i-Credit is a Licensed Moneylender in Aljunied, Singapore
i-Credit is a licensed moneylender in Aljunied and has helped over 25,000+ borrowers in Singapore since 2009. If a bank has turned you down, or you need a smaller sum than a bank will lend, i-Credit can bridge the gap.
Fill in the form, and our loan officers will call you back. If you would rather talk to a person first, call +65 6222 5222, and someone will pick up during opening hours.
Check what you can borrow
In-principle answer during office hours. No obligation.
i-Credit Pte Ltd, licensed moneylender in Singapore
Registry Details
License No. 106/2026
Licensed since 2009
Registered Address
82 Lorong 23 Geylang, #05-02 Atrix, S388409
1-2 min walk from Aljunied MRT
Verify at MOL
Verify i-Credit by searching for us on the Ministry of Law's Registry of Moneylenders, and our licence number will appear against our registered name
What types of loan do i-Credit provide?
i-Credit offers a variety of loans tailored to different needs and income type.
Personal Loan
For general needs, emergencies, or unexpected expenses.
NSF Loan
Structured loan of up to $3,000 for full-time national service men.
Bad Credit Loan
We consider your current ability to repay, not just your past credit history.
DRS Loan
We provide loans for individuals under debt repayment scheme.
Loan without Payslip
Alternate documentation accepted for income verification.
Self-Employed Loan
Flexible assessment for individuals with variable income.
Private-Hire Driver Loan
Loans assessed based on platform earnings and statements
Freelancer Loan
Designed for gig economy workers with variable income.
Why borrowers choose i-Credit licensed money lender in Singapore?
Every licensed moneylender in Singapore charges under the same caps. Nobody can legally undercut anyone on interest, so a lender claiming to be cheapest is either confused or not licensed.
What actually differs between licensed lenders is how fast they answer, when they are open, what they will accept as proof of income, and whether you get a straight answer when the news is bad.
Licensed since 2009
Over a decade of compliant, transparent lending under the Ministry of Law.
Open 7 Days A week
We are open 7 days a week including Sundays for your convenience.
One registered office
A fixed, verifiable location you can trust, unlike unlicensed operators.
Written repayment breakdown
Clear, upfront terms with no hidden fees or surprises
Flexible income documentation
We understand not everyone has a standard payslip hence, we assess individual ability to repay using alternate documents.
Strong reputation
Over 3,800+ five star reviews and over 25,000+ customers served.
How do i-Credit Licensed Moneylender proces work?
An in-principle answer takes within 60 minutes and with approval as quick as 15 minutes during opening hours once we have your income documents. If the answer is yes and you can come to the office the same day, you walk out with the cash on that visit.
Apply Online
Submit the form or call. We come back to you within 1 hour (operating hours)
Visit our office
Come down for face-to-face verification as well as bringing extra document for further assessments.
Received funds
Once approved, we will explain the amount you can borrow and repayment terms. Once agreed your loan will be disbursed to you immediately via cash or transfer.
What it costs to borrow from i-Credit Licensed moneylender in Singapore
Mandate licensed moneylender cap
Four charges are possible on a licensed loan in Singapore, and law caps all four. These caps bind every licensed moneylender, so any lender quoting more than this is not licensed.
- 4% Monthly Interest Cap: Regardless of your income, the maximum interest rate i-Credit or any moneylender can charge is 4% per month.
- 10% Admin Fee: An upfront administrative fee cannot exceed 10% of the principal loan amount.
- $60 Late Fee Cap: If you miss a payment, the maximum late fee is $60 for each month of late repayment.
- Total Charges Cap:Total charges (interest, late interest, upfront admin fee, and late fee) cannot exceed an amount equivalent to the principal loan.
Borrowing limits
Annual Income | How much you can loan |
| Below $10,000 | Up to $3,000 |
| $10,000 to below $20,000 | Up to $3,000 |
| $20,000 or more | Up to 6x monthly income |
The 6x cap is your total across every licensed moneylender in Singapore combined. If you already owe 4x your monthly income elsewhere, only 2x is left.
At i-Credit licensed moneylender, we lend to students, ex-bankrupts and borrowers with poor credit, from age 18.
What is a Licensed Moneylender in Singapore?
A licensed moneylender in Singapore is a company authorized to offer moneylending services under the Ministry of Law’s regulations. Licensed moneylenders such as i-Credit have to operate within the clear MOL rules designed to protect borrowers.
Licensed moneylender, legal money lender, authorised money lender, registered money lender: in Singapore SG these all describe the same thing, a company holding a moneylender’s licence from the Ministry of Law. The next section explains what that licence actually obliges us to do.
How to verify if a moneylender is licensed?
How to verify if a moneylender is licensed?
The registry is public and free to search, follow this 3 steps:
- Open the Registry of Moneylenders on the MinLaw site
- Search the company name
- Check the licence number against the one displayed on the lender’s premises and website.
A legitimate lender can be verified on the official Registry and will never need to hide who they are or how they operate. See the list of licensed moneylenders in Singapore.
Is i-Credit a legal money lender in Singapore?
Yes. i-Credit Pte Ltd holds moneylender’s licence No. 106/2026, issued by the Registrar of Moneylenders under the Ministry of Law, and the company appears on the public Registry of Moneylenders.
A legal moneylender in Singapore is one licensed under the Moneylenders Act 2008, listed on the MinLaw registry, and bound by statutory caps on interest, fees and total cost.
What a licensed moneylender is forbidden to do
The Act does not only cap prices. It governs conduct, and these are the lines a licensed lender cannot cross:
- Advertise by SMS, WhatsApp, phone call or flyer. Licensed lenders may only advertise in three places: their own website, business directories, and their own premises. Any loan offer that arrives on your phone unrequested is from an unlicensed lender.
- Hold your NRIC, passport, work pass, ATM card or SingPass credentials. Ever, for any reason.
- Ask you to sign a blank or incomplete contract.
- Grant a loan without explaining the terms in a language you understand, or without giving you a copy of the contract and a receipt for every payment.
- Use threats, abuse or harassment to collect a debt.
i-Credit does not advertise by SMS or phone call.
i-Credit Licensed Moneylender Vs Unlicensed Moneylender
Comparison | i-Credit Licensed moneylender (Moneylenders Act 2008) | Unlicensed lender / ah long |
| Interest | Capped at 4% per month | No cap. Commonly 20% or more per week |
| Fees | Admin fee capped at 10% of principal, charged once. Late fee capped at $60 per month | Unlimited, invented, and often added after the fact |
| Total cost | All charges combined cannot exceed the principal | No limit |
| Contract | Written, in a language you understand, copy given to you before you sign | Verbal, or a blank form, or a chat message |
| Your NRIC and SingPass | Cannot be retained. Sighted and returned | Retained as leverage. This is the clearest single warning sign |
| How they contact you | Own website, business directory, own premises only | SMS, WhatsApp, phone calls, flyers in the lift lobby |
| Collection | Regulated. Harassment is a criminal offence | Threats, property damage, harassment of family and employers |
| If something goes wrong | Complain to the Registrar of Moneylenders | No recourse. You are dealing with a criminal |
Licensed moneylender near me - in Aljunied, opposite the MRT
i-Credit Pte Ltd is located at 82 Lorong 23 Geylang, #05-02 Atrix, Singapore 388409. Our landline is +65 6222 5222
We are easily accessible via Aljunied MRT (EW9) then a 1 to 2 minute walk. The building is Atrix, on Lorong 23 Geylang; take the lift to level 5 and we are unit 02. Nearest parking is Atrix building.
i-Credit Singapore licensed moneylender opening hours
Day | Hours |
| Monday | 11.00am to 8.00pm |
| Tuesday | 11.00am to 8.00pm |
| Wednesday | 11.00am to 8.00pm |
| Thursday | 11.00am to 8.00pm |
| Friday | 11.00am to 8.00pm |
| Saturday | 11.00am to 4.00pm |
| Sunday | 11.00am to 4.00pm |
| Public holidays | Closed, with some exceptions. Call to check |
Coming from elsewhere on the East-West Line?
Our office is opposite Aljunied MRT on the East-West Line, one stop from Paya Lebar interchange, which puts the Circle Line within reach as well.
- Geylang. We are in Geylang, on Lorong 23. If you are searching for a Geylang moneylender, this is a walk rather than a journey. Lorong 23 runs off Geylang Road between Aljunied and Kallang.
- Paya Lebar. One stop west on the East-West Line, about 3 minutes on the train from Paya Lebar interchange. If you work at Paya Lebar Quarter or City Plaza, it is a lunch-hour trip.
- Ubi. Ubi is on the Downtown Line, so the usual route is DTL to MacPherson, then a short interchange to Paya Lebar and one stop to Aljunied, around 15 minutes end to end. Driving from the Ubi industrial estates takes about 10 minutes.
- Eunos. Two stops east on the East-West Line, about 4 minutes. Anyone needing a moneylender near Eunos is closer to us than to most of the CBD lenders.
- Kallang. One stop west, about 3 minutes, or a 15-minute walk along Geylang Road from the Kallang side.
- Tai Seng. Circle Line to Paya Lebar, then one stop on the East-West Line, roughly 12 minutes.
Is i-Credit a 24-hour money lender?
No, and neither is any licensed moneylender in Singapore. Because the contract has to be signed at licensed premises, nobody can legally hand over cash at 3am. Anyone advertising a genuine 24-hour cash service is not licensed.
What is available round the clock: the online form, document uploads and a callback request. Send those overnight and you will hear from us when the office opens at 11am, which for most applicants means money the same day.
Frequently Asked Questions about i-Credit Licensed Moneylender
Is i-Credit a legal money lender in Singapore?
Yes. i-Credit Pte Ltd holds moneylender’s licence No. 106/2026 from the Ministry of Law and appears on the public Registry of Moneylenders. To check for yourself: open the Registry of Moneylenders on the MinLaw website, search “i-Credit”, and match the licence number to the one shown at the top of this page and on our office door.
How do I know if a money lender is authorised or registered in Singapore?
Every lawful moneylender in Singapore appears on the Ministry of Law’s public Registry of Moneylenders, so if a lender is not on that list they are not authorised, whatever they call themselves. Search the company name on the registry, check the licence number matches what they display, and confirm the address on the register is the address you are being asked to visit. An unlicensed lender will usually fail the third test first, because they do not have licensed premises.
Which is the most reliable licensed money lender in Singapore?
Every licensed moneylender works under the same statutory caps, so reliability comes down to conduct rather than price: how long they have held a licence, whether they have a real office you can walk into, whether you get the quote in writing before signing, and what their reviews say. i-Credit has been licensed since 2009, works from one office at 82 Lorong 23 Geylang, gives every quote in writing before any signature, and its Google reviews are public and dated.
Is there a 24-hour money lender in Singapore?
No licensed moneylender in Singapore operates a 24-hour cash counter, because the law requires the loan contract to be signed at licensed premises, so anyone offering round-the-clock disbursement is unlicensed. i-Credit’s form, document upload and callback request run 24 hours. Send an application at 2am and we will call when the office opens at 11am.
Can I apply to a licensed money lender online in Singapore?
start online, but the contract itself must be signed in person at the lender’s licensed premises, which is a borrower protection written into the Moneylenders Act. At i-Credit the enquiry, documents and in-principle decision all happen before you travel.
What is the maximum a licensed money lender can charge me in total?
Total charges are capped at 100% of the principal, so on a $3,000 loan the most you can ever owe in interest, late interest, late fees and admin fees combined is $3,000. Within that: interest 4% per month, late interest 4% per month on the overdue amount only, admin fee 10% of principal charged once, late fee $60 per month maximum.
Is i-Credit money lender open on Sunday in Singapore?
i-Credit is open on Sunday from 11am to 4pm, which most licensed moneylenders are not. Saturday hours are the same. Public holidays are usually closed, so call +65 6222 5222 to check.
Do i-Credit licensed money lenders check your credit score?
Yes, we review your Credit Bureau report, but unlike a bank we weigh current income and repayment capacity more heavily than a historical grade. Being blacklisted by a bank does not automatically mean a licensed moneylender will decline you.
What documents do I need to bring?
NRIC or work pass, your last 3 months of payslips or 12 months of CPF contribution history, proof of address dated within the last 3 months (a utility bill or bank statement), and an employment letter if you started the job recently. If unsure, call us and we will advise you accordingly.
Can I settle my loan early, and is there a penalty?
There is no penalty for early settlement.
If the loan is repaid within a week of disbursement, no interest is charged.
What happens if I miss a repayment?
The late fee is capped at $60 for that month and late interest at 4% per month on the overdue amount only, not on your whole outstanding balance. Call us before the due date if you know you will be short. Restructuring a payment date costs nothing and is a great deal easier than unwinding arrears.
Will borrowing from a licensed money lender affect my credit score?
Your loan and repayment record are reported to the Moneylenders Credit Bureau, which licensed lenders see, rather than to the bank credit bureau used for mortgages and credit cards. Repaying on time builds a record that supports larger amounts later.