Before choosing a lender, you can check the Ministry of Law’s official moneylenders list. Authentic lenders will have a physical office address and will not ask for upfront fees. HS Credit is a licensed money lender, and our license number is prominently displayed on our official website and at our place of business.
Recognising Approved Advertising Channels
Licensed money lenders in Singapore are restricted in how they advertise. According to the Ministry of Law, only three advertising channels are approved: business or consumer directories (print or electronic), their own websites, and physical signs at their business premises.
If a lender advertises through text messages, social media, flyers, or emails, this is not permitted and could indicate an unlicensed lender or loan shark. Authentic lenders follow strict advertising guidelines and do not use aggressive tactics.
Legitimate money lenders will never offer loans through unsolicited phone calls or door-to-door sales. Always check if the advertisement format matches the approved channels before considering any loan offer.