To deal with a favourable licensed moneylender, you need to shop around and compare each lender.
- You can start your research by checking the list of licensed moneylenders from the Ministry of Law – Registry of Moneylenders website or for an easier search, you can use our list provided above. It is the same list coming from the Registry of Moneylenders.
- Search for existing reviews online or from business or consumer directories.
- Go over their website and check each loan offers. Consider their interest rates and repayment terms. You can also ask for their APR or annual percentage rate as a standard way of comparing the loans.
- You can also talk personally with a licensed moneylender on their registered business address to fully comprehend their loan offers.
To save time, you may also use our loan matching platform to help you find suitable loan offers based on your needs.