A personal loan is for the bills life hands you without asking: the medical deposit, the rent gap, the school fees, the family emergency that cannot be explained to a bank officer in a form. EZ Pte Ltd has lent from the same trade in Chinatown since 2004, licensed by the Ministry of Law. Check our name on their public registry first. Then come in, ask whatever you like, and borrow only when you are ready.
A personal loan is money for personal use, repaid in monthly amounts, with interest capped by law at 4% a month. Unlike a bank, a licensed moneylender assesses you as a person with a situation, not a scorecard, which is why people the banks decline still have legal options here. Unlike a loan shark, everything we do is regulated, written in a contract you keep, and explained until you understand it.
The son covering a parent’s hospital deposit before Medisave and insurance catch up. The tenant whose landlord raised the deposit at renewal. The parent whose child’s school fees arrived in the same month as everything else. The self-employed cleaner with real income and no payslips a bank will accept. Personal loans exist for the months where life billed you more than your salary agreed to.
The law sets your cap by income, counted across all licensed lenders together:
| Your annual income (citizens and PRs) |
Maximum you can borrow |
|---|---|
| Under $20,000 | $3,000 |
| $20,000 and above | 6 times your monthly income |
Foreigners have their own tiers, explained on our foreigner loan page. Interest is capped at 4% a month under Ministry of Law regulations, charged on the balance you still owe. One admin fee of up to 10% is allowed, deducted upfront. By law, total interest and fees can never exceed the amount you borrowed. Every number is in the contract, explained in English or Chinese before you sign.
All of these are personal loans. The difference is the shape of the repayment:
We will point you at the right one honestly, even if the answer is a smaller loan than you asked about, or none.
A few minutes. Your income is pulled safely so we can tell you what you qualify for. No Singpass? WhatsApp us or walk in.
We talk through what you need. No pushing. No pressure to take more than you came for.
Every loan is signed in person at our registered office, as the law requires. We explain every term in English or Chinese. You read everything before you sign a thing.
The full amount, minus only the one admin fee the law allows. Straightforward applications can be approved and paid in the same visit.
Any legitimate personal need: medical bills, rent, education, family emergencies, urgent repairs. We will ask what it is for, because matching the loan to the need is how we keep you from over-borrowing, not because any lawful purpose is off the table.
We check the Moneylenders Credit Bureau, so your record matters, but it is one input, not a verdict. A bank rejection does not automatically mean no here.
Straightforward applications with documents ready can be approved and paid the same visit. Complicated cases take longer, and we tell you which you are within minutes.
NRIC, your latest payslips or income documents, and proof of address. Singpass MyInfo replaces most of the digging. Self-employed? Bring your last two years of income tax assessment.
Legally yes, but your borrowing cap applies across all licensed lenders combined, and every loan appears in the MLCB record we check. Tell us what you already owe. We will see it anyway, and honesty speeds everything up.
The law allows a late fee of up to $60 that month and late interest only on the overdue amount. Message us before the date and we will work out a way through together.
The parent admitted, the flat kept, the school place safe, and nobody outside this office ever needing to know. Come in, ask your questions in English or Chinese, and decide in your own time.
