The figures on this page explain the regulated limits and the representative repayment calculations used by this website.
Your actual rate, fees and repayment schedule depend on assessment and are confirmed in writing before you sign. The live figures below are managed through the ABM Creditz settings so the same values are used consistently across the site.
Fees & Limits
Exactly what a licensed moneylender may charge.
These caps are set by the Ministry of Law and apply to every licensed moneylender in Singapore, including us. No licensed lender may charge more, whatever your income or credit history.
4%
Interest, per month
Calculated on the balance you still owe, not the original amount. As you repay, the interest portion falls.
10%
Administrative fee
Charged once, when the loan is granted, and deducted from the amount disbursed. There is no separate processing fee.
$60
Late fee, per month
Only if a repayment is missed. Late interest of up to 4% may also apply, but only on the amount actually overdue, never on the rest of the loan.
Total
Charges cannot exceed your principal
Interest, late interest, the administrative fee and late fees added together can never exceed the amount you originally borrowed. Borrow $5,000 and total charges stop at $5,000.
How much you may borrow
For unsecured loans, the Ministry of Law sets the maximum you may hold across all licensed moneylenders combined, not per lender. Secured loans and business loans are not subject to these limits.
| Your annual income | Citizens & PRs | Foreigners residing here |
|---|---|---|
| Below $10,000 | $3,000 | $500 |
| $10,000 to below $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6x monthly income | 6x monthly income |
Meeting these limits does not entitle you to a loan. We assess affordability independently and may offer less than the regulatory maximum, or decline, where repayment would be a strain. Existing borrowings with other licensed moneylenders are visible to us through the Moneylenders Credit Bureau.
Been offered a loan by SMS or WhatsApp?
Licensed moneylenders are prohibited from advertising that way. If you were contacted out of the blue, it was not from a licensed lender, and it was not from us.
Loan Calculator
See an estimated repayment in seconds.
Adjust the loan amount, interest rate and tenure to see an illustrative monthly repayment, calculated on a reducing balance basis. What you may actually borrow is capped by your income — see fees and borrowing limits.
Estimated monthly repayment
$655.87
Capped at the regulated maximum. Total charges have been limited to the loan principal, as required by the Moneylenders Rules. Over this tenure, interest would otherwise exceed what a licensed moneylender may lawfully charge.
Illustrative estimate only. Actual interest rates, fees, repayment amounts and loan terms are subject to assessment and the final agreed loan agreement. It does not constitute a loan offer and does not imply guaranteed approval.