Licensed moneylenders, like EZ Pte Ltd, are legal entities regulated by the Ministry of Law in Singapore. We operate under strict guidelines that protect borrowers’ interests. Our interest rates are capped at 4% per month, and we’re required to provide clear, transparent loan contracts. We can only advertise through specific channels and must conduct face-to-face verifications before disbursing any loans.

On the other hand, unlicensed moneylenders, often referred to as loan sharks, operate illegally. They’re not bound by any regulations, which means they can charge exorbitant interest rates and often have hidden fees. These illegal operators may use aggressive tactics, offer loans without meeting in person, and provide no protection for borrowers.

To verify if a moneylender is licensed, follow these steps:

• Check the official list of licensed moneylenders on the Ministry of Law’s website 
• Confirm the moneylender’s license number, business name, and address
• Be cautious of any moneylender who offers loans via phone or SMS, withholds part of your loan amount, or doesn’t clearly explain the loan terms

Remember, at EZ Pte Ltd, we strictly adhere to all legal requirements to ensure your borrowing experience is safe, transparent, and fair. Always choose a licensed moneylender for your financial wellbeing.

As a licensed moneylender in Singapore, we adhere to the regulations set by the Ministry of Law:

• Interest rate: Up to 4% per month
• Administrative fee: Up to 10% of the principal loan amount (deducted upfront)
• Late payment fee: Up to S$60 per month
• Late interest: Up to 4% per month on the amount in arrears

We’re committed to transparency and will clearly explain all fees before you sign any loan agreement.

For Singaporeans and Permanent Residents (PR):

• NRIC
• Proof of residence (Latest Phone Bills / Utility Bills / Bank Statement / Tenancy Agreement)
• Proof of income:
  • Employed: Recent 3 months’ payslips and CPF contribution history
  • Self-employed: Recent 2 years’ income tax assessment

For Foreigners:

• Passport
• Valid work pass [Employment Pass (E Pass), S Pass, Work Permit, Dependent Pass (DP) / LTVP with permit to work]
• Proof of residence in Singapore (Latest Phone Bills / Utility Bills / Tenancy Agreement)
• Recent 3 months’ payslips
• Bank statements for the last 3 months

As a responsible loan agency, we always encourage our clients to borrow only what they need and can comfortably repay. The golden rule is to ensure that your loan repayments fit within your budget and don’t strain your finances.

That being said, the maximum loan amount you’re eligible for depends on your income and the type of loan:

Unsecured Loans:

• For those earning less than S$20,000 annually: Up to S$3,000
• For those earning S$20,000 or more annually: Up to 6 times your monthly income

Secured Loans:

• The loan amount can be higher and is typically based on the value of the security provided.

Remember, just because you’re eligible for a certain amount doesn’t mean you should borrow the maximum. Our loan officers are here to help you determine a loan amount that meets your needs while ensuring comfortable repayment.

We pride ourselves on providing fast access to emergency cash. Many of our loan applications are approved within an hour, with same-day cash disbursement possible.

We consider each application individually. While a good credit score helps, it’s not the only factor we look at. We’ll work with you to find a suitable loan package.

You’re eligible if you meet the following criteria:

• At least 18 years old
• Singaporean, Permanent Resident, or foreigner with a valid work pass
• Have a regular income source
• Not an undischarged bankrupt

We assess each application individually, so don’t hesitate to apply even if you have concerns about your eligibility.

Repayment periods typically range from 1 month to 12 months, depending on the loan type and amount. We offer flexible repayment options to suit your financial situation. Repayments can be made via:

• PayNow to our UEN: 201729436N
• Bank transfer
• Cash payment at our office

We’ll provide detailed repayment instructions upon loan approval.

Yes, we encourage early repayment and do not charge any early settlement fees. This can help you save on interest charges.