Are you searching for a reliable and trustworthy licensed moneylender in Singapore? Look no further than Magnus Credit Pte Ltd. With our commitment to integrity, transparency, and customer satisfaction, we've established ourselves as a leading name in Singapore's moneylending industry since 2009.
In Singapore, the Ministry of Law maintains a public registry of all approved licensed moneylenders. Only companies on that list are legally permitted to offer loans to members of the public. Being licensed means Magnus Credit is bound by law to:
At Magnus Credit, we take pride in our status as a fully accredited and licensed moneylender in Singapore. Here’s what sets us apart:
With over a decade of experience since our establishment in 2009, we’ve had the privilege of helping thousands of Singaporeans and foreigners meet their financial needs.
Throughout the years, we’ve refined our approach, continuously adapting to the evolving market to offer the most effective and tailored solutions.
Our long-standing presence in the industry speaks volumes about our dedication to delivering reliable services and maintaining high levels of customer satisfaction.
It’s a reflection of the trust we've earned and the lasting relationships we've built with our clients.
We understand that financial needs vary from person to person. That's why we offer a wide range of loan products tailored to different requirements:
As a licensed moneylender, we are fully committed to adhering to the interest rate caps set by the Ministry of Law, ensuring that our practices are transparent, fair, and in line with regulatory standards.
However, we believe in going above and beyond the minimum requirements. That's why we offer some of the most competitive rates in the market, designed to make borrowing more accessible and affordable.
Our goal is to provide our clients with financial solutions that meet their needs without the burden of excessive costs.
Whether you're facing an emergency or planning ahead, we strive to offer financial support that helps you achieve your goals with confidence and peace of mind.
We understand that when you need funds, time is often of the essence. That's why we've streamlined our loan approval process:
As a licensed moneylender, transparency is at the core of our operations:
Our team of experienced loan officers is committed to providing you with top-notch service:
Fill out our online application form with your basic details and loan requirements. Or use Singpass Myinfo for 2 minutes loan submission.
Provide the necessary documents, such as proof of income and
identity.
Our team will
quickly assess your
application and creditworthiness.
Upon approval, we'll present you with a loan offer detailing the terms and conditions.
Visit our office to sign the loan contract and complete the necessary
paperwork.
Once everything is in
order, we'll disburse the funds to you
promptly.
As a responsible licensed moneylender, we encourage smart borrowing practices:
Borrow only what you need and can afford to repay.
Understand all terms and conditions before signing any loan agreement.
Plan your repayments and stick to the schedule to avoid additional charges.
Communicate with us proactively if you face any difficulties in repayment.
As a borrower, it's important to be aware of your rights and the regulations governing moneylending in Singapore :
When you choose Magnus Credit as your licensed moneylender in Singapore, you’re opting for a partner who values your financial well-being. We’re not just here to provide loans; we’re here to offer financial solutions that empower you to achieve your goals and overcome financial challenges.
With our combination of competitive rates, transparent practices, and customer-centric approach, we’ve earned the trust of countless satisfied clients. Whether you’re looking to fund a business venture, manage personal expenses, or navigate a financial emergency, Magnus Credit is here to support you every step of the way.
Ready to experience the difference of borrowing from a trusted licensed moneylender? Contact Magnus Credit today at +65 6338 9891 or visit our office to discuss how we can tailor our loan solutions to meet your unique financial needs.
Remember, at Magnus Credit, we believe in “The Smart Way to Borrow: Lending with Integrity, Borrowing with Confidence.” Let us be your partner in achieving financial success and peace of mind.
Whether for a planned purchase or extra funds, a personal loan offers the flexibility to meet your financial needs.
The most flexible option for medical expenses, home repairs, education costs, or any personal financial need. Repayment terms up to 12 months.
Need a financial boost until your next paycheck? A short-term loan designed to bridge the gap between now and your next salary. Ideal when the timing of an expense doesn't align with your pay cycle.
Available to Employment Pass, S Pass, and Work Permit holders in Singapore. We understand the unique documentation requirements for foreign nationals and assess applications accordingly. As an expat in Singapore, if you need quick emergency cash, our hassle-free loan application makes it easy.
Whether expanding, managing cash flow, or investing in equipment, our business loans provide the support you need to thrive in Singapore's market. Working capital support for sole proprietors, partnerships, and SMEs. Useful when bank financing requires documentation or timelines your business cannot accommodate.
Magnus Credit is one of the few licensed moneylenders in Singapore with a dedicated loan category for private hire vehicle drivers. Platform-based income requires a different approach to income verification, and our team is experienced in assessing Grab and Gojek driver applications. If you drive for a ride-hailing platform, you are welcome to apply.
If you are managing multiple loan repayments across different lenders, a debt consolidation loan combines them into a single monthly payment, often at a lower overall cost and with less administrative stress.
With our renovation loans, you can transform your home without tapping into savings. Finance your HDB or private property renovation without relying on high-interest credit cards.
Make your dream wedding a reality with our flexible wedding loans. Cover banquet deposits, photography packages, or other wedding expenses that require payment before your savings are ready.
There are over 150 licensed moneylenders in Singapore. Here is what distinguishes Magnus Credit.
To borrow from a licensed moneylender in Singapore, you must meet these MinLaw-regulated requirements.
MinLaw sets the maximum unsecured loan amount across all licensed moneylenders combined.
| Annual Income | Maximum Loan (All Lenders Combined) |
|---|---|
| Below SGD 20,000 | SGD 3,000 |
| SGD 20,000 and above | 6x your monthly income |
Source: Registry of Moneylenders, Ministry of Law — rom.mlaw.gov.sg
These limits apply regardless of how many moneylenders you borrow from. The MLCB tracks your total outstanding balance across every licensed lender in Singapore.
Every licensed moneylender in Singapore must follow these exact caps. No exceptions.
| Charge | Maximum Allowed |
|---|---|
| Interest rate | 4% per month on reducing balance |
| Late interest | 4% per month on overdue instalment only |
| Late fee | SGD 60 per month |
| Admin fee | 10% of principal (one-time, deducted at disbursement) |
| Total charges | Cannot exceed the principal amount you borrowed |
Your MLCB record and your CBS credit score are two completely separate files. Licensed moneylender loans do not appear on your CBS report. HDB uses your CBS score when assessing flat applications. Borrowing from a licensed moneylender does not appear there.
Late interest is capped by law at 4% per month. It applies only to the missed instalment, not your full outstanding balance. Late fees are capped at SGD 60 per month. The total charges you ever pay cannot exceed the amount you borrowed.
Check the MinLaw Registry of Moneylenders at rom.mlaw.gov.sg. Loan sharks are not on that list. We cannot contact you via SMS or WhatsApp. MinLaw banned unsolicited outreach from licensed moneylenders. If someone messages you out of nowhere offering a loan, that is your first red flag.
The maximum interest rate for any licensed moneylender in Singapore is 4% per month on your reducing balance. This cap is set by MinLaw and no licensed lender can legally charge more.
Your MLCB loan history matters more than your CBS score for licensed moneylender applications. We assess your current repayment capacity, not just your credit score. Apply via Singpass and our team will give you a clear answer.
The Singpass application takes 2 minutes. We will contact you to assess your situation. If you qualify and visit our office to sign, funds are disbursed the same day after signing. MinLaw requires the contract to be signed in person. There is no legal workaround for this step.
Applying via Singpass MyInfo retrieves your identity and income data directly. If you are self-employed, bring your IRAS Notice of Assessment or 3 months of bank statements. Foreigners need their work pass and proof of income.
Types of Loan
Information
Contact Us
Magnus Credit Pte Ltd
Copyright 2009 – 2026 © Magnus Credit Pte Ltd. All Rights Reserved. | Reg No: 200915589D | License No: 13/2026
