Dealing with Harassment from Licensed Money Lenders in Singapore


Singapore’s thriving financial sector includes various licensed money lenders that offer personal loans to individuals in need of quick cash. While these lenders provide a valuable service, some individuals may encounter harassment when dealing with them. This blog aims to shed light on how to handle harassment from licensed money lenders operating in Singapore.

Understanding Licensed Money Lenders:

Licensed money lenders are financial institutions approved and regulated by the Ministry of Law in Singapore. They offer loans to Singaporeans and foreigners alike, providing a legal alternative to traditional banks. These lenders play a vital role in the country’s financial ecosystem by serving those who may not meet traditional banks’ stringent borrowing criteria.

The Problem of Harassment:

Despite regulations and legal oversight, some borrowers may face harassment from licensed money lenders. Harassment can take many forms, including persistent phone calls, intrusive visits, and intimidation tactics. Borrowers experiencing harassment often find it challenging to address the issue effectively.

Steps to Deal with Harassment:

If you are facing harassment from licensed money lenders in Singapore, there are several steps you can take to protect yourself:

1. Document Everything: Keep detailed records of all interactions, including phone calls, text messages, emails, and physical visits. This documentation can be crucial when filing a complaint or seeking assistance.

2. Verify the Lender’s License: Ensure that the lender is indeed licensed by the Ministry of Law in Singapore. You can check their license on the Ministry’s website. Unlicensed lenders are operating illegally and should be reported to the authorities.

3. Seek Legal Advice: Consult with a lawyer who specializes in debt-related issues. They can provide guidance on your rights and the best course of action.

4. Contact the Registry of Moneylenders: Report the harassment to the Registry of Moneylenders, a government agency responsible for regulating licensed money lenders in Singapore. They can investigate the matter and take appropriate action.

5. File a Police Report: If the harassment escalates to threats or criminal activities, do not hesitate to file a police report. The authorities can help ensure your safety and pursue legal action against the offenders.

6. Explore Debt Relief Options: If your financial situation becomes overwhelming, consider debt relief options such as debt consolidation or negotiation with the lender to establish a reasonable repayment plan.


Dealing with harassment from licensed money lenders in Singapore can be distressing, but it’s essential to take action to protect your rights and well-being. Remember that licensed money lenders are subject to regulations and oversight, and there are resources available to help you address harassment.

Always ensure that you are working with a licensed money lender, and if you encounter harassment, document the incidents, seek legal advice, and report the issue to the relevant authorities. By taking these steps, you can regain control of the situation and prevent further harassment while maintaining your financial integrity.