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Title: What Is the Moneylenders Credit Bureau (MLCB) and What Does It Record? Meta Description: The Moneylenders Credit Bureau records your licensed moneylender loans and repayments. See what it holds, what it leaves out, and how to check your report. Slug: moneylenders-credit-bureau-mlcb-singapore Focus Keyword: Moneylenders Credit Bureau Every time you apply for a loan from a licensed moneylender in Singapore, the lender checks a record you may never have seen. It lists every loan you currently hold with every licensed moneylender, and how you have been repaying them. That record is kept by the Moneylenders Credit Bureau. Knowing what it contains [...]

Most people who borrow from a licensed moneylender in Singapore take an unsecured loan without ever being asked to choose. The distinction only comes up when the amount needed runs past what an unsecured loan allows — and then it matters, because the two are governed by different rules. Here is how they differ under Singapore law, where they match, and what to weigh before pledging an asset. What is the difference between a secured and an unsecured loan? A secured loan from a licensed moneylender is backed by an asset you pledge as security. An unsecured loan is not — [...]

A monthly instalment loan sounds simple: borrow a sum, repay it in equal amounts every month until it is cleared. That is broadly right. The useful detail lives underneath — how each instalment is split, what happens in the first days after the money reaches you, and what a missed payment triggers. This guide walks through a loan from application to final payment, with actual figures, including a rule that changed recently: since 15 September 2026, unsecured personal loans from licensed moneylenders carry a mandatory cooling-off period. What is a monthly instalment loan? A monthly instalment loan is repaid in fixed, [...]

If you have retired or are approaching retirement, you may be wondering whether we can consider your application at all. The answer has two parts. Singapore's Moneylenders Act sets borrowing limits for every licensed moneylender, based on your income and residency. Separately, each lender sets its own eligibility criteria - including age limits - within what the law allows. We differ from other lenders on the second, not the first. Our eligibility criteria Worth knowing before you spend time applying. Our Requirement Our criteria Residency Singapore Citizens, Permanent Residents, and foreigners or expatriates residing in Singapore Age 21 to 65 years [...]

Search for this question, and you will find two different answers. One says S$3,000. Another says six times your monthly income. Both are correct — they just apply to different people, and nobody ever explains which one applies to you. The maximum loan from a licensed moneylender in Singapore is not a single figure. It depends on your annual income, whether you are a Singapore Citizen, Permanent Resident, or foreigner, and whether the loan is secured. It also depends on what you already owe elsewhere, which is the part most people miss entirely. This article gives you the actual numbers, shows [...]