Sometimes, we don’t have a choice but to take out a loan for emergency funds. Then, we borrow money from another lender to pay for the previous loan and to supplement our day-to-day needs. Before we know it, we have accumulated multiple loans pooled together into one large debt. What happens when we are drowning in unresolved debts?

When you’ve accumulated a substantial amount of debt, oftentimes, it can be hard to get out of it. Thankfully, there is a financial solution called “debt consolidation loan,” which allows debtors to pay off most of their consumer debts. This doesn’t mean though that a debt consolidation loan can get rid of your financial obligations. What it does though is to transfer all of your liabilities to a different creditor as a lump sum. This is perfect for those who may find it hard to manage different types of loans, especially the high-interest ones.

Here are eight approved debt consolidation companies in Singapore that can help you manage your debts better.

Note: This list is strictly not in order.

1. Orange Credit

Image Credit: Orange Credit

Orange Credit is one of the best moneylenders in Singapore. They are a fully licensed and operated company dedicated to providing financial services that follow the strict regulations of the Ministry of Law and the Moneylenders Act and Rules.

Orange Credit is one of the approved debt consolidation companies in Singapore. They offer debt consolidation services that can help you manage your financial constraints and get out of the debt cycle. They also provide one-to-one consultation to help you understand your financial status and know your options. They will also advise you on to take better care of your finances. Moreover, they will work out a repayment plan designed specifically for you to ensure you can repay your debts steadily. The best thing about Orange Credit’s debt consolidation services is that they have lower interest rates.

Customer Reviews

Dayana Rahayu

Service rendered was excellent and professional. Very helpful and informative too. Thank you!

Val C.

It has been a great great experience for a first timer like myself. I didn’t expect such a comfortable and safe space, but Grace made it all a very pleasant experience. Every one of the staff here are also very welcoming and friendly. They have been helpful to explain all processes and even helped us understand what we will expect; helped us to reconsider on our decisions. Grace also had our best interests at heart. We are very very thankful for Orange Credit.

Contact: +65 6748 2320
Location: City Plaza, 810 Geylang Road, #01-91, Singapore 409286
Opening Hours: Mon-Fri 11AM-3PM | Sat 11AM-3PM

2. Aero Credit

Image Credit: Aero Credit

Aero Credit is one of the best licensed moneylenders in Singapore registered under the Registry of Moneylenders and was established in 2010. As a reputable financing firm, they are dedicated to providing the highest possible levels of services.

Aero Credit is one of the most trusted approved debt consolidation companies in Singapore. They can help you manage all of your existing loans so you can be free from debts in the future. With their help, you don’t have to stress yourself out keeping track of different loans and making different repayments to different lenders. With just one bigger loan from Aero Credit, you don’t have to go through all that trouble. What’s more, they can offer you more convenient repayment schedules. They also offer a non-obligation consultation to help you check whether you’re eligible for a consolidation loan.

Customer Reviews

Broonlynn Chang

Impressed with their professionalism, like bank teller. And its convenient. Procedure takes about 20 minutes and cash on the spot. Compare to the loans from bank, this service is fast and efficient.  Was able to discuss on the repayment plan with them, base on my monthly repayment ability.

Ashraff School

Been with Aero Credit for quite some time, only went there when need urgent cash. They are always fast respond and the loan application very fast. I should say it’s very efficient. Well done.

Contact: +65 6256 6319
Location: City Plaza, 810 Geylang Rd, #02-59, Singapore 409286
Opening Hours: Mon-Fri 11AM-8PM | Sat 11AM-3PM

3. Accredit

Image Credit: Accredit

Accredit is one of the leading licensed moneylenders in Singapore since 2002. They are an awardee of the Ministry of Law’s Pilot Program focusing on consumer protection, ensuring that they offer the best loan products across all of their branches. Clients can now apply for personal loans online as they want to make sure that their loan application process is as seamless and efficient as possible.

Accredit is one of the best approved debt consolidation companies in Singapore. This is helps clients make repayments of unsecured loans as hassle-free as possible. Their secure credit system ensures a fast, efficient, and safe application process adhering to strict industry standards. They also make sure that they provide the utmost transparency about their fees and rates to ensure that clients are well aware of what they are signing up for.

Customer Reviews

Meow Meow

Friya is a very nice and friendly. She advice all the good things for us to consider carefully before taking a loan. She explains the terms carefully and clearly🙂Excellent 5 star service.

Annz Aanis

2nd time loaning from them. Excellent service. They really assist and help you well and explain the whole contract. Will recommend those who needs loans to them. Thumbs up!!

Contact: +65 6226 2662 | +65 6245 2662 | +65 6261 2662 | +65 6219 2662
Location: 503 Tampines Central 1, #01-315, Singapore 520503 | The Midtown, 1187 Upper Serangoon Rd, #01-15, Singapore 533971 | Peace Centre, 1 Sophia Road, #01-14, Singapore 228149 | 743 Yishun Ave 5, #01-548, Singapore 760743
Opening Hours: Tampines, Central, Yishun Mon-Fri 11AM-9PM | Hougang 10AM-8PM | Sat-Sun 10AM-5PM

4. On Line Credit

Image Credit: On Line Credit

On Line Credit is a long-established licensed financing company in Singapore that has evolved through the years. They offer a wide range of loan products, including personal loans and foreigner loans.

On Line Credit is one of the best approved debt consolidation companies in the nation. They listen and understand clients’ circumstances to ensure that they will be able to offer a debt consolidation loan to help streamline debt repayments. With On Line Credit’s help, you will be able to pay your debt with lower interest rates and better loan terms. This means that they can help you avoid going default on your debt and pay it on time. If you’re applying for a debt consolidation loan you will need proof of income, credit history, a list of current living expenses, and a list of your existing debts.

Customer Reviews

 Adam Skrew

Very pleasant experience… Understand my problem and easy approve loan. Quick and easy transaction. Steve is very helpful n professional.

Nur Aqilah

Best moneylender help me with instalment plan. thanks for the help. If anyone in need of loan can find them recommend.

Contact: +65 6445 9166
Location: Bedok Central, Blk 210 New Upper Changi Road, #01-731, Singapore 460210
Opening Hours: Mon-Fri 11.30AM-7.30PM | Sat 11.30-7PM

5. UK Credit

Image Credit: UK Credit

UK Credit is one of the best legal private licensed moneylenders in Singapore. They offer a comprehensive range of loans, including personal loans, payday loans, business loans, and debt consolidation loans, as well as wedding loans, renovation loans, medical loans, bridging loans, and study loans.

As one of the best approved debt consolidation companies in Singapore, UK Credit ensures that they offer relatively low-interest rates and reliable client support. You can apply for such a loan to easily manage multiple debts, which can be a daunting task. With UK Credit’s help, you will be able to combine all of your financial obligations into a single liability, making it easier to keep track of your debt and pay it off in no time. To know if you’re eligible for such a loan, you should apply through their website.

Customer Reviews

Nur Azira

Very easy to locate this place. Got to know about this company through google and came across all the good and positive reviews. Came down and its really the kind of service i expected👍🏼 Got the amount of loan that is unexpected and very thankful Zack for the quality service and efficient service.They are professional at advising us to borrow at our own convenience.

Reysal Tang

Great service by Mr Zack on advising loan matters and very helpful and efficient. Loan amount was greater than what other companies were offering. One thing I noticed was that they required relatively little documents as compared to other moneylenders and this resulted in half the processing time or less. Kudos and great work! Extra credit, extra mile resulting in extra smiles. 6 stars out of 5 if Google allows me that extra star!

Contact: +65 6448 7448
Location: Bedok North Central, Blk 210 New Upper Changi Road, #01-723, Singapore 460210
Opening Hours: Mon-Sat 11.30AM-8PM | Sun 10.30AM-6PM

6. Golden Credit

Image Credit: Golden Credit

Golden Credit is one of the best lending companies in Singapore. They offer a wide range of loan products and services, including personal loans, short-term loans, payday loans, emergency loans, business loans, renovation loans, wedding loans, holiday loans, moving expenses loans, vehicle maintenance loans, holiday loans, angel investor loans, credit preservation loans, and more. They guarantee fast approval for every loan application to help clients get through their financial worries. All thanks to their low-interest rates and no prepayment fees policies, they have served at least 50,000 customers.

Golden Credit is one of the approved and licensed debt consolidation companies in Singapore. With Golden Credit’s help, you can get a loan to consolidate all your debts at a lower interest rate and better repayment schedules. They can also help you save money and get out of your liabilities soon.

Customer Reviews


best moneylender i’ve been to so far.. Service is excellent, ambiance is great and the office is also easily accessible. most impt the staff is very helpful. satisfied!

Edward Tan

Thank you Ivy for explaining to me in details cuz this is the first time i’m taking a loan out of the bank. Didn’t know taking a loan in licensed moneylender is so similar to bank. Anyway thanks for being honest and I like your service. thumbs up! 🙂

Contact: +65 62241300
Location: People’s Park Centre, 101 Upper Cross Street, #01-05F, Singapore 058357
Opening Hours: Mon-Fri 11AM-8PM | Sat 11AM-6PM

7. Cash Direct

Image Credit: Cash Direct

Cash Direct was established as a sole proprietorship in 2016. Their main goal is to help clients overcome their financial difficulties, whether it is for your business or personal use. As a trusted and licensed moneylender in Singapore, they offer a wide range of loan solutions to suit different needs. These include foreigner loans, business loans, payday loans, Grab/taxi loans, wedding loans, renovation loans, medical loans, bridging loans, and study loans. All of these loans are offered with relatively lower interest rates. They make sure they completely listen and understand your financial predicament so they can offer you the best loan solution at all times.

Cash Direct is also one of the approved debt consolidation companies in Singapore. They can help you obtain the financial help you deserve to ensure you’ll be able to manage your debts and pay them off in due time.

Customer Reviews

Rajan Limo

Cash direct help me clear all my other loans and provide me with the best repayment plan. And he also explain to me how i can work on my finance for the upcoming months. This company really serve to help customers who have difficulties paying their multiple loans. Best moneylender in jurong east.

DominiQue Ryan

Professional team. Explain everything clearly and provide a good solutions to your needs. Fast disbursement as well.

Contact: +65 6493 0088
Location: Jurong East Central, Vision Exchange, 2 Venture Drive, #01-21, Singapore 608526
Opening Hours: Mon-Sat 11AM-8PM | Sun 12PM-5PM

8. Credit Hub Capital

Image Credit: Credit Hub Capital

Credit Hub Capital is one of the most reliable and trustworthy money lending companies in Singapore. They are registered with the Ministry of Law, which means that they comply with the industry’s strict guidelines and regulations. They guarantee that using their financial services means you are making the best decision regarding your finances.

Credit Hub Capital is one of the best approved debt consolidation companies in Singapore. With their help, you can get a bigger loan to pay off all your smaller loans at a lower interest rate, personalized minimum monthly repayment, tailored loan duration, a simple and fast application process, and an easier tracking process. To qualify for Credit Hub Capital’s debt consolidation loan, you will need to be at least 21 years old, a copy of your NRIC, proof of CPF contributions for the last 12 months, and payslips.

Customer Reviews

Teh Alex

Have with them for a period of time n their services is excellent, friendly counter staff, financial needs. Enjoy latest movies while having coffee n snacks. Excellent!

Daniel Tan

If anyone ever needed a loan, credit hub is the place to go. Firstly, the people there are super friendly. Secondly they are always there to advise u on the loans so as to protect ur interest. Thirdly they are more than willing to assist you in every way.

Contact: +65 6338 5115
Location: Fortune Centre, 190 Middle Road, #10-01A, Singapore 188979
Opening Hours: Mon-Fri 11AM-8PM | Sat 11AM-4PM


A debt consolidation loan can help you negotiate with your creditors so you don’t have to pay penalties and interests. This is why it’s important to make sure you choose the best lending company that offers such a loan.

Don’t forget to refer to this article to get a good idea of the eight best approved debt consolidation companies in Singapore. This list can help you save time and effort going from one lender to another.