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I am facing financial difficulties and unable to repay the licensed moneylenders. Can the Registry of Moneylenders help to negotiate with the licensed moneylenders?


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Updated by MLAW

The Registry of Moneylenders is not in a position to assist the borrower in restructuring his loans, as this is a private contractual matter between the licensed moneylender and the borrower. 

You may wish to negotiate with the licensed moneylender(s) directly, or through an intermediary (e.g. a lawyer or a social service agency), with a view to arriving at a mutually acceptable debt settlement arrangement. 

If you need help to resolve your debt problems with licensed moneylenders, you may approach any of the following voluntary welfare organisations: 

Association of Muslim Professionals (AMP)

Address: 1 Pasir Ris Drive 4 #05-11 Singapore 519457

Tel no.: 6416 3960 

E-mail: corporate@amp.org.sg

Silver Lining Community Services

Address: 22 New Industrial Road, #07-03/04, Primax Building, Singapore 536208

Tel no.: 6749 0400

E-mail:  admin@silverlining.com.sg

Adullam Life Counselling

Address: 315 Outram Road #15-02 Tan Boon Liat Building Singapore 169074

Tel no.: 6659 7844 / 9423 8832

Email: admin@adullam.org.sg

Blessed Grace Social Services

Address: 18 Arumugam Road, #05-01 Antioch@Macpherson Singapore 409962

Tel no.: 8428 6377

Email: billy.lee@blessedgrace.org

One Hope Centre

Address: 8 New Industrial Road #04-04B LHK 3 Building Singapore 536200

Tel no.: 6547 1011

Email: help@onehopecentre.org

Arise2Care Community Services

No. 5 Harper Road #02-01A Singapore 369673

Contact No.: 6909 0628

Email: admin@arise2care.sg

Credit Counselling Singapore

51 Cuppage Road #07-06 Singapore 229469

Contact No.: 6225 5227/6338 2663

Email: enquiry@ccs.org.sg

*Credit Counselling Singapore only handles cases that also involve debts with banks.

Notes to Borrowers when obtaining loans from licensed moneylenders


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