Singapore's Trusted &
Licensed Money Lender

To check whether a moneylender is licensed, refer to the official Registry of Moneylenders maintained by Singapore’s Ministry of Law. Check that the moneylender’s business name, approved place of business, landline number and website address match the details listed in the Registry.

Bugis Credit Pte Ltd is a licensed moneylender registered with the Registry of Moneylenders under Singapore’s Ministry of Law (Licence No. 29/2026).

Loan enquiries and preliminary application details can be submitted online for convenience. However, licensed moneylenders are required to meet borrowers in person at their approved place of business before granting a loan. The borrower’s identity will be verified and the loan terms explained during the face-to-face process.

Singapore Citizens, Permanent Residents (PRs) and eligible foreigners working or residing in Singapore may apply for a loan with Bugis Credit, subject to the applicable requirements and assessment.

Singapore Citizens / PRs

• Age: 21 years old and above
• Employed or have a verifiable source of income

Eligible Foreigners

• Age: 21 years old and above
• Hold a valid Employment Pass, S Pass or Work Permit

Each application is assessed individually. Factors such as income, existing financial commitments, and ability to repay are taken into consideration. Approval and the loan amount offered are subject to the assessment.

The amount available depends on factors such as income, existing financial commitments and the type of loan.

For unsecured loans, the total maximum amount that may be borrowed across all licensed moneylenders in Singapore is:

These are statutory borrowing limits, and the final loan amount offered is subject to individual assessment.

Licensed moneylenders in Singapore are subject to statutory limits on interest and fees. Interest is capped at 4% per month.

If a repayment is late, late interest of up to 4% per month may be charged on the overdue amount. A late fee of up to S$60 per month may also apply. A loan approval fee of up to 10% of the principal amount may also be charged.

The applicable interest rate, fees, and repayment schedule will be stated in the loan contract.

The documents required may vary depending on your residency status, employment and the type of loan you are applying for.

Singapore Citizens & Permanent Residents (PRs)

• NRIC
• Latest 3 months’ payslips
• CPF statement and/or Income Tax Notice of Assessment
• Proof of residence
• Proof of employment, where applicable
• Singpass access for verification, where required

Foreigners Working in Singapore

• Valid passport
• Valid Employment Pass, S Pass or Work Permit
• Latest 3 months’ payslips
• Proof of income, such as bank statements
• Proof of residence
• Employment letter or contract, where applicable

Additional supporting documents may be requested depending on the application and loan type. Providing complete and accurate documents helps facilitate the loan assessment process.