Licensed
Moneylender
in Singapore

Credit 21 is among the top 10 licensed moneylenders in Singapore and the best moneylender in Bugis / Bras Basah.

Request a Free Loan Quote

APPLY FOR A LOAN IN
3 EASY STEPS

01

Call or Apply Online

Apply from the comfort of your home with a few clicks using our online facility. You may also reach us at 6777 1887

02

In-Person Consultation

Our consultant will schedule an appointment for you to further discuss the requirements of your loan plan.

03

Receive Your Cash on the Same Day

Get your cash loan as soon as the agreement has been signed, efficient and quick deal.

COMMENDED FOR BEING A FINANCIAL AGENCY

Offering a “comfortable, friendly, and efficient” borrowing experience

Feel Free to Borrow Anytime !

BEST LICENSED MONEY LENDER IN
BUGIS / BRAS BASAH

Offering a “comfortable, friendly, and efficient” borrowing experience

singapore, skyline, skyscrapers

Financial difficulties happen anytime and you may never know when it will strike you. Even if you have emergency funds during this trying situation, it may not be enough to suffice you when such financial trouble hits you. 

We understand how hard financial matters can impact your personal and professional life. But worry not, here at Credit 21, we offer tailor-made loans just for you to help you solve your financial difficulties quickly.

We know that money matters during these financial constraints and living in one of the most expensive cities like Singapore makes it even harder to get quick cash to tide you up for a period of time.

Hence, as an established Singapore moneylender, we are well-versed in the financial industry and our years of experience has enabled us to provide custom made and flexible loan options to all our customers. Our loan officers will help you get the best loan with the most flexible payment options.

Here at Credit 21, we treat our clients as family and build relationships professionally to provide a warm, comfortable, and efficient borrowing experience. Feel free to borrow from us and browse our full suite of loan offerings.

OUR LOAN SERVICES

PERSONAL LOANS

For personal needs. Whether for your home renovation, medical emergency, or that once-in-a-lifetime vacation. A personal loan is your ultimate financial boost to your financial matters

Benefits:

BUSINESS LOANS

For business’ growth and expansion. We support your business’s investments, such as acquiring new space, buying more inventory, or just keeping your company afloat.

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FOREIGNER LOANS

Personal loan specially catered to expatriates. Foreigner loans can help cover relocation expenses when moving into your new home or during financial emergencies.

Benefits:

PAYDAY LOANS

For fast cash and emergencies. Take a quick cash advance when you find yourself short on cash for your monthly rent, utility bills, medical emergencies, among others.

Benefits:

Feel Free to Borrow Anytime!

It just takes 5 minutes to
complete the form to
get FREE loan quote! 

FAQ

Most frequent questions and answers

The loan application process is swift and efficient. You will receive your borrowed money within an hour, or upon the signing of the contract in our office. Note that a licensed moneylender will ask you to come to their physical office to sign the loan contract and you will receive your cash loan instantly. Loan application at Credit 21 makes it easier through our online loan application form, send us your loan application form online and we’re ready to assist you any time of the day!

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

To further explain, you can loan any amount with secured loans. For unsecured loans, please refer to the table below:

Borrower’s annual incomeSingapore Citizens and Permanent ResidentsForeigners residing in Singapore
Less than $10,000

$3,000

$500
At least $10,000and less than $20,000$3,000
At least $20,0006 times monthly income6 times monthly income

The loan application process is swift and efficient. You will receive your borrowed money within an hour, or upon the signing of the contract in our office. Note that a licensed moneylender will ask you to come to their physical office to sign the loan contract and you will receive your cash loan instantly. Loan application at Credit 21 makes it easier through our online loan application form, send us your loan application form online and we’re ready to assist you any time of the day!

To avoid loan scams, the first thing that you must check is to verify if the moneylender in Singapore that you are looking for is a licensed moneylender registered with Singapore’s Ministry of Law. The Ministry of Law has a very strict regulation against licensed moneylenders, thus you can find the legal moneylenders official list in the Registry of Moneylenders by the Ministry of Law. Each moneylender in Singapore is operating under strict rules, therefore, making it safe for the borrowers to take out a loan whenever they need one.

Next thing to do after checking the legibility of the moneylenders, you can compare the best loan offers according to your budget and repayment capability. Also, don’t forget to check the customer service reviews on Loan Advisor and Google Reviews to check the customer satisfaction reviews.

All licensed moneylender 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 a licensed moneylender 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 that a licensed 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 licensed 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 moneylender cannot charge on amounts that are outstanding but not yet due to be repaid.

Yes, you may pay your loan to the moneylenders before it’s fully due. You can inform Credit 21 about your plans for the early settlement, so that we can come to an agreement with you for any discounts to your loan.

Yes, you can take multiple loans. But even though you can apply for more than one loan, your application will still be subject to evaluation to make sure that you don’t over-borrow and suffer from financial troubles. Money lending in Singapore undergoes a strict process to protect both the borrower and the moneylender.

Banks usually reject the application due to low or bad credit history. We complete an evaluation of your capability to repay the loan depending on your current financial condition. In other words, the assessment is not based on your credit history. In general, you only need to prove that you have a steady source of income to repay the loan.

You can visit the Ministry of Law’s for the full list of licensed moneylenders in Singapore to verify if the moneylender is licensed or not. 

Credit 21’s license number is 33/2020 listed in the Registry of Moneylenders. Credit 21 is among the top 10 legal moneylenders in Singapore and touted as the best moneylender in Bugis as well as in Bras Basah. You can also check our customer service reviews for legitimacy, we can assure you that we only provide the best customer service tailored to each of our clients.

Licensed 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, SMSs, emails, or other forms of advertisements, please report the advertisements to the Registry at 1800-2255-529 or via the Ministry of Law’s website.

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