Licensed Moneylender in Singapore.
Trusted, Transparent, Proven.

A licensed money lender is a company approved and regulated by the Ministry of Law (MinLaw) under the Moneylenders Act. These lenders follow strict rules to ensure transparent, legal, and fair borrowing for individuals and businesses.

You can verify any lender’s licence on the Registry of Moneylenders website managed by MinLaw.

Yes. Ban King Credit (S) Pte. Ltd. is a licensed moneylender regulated by the Ministry of Law (Licence No. 72/2025). You can verify our licence on the official Registry of Moneylenders website.

Yes. Licensed moneylenders must comply with MinLaw’s regulations on interest rates, fees, fair contracts, and proper disclosures.

This ensures loan terms are clear and borrowers are protected. For application guidance, see our online application page.

You must be at least 21 years old, a Singapore Citizen, PR, or valid Work Pass holder, and able to show proof of income and residence. Foreign workers with proper employment documents are also welcome to apply.

According to the Ministry of Law, the maximum amount you can borrow depends on your annual income and residency status:

Licensed moneylenders can charge a maximum of 4% per month.
They may also collect:

• A 10% administrative fee upon loan approval
• A $60 late fee per month if repayment is overdue

Aside from the capped interest and admin fee, no other hidden charges are allowed. Late fees apply only to overdue amounts, not the full outstanding balance.

Most applications get in-principle approval within an hour during business hours.

Under Ministry of Law regulations, all borrowers must complete a face-to-face recognition and verification process before funds can be released.

Once your documents are verified and the loan contract is signed in person at our office in Ang Mo Kio, funds can usually be disbursed on the same day.

Applying for a loan is simple and transparent.

Here’s the step-by-step process we follow in line with MinLaw regulations:

1. Submit Application – Complete the online form via Singpass MyInfo for quicker processing.
2. Receive Our Call – We’ll contact you to confirm details and gather any additional documents.
3. Face-to-Face Verification – Meet us in person to verify your identity and sign the loan contract as required by law.
4. Receive Your Funds – Once signed, the approved amount will be disbursed in cash on the same day.

Contact Ban King Credit immediately. Our officers can assist with flexible repayment options to help you avoid penalties. Ignoring the issue may lead to late fees and affect future eligibility.

You can also reach us via the Contact page.

Avoid responding to WhatsApp, SMS, or social-media loan offers.

Licensed moneylenders will never ask for Singpass log-ins or upfront transfers.

Report illegal lenders to MinLaw or call the Police Hotline 1800-2255-529.

Yes. Foreigners holding valid work passes can apply, subject to proof of employment and income.

The borrowing limit will depend on your annual income, in line with Ministry of Law regulations.

For example, foreigners earning below $10,000 a year may borrow up to $500, while those earning between $10,000 and $20,000 may borrow up to $3,000.

To begin, submit your application online.

Our office is conveniently situated at 705 Ang Mo Kio Ave 8, #01-2563, Singapore 560705, near Jubilee Square and AMK Hub, and a short 12 minutes’ walk from Ang Mo Kio MRT (NS16) Exit D.

Our operating hours are:
Monday – Sat: 11.00am – 8.00pm
Closed on Sundays & Public Holidays

Visit us during office hours or apply online anytime. For directions, see our
Contact page.