Licensed Money Lender Singapore

Accredit® as a money lender Singapore offers flexible loan options catered to individual needs, including personal, business, and even foreigner loans. We focus on fast, transparent service while ensuring compliance with Ministry of Law guidelines. Borrowers can expect straightforward terms and a secure application process in Accredit®.

We offer unique loan packages that are designed to meet the specific financial needs of various income groups. We understand that every borrower is different, and we tailor our loans to provide the financial help you need with flexible repayment terms.

To apply for a loan, ensure you meet the following:

Proof of Income: Provide salary slips, bank statements, or tax returns to show your repayment ability.

Supporting Documents: Submit ID, employment details, and other required paperwork with your loan application.

Credit History: Some lenders may check your credit score to assess eligibility.

Terms and Conditions: Study the lender’s terms and conditions carefully, including penalties for late or early repayments.

Loan Contract: Once approved, sign the loan contract outlining the amount, repayment schedule, and interest rates.

Meeting these criteria helps ensure a smooth loan application process.

Singapore Citizen

• NRIC
• CPF Contribution Statements
• 3 months payslips

Foreigner

• Work Pass
• Proof of Address
• 3 months payslips

Accredit®’s loan disbursement  process is designed to be quick. Once you submit your application, our team will immediately reviews your application. If everything is in order, you can expect fast approval and fund disbursement, often within 1 hour.

Yes, even if you have a low credit score or outstanding loans, we will consider your application based on your current financial stability and ability to repay.

Here are the key aspects to consider:

Repayment Periods: We offer flexible repayment plans based on your financial situation.

Monthly Installments: Loans are typically repaid through monthly installments, which include both principal and interest. We will ensure that the amount fits within your budget.

Late Interest Payment: If you miss a payment, late interest payment charges may apply. These are typically calculated on the overdue amount and can increase your total cost.

Late Repayment Fees: In addition to late interest, we may charge late repayment fees as a penalty for missed payments.

Restructuring: You can have the option to restructure the loan if you're struggling with payments. For more info, please visit to out debt consolidation page.

After approval, Accredit® will guide you through the disbursement and repayment schedule, ensuring you understand all terms and conditions clearly. To ensure transparency and borrower protection following strict guidelines regulated by the Ministry of Law (MinLaw), here's the step-by-step guide of the process from loan approval till loan settlement:

1.  Loan Contract Signing: We will provide loan contract for outlining the loan amount, interest rate, and repayment terms.
   
2.  Loan Disbursement: Once the contract is signed, we will disburse the loan amount, typically within 1 hour. The disbursement can be made through various methods, such as cash, PayNow, or bank transfer, as agreed upon by both parties.
   
3.  Repayment Schedule: A repayment schedule will be provided, and we will issue receipts for every payment made.
4.  Ongoing Communication: Throughout the loan term, we will keep in touch to ensure smooth repayment.
   
5.  Loan Settlement: Upon completion, we’ll issue a final statement confirming the loan has been fully settled.

Accredit® is a registered licensed moneylender with the Ministry of Law in Singapore. Always check the official registry or ensure that the lender follows legal rules and regulation and transparent interest rate practices. To read the List of Licensed Moneylenders in Singapore, You may check the list at here.

At Accredit®, we understand that taking a loan is a big decision, and we’re here to support you every step of the way. Unlike some lenders, we don’t charge the maximum interest rates allowed. While the Ministry of Law caps interest rates for licensed moneylenders at 4% per month, we go a step further to offer you the best possible rates, tailored to your needs.

We also keep our fees transparent. While some may charge an upfront administrative fee of up to 10% of the loan principal, we work hard to ensure that our fees are fair and competitive. Plus, if life gets in the way and you miss a repayment, rest assured that any late fees are capped by law—no hidden surprises.

With us, you can feel confident knowing you’re getting a great deal, with rates and fees that work for you. We’re committed to providing financial support that’s fair and accessible for you.

Accredit® provides an easy way to track your monthly repayment schedule through our online platform or mobile app. This application allow you to view your upcoming payment dates, amounts, and any outstanding balances, ensuring you never miss a payment. You can set reminders or notifications to stay updated on due dates. Additionally, our platform offers a clear breakdown of the repayment terms when you apply for the loan, helping you stay on top of your finances with minimal hassle.

Yes, your personal data is safe when borrowing from licensed moneylenders like Accredit® , as we follow strict legal guidelines and adopt secure practices to protect your information. In fact, Accredit®’s commitment to data security is aligned with national initiatives like the SG Cyber Safe Programme by the Cyber Security Agency (CSA) of Singapore. Under this program, businesses can obtain the Cyber Essentials certification, which ensures that an organization implements key cybersecurity measures to protect sensitive data.

By adhering to such frameworks, Accredit ensures that our systems are robust and secure, protecting against threats like identity theft, unauthorized access, or data breaches. This certification demonstrates a proactive approach in securing your personal data and complying with both Personal Data Protection Act (PDPA) requirements and cybersecurity best practices.

Yes, you can also calculate your desired loan amount and find out your estimated monthly instalment and total instalment amount at Loan Calculator.

You may also refer to this loan table:

• Loan Amount: $5000
• Term (Monthly): 12
• Interest Rate (Monthly): 1.12%
• Monthly Installment: $444.24
• Total Interest Paid: $330.88
• Total Repayment: $5330.88

**Note: The provided calculation is for illustrative purposes only and may not reflect actual loan terms and conditions. Interest rates, fees, and other factors can vary depending on individual circumstances. Accredit® shall not be responsible for any loss or damage arising directly or indirectly from the use of or reliance on the information provided.