Some months need $500. Some need nothing. A line of credit is an approved amount that sits ready, and you draw from it only when life asks, paying interest only on what you actually take. EZ Pte Ltd has been in Chinatown since 2004, licensed by the Ministry of Law. Before sharing any personal information or applying for a loan, we encourage you to verify our business name, registered address and official website against the Ministry of Law’s public list of licensed moneylenders.
A line of credit is a standing borrowing facility. We approve a total amount based on your income, and instead of receiving it all at once, you draw what you need, when you need it. Interest, capped at 4% a month under Ministry of Law regulations, is charged only on the amount drawn and still owing, not on the approved total. Repay what you drew and the room is there again.
The freelancer whose income arrives in waves but whose bills arrive on schedule. The family caring for an elderly parent, where some months bring a clinic bill and some do not. The small trader who needs a buffer for stock, not a lump sum earning interest while it waits. If your need is recurring but unpredictable, a line of credit fits where a one-time loan does not.
Interest at up to 4% a month, only on what you have drawn and not yet repaid. One admin fee of up to 10% is allowed by law. Total interest and fees can never exceed the amount borrowed. The discipline cost is the real one to understand: available money asks to be spent. We will say that to your face too, because a line of credit suits a planner, and if a fixed loan suits you better we will tell you before you sign, in English or Chinese.
Your verified income sets the size of the facility.
We talk through how you plan to use it, and whether a fixed loan actually fits better.
Signed in person, as the law requires. Every term explained in English or Chinese.
Draw when you need it. Interest runs only on what you take.
No. Only on what you have drawn and not yet repaid. An untouched facility costs you nothing in interest.
Inside your legal cap: $3,000 total across licensed lenders if you earn under $20,000 a year, up to six times your monthly income above that.
One known expense, one time: personal loan. Recurring, unpredictable needs: line of credit. We will tell you honestly which yours is.
Yes, anytime, with no early settlement fee, and it stops the interest on that draw.
Your borrowing with licensed lenders is recorded with the MLCB. Repaying on time is what builds the record in your favour.
The buffer is there, the panic is not, and an unexpected bill is just a Tuesday. Come in, ask your questions in English or Chinese, and decide in your own time.
