Legal Moneylender in Singapore
Interest rates at 4% per month.
Bliss Credit offers 4% interest rates for our valued customers. Effective 1 October 2015, the maximum interest rate moneylenders can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured one. If a borrower fails to repay the loan on time, the maximum rate of late interest a moneylender can charge is 4% per month for each month the loan is repaid late.
For unsecured loans, please refer to the table below for the total maximum amount that you may borrow at any time across all moneylenders in Singapore:
You have to produce your proof of income during the loan process to determine your legal loan limit.
Financial help is just a phone call away.
Bliss Credit offers not only personal loans in Singapore, but also business loans and payday loans. If you have any questions regarding the latest licensed moneylender interest rates, do contact Bliss Credit at (65) 6327-1334. You can also choose to fill in an online application form or visit our office and we will do our best to answer all your queries.