Certificate of Exemption (the Moneylenders Act (Cap.188))

Apply for Certificate of Exemption (the Moneylenders Act (Cap.188))

Ministry of Law (MINLAW)

For Business Users only

This licence is only for business users with a registered Unique Entity Number (UEN).

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Application Details

For entities which lend money to borrowers for specific purposes.

FAQ

1. Is an exempt moneylender exempted from the Moneylenders Act (Cap.188) and all of its subsidiary legislation?
   In general, an exemption does not extend to the Moneylenders (Prevention of Money Laundering And Financing of Terrorism) Rules 2009, the Unsecured Credit Rules under Part III of the Moneylenders Rules 2009 and Sections 25 to 27 of the Moneylenders Act.
2. Where do I look for more information pertaining an application for a certificate of exemption?
   You may refer to our website through the following weblink: https://rom.mlaw.gov.sg/information-for-moneylenders/.

Additional Information

Fees
To be determined upon approval.

Documents Needed

• ACRA Instant Information Service / ACRA business profile
  File format: pdf, xls, xlsx, doc, docx
  Maximum upload per application: 2 MB
• Photocopies of the identity cards of all persons to be involved in the business of moneylending
  File format: pdf, jpg, gif, doc, docx, xls, xlsx, ppt, pptx
  Maximum upload per application: 2 MB
• A write-up (apart from what have been given in the application form) of the moneylending business model
  File format: pdf, xls, xlsx, doc, docx
  Maximum upload per application: 2 MB

Requirements

Applicant must be ACRA-registered business entity.