Licensed Money Lender in
Singapore
Located in City Hall | Open Monday - Sunday
License Number 102/2020
Providing financial assistance since 2009
Honors and Achievements
Choose Your Loan
Our aim is to give you the money you want, when it’s needed, whether you have a sudden emergency that has set you back financially or if you want a boost to help kick start your future plans.
No Hidden
Fees
30 Mins Loan
Approval
Flexible
Repayments
Get loan in 4 quick steps
Call or apply online
Call us at 6588 1886 or simply apply by filling up our loan application form and we will set an appointment at your convenience.
Visit our office
Come in for an appointment and we will work with you to create a customized plan that will fit your needs and repayment ability.
Finalize Loan Plan
Your contract will be generated after you're comfortable with the plan. All payments and permitted fees will be reflected clearly in the contract.
Receive Cash Instantly
Once the contract is signed, you will receive your cash loan instantly!
GM Creditz: Best Licensed Money Lender Monthly Installment Personal Loan Singapore City Hall
111, #01-41 North Bridge Road, Peninsula Plaza
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a week ago
My 3th time here they very helpful and friendly.. too I will recommend my friends here if they need any loan in future. -
2 weeks ago
Kim Tan is really helpful towards my request. very patientlly. nice service staff person. excellent services -
2 months ago
They are the best legal loan provider in Singapore. If anyone need any personal loans, look no further, GM Creditz is the best licensed moneylender. Thank you GM Creditz. -
4 months ago
The best licensed moneylender in Singapore. I am very thankful for their help. Good and recommended service, -
a month ago
Kim Tan is good consultant. She assist my friends in details on her enquiry. She is friendly and helpful. -
2 months ago
Been here for quite sometimes.. very friendly staff and will explain to u in details.. well recommended -
4 months ago
Helpful and knowledgeable staff (Daniel and Kim). Friendly and will take time to explain the procedures properly and advise eligible loan plans and payments accordingly and within your means. -
5 months ago
There are many money lender company out there but only a few can make it top and GM Creditz is definitely one of the most reliable one. Great experience. Good service. Good listening ears. Build relationship with customer. I been there a few times and all the staff there were friendly. Talk to them about your loan and i'm sure they will be able to advise you without judging you on your current … More financial status. -
5 months ago
I was serve by Ms Kim Tan. Friendly and good service. She understands my situation and provide me a win win solution. Keep it up. Thank you for your help. -
a month ago
Very reliable company . Kim Tan is professional . She is very polite and very customer oriented..
Explain to u in detail and cater to ur needs as much as possible. -
a month ago
Efficient and pleasant transaction with GM Creditz. They are reliable and are able to work out a suitable and affordable payment arrangement for you. -
2 months ago
Every transaction is smooth. The staff are very accommodating and kind. The company has always been considerate. Best one! -
3 months ago
Staffs are very friendly and patient when explain. very detail before proceed to next step. Thank you for your help really appreciate it! Keep up the good work👍👍 -
2 months ago
I always have pleasant conversation with the staff. They are very accomodating. I trust their security on personal data. Very compliant on governement policies. Highly recommended. -
3 months ago
I was attended to by Ms Kim who was soft spoken and very helpful. She explained everything carefully and answered all my questions patiently..I liked the friendly vibe and small talk in between.. will definitely go back if i ever need a loan! Thank you all! -
a month ago
Cassie Teo is very friendly and accomodating. Fast and flexible in processing. Never expected to be catered well with her kind gesture. Everything was in ease.
Loan FAQs
Get a guide demo with an OKR expert
What should I consider before taking up a loan?
You should keep these key points in mind:
- Before approaching a money lender Singapore, consider other alternatives, such as the various financial assistance schemes offered by various Government agencies. You may contact the agencies to find out more about their schemes.
- You are legally obliged to fulfil any loan contract you enter into with a licensed moneylender.
- Consider whether you are able to abide by the contractual terms, bearing in mind your income and financial obligations. Borrow only what you need and are able to repay. Be mindful that if you are unable to meet the contractual terms, the late payment fees and interest payment will be a financial strain not just on yourself but also on your family.
- The law requires moneylenders to explain the terms of a loan to you in a language you understand and to provide you with a copy of the loan contract. Make sure you fully understand the terms of the contract, in particular, the repayment schedule, the interest rate charged and the fees applicable.
- Consider carefully before agreeing to any contractual term which allows a moneylender to lodge a caveat on the sale proceeds of your real estate property upon default of the loan repayment. When a caveat is lodged against your property, you will not be able to sell it without first repaying the moneylender in full. If the repayment is taken from the net proceeds from the sale of the property, it can wipe out all or a substantial portion of the proceeds.
How much can I borrow?
| Borrower’s annual income | Singapore Citizens and Permanent Residents | Foreigners residing in Singapore |
| Less than $10,000 | $3,000 | $500 |
| At least $10,000 and less than $20,000 | $3,000 | |
| At least $20,000 | 6 times monthly income | 6 times monthly income |
What are the interest rates moneylenders can charge?
With effect from 1 October 2015, the maximum interest rate moneylenders can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one. If a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.
The computation of interest charged on the loan must be based on the amount of principal remaining after deducting from the original principal the total payments made by or on behalf of the borrower which are appropriated to principal. [To illustrate, if X takes a loan of $10,000, and X has repaid $4,000, only the remaining $6,000 can be taken into account for the computation of interest.]
The late interest can only be charged on an amount that is repaid late. The moneylender cannot charge on amounts that are outstanding but not yet due to be repaid. [To illustrate, if X takes a loan of $10,000, and fails to pay for the first installment of $2,000, the moneylender may charge the late interest on $2,000 but not on the remaining $8,000 as it is not due yet.]
How do I know whether a moneylender is licensed or not?
- Use abusive language, or behave in a threatening manner towards you.
- Ask for your SingPass user ID and/or password.
- Retain your NRIC card or any other personal ID documents (e.g. driver’s licence, passport,work permit, employment pass or ATM card).
- Ask you to sign on a blank or incomplete Note of Contract for the loan.
- Grant you a loan without giving you a copy of the Note of contract for the loan and/or without properly explaining to you all the terms and conditions.
- Grant you a loan without exercising due diligence (e.g. approving a loan over the phone, SMS or email before even receiving your loan application form and supporting documents, such as the income tax assessment and payslips).
- Withhold any part of your principal loan amount for any reason.
How can I tell whether an advertisement is from a licensed moneylender or an unlicensed moneylender?
Under the advertising rules, which took effect on 1 November 2011, licensed moneylenders are permitted to advertise only through these three channels: (a) business or consumer directories (in print or online media); (b) websites belonging to the moneylender; and (c) advertisements placed within or on the exterior of the moneylender’s business premises. All other channels are prohibited.
In this regard, the advertising rules can help you differentiate between licensed and unlicensed moneylenders. If you receive flyers, SMSes, emails or other forms of advertisements which are not permitted under the rules, these would be from either licensed moneylenders operating in violation of the rules, or unlicensed moneylenders.
Hence, you are advised not to respond to such advertisements. Instead, you should report the advertisements to the Registry at 1800-2255-529 or via our website. Errant licensed moneylenders will be investigated by the Registry and unlicensed moneylenders will be investigated by the Police.
