Horison Credit | Licensed Money Lender in Chinatown Singapore

Horison Credit | No.1 Chinatown Licensed Money Lender Singapore

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Licence No. 10/2025
No. 1 Chinatown Licensed Moneylender in Singapore
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Horison Credit is your trusted licensed money lender in Singapore. We offer fast, affordable loans with easy online applications. Apply anytime with Singpass MyInfo, get approved in minutes, and collect your cash at our Chinatown office.
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Licence No. 10/2025
Registry of Moneylenders

Horison Credit is an accredited money lender in Singapore that follows the laws and regulations set out in the Moneylenders Act.
We are in the Ministry of Law’s list of licensed money lenders.
We strive to serve our customers to the best of our needs, and with the utmost integrity and transparency.
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CUSTOMISED LOAN SOLUTIONS
Explore Your Loan Options

Get a loan that fits your needs. We offer flexible, licensed loan options based on your income and financial situation. Fast, legal, and tailored to you.

Personal Loan

Need quick cash for daily expenses, bills or big purchases? Our personal loan gives you fast and easy access to funds with flexible repayment and fast approval using Singpass.
Apply for a Personal Loan

Instant Fast Cash Loan

Need urgent cash? Get same-day approval and receive your funds instantly after in-person verification at our office. A fast and legal solution for emergencies and unexpected expenses.
Get Your Instant Cash Loan

Business Loan

Grow your business with fast and reliable funding. Whether you're managing cash flow, expanding operations or hiring new staff, our business loan gives you the capital you need to keep things moving.
Apply for a Business Loan

Debt Consolidation Plan

Struggling with multiple repayments? Our debt consolidation plan combines your loans into one manageable monthly payment. Lower your interest, reduce stress and take back control of your finances.
Consolidate Now

Payday Loan

Need cash before your next paycheck? Our payday loan offers fast, short-term financing to help you manage urgent expenses and stay on track until payday.
Get Cash Before Payday

Wedding Loan

Planning your big day? Our wedding loan helps you cover all the costs, from venue and gowns to photography and more. Make your dream wedding a reality without the financial stress.
Plan the Perfect Day

Renovation Loan

Ready to upgrade your home? Our renovation loan helps you finance anything from minor improvements to full-scale makeovers, all with flexible terms and fast approval.
Upgrade Your Home Today

Medical Loan

Worried about medical bills? Our medical loan helps you manage the cost of treatments, surgery or emergencies. Focus on getting better without the burden of expenses.
Get Help with Medical Bills

Vacation Loan

Dreaming of a getaway? Our vacation loan gives you the funds to travel now and pay later with flexible terms and fast approval. Make your next adventure happen, stress-free.
Get Travel Funds Today

Foreigner Loan

Working in Singapore on a valid pass? Our foreigner loan is designed to help expats get fast, reliable financing with minimal requirements and quick approval. No hassle, no stress.
Apply for a Foreigner Loan
WHY CHOOSE HORISON CREDIT?
Top Benefits of Borrowing from Horison Credit

Enjoy fast approval, flexible terms and trusted service when you borrow from Horison Credit.

Licensed and Regulated by the Ministry of Law

Horison Credit adheres to Singapore’s Ministry of Law guidelines, ensuring all lending is clear, ethical, and compliant.

Fast Approval with Same-Day Disbursement

We know time is critical. Apply with Singpass for fast approval and receive your funds within the same day. No long waits.

Flexible Repayment Plans That Fit Your Budget

We customise repayment plans based on your income, making it easier to repay your loan without added stress.

Transparent Fees with No Hidden Costs

All fees are clearly communicated upfront, with no hidden charges. What you see is what you pay.

Personalised Support from a Friendly Team

Our team listens and understands your situation, providing helpful guidance and support every step of the way.

Comprehensive Range of Loan Solutions

Whether you need a personal loan, business loan, debt consolidation or more. We’ve got the right solution for your needs.
WHO IS HORISON CREDIT?
About Horison Credit

Fast, flexible loans in Singapore. Trusted by individuals and expats since 2008.

Trusted Licensed Money Lender Since 2008

Horison Credit was launched in 2008 with one clear goal: to make borrowing easier and more accessible for everyone.
We believe that taking a loan shouldn’t carry stigma. Needing financial support doesn’t mean you’re poor or irresponsible. Sometimes, it’s simply about getting through an emergency or managing a short-term need.
In these moments, what matters most is trust, understanding and fairness.
Horison Credit is a licensed money lender approved by Singapore’s Ministry of Law. We follow strict regulations to ensure every loan is legal, transparent and fairly managed.
We serve every customer with sincerity, honesty and transparency. You need a loan, and we’re here to provide one that’s within your means and always with your best interests in mind.

How We Make Borrowing Easier for You

Making Loans Accessible to Everyone
We believe everyone deserves a fair chance at financial support without repeated rejections or complicated paperwork.
Expert Guidance from Licensed Advisors
Our team of licensed and experienced loan advisors provides clear guidance at every step of your loan application.
Flexible Loan Options
Our loan plans are designed for everyday needs and can be customised to fit your financial situation.
Backed by 5-Star Reviews
Thousands of satisfied customers have trusted Horison Credit for fast, legal and transparent loans in Singapore.

Our Core Values

Integrity

We operate with honesty and ethics in every step of the loan process. As a licensed money lender, we always act in your best interest.

Transparency

We clearly explain our loan terms, fees and process, so you know exactly what to expect before you sign anything.

Personalised Service

Every borrower is different. We listen, understand your situation and customise loan solutions that suit your needs and budget.
Learn More About Us
Loan Application Process
How to Apply for a Loan with Horison Credit

Applying for a loan is quick and easy. Follow these simple steps to get approved and receive your funds with confidence.
Submit Your Application - Fill up the loan application form or apply quickly using Singpass MyInfo. It takes less than 2 minutes.
Apply with Singpass now
Wait For Our Call - Our loan officer will contact you to verify your details and needs. If everything is in order, you will receive an in-principle approval.
Face-to-Face Verification - Head to our office for in-person identity verification and to review and sign your loan agreement.
Loan Disbursement - Once the loan contract has been signed, your loan will be disbursed on the spot.
Testimonials & Reviews
Horison Credit Reviews from Real Customers

Read what customers say about Horison Credit’s fast, transparent and personalised loan services.
Our Chinatown Money Lender Office

ESTIMATE YOUR REPAYMENT
Personal Loan Calculator

Get clear insights on your monthly repayments. Adjust the amount, interest and tenure to estimate your loan easily.

Loan Amount

Tenure

3 Months 36 Months

Interest

Monthly Installment

$1,759.60

$12.890.28

Please note: Your repayment amounts may vary depending on the applicable interest rate.
Proceed to Application
LOAN GUIDES & ARTICLES
Finance & Loan Tips for Singaporeans

Explore helpful articles on borrowing, budgeting and making smarter financial decisions in Singapore.

Mindset About Borrowing: Building Healthy Financial Habits in Singapore

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How to Get a Loan in Singapore: Bank Loans, Licensed Moneylenders & Eligibility

Getting a loan in Singapore is straightforward when you use regulated channels such as banks, government schemes, or licensed moneylenders. Banks offer lower interest rates and longer tenures, but applicants need stable income, good credit, and pr...
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How to Avoid Loans in Singapore: Smart Financial Strategies and Alternatives for Managing Expenses

Avoiding loans in Singapore begins with understanding high interest rates and penalties that can double borrowing costs if repayments are delayed. Government support schemes such as ComCare and SkillsFuture offer financial relief and training oppo...
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Debt-Free Living in Singapore: Practical Steps to Financial Freedom

Debt-free living in Singapore is about regaining financial control, not avoiding all credit or achieving perfection overnight. Living debt free means clearing high-interest debts, avoiding unnecessary borrowing, and maintaining savings buffers for...
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Wedding Loans Singapore: Personal Loan Options & Borrowing Guide

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Not Borrowing Money: How to Live Debt-Free and Build Financial Stability in Singapore

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Family Loans vs Bank Loans in Singapore: Which is Right for You?

Family loans in Singapore rely on trust rather than credit checks, offering flexibility but little to no legal protection if disputes arise. Bank loans are regulated by MAS, providing transparent contracts, predictable repayments, and opportunitie...
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Strategic Borrowing in Singapore: How to Borrow Smartly and Responsibly

Strategic borrowing means using credit purposefully to achieve measurable goals such as education, home ownership, or business growth. Borrowers should assess affordability under MAS frameworks like the Total Debt Servicing Ratio and Mortgage Serv...
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What Happens If You Cannot Repay a Licensed Moneylender Loan?

If you cannot repay a licensed moneylender loan in Singapore, you remain legally protected under strict Ministry of Law regulations governing interest, fees, and collection conduct. Licensed moneylenders can charge a maximum of 4% monthly interest...
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Licensed Moneylender Contract Terms Every Borrower Should Read

Licensed moneylender contract terms in Singapore are legally binding, and borrowers must fully understand repayment schedules, fees, and interest clauses before signing. Moneylenders can deduct only up to 10% of the principal as an administrative ...
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FAQs About Licensed Money Lenders in Singapore

Find answers to common questions about licensed money lenders in Singapore, including how to apply, what to expect and who is eligible.
What Is a Licensed Money Lender in Singapore?

A licensed money lender in Singapore is a company or individual that has obtained a valid moneylending licence issued by the Ministry of Law (MinLaw). These lenders are strictly regulated under the Moneylenders Act and Moneylenders Rules, which govern all aspects of legal money lending in Singapore.
To operate legally, licensed money lenders must comply with the regulations set by MinLaw, including fair lending practices, interest rate caps, and proper disclosure of loan terms. Any money lender found violating these laws may face licence suspension, hefty fines, or even imprisonment.
Before borrowing, always check the Ministry of Law’s official list of licensed money lenders to ensure you’re dealing with a legal and approved lender.
How Do I Know If I’m Dealing with a Licensed Money Lender in Singapore?

To verify if a money lender is legally licensed in Singapore, always refer to the Ministry of Law’s official list of licensed money lenders. This list is updated regularly and includes each lender’s:
* Registered business name
* Office address
* Contact number
* Official website URL
Be cautious of unlicensed money lenders and loan scammers who often create fake websites that closely resemble legitimate ones. Always cross-check the lender’s details, especially the URL, contact number, and location, against the list provided by MinLaw to ensure you’re not dealing with a scam.
When in doubt, contact the Ministry of Law or avoid engaging with the lender altogether.
What Types of Loans Can I Get from a Licensed Money Lender in Singapore?

Licensed money lenders in Singapore offer a wide range of loan options to suit different financial needs. These loans generally fall into two main categories:
* Secured Loans: These loans are backed by collateral, such as a property, car, or other valuable assets. If the borrower fails to repay, the lender has the legal right to seize the pledged asset.
* Unsecured Loans: These loans do not require any collateral. Approval is typically based on the borrower’s income, creditworthiness, and ability to repay.
Common types of loans provided by licensed money lenders include:
* Personal loans
* Payday loans
* Foreigners loans
* Business loans
* Debt consolidation loans
Each lender may offer different terms and conditions, so it’s important to compare loan packages and ensure you’re borrowing from a MinLaw-approved money lender.
Why Are Interest Rates from Licensed Money Lenders Higher Than Banks?

Licensed money lenders in Singapore usually charge higher interest rates than banks due to the level of risk they take on.
Unlike banks, licensed money lenders offer loans to individuals with lower credit scores, irregular income, or urgent financial needs. Their credit checks are less strict, making it easier for more borrowers to qualify, but this also increases the likelihood of default.
To compensate for this higher risk, licensed money lenders charge higher interest rates. In contrast, banks have stricter approval criteria and only lend to low-risk borrowers, which allows them to offer lower interest rates.
Here’s a quick comparison:
| Factor | Licensed Money Lenders | Banks |
| --- | --- | --- |
| Credit Check | Less strict | Very strict |
| Borrower Risk Level | Higher (e.g. poor credit) | Lower (good credit only) |
| Approval Speed | Fast (often same day) | Slower (may take days to weeks) |
| Interest Rates | Higher | Lower |
| Loan Accessibility | Easier to qualify | More difficult to qualify |
If you need fast approval or have a poor credit score, a licensed money lender may be a viable short-term solution. But if you qualify, borrowing from a bank can be more cost-effective due to lower interest rates.
Can I Get Another Loan If I Already Have Existing Loans?

Yes, you may still qualify for a new loan even if you have existing loans, especially in the case of an emergency. However, your ability to borrow more depends on your Total Debt Servicing Ratio (TDSR) and overall debt-to-income (DTI) profile.
In Singapore, the TDSR framework, regulated by the Monetary Authority of Singapore (MAS), ensures that your total monthly debt repayments do not exceed 55% of your gross monthly income. This includes all debt obligations such as:
* Credit card bills
* Existing personal loans
How TDSR Is Calculated:
TDSR (%) = (Total Monthly Debt Obligations / Gross Monthly Income) × 100
Horison Credit will also assess your Debt-to-Income (DTI) ratio when reviewing your loan application. This helps us determine a responsible loan amount you can borrow without overextending your finances.
If you’re facing urgent financial needs, speak to us directly. We’ll evaluate your situation and explore loan options that comply with regulatory limits while meeting your needs.
How Quickly Can My Loan Be Approved?

Horison Credit understands that time is critical, especially during financial emergencies. If you have all the required documents ready, your loan can be approved and disbursed within 30 minutes on the same day.
In most cases, borrowers can:
* Apply online in minutes
* Receive in-principle approval quickly
* Visit our office for face-to-face verification
* Get the cash disbursed on the spot
Depending on your situation and documentation, the entire process may take as little as 30 minutes, or up to one working day.
To speed up your loan approval, make sure you bring along all necessary paperwork such as:
* NRIC or Work Pass
* Proof of income (e.g. payslips, CPF statement)
* Proof of residence (e.g. utility bill, tenancy agreement)
Why Must I Visit the Money Lender’s Office to Receive My Loan?

Under Singapore law, licensed money lenders are required to meet all borrowers in person at their approved place of business before disbursing any loan. This face-to-face meeting is mandatory for:
* Verifying your identity and documents
* Explaining the loan terms clearly
* Ensuring you understand your rights and obligations as a borrower
If a lender offers to approve your loan entirely over WhatsApp, email, or SMS, or tries to transfer you money without meeting in person, this is a major red flag. Such behaviour is illegal and often associated with unlicensed money lenders (loan sharks) or scammers.
To protect yourself, always ensure:
* The meeting happens at the lender’s registered office address
* You receive a written loan contract before signing
* The lender is listed on the Ministry of Law’s official list of licensed money lenders
Visiting the lender’s office isn’t just a formality, it’s a legal safeguard for your financial security.
What Are the Interest Rates and Fees a Licensed Money Lender Can Charge?

Licensed money lenders in Singapore are strictly regulated under the Moneylenders Act to ensure fair lending practices. The Ministry of Law sets clear limits on the interest rates, late fees, and administrative charges that can be imposed on borrowers.
Here’s a summary of the maximum charges allowed:
| Fee Type | Regulatory Limit (as per Moneylenders Act) |
| Interest Rate | Up to 4% per month (calculated using the reducing balance method) |
| Late Interest Rate | Up to 4% per month on the overdue amount only |
| Late Payment Fee | Maximum $60 per month |
| Administrative Fee | Up to 10% of the principal loan amount (deducted upfront when the loan is disbursed) |
| Total Charges Cap | Total fees and charges (including interest, late fees, admin fees) must not exceed the loan principal |
If your approved loan amount is $2,000, the total combined charges (interest, admin, and late fees) must not exceed $2,000 over the life of the loan.
These rules are enforced to protect borrowers from excessive debt. Always ensure you’re borrowing from a MinLaw-approved licensed money lender and review the loan contract carefully before signing.
Who Is Eligible For A Loan From A Licensed Money Lender In Singapore?

To qualify for a loan from a licensed money lender in Singapore, you must:
* Be at least 21 years old
* Have a stable source of income, whether employed or self-employed
* Be a Singaporean, Permanent Resident or foreigner with a valid work pass
Eligibility may vary slightly depending on the lender’s internal checks, but these are the general requirements set by the Ministry of Law.
How much can I borrow from a licensed money lender in Singapore?

The maximum loan amount depends on your annual income and residency status:
| Annual Income | Singapore Citizens and Permanent Residents | Foreigners Residing in Singapore |
| --- | --- | --- |
| Less than $10,000 | $3,000 | $500 |
| $10,000 – $20,000 | $3,000 | $3,000 |
| $20,000 and above | 6 times of monthly income | 6 times of monthly income |
These limits follow the guidelines from Singapore’s Ministry of Law.
What documents do I need to apply for a licensed money lender loan?

To apply for a loan from a licensed money lender in Singapore, you’ll typically need the following documents:
For Singaporeans and Permanent Residents:
* NRIC (front and back)
* Proof of income (latest payslip or CPF contribution statement)
* Proof of residence (e.g. utility bill, phone bill, or tenancy agreement)
For Foreigners (Work Pass Holders):
* Passport and valid work pass (S Pass, E Pass, etc.)
* Proof of employment (e.g. employment letter or work contract)
* Recent payslip or salary crediting record
* Proof of residence in Singapore (e.g. tenancy agreement or utility bill)
Exact requirements may vary depending on your loan type and financial situation.
What should I consider before getting a loan from a licensed money lender in Singapore?

Before taking a loan from a licensed money lender in Singapore, consider the following factors:
* Interest rates and fees
Check the lender’s advertised rates and ask about any additional fees, such as processing or late payment charges.
* Loan tenure and repayment amount
Choose a loan term that fits your monthly budget. Shorter tenures mean higher instalments, while longer ones may cost more overall.
* Your ability to repay
Only borrow what you can afford to repay on time. Consider your existing financial commitments before applying.
* Licensed lender’s status and reputation
Make sure the lender is licensed by the Ministry of Law. Read reviews to understand how they treat their customers.
* Compare multiple lenders
Don’t settle for the first offer. Compare interest rates, terms and service quality across a few licensed money lenders.
* Rollover or extension policy
Understand what happens if you can’t repay on time. Some lenders allow extensions, but repeated rollovers can increase your total repayment.
Taking time to evaluate these points can help you make a smarter, more informed borrowing decision.
What is the step-by-step process of getting a loan from a licensed money lender in Singapore?

Here’s how the process typically works:
1. Research and shortlist licensed money lenders
Use the Ministry of Law’s list or comparison sites to find reputable lenders that suit your needs.
2. Request a loan quote
Contact shortlisted lenders with your loan amount, income details and preferred repayment terms.
3. Submit your loan application
Fill in the application form accurately and attach the required documents such as NRIC or work pass, income proof and proof of address.
4. Complete face-to-face verification
The lender will verify your documents and arrange a mandatory in-person meeting at their office before approval.
5. Review and sign the loan contract
Read the terms carefully, including interest rate, repayment schedule and late fee policies. Only sign when you fully understand the contract.
6. Receive your funds
Once the contract is signed, the loan is usually disbursed on the spot or within the same day.
What are the pros and cons of borrowing from licensed money lenders in Singapore?

• Regulated and transparent
  Licensed money lenders are strictly governed by Singapore’s Ministry of Law and must adhere to fair and transparent lending standards
• Fast approval and same-day disbursement
  Licensed money lenders offer a quick application process with fewer requirements, making them ideal for urgent cash needs. Many borrowers receive their funds within 24 hours.
• Flexible loan amounts and tenures
  Borrowers may get small loans (from $500 up to caps based on income), with repayment plans tailored from 6 to 36 months.
• Accessible to borrowers with lower credit scores
  Approval is often based on income and documents rather than credit history alone, making it easier for some borrowers to qualify.
• Higher interest rates than banks
  Licensed money lenders can charge up to 4% per month in interest, which is typically higher than personal bank loans.
• Strict borrowing limits
  Your maximum loan amount is regulated based on your income. Those earning below $20,000 annually can borrow up to $3,000, while those earning above can borrow up to 6 times their monthly income.
  If you have more questions about the differences between banks and licensed money lenders, you can refer tothis guide on banks vs licensed money lenders in Singapore.
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