MM Credit | Marine Parade Licensed Money Lender | Singapore Cheap Loans

Having been in the authorised money lender business since 2010, MM Credit is a licensed money lender in Marine Parade you can trust fully. We are a Marine Parade money lender registered with the Ministry of Law, abiding strictly by its rules for money lenders in Singapore.
As an accredited loan company in Singapore, rest assured that all our money lender loan practices are fair and transparent.
Need funding urgently from a licensed money lender even though your credit score is poor? MM Credit is an accredited loan company in Singapore that’s got your back.
Legal, top-rated, and reliable — MM Credit is a loan company in Singapore you can count on. We’re a licensed money lender in Marine Parade that has a money lender loan approval rate of 90%.
As a trusted and legal money lender in Marine Parade, we prioritise you —our valued customers. Expect consistently approachable and friendly service from one of the most reliable money lenders in Singapore. Receive loans fully tailored to your needs with a legal money lender in Marine Parade today.
Mr Teo is friendly and very helpful. despite my low income, he managed to still loan me. He was polite. i 100% recommend this place
Thank you Mr Sean for assisting me with consolidation loan. He provide clear guidance and handled the process smoothly by ensuring everything was well explained. Truly appreciate the professional and friendly service
Good service from mm staff . Was serve by Mr Teo. Fast approval. Very nice environment. Will recommend my friend to look for mr Teo.
Best money lender in marine parade . Friendly and nice staff. Most importantly the whole process is very fast and smooth. Served by mr Teo. Look for Teo for a better lin advice
As a leading licensed money lender in Singapore, we offer multiple loans to cater to diverse needs. Among local money lenders, we might just have the widest range available.

Singaporeans, Permanent Residents, and Foreigners

• Be at least 18 years old
• Draw a steady income every month
  If you need speedy approvals from a legal money lender in Singapore, we recommend that you apply for MM Credit’s money lender loan. Likewise if you have a poor credit score or bad credit history.

For Singaporeans and Permanent Residents

Salaried Employees/Self-Employed

These documents are required:
* NRIC or passport
* Past 15 months’ CPF contribution statements
* Past two years’ income tax Notice of Assessment (NOA)
* Income proof (e.g. income deposits for the past three months into your bank account, computerised payslips, etc.)

For Foreigners

These documents are required:
* Work Permit, E Pass, or S Pass
* Residence verification proof (tenancy agreement or utility bill)
* Evidence of salary deposits for the past three months into your bank account
Apply using Singpass
Meet our loan officer at our Marine Parade office after they’ve contacted you
Bring the required supporting documents, and discuss the money lender loan details with the loan officer. Then, sign the contract and receive your funds on the spot through cash or PayNow.
You can also apply at our loan company office during business hours.
Licensed money lenders are authorised money lenders in Singapore that are regulated under the country’s Ministry of Law. These legal money lenders are required to follow strict legislation set out by the Registry of Moneylenders and are a lawful alternative to taking out loans from a bank.
You can visit the Ministry of Law’s website for the latest list of legal lenders in Singapore at your convenience.
The Moneylenders Act provides a robust legal framework aimed at protecting both licensed money lenders and borrowers. The Moneylenders Act stipulates that only licensed and legal money lenders in Singapore are allowed to loan money to businesses and individuals.
Apart from clearly illustrating the interest rates, fees and charges permitted, etc, the Moneylenders Act also contains information pertaining to borrowers’ loan limits, what licensed money lenders in Singapore can and cannot do, and more.
If you’re taking an unsecured loan, the most you can borrow at any one time is 6x your monthly income.
Some licensed money lenders offer secured loans whereas others do not.
Most legal money lenders are happy to extend loans to foreigners so long as they are employed and earning a regular income.
Yes, any loan contract that you’ve signed off on with a legal money lender is legally binding.
Yes, it is not difficult to qualify for licensed money lender loans. There’s no minimum income requirement even for foreigners working in Singapore!
Not all licensed money lenders offer online loan applications. That being said, you can safely and quickly submit your loan application on the MM Credit website with ease anytime you’re ready.
Yes, for the most part, most legal money lenders in Singapore are happy to negotiate flexible repayment terms with borrowers.
Absolutely! Personalised loan services are one of the key perks you’ll enjoy when borrowing from licensed money lenders in Singapore.
Most licensed private money lenders in Singapore provide a wide array of loans, from personal loans and renovation loans, to medical loans and debt consolidation loans. The selection is almost identical to what a bank can offer. However:
Licensed private money lenders can provide faster approval
This is one reason why some people may know these legitimate money lenders as “quick money lenders” – they can be much faster than banks when approving and disbursing loans.
Licensed money lenders have less stringent requirements
Legalised money lenders in Singapore usually do not practise credit discrimination – which means that you can get a loan even if you have a bad credit history.
Registered money lenders require face-to-face verification
It allows both parties —money lender and borrower— to confirm the legitimacy of the deal, before committing to a legally binding agreement.
Nope, be wary if a private money lender dangles such baits.
Yes, of course. The licensed money lender’s office address must tally with the information registered with the Registry of Moneylenders. Borrowers must meet their licensed money lender at their office for verification, to review and eventually sign their loan contract before any funds can be released.
Yes, a licensed money lender can advertise their moneylending services, but only via three specific channels:
* Consumer or business directories via online media or in print
* The money lender’s website(s)
* On the exterior or inside of the legal money lender’s registered place of business
A licensed money lender cannot advertise through social media platforms and messaging apps, SMSes, flyers, search engines, cold calls, etc.
There are a few telltale signs when an unverified and unlicensed local money lender offers you a deal that seems too good to refuse:
* The instant money lender does not have a money lender licence
* The loan requires minimal identity verification
* The loan has charges and fees that are beyond the legal limits
* The loan exceeds legal borrowing limits
* The loan company is advertising through personal messaging
* The private money lender is operating round the clock
To protect yourself and your loved ones from violence, verbal abuse, harassment, and your pocket from exorbitant interest rates and unchecked fees and charges. Check out our guide on how to spot illegal money lenders in Singapore.
While the same can’t be said for all licensed money lenders in Singapore, rest assured MM Credit is a trusted money lender with genuine Google testimonials from our borrowers.
No. Licensed money lenders are not allowed to intimidate borrowers at any point of their loan journey, even during debt collection!
Nope. Licensed money lenders should not harass borrowers in any way. If you experience harassment of any sort, feel free to report the money lender. The Registry of Moneylenders will investigate thoroughly and take appropriate action.
When comparing instant money lenders, it is not always immediately clear which could be the best fit for you, given the number of options available. However, it can make the process easier if you know what you are looking for before applying.
Firstly, check out the licensed money lender’s reviews. Additionally, you can make a trip down to the money lender’s office if you are unsure of anything — seeing is believing, after all. Also, do consider finding a licensed fast money lender nearby. This saves you precious travelling time, making it quicker for you to visit their office, have your credit check done, and loan approved.
When you’re taking up a loan, a private money lender’s interest usually isn’t the only fee you have to pay. Most of the time, a processing fee is involved, which is capped at up to 10% of the loan principal amount.
When payment is made past the monthly repayment deadline, authorised money lenders can also impose a late payment fee (capped at S$60 monthly) and a late interest charged at a rate of not more than 4% monthly for every month the loan is repaid late.
Late interest can only be charged on the amount repaid late. The money lender in Singapore cannot charge late fees and interest on outstanding amounts not yet due for payment.
Yes, the amount of interest and fees a legal money lender can charge on a loan in entirety cannot be more than the loan principal amount. This includes the initial loan processing fee, all applicable interest, any late interest and late repayment penalty that apply over the course of the loan tenure.
Nope, you’ll be happy to know licensed money lenders do not charge early repayment fees.
Lawful licensed money lenders are not allowed to charge hidden fees and charges in accordance with strict rules and regulations. Learn more about the new rules and their implications.
Getting a loan from a licensed money lender should not be a hasty decision that you make on the spot. Before you take out a personal loan or a short term loan with a licensed money lender in Singapore, make sure you understand all the fees and charges involved.
Do take the time to compare money lenders and consider your financial situation carefully to ensure that you can repay the loan you’re thinking of taking out on time.
Firstly, ensure the correct principal amount of the loan is disbursed to you. The money lender is only permitted to charge a processing fee of up to 10% of the loan’s principal amount. Pay the loan instalments on time to avoid incurring late payment fees, late interest and compound interest.
Additionally, make sure the money lender issues a receipt each time you make a repayment towards your loan, and check that all details are accurate (name, repayment amount, date, etc.). Also, ensure you receive a statement of account for all your loan(s) at least once every January and July. Do check that the details are correct (name, loan amount, date, etc.).
Lastly, retain all statements of accounts and receipts of payments as documentation and evidence of payment.
Licensed money lenders have the legal right to seek repayment when it is due.
There are various ways they can do so, including sending a Letter of Demand by post to you or your employer’s address, visiting your home or office to collect the money, and filing for litigation against you in court.
However, please get help from the police if you find that the licensed money lender you’ve engaged is resorting to unlawful tactics like causing distress to your loved ones and colleagues.
If repayment has become overwhelming, there are lawful options available to help you manage the situation and avoid further complications.
Of course, MM Credit is a legal money lender with years of experience in the industry. As a trusted Marine Parade money lender, we’ve been providing customers with loan solutions since 2010.
Yes, in the near future, you’ll be able to apply for a money lender loan from MM Credit via Singpass. Right now, you may submit a simple form on our website to apply conveniently.

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