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Personal Loans With Low Admin Fee

3.5% Flat

Interest Rates


Interest Rates – 4.0% flat and loan terms range from 1 to 12 months.

Admin Fees


Admin Fees – 3.5% flat.

Why 12 Lend

Our short-term personal loan offers a competitive interest rate of 4.0% and low admin fee – 3.5%

Be it for your upcoming home renovation or for that holiday vacation for your family, we will provide a fast and seamless experience, so that you can focus on the important things in life

1 2 Lend Pte Ltd is proud to be one of the six firms in Singapore to be issued the new moneylending license from the Ministry of Law since the moratorium was imposed in 2012.

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The one-time lifting of the moratorium is part of an initiative to better protect borrowers through business-led improvements. The new models include more comprehensive use of data to access creditworthiness, using digitalised processes to lower cost and giving better terms to those who repay their loans early or on time.

This new licence is only issued by the Ministry of Law to firms with paid-up capital of at least S$1 million and have demonstrated a track record in providing consumer credit, whether in licensed money lending or in other sectors of consumer credit.


Find out if you are eligible or total maximum amount that you may loan at any time by referring to the table below.

Citizenship Singaporean or Permanent Resident (PR) Foreigners (residing in Singapore)
Age* 21 – 65 Year olds 21 – 65 Year olds
Other requirements N.A. Employment Pass with at least 12 months’ validity
Borrower’s Annual Income Maximum Loan Amount [Singaporean or PR] Maximum Loan Amount [Foreigners]
Less than $10,000 $3,000 $500
At least $10,000 and less than $20,000 $3,000 $3,000
At least $20,000 6 times monthly income 6 times monthly income

* Above 21 years of age, and is not an undischarged bankrupt, nor facing any bankruptcy proceeding.

Loan Calculator

Our calculator display the minimum fee and typical interest fee payable to a loan. Loan varies for every clients.

$ eg. $20,000




1 Month

24 Months

* Above fields are mandatory

Admin fee:


Your Receiving Amount:


Note: The final amount is subjected to final review and approval.
Month Principal Payment Interest Payment Principal Remaining

Frequently Asked Questions

How much I can borrow?

Borrower’s Annual Income Maximum Loan Amount [Singaporean or PR] Maximum Loan Amount [Foreigners]
Less than $10,000 $3,000 $500
At least $10,000 and less than $20,000 $3,000 $3,000
At least $20,000 6 times monthly income 6 times monthly income

What are the interest rates?

Loan Period Interest Rates
1 – 12 months 4.0%

Are there any other fees?

A one-time administrative fee 3.5% flat on your approved loan amount. Please refer the table below for more detail.

Loan Period Admin Fee
1 – 12 months 3.5%

What are the documents required before visiting your office?

  • NRIC or Work permit (for foreigners)
  • Latest 3 months payslip
  • SingPass

What should I do after being granted a loan?

Do ensure that the correct principal amount of the loan is delivered to you. Any licensed moneylender is only permitted an upfront deduction of a loan approval fee of up to 10% of the principal amount.

Set reminders on your phone or calendar to make payments of the loan installments on time to avoid incurring late payment fees and late interest.

Once the dated and signed receipt is issued to you every time you repay your loan, do check the receipt for accurate information, e.g. name, amount, date is correct.

Always keep us updated on your latest address and email address and make sure you receive a statement of account for all your loan(s) at least once every 6 months, and check it for correctness (e.g. name, amount, date).

You should retain all statement of accounts and receipts of payments, as documentation and evidence of payments.

How do I know whether a moneylender is licensed or not?

Before engaging a moneylender, do verify that the moneylender is licensed by checking the list here. Do not borrow from unlicensed moneylenders.

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