118 Credit - Legal Licensed Money Lender here to find the best loan for your situation

Unlock tailored, transparent loan solutions designed just for you — experience hassle-free service that puts your needs first. Apply online using Singpass Myinfo for a seamless process, with your form automatically filled in. Get approved quickly and access funds without unnecessary delays.
Its secure, fast and easy! Applications using Singpass Myinfo ensures fast approvals!

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Who We Are: Singapore's Trusted Best Licensed Money Lender Team

118 Credit is a legal, recognized and licensed money lender here in Singapore. Since 2010, we’ve been a trusted provider of comprehensive money lending services, offering quick cash solutions with personalized loan packages for Singaporean residents, businesses, and foreigners alike.

Our mission is simple: to provide fast access to emergency funds when you need them most. We understand the urgency of financial difficulties, which is why our borrowing process is designed to be seamless and stress-free—no endless paperwork or long waiting times. We prioritize your needs, ensuring that your loan is processed smoothly and swiftly, so you can overcome financial challenges with ease.

Flexibility is at the core of our repayment plans. Whether you need to align repayments with your specific payday or prefer structured monthly installments, we tailor our options to suit your financial situation.

Discover the difference with our client-focused approach to money lending — where your financial well-being comes first!

As a authorised legal money lender in Singapore, licensed and regulated by the Registry of Moneylenders Singapore under the Ministry of Law, we offer tailored loan packages that comply fully with the Moneylenders Act and its regulations. Our experienced and friendly team ensures a quick, transparent, and fair lending process, providing you with a hassle-free experience. Whether you need a personal loan, business loan, or any other financial assistance, we are committed to offering you convenient and reliable loan solutions in Singapore.

Refer to the official Ministry of Law advisory for borrowers here.

Licensed Money Lender Singapore

Get Your Loan in 3 Simple Steps

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Make an Application

Loan applications are done online in 3 easy steps, completed in 1 minute. By applying with Singpass Myinfo, loan approvals are even faster!

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Wait for the response

Once the application is received, loan approvals can be as quick as 30 minutes so stand by your phone!

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Collect the money

No hidden fees! Approval within 20 minutes with instant cash disbursement in our office!

Licensed Loan Agency in Singapore for all situations

At 118 Credit, we offer quick and reliable loan solutions tailored to your needs. As a licensed moneylender in Singapore, our process is simple, secure, and fully compliant with regulations, giving you peace of mind.

Life is full of unexpected expenses, and we understand that sometimes you need fast cash to manage urgent situations. Whether it’s funding a wedding, paying medical bills, covering tuition fees, or handling home renovations, we help you loan money in Singapore quickly and efficiently. Our office is conveniently located near Bugis, offering privacy and easy accessibility for a smooth borrowing experience.

Many banks impose lengthy approval processes with strict conditions, making it hard to secure funds. Worse, they may reject your application after weeks of waiting! At 118 Credit, we streamline approvals, ensuring that you don’t waste valuable time.

– Loan amounts up to $250K for both personal and business needs
– Fast approvals within an hour, so you get your money quickly
– Flexible repayment plans to suit your financial situation

Applying is easy with Singpass Myinfo — fill in your details automatically and get approved faster. Whether you’re a citizen, permanent resident, or foreigner, we provide a stress-free way to secure a legal loan in Singapore.

Here at 118 Credit, we also take great pride in ensuring our borrowers are 100% satisfied. 

We do not have any hidden fees and interest charges; we are completely transparent and ensure you fully understand any terms and conditions that come with loan repayment before you sign the loan contract.

Best Loan Agency Services in Singapore

  • Top recognized Legal Money Lender in Singapore since 2010.
  • Monitored and licensed by the Registry of Moneylenders Singapore.
  • Provide an extensive range of services.
  • Offer fast access to emergency cash in times of financial difficulty be it personal or business loan.
  • Friendly and experienced team offers fairness, convenience, transparency and quick responses. Read our Reviews!

There are numerous occasions when you may want quick cash loans for a sudden big purchase or to pay off large medical expenses. Given that Singapore has a high cost of living, it’s reasonable that you won’t have enough cash on hand to pay for some items. Many banks have a lengthy and convoluted approval procedure, including numerous terms, restrictions, and even loan approval charges. Worse, even after paying the processing costs, you could not be given the loan contract!

We at 118 Credit, a legal loan agency, also take great pleasure in ensuring that our borrowers are completely pleased. You’d best expect no hidden charges from us! We are entirely open, and we make sure you fully understand all of the terms and conditions before you sign the loan contract. Furthermore, we are licensed by the government. It is critical to obtain loans from authorised, licensed money lenders that are regulated by regulatory regulations.

Our company offers a variety of loan services such as short-term loans, payday loans, fast cash loans, wedding loans, and many more.

Our Loan Services – Find the Right Loan for You

Personal Loans

For those unexpected expenses, our personal loans provide a quick and easy solution. Get loan amounts up to $250K, with flexible repayment options and fast approvals.

Business Loans

Looking for extra working capital? Our business loans help companies manage cash flow, expand operations, or cover urgent costs — all with competitive interest rates and fast disbursement.

Foreigner Loans

New to Singapore and need quick financial support? Our foreigner loans are designed for expatriates and work pass holders who may not qualify for traditional bank loans. We offer fast approval, minimal paperwork, and customised repayment plans to help you settle in smoothly

Renovation Loans

Upgrade your home without financial strain. Our renovation loans provide affordable financing for home improvement projects with structured repayments that fit your budget.

Wedding Loans

Make your dream wedding a reality! Our wedding loans help you manage costs for your big day — venue, catering, photography, and more — with stress-free financing options.

Debt Consolidation Loans

Struggling with multiple loans? Our debt consolidation loans allow you to merge your debts into a single, manageable repayment, making it easier to stay on top of your finances.

Why Choose 118 Credit?

Approval within an Hour

You will receive approval of your application loan online within an hour. No more waiting for weeks of approval. Just fill out the loan application form for a quick turnaround.

Easy Application

With a simple application form, you can immediately apply for a loan with us! Unlike traditional banks, we only require proof of personal id documents and simple proof of income.

Legal Licensed Provider

There are many unlicensed money lenders such as loan sharks that take advantage of borrowers with ridiculously high-interest rates. It's crucial you only borrow from licensed money lenders, recognised by various government agencies and the Ministry of Law.

Low Interest Rates

Rest assured you can get past your financial difficulties because we offer one of the highest loan quantum with the best rates. You may contact one of our loan officers to get a quote and expect reasonable interest rates!

Best Provider of Licensed Money Lending Services since 2010

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Fast Cash Loan Approval for You!

We offer a range of different loan types based on your needs. It doesn’t matter if you have a bad credit history, or low-income, whether you are looking to fund a wedding or get the money to further studies overseas, 118 Credit has a loan package perfect for you!

Apply for a loan with Singapore's
best licensed moneylender!

The process is simple — just enter your basic contact information and the loan amount!

Customer Reviews & Testimonials

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FAQ

Here are some of our Frequently Asked Questions that we get from most of our clients. Do take some time browsing through and we hope you may find the answers you are looking for!
Yes your personal data is definitely safe when borrowing from 118 Credit! Here’s why:
  • Regulatory Oversight: Licensed moneylenders in Singapore are regulated by the Registry of Moneylenders under the Ministry of Law. They must adhere to strict guidelines and standards set by the government, which includes safeguarding personal data.
  • Data Protection Laws: Licensed money lenders like 118 Credit are required to comply with the Personal Data Protection Act (PDPA). This law mandates that they protect your personal data and use it only for the purposes for which it was collected. They must also ensure data is stored securely and access is restricted to authorized personnel only.
  • Privacy Policies: Reputable authorised and legal moneylenders have privacy policies in place to inform you about how your data will be used, stored, and protected. They are obligated to follow these policies to maintain your data’s confidentiality and security.
  • Secure Systems: Moneylenders in Singapore use secure systems and technologies to protect your information from unauthorized access or breaches. This includes encryption and other security measures.
    • 118 Credit incorporates an in-house cyber security system such as connecting via Virtual Private Network (VPN) and Singtel Broadband Security to secure and protect our network traffic by blocking malware and malicious websites with end-to-end cybersecurity web content filtering to prevent phishing attacks.


Update on 25 Jul 2024: We understand there were concerns regarding a data breach affecting 12 licensed moneylenders. 118 Credit wishes to emphasize that as the number 1 best money lender in Singapore,  we do not have any business nor do we have any data stored with the third-party IT vendor that was breached. Our operations and systems are unaffected.
You can check the List of Licensed Moneylenders in Singapore which is found in the Ministry of Law’s website. The list displays the business name, registered business address, landline number and the business URLs.

It is important to take note that your physical presence is required to secure a loan. Acquiring a loan through an online channel is against the law and likely indicative of a loan scam.

To recognise a loan shark and loan scam, licensed money lenders are NOT ALLOWED to:
  • Use Facebook Advertisements / WhatsApp Spam Messages / unsolicited texts or calls to entice a loan application
  • Disburse a loan without your presence in the office
  • Request any form of upfront payment before the loan disbursement
  • Stalk or threaten you and your family with danger
Stay vigilant against scammers posing as licensed money lenders on social media as 118 Credit do not operate on Facebook or Instagram.

According to the law, there are 4 charges that licensed moneylenders in Singapore are allowed to impose:

1. Up to 10% Administrative Fee (deducted upfront from your loan amount)

2. Up to 4% Interest Rate per month

3. Up to 4% Late Interest Rate per month

4. Up to $60 Late fee per month

It is highly recommended to apply for our loans on our website using Singpass Myinfo as the loan application will be populated instantly – Easy and Quick!

This helps to facilitate faster loan approvals and our loan representatives will contact you within 30 minutes.

Applying via Myinfo will assist our valued clients to steer clear of scams and to prevent phishing applications as 118 Credit is a Singpass Myinfo partner.

Have questions or doubts? Chat with us on WhatsApp with our friendly customer service

Take in mind that applying for a loan is a legal obligation.
You have to fully understand the terms and charges of the loan contract while our helpful loan consultants explain the loan agreement to you in the office.
Timely repayments are encouraged to avoid late fees and additional late interest charges.
Do speak with us to find out more!

As money lender companies are officially licensed, they are reliable money lenders that are legally allowed to lend you a quick financial solution. Should you need money urgently in Singapore, all you need to do is:

  1. head down to our office;
  2. fill up an application form;
  3. provide your personal details;
  4. submit necessary documents for proof;
  5. completely understand and sign loan contract – receive the loan instantly!

Licensed money lenders are generally fast, efficient and have minimum procedures where your personal loan application is processed on the spot! Based on a case by case basis, moneylenders in Singapore do not require an extremely tedious loan application process. After submission, a loan disbursement may be offered to you within 30 minutes!

Upon loan approval, the loan agreement will be explained by the loan consultants to ensure that all terms are understood and comprehended. Once you’ve signed the contract, receive your loan amount instantly either through Bank Transfer or Cash in the office!

Loan eligibility is dependant on your income. Licensed money lenders like 118 Credit are able to provide loans up to 6 times of your monthly salary to borrowers. Take note that this restriction is a shared regulation among all lenders.

There are some minor requirements:

  • You have to be at least 18 years old to apply for a personal loan
  • Singaporean or a Permanent Resident
    • Identity Proof (NRIC / Passport / Singpass Mobile App)
    • Income Proof (CPF / Notice of Assessment / Bank Statements)
  • Foreigners or expats
    • Valid Work Pass (Work Permit / S Pass / Employment Pass / Dependant Pass / LTVP with permit to work)
    • Proof of Address (Latest Phone Bills / Utility Bills / Tenancy Agreement)
    • 3 Months of Recent Payslips

As a rule of thumb, you should only borrow the amount that you need and ensure that you are able to commit to the monthly repayments.

Unsecured Loans:

  • If your average annual income or Notice of Assessment is less than S$20,000, you can borrow up to $3,000
  • If your average annual income or Notice of Assessment is at least S$20,000 and more, including Bonuses, you can borrow up to 6 months worth of your monthly salary

Secured Loans:

  • There are no restrictions by Law
How to calculate average annual income: [Sum of your recent 3 months salary * 4]
118 Credit offers monthly installment repayment plans for full time employed borrowers.



You can PayNow to our UEN at 201025247W
or pay by scanning this QR code

Yes, definitely! We highly encourage you to consider early loan settlements of our loans to save on interests.

There are no early termination fees or penalties!

Early loan settlements can be performed when you receive additional income/funds such as Annual Wage Supplement (AWS) Bonus, Performance Bonus, or Proceeds from Property Sales.

Only the full outstanding principal + prevailing interest for the upcoming repayment will be charged. The unused interest will be waived.

Note that pro-rata interest will not be considered.

Yes, definitely! At our money lending institution, we welcome applications if you have existing bank or moneylender loans or even a history of bad credit with the banks.

Unlike traditional banks that often turn away customers due to such records, we understand that financial setbacks can happen to anyone especially during COVID.

Approved money lenders has assessment processes that takes into consideration a broader range of factors beyond just credit history and credit scores, allowing us to offer personalised solutions as we evaluate and understand each case on a unique basis.

We believe in providing opportunities for financial assistance and a chance to rebuild creditworthiness!

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Best Money Lending Service 2023 - Singapore

Worldwide Finance Awards
118 Credit - Singapore

Most Trusted Money Lending Company 2023

Singapore Business Awards
118 Credit - Singapore

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