any issues that may raise red flags (such as past bankruptcies or low credit scores), you should be upfront about these issues and explain your circumstances.
Apply at the right time
Timing can play a role in loan approvals. For instance, applying when one’s financial situation is stable (e.g. after a pay raise) can yield better results.
What types of legal money lender loans does our loan company in Singapore offer?
Term loan
Bad credit loan
Bridging loan
Wedding loan
Fast loan
Monthly loan
Personal loan
Study loan
Debt consolidation loan
Payday loan
Renovation loan
Business loan
Do legal money lenders offer secured loans?
Some legal money lenders offer both secured and unsecured loans, while other legal money lenders like ourselves only offer unsecured loans. Unsecured loans are great as there’s no need for any collateral.
What’s the interest rate for Credit Empire’s money lender loans?
Credit Empire’s money lender loans have an interest rate of 3.92% monthly.
How are licensed money lenders’ loan interest computed?
Licensed money lenders’ loan interest is computed using the reducing balance method. All things equal, the total interest will be less than a loan that uses the flat rate method for interest computation.
Do all licensed money lenders have standardised fees and charges?
Not really. Licensed money lenders have the liberty to determine their fees and charges for their loan packages so long as these are within legal limits. Here at Credit Empire, we offer a standardised loan processing fee amounting to 10% of your principal loan amount, and a fixed late repayment charge of $60.
Is there a limit on the interest rates and fees legalised money lenders in Singapore can charge?
Yes. Authorised money lenders in Singapore can only charge an interest rate of up to 4% monthly for their loans, with the exception of business loans. The limit on late interest rate is also 4% monthly.
As for limits on fees, the maximum loan processing fee allowed is limited to 10% of the approved loan amount. Any late repayment fee that applies for the month the loan is repaid late is limited to a maximum of $60.
In addition, know that no matter how overdue a borrower’s loan repayment(s) may be, the total charges that can be billed to a borrower — comprising interest, late interest, late fees, and processing fees — are capped at the borrower’s principal loan sum.
Do licensed money lenders in Singapore all offer flexible repayment terms?
Yes, but the degree of flexibility may vary amongst licensed money lenders in Singapore. Most authorised money lenders offer loan tenures that go up to 12 months, while some may offer loan tenures as long as 24 months. Chat with us to learn how we can help you with your preferred tenure.
Are licensed money lenders’ loan terms straightforward?
We can’t speak for all licensed money lenders in Singapore, but here at Credit Empire, we strive to provide you with clear, straightforward loan terms at all times. We also make it a point to fully explain the loan terms and conditions to you so you’re aware of what the loan entails.
Can you visit a licensed money lender’s office on a public holiday?
Unfortunately, no. Licensed money lenders’ offices are not open on public holidays. Many legal money lenders like ourselves are closed on Sundays, too.
Can you pop into a licensed money lender’s office just to learn more about their services?
Absolutely. Feel free to drop by our office during business hours to learn more about our loan services or clarify any questions you may have. We’re here to help, and our consultations are non-obligatory!
Do legal money lenders in Singapore have fixed opening hours?
All licensed money lender offices in Singapore have fixed business hours. If a private money lender in Singapore claims that they can process and disburse your loan remotely, beware! It is not something that’s permitted under the rules and regulations that legal money lenders have to follow; you’re probably dealing with an illegal money lender.
Is Credit Empire a 24 hours money lender in Singapore?
Although our office isn’t open for business 24/7, you can treat us as a 24 hours money lender in Singapore as we are a reputable online money lender in Singapore that allows you to send in your loan applications (or queries) round the clock anytime, anywhere, 24/7. We’ll process your loan application and reach out to you as soon as we can.
Can licensed money lenders harass borrowers for payment?
Contrary to what some may assume, licensed money lenders in Singapore are not allowed to harass borrowers for payment at any point. They are free to send friendly payment reminders as deemed necessary.
What happens if our customer is unable to keep up with their loan instalments?
We pride ourselves on being your trusted money lender in Singapore. Do not hesitate to inform us the very moment you find yourself having trouble keeping up with repayments.
While the same cannot be said for all private money lenders in Singapore, Credit Empire is willing to take steps to mitigate the situation in the event that our borrower faces difficulties in repaying their loan instalments.
Here’s a quick look at what we can do within our loan company’s capacity:
Communication
We’ll typically reach out to you to understand your situation. This could involve phone calls, emails, or letters.
Grace Period
We may offer a grace period after a missed payment during which you can safely make the payment without facing penalties.
Restructuring Options
We may provide options to restructure the loan, such as extending the payment term or temporarily lowering instalment amounts to make repayment more manageable.
Payment Plans
In some cases, we may let you set up a modified payment plan that accommodates your financial situation.
Can legal money lenders take borrowers to court?
Yes, legal money lenders have the right to initiate legal proceedings and take borrowers to court in the name of pursuing debts owed by borrowers. However, this is utilised as a last resort. Most money lenders prefer to negotiate repayment plans and/or restructure borrowers’ loans for good measure first.
What do customers value most about us as their legal money lender?
Our customers appreciate our high-quality legal loan offerings that meet or exceed their expectations. They are also mighty pleased with the responsive, helpful, and friendly customer support we’re able to consistently provide.
That’s not all. Our customers rank us highly for being reliable, plus they greatly value the easy access to our legal loan offerings, both in-person and online.
Can you lodge a complaint against a legal money lender?
Yes, you can. If you encounter harassment, intimidation, violence, verbal abuse, or unfair practices or loan terms, do not hesitate to report the legal money lender — the Registry of Moneylenders will investigate and take appropriate action.