Top Licensed Money Lender in
Singapore

Yes, you may call us at 6588 1866 or apply online here. 

You will be scheduled for an in-person consultation following the initial consultation over the phone. Please prepare the necessary documents and requirements prior to meeting our loan officer to avoid delays. As efficient as it is, you will receive the borrowed money on the same day upon signing the agreement. 

• Personal Loan – Up to six month’s worth of income 
• Foreigner Loan – Up to six month’s worth of income 
• Monthly Loan – Up to six months’ worth of income
• Payday Loan – Up to one month’s worth of income
• Bridging Loan – Up to six month’s worth of income 
• Business Loan – Up to $200,000

Generally speaking, for secured loans, you can obtain a loan of any amount. For unsecured loans, please refer to the table below for the total maximum amount that you may borrow: 

The application process of GM Creditz is easy and straightforward. Your application will be processed within an hour. After applying online or calling from the comfort of your home, our loan officer will schedule an in-person appointment to discuss the terms of your loan plan. You will receive the borrowed money on the same day as soon as the agreement has been signed.

The first thing is to visit the list of licensed moneylenders registered with Singapore’s Ministry of Law to avoid loan scams.

Secondly, compare the best loan options suitable to your needs and repayment capability before you borrow.

Lastly, check the customer satisfaction reviews on Loan Advisor and Google Reviews to weigh in which agency is more reliable and trustworthy to borrow from. 

GM Creditz is licensed and registered with the MinLaw. Rest assured that we adhere to the law and offer fair and just interest rates since 2009.

All licensed lender is only permitted to impose the following charges and expenses on personal loans or other types of loans:

• A fee not exceeding $60 for each month of late repayment;
• A fee not exceeding 10% of the principal of the loan when a loan is granted; and 
• Legal costs ordered by the court for a successful claim by the moneylender for the recovery of the loan.

The total charges imposed by licensed moneylenders on any loan, consisting of interest, late interest, upfront administrative, and late fee also cannot exceed an amount equivalent to the principal of the loan.

Meanwhile, the maximum interest rate licensed that a moneylender can charge is 4% per month, 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 that a legal 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 the principal. 

The late interest can only be charged on an amount that is repaid late. The legal money lender cannot charge on amounts that are outstanding but not yet due to be repaid.

Yes, you can. Although you can apply for more than one loan, your application will still be subject to evaluation to ensure that you don’t over-borrow and suffer from financial difficulties. 

Take note that unlike banks, GM Creditz does not solely rely on credit scores when approving your personal loans.

What we look for are the following but not limited to:

• Ability to repay the personal loan
• Certificate of employment
• Proof of income
• Other identification papers

Banks usually reject the application due to low or bad credit history. At GM Creditz, as a legal money lending Singapore agency, we responsibly assess your monetary situation and take into consideration the improvement of your current financial condition.

Visit the Ministry of Law’s full list of licensed moneylenders in Singapore to verify if the agency is registered or not. 

GM Creditz’ license number is 102/2020 listed as number 61 in this downloadable list. 

Since 2009, GM Creditz has been legally operating and providing honest services to our clients. We are also a responsible lender, taking into consideration our clients’ financial capacity. Furthermore, we have been commended and applauded by our valued clients on Google and LoanAdvisor Reviews.

Legal moneylenders are permitted to advertise only through these three channels:

• business or consumer directories (in print or online media); 
• websites belonging to the moneylender; and
• advertisements placed within or on the exterior of the moneylender’s business premises. 

All other channels are prohibited. Thus, if you receive flyers, SMSes, emails, or other forms of advertisements, please report the advertisements to the Registry at 1800-2255-529 or via MinLaw’s website.