Certificate of Exemption (the Moneylenders Act (Cap.188))
For entities which lend money to borrowers for specific purposes.
FAQ Is an exempt moneylender exempted from the Moneylenders Act 2008 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 Loans under Part III of the Moneylenders Rules 2009 and Sections 43 to 46 of the Moneylenders Act 2008. 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/.
Ministry of Law (MINLAW)
For Business Users only
This licence is only for business users with a registered Unique Entity Number (UEN).
Application Details
For entities which lend money to borrowers for specific purposes.
FAQ Is an exempt moneylender exempted from the Moneylenders Act 2008 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 Loans under Part III of the Moneylenders Rules 2009 and Sections 43 to 46 of the Moneylenders Act 2008. 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: 7 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: 7 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: 7 MB
Requirements
Applicant must be ACRA-registered business entity.
