Is JD Credit Legit?
Yes. JD Credit Pte Ltd is a licensed moneylender listed on the Ministry of Law's Registry of Moneylenders, and has operated from the same shopfront at Hong Lim Complex in Chinatown since 2010. You do not have to take our word for that, and you should not. Below is how to verify it yourself in about two minutes.
Check us yourself, in two minutes
This is the part of the page that matters, so it comes first.
- Look us up on the official list. The Ministry of Law publishes the full list of licensed moneylenders in Singapore. Search it for "JD Credit Pte Ltd". If a lender is not on that list, no amount of professional looking website makes them legal.
- Check the address matches. The list shows the licensed business address. Ours is 531 Upper Cross Street, #01-38 Hong Lim Complex, Singapore 050531. A licensed moneylender may only conduct business at its approved address. If someone claiming to be us gives you a different address, it is not us.
- Check the phone number matches. Ours is the landline +65 6292 7717. A licensed moneylender must advertise a business number, not a personal mobile.
- Come and look. We are a physical shopfront in a public complex with opening hours, staff and a counter. You can walk in and ask questions without applying for anything.
What "licensed" actually means, and what it costs us
A moneylending licence in Singapore is not a registration you buy. It is granted by the Registrar of Moneylenders, it is reviewed, and it can be suspended or revoked. Holding it means we are audited, we must keep records in a prescribed form, and we must follow rules on how much we may charge, how we may advertise, how we may collect a debt and how we must treat you at the counter.
It also means there is somewhere to complain about us that is not us. That is the real difference between a licensed lender and an unlicensed one. If we treat you badly, you have a regulator to go to and we have a licence to lose.
Fifteen years at the same address
JD Credit was established in 2010. We have borrowed from the same unit in Hong Lim Complex ever since, through two economic downturns and a pandemic. A business that intends to take your money and disappear does not sign a fifteen year lease in a public shopfront five minutes from a police post.
How to tell a fake JD Credit from the real one
Our name is used by scammers. It happens to every licensed moneylender in Singapore, and it is the single most common way people get hurt. The impostor copies our name, our licence number and sometimes our whole website, then contacts people from a mobile number.
Here is how to tell the difference, every time:
| What happened | Real JD Credit | A scammer using our name |
|---|---|---|
| You got a WhatsApp or SMS offering a loan | Never. Licensed moneylenders are prohibited from advertising by message, call or social media. | Yes, this is the most common scam approach |
| You were asked for a fee before approval | Never. We cannot lawfully charge anything before a loan is granted. | Yes, usually called a processing, insurance or GST fee |
| You were asked for your Singpass details | Never. We will never ask for your Singpass ID or password. | Yes |
| You were told you could get the money without coming in | Never. Singapore law requires you to sign in person at our office. | Yes, "fully online approval" is the giveaway |
| You were asked to hand over your NRIC, passport or ATM card | Never. It is illegal for us to hold them. | Yes |
| Contact was from a mobile number only | Our number is the landline +65 6292 7717 | Yes, always a mobile |
Swipe the table sideways to see every column.
If any row on the right describes what happened to you, stop, do not transfer anything, and report it to the Police at 1800 255 0000 or the X Ah Long hotline on 1800 924 5664. Then call our landline and tell us, so we know our name is being used.
Frequently asked questions
Yes. JD Credit Pte Ltd holds Licence No. 43/2026 from the Registry of Moneylenders under the Ministry of Law, and appears on the ministry's published list of licensed moneylenders.
Search the Ministry of Law's list of licensed moneylenders for the exact company name, then check that the address and phone number on the list match the ones you were given. If either does not match, it is not the licensed business.
No. A loan shark operates without a licence, charges whatever it likes, and uses harassment to collect. We are licensed, our charges are capped by law, and how we may contact you about a debt is regulated.
Since 2010, from the same address at Hong Lim Complex.
No. Licensed moneylenders in Singapore are prohibited from advertising loans by text, call or social media. Report it and then call our landline to let us know.
On our Google Business Profile, and collected unedited on our reviews page, including the critical ones.
Borrowing from a licensed moneylender, not a loan shark
JD Credit Pte Ltd holds moneylending Licence No. 43/2026 issued by the Registry of Moneylenders under the Ministry of Law. We have operated from the same shopfront at Hong Lim Complex since 2010. You can check our licence yourself on the Ministry of Law list of licensed moneylenders before you speak to anyone here.
There are things a licensed moneylender in Singapore is not allowed to do, and knowing them protects you:
- We cannot advertise a loan to you by SMS, WhatsApp message, phone call or social media message. If you received one claiming to be JD Credit, it was not us.
- We cannot ask for any fee before your loan is approved and granted.
- We cannot ask for your Singpass ID or password, and we will never hold your NRIC, passport, ATM card or work pass.
- We cannot approve and disburse a loan entirely online. Singapore law requires you to attend our office in person so the contract and the terms can be explained to you face to face.
- We must explain the terms in a language you understand, give you a copy of the signed contract, and issue a receipt for every payment.
If anything about an approach to you does not match that list, stop, and report it to the Police at 1800 255 0000 or the X Ah Long hotline on 1800 924 5664.
Saturday 11.00am to 4.30pm
Closed Sunday and public holidays
