96 Credit Singapore

What 96 Credit Singapore does

96 Credit Singapore (legally 96BM Credit Pte. Ltd.) is a Singapore-licensed moneylender founded in May 2010 and headquartered at Blk 302 Ubi Ave 1, Singapore. The company operates a single physical office near Ubi MRT and serves Singapore residents and foreigners who require short-to-medium-term credit, with a particular focus on sub-prime borrowers and gig-economy workers (Grab/Gojek drivers) who are typically underserved by banks. Its product portfolio spans 14 loan categories including Personal, Payday, Business, Debt Consolidation, Wedding, Renovation, Medical, Bridging, Study, Fast Cash, Term, Bad Credit, and Monthly loans.

The platform is built on a hybrid online/offline lending stack: a 24/7 self-service web application integrated with Singapore's national digital identity layer (Singpass Myinfo) for automated borrower verification, a WhatsApp enquiry channel, and in-person document verification and contract signing at the Ubi office. Loan disbursement is supported via cash, PayNow, and bank transfer, and the company offers free Credit Bureau Singapore reports as a customer benefit. Pricing is fully regulated under Singapore's Moneylenders Act: interest is capped at 4% per month, processing fees are capped at 10% of principal, and late penalties are capped at S$60 per month.

The business model is a regulated interest-and-fee lending model. The company earns monthly interest income (3–4%) on outstanding personal and business loans plus one-time processing fees (8–10% of principal) collected after loan disbursement. Distribution is omnichannel — online applications, WhatsApp, and walk-in consultations — with a heavily review-driven acquisition motion anchored by roughly 5,245 Google reviews and a 5.0 average rating. Since inception, the company states it has served approximately 3,145 borrowers with cumulative originations of about S$30.1M, reports a 93% on-time repayment rate, and a 15-minute approval SLA after contract signing. The organization is small (1–10 employees), privately held, and shows no disclosed external funding or M&A activity.

Name

96 Credit Singapore

Legal name

96BM Credit Pte. Ltd.

Website

https://cashloansingapore.com.sg

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

96 Credit Singapore (96BM Credit Pte. Ltd.) is a Singapore-licensed moneylender founded in 2010 that offers personal, business, payday, and specialty loans to individuals and small businesses, with a focus on sub-prime borrowers and gig-economy workers underserved by traditional banks.

Ownership category

akta.pro rank

Product category

Consumer Lending / Licensed Money Lending

NAICS

Credit Intermediation and Related Activities (522)

SIC

Personal Credit Institutions (6141), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Small-Dollar Short-Term Installment Loans (Non-payday) (FSAKAMAI)

akta.pro secondary industry

Balance Transfer & Credit Card Refinance Loans (FSAKAIAA)

Keywords

• Licensed money lending
• Personal loan products
• Consumer credit services
• Payday loan Singapore
• Small business lending

Headquarters

HQ city

Bukit Merah

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Interest Income: Monthly interest charges on loans at 3-4% per month for Personal and Business Loans. Interest rates are regulated and capped at 4% per month under Singapore's Moneylenders Act.
2. Processing Fees: Administrative fees charged at 8-10% of the principal loan sum. Maximum processing fee capped at 10% of principal loan sum per regulatory requirements. Fees are only charged after loan is granted and contract signed.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

96 Credit Singapore is a licensed money lender in Singapore that originates and services a portfolio of regulated unsecured and secured loan products for individual consumers and small businesses, including personal loans, payday loans, business loans, debt consolidation loans, and use-case loans for weddings, medical expenses, renovation, education, gig-economy drivers, and bad-credit borrowers. Loans are priced at 3–4% monthly interest with 8–10% processing fees under the Moneylenders Act, with funds disbursed via cash, PayNow, or bank transfer following a 15-minute in-person approval at its Ubi office.

Product overview

96bm Credit operates as a licensed money lender in Singapore offering a comprehensive portfolio of loan products. The company provides a unified lending platform centered around personal and business loans, with specialized products including Payday Loans, Debt Consolidation Loans, Grab/Gojek Loans, Wedding Loans, Renovation Loans, Medical Loans, Bridging Loans, Study Loans, Fast Cash Loans, Term Loans, Bad Credit Loans, and Monthly Loans. The product portfolio is unified under the 96bm Credit brand, offering both secured and unsecured loan options with interest rates of 3-4% per month and processing fees of 8-10%. The company emphasizes rapid approval (15 minutes), multiple disbursement methods (cash, PayNow, bank transfer), and integration with Singpass Myinfo for streamlined applications.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Loan Unsecured personal loan for Singapore residents and eligible foreigners meeting eligibility criteria, offering flexible repayment terms and interest rates of 3-4% per month.
• Payday Loan Short-term loan designed for quick access to funds until payday, with potential 0% interest for borrowers with good credit history or regular customers.
• Business Loan Loan product for business purposes available to business owners with proof of income and business documentation, intended for working capital, business expansion, or equipment purchase.
• Debt Consolidation Loan Loan product designed to help borrowers consolidate multiple debts into a single manageable repayment, with special loan schemes for debt management.
• Grab/Gojek Loan Specialized loan for Grab and Gojek drivers to support their income-generating activities and vehicle needs, with terms suited to variable gig income.
• Wedding Loan Personal loan for wedding expenses, offering flexible repayment options for couples planning their wedding.
• Renovation Loan Loan product for home renovation needs, helping homeowners finance their renovation projects.
• Medical Loan Loan product for medical expenses, providing financial assistance for healthcare costs and treatments.
• Fast Cash Loan Quick access to cash loans with fast approval (15 minutes) and same-day disbursement via cash, PayNow, or bank transfer.
• Term Loan Traditional term loan with structured repayment schedule over a specified period.
• Bad Credit Loan Loan product for individuals with poor credit history, focusing on current financial health rather than past credit issues.
• Monthly Loan Loan product with monthly repayment structure, offering regular installment payments for borrowers.
• Bridging Loan Short-term loan product designed to bridge financial gaps during transitional periods.
• Study Loan Loan product for educational expenses to support students and their families with tuition and related costs.

Quantifiable outcome

• 93% of clients successfully repay their loans on time
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Credit Association of Singapore (CAS)coreOthers · 1 January 201096bm Credit is a member of the Credit Association of Singapore (CAS), an industry association for licensed money lenders. Their Loan Consultants are certified in Prevention of Money Laundering and Financing of Terrorism, Money Lender Operations and Compliance Training in accordance with CAS standards.
• Singapore Fintech Association (SFA)minorOthers96bm Credit holds an SFA FinTech Certificate, indicating membership or certification through the Singapore Fintech Association which promotes fintech innovation and standards in Singapore.
• Singpass (Government Digital Services)coreTechnology or IntegrationIntegration with Singapore's national digital identity system Singpass and Myinfo enables streamlined identity verification for loan applications, allowing customers to retrieve personal details digitally for quick approval.

Scale indicators8 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Cash Mart: One of Singapore's largest and longest-running licensed moneylenders, offering personal, payday, and business loans under the same Moneylenders Act regulatory framework as 96bm. Directly comparable in product suite, pricing structure (capped at 4% per month), and Singpass-enabled onboarding.
• Katong Credit: Licensed moneylender operating in Singapore with personal, business, and payday loan products. Competes in the same regulated sub-prime segment as 96bm with similar pricing and product structure.
• Lending Bee: Singapore licensed moneylender offering personal, business, and payday loans with similar regulated interest caps and rapid-approval positioning. Comparable target customer base of sub-prime borrowers and small business owners.
• Tembusu Capital: Singapore-based licensed moneylender offering personal and SME financing under the Moneylenders Act. Comparable regulatory positioning and small-business lending focus as 96bm's business loan product.
• CreditMaster: Licensed moneylender in Singapore providing personal, payday, and business loans with fast approval and similar regulatory constraints. Overlaps directly with 96bm's core product offering and sub-prime borrower focus.

Emerging players

• Funding Societies: Singapore-headquartered SME digital lending platform. Comparable in serving Singapore small business owners with working capital loans, overlapping with 96bm's business loan product.
• Grab Financial: Digital lender and payment provider in Singapore offering consumer credit and pay-later products. While not a licensed moneylender under the Moneylenders Act, it overlaps with 96bm's gig-economy and consumer-credit target segments.
• Atome: Singapore-based Buy Now Pay Later provider offering consumer credit at point of sale. Adjacent rather than directly competing, but competes for the same consumers seeking short-term financing alternatives.

Broad incumbents

• Singapore Licensed Moneylenders (SLM): Aggregator and operator of multiple licensed moneylender brands in Singapore. Comparable as a multi-brand competitor operating within the same regulatory framework, though at greater scale than 96bm.

Others

• Credit Bureau Singapore: Singapore's primary consumer credit bureau, referenced by 96bm as a partner that provides free credit reports to eligible customers. Ecosystem enabler rather than a competitor, but a key dependency for underwriting decisions across the licensed moneylender category.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/96bm-credit

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 96 Credit Singapore