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How to avoid a scammer or a illegal moneylender

When you are urgently in need of some cash to pay your bills or to settle some payment, we understand that you may feel desperate or stressed. However, take a deep breath and be clam before making any decision.

If you are considering to take a personal loan from a licensed moneylender, please do take your time to verify and source for a legal moneylender.

There are increasing number of scams and unlicensed moneylending reported during the first half of this year. These scams and unlicensed moneylending tends to deceives victims into taking loans.

So let’s take a look at the differences between legal moneylender and illegal moneylender/scammer


1: Google Search

The first thing you may do is to Google search a moneylender. You may key “personal loan” or “moneylender” etc.  When you see the list of results, please do not click on the website with “Ad”. As all licensed moneylenders do not use Google Ad. Those websites with “Ad’ are mostly illegal moneylender.


2: Claim to be a licensed moneylender

Scammers or illegal moneylenders will try to call you or message you, claiming to be a licensed moneylender. They may even mimic a licensed moneylender’s company name, website, office address and licensed number etc. Licensed moneylenders are disallowed to solicit for loans via text messages, phone calls or social media platforms.

3: List of licensed moneylender

There may be a website link provided by them, and these websites tends to look formal and official. However, please do search for the official list of licensed moneylenders under Ministry of Law as well, in order to verify that it is the official website of that particular licensed moneylender.

In addition, if you happen to see a link for the “List of Licensed of Moneylender” on their website, which looks similar to the PDF – “List of Licensed Moneylenders in Singapore” on Ministry of Law website. These PDF links may be outdated or even edited for their own personal gains.

Please always refer to the official website of  Ministry of Law for the latest and accurate version of the List of Licensed Moneylenders.


4: Provide attractive rate

Scammers or illegal moneylenders will advertise a very attractive rate in order to deceive victims into taking loans.

While for licensed moneylenders, all fee and interest rates are regulated and stated clearly on the loan contract. Besides, a copy of loan contract will always be provided to the borrower.

For charges and fee, please click here to know more.


5: No official office address

Scammers or illegal moneylenders might claim that with technology, and the ongoing COVID-19, loan applications could be done online via WhatsApp or phone call.

For licensed moneylender, before granting any loans. All loans application must be done in person at the approved place of business, to conduct a physical face-to-face verification.

6: Request for personal information via WhatsApp

Scammers or illegal moneylenders tends to request for your personal information via WhatsApp message and phone call. Personal information includes your payslips, residential address, bank account number, photo of NRIC, SingPass, etc.

Please do not send your personal information to an unknown contact. Your SingPass is confidential.

7:  Requesting to pay different type of upfront fee before loan disbursement

Scammers or illegal moneylenders may offer attractive loan amounts and interest rates. For example $100,000 over an extended period of 24 months or even more. However, before the loan disbursement, they will request you to make a payment for “processing fee” or “GST fee” etc. Such accounts given tends to be a personal bank accounts such as savings accounts.

If you encounter such situation, do not not proceed with the transfer or transaction. It is highly suggested to cease all communication with them and report to the police as you may be a victim of a scam.

If you encounter any of suspected scam or illegal moneylender, please report to Police hotline 1800-255-000 or National Crime Prevention Council’s X-Ah Long hotline 1800-924-5664. Alternatively, you may submit information online at


Monthly Instalments Loan. What Are The Charges?

A monthly instalments loan from a licensed moneylender is a quick and reasonable choice when you need to pay for something urgently or when you are facing an unexpected spike in your expenses.

At Aero Credit, a reputable and licensed moneylender here for you. We are ready to provide monthly instalments loan which might help you navigate such emergencies promptly and safely.

As experienced personal loan providers, we understand that situations like these are common:

Sometimes we need to prepare extra cash for festivals or vacations.

Sometimes we need to set aside cash for domestic bills – e.g., hospital bills, phone bills, rental, monthly installments on home loan.

If you are facing one of these types of situations or some similar cash-flow issue, we invite you to share your issue with us and allow us to assist you to our best abilities.


Here are the charges when take up a personal loan from a licensed money lender:

  • Admin fee: 10% 

Upon loan approval, there is a one time admin fee which will be deducted direct from the loan disbursement.

  • Interest: no more than 4%  

At Aero Credit, our interest rate is 3.92% per month, the interest is calculated base on the outstanding principal amount.


Like other personal loan from bank or car hire purchase loan from a finance company, there are late charges when the payment is overdue. Therefore, it’s important to pay the loan instalments on time to avoid incurring late payment fees and late interest.

  • Late fee: $60 per month 
  • Late Interest: no more than 4%  


If you would like to know more about personal loan from Aero Credit, please click FAQ.

Alternatively, you may drop us a call or click on the chat icon for a non-obligation discussion.


It’s coffee time.

Here is a good news for all Starbucks fans.

Starbucks is offering 1 for 1 promotion on selected drinks.

Pay with your Starbucks cards and get this deal now.


Choose from these drinks:


Peach Cloud with Jelly

Java Chip Frappuccino

Chocolate Granola Banana Yogurt Frappuccino


Get your drinks now, promotion is valid at all outlets, except Changi and Jewel outlets.


Promotion is valid from 17-20 August 2020.




Aero Credit Pte Ltd has been relocated from City Plaza #02-15 to City Plaza #02-59 with effect from 11th August 2020.

To provide a better experience and environment for you.


How to come to the new office address?

Its just a few steps away, please follow the map. Its just near to the staircase, escalator, and passenger lift.


Do take note that there are no changes to our contact number as well as our company’s bank account number.

Please do contact us for any queries, or simply click the blue icon on the right bottom to chat with us directly.

Aero Credit Pte Ltd
810 Geylang Road City Plaza #02-59 S409286


To know more about this shopping mall, click here.

Why should I consider debt consolidation loan

Why should I consider a debt consolidation loan?  A simple reason is that, its easier for us to manage our monthly expenses. All services will come under one single bill, with one payment due date.

Sometimes it’s good to have just one, rather than a few. A simple example,  we may sign up a bundle deal under one telco company. And the bundle includes our home landline, fibre and even TV channels.

Now, let’s talk about personal loan from licensed moneylender. Imagine this, a scenario that you have to take up three personal loans from three separate moneylenders in Singapore.

For example:

You applied for a personal loan from Moneylender A, $2,000, with a 5 months instalment plan.

After a month or so, you realised that you are in need of extra funds for education fees. It will be due in 3 days, and you decided to take a second loan from Lender B . A $2,500 personal loan, with a 4 months instalment plan.

Two months later, and you have decided to take a third loan as its a public holiday and you require some cash for family holiday expenses.  A third personal loan of $1,500 taken from Lender C with a 4 months instalment plan

Assuming that all these monthly loans falls on different days of the month. The first loan due on the 17th, the second loan due on 21st, and the third loan on 28th.

Out of good repayment habit, you might have to place three different reminders on your handphone’s calendar to remind yourself of the due dates. You might even receive general reminder messages from the moneylender on the day itself or one business day prior, reminding you that your payment is due.

And now comes to the advantages of taking one loan rather than three personal loans.

Rather than having to keep track of the different loans, making different payments to different entities at different places. It would be a hassle free experience to have a debt consolidation loan with Aero Credit Pte Ltd.

One date, One place, it’s that simple.

To know more information on debt consolidation loan, please click here.

If you have any question, please do not hesitate to contact us for a non-obligation enquiry.

We always encourage customers only take the loan amount within repayment abilities.

Let’s us plan together with you, for a better life style, a healthier finance cash flow and a easier repayment plan.

City Plaza Entrances during Phase 2

Dear Valued Customers. It’s the start of phase 2. As a result, more entrance to city plaza are available.

If you are commuting via public transport. The entrance/exit available are as follows:
1) Entrance near Hong Leong Finance (Facing Geylang Road, Paya Lebar Quarter/PLQ)
2) Entrance near passenger lift (Facing Tanjong Katong Road, Kinex Mall/OneKM)
3) Entrance near cargo lift (Facing Guillemard Road)

If you are driving, car park entrance is located at Guillemard Road.  Do wind down your windows as temperature taking will be done at the gantry of the car park. You can now enter the plaza directly from level 4 or 5 carpark.

Our operating hours are back to usual: 
Monday – Friday: 11am-8pm
Saturday: 11am-3pm
Close on Sunday and Public Holidays

Address:  810 Geylang Road City Plaza #02-15 Singapore 409286

Nearest MRT: Paya Lebar MRT

Do feel free to contact us to arrange for an appointment.




Ways to save money on takeaway and delivery food

Have you ever looked at your bank account and wonder how you’ve spent all your money on food?

Me too.

To avoid getting overwhelmed by your monthly credit card bill, we have summarized some tips and tricks to save money during the Covid-19 period.


Tip #1: Finding deals on delivery apps (Eg. Collins’s Restaurant)

Currently, Collins is having a 20% discount for all takeaway orders direct from their store. They are also having a 50% off on orders ordered through Foodpanda, Grabfood and Deliveroo.

With all the additional charges from the third party sites, will it be cheaper to order direct from Collins or through the applications?

Changi Airport Terminal 3 Collins outlet:

  • Marina Square
  • Northpoint City
  • Cineleisure Orchard
  • Jubilee Square
  • Westgate
  • Funan
  • Paya Lebar Quarter (PLQ)
  • Nex


Tip #2: Getting a subscription plan. (Grab)

Grab enthusiasts rejoice! After the very unfortunate suspension of the All Access Plan and Commute Plan, Grab has come up with 2 new plans – Daily Value Plan and Food Plan.

The Daily Value Plan gives you 15% off your ride, through 25 vouchers (valid on selected rides). In addition, it gives you 5 food vouchers for free GrabFood delivery, with a minimum order of $12. The Daily Value Plan is great if you are a frequent user of both Grab and GrabFood.

Grab’s Food Plan is a cheaper alternative if you are stuck at home like most of us during this period of time. THis subscription plan gives you 50 food vouchers for free GrabFood delivery. The food voucher cannot be used in conjunction with other Grab promotions or Grab Rewards.

One thing to note is that the vouchers have to be purchased with Grabpay or GrabPay Credits


Tip #3: Buying Cash Vouchers – up to 15% off

If you are not a frequent user of delivery apps, and wish to get the best bang for your buck, you can consider purchasing cash vouchers insteads. These vouchers are available on platforms such as Shopee and Lazada and range from $10 onwards.

How it works is you essentially purchase a fixed-value voucher on one of the previously mentioned platforms at a discounted price and use it to offset purchases when you actually purchase the food.

How to sleep better

Since the coronavirus outbreak started, many countries go on lockdown and many people start to work from home since March or April, or even earlier. Some are have been complaining can’t sleep well. Even though Singapore has exited the “Circuit Breaker” and now we’re in phase one, many Singaporeans are still working from home and many still can’t sleep at night.

If you’re having sleeping problem as well, We will be giving you some tip and hopefully it will fix your body clock.


Do not consume caffeine at night

When caffeine is consumed late at night, caffeine will stimulates your nervous system and may stop your body from naturally relaxing at night. Therefore, drinking large amounts of coffee at night is not recommended.


  1. Exercise daily

Regular physical activity can promote better sleep, Include this in your daily routine. You may noticed that, the traffic is much lesser than usual due to circuit breaker, and it’s a good time for a jugging near your house, even you are staying in CBS area. You may consider to go to the nearest park as well.


  1. Naps

As most of us are working from home or on a staggered working hours, we may slowly form a habit of naps during the lock down. Long naps can affect your night sleep. If you choose to nap, limit yourself up to 1 hour and not too late in the day. However, If you take regular daytime naps and sleep well, you shouldn’t worry. The effects of napping depend on the individual.


  1. Put away your smart phones

Electronic devices keep your mind awake, it is advised to put away devices like smart phones and tablets at least one hour before bedtime. Even we don’t have to report to office in the next day as most of us are still working from home, but it’s still advisable to maintain the same bedtime.


  1. Pay attention to what you eat

Don’t eat too much food when it’s late or before you sleep. They overload your digestive system, which affects how well you sleep but also do not go to bed hungry.


  1. Wake up the same time everyday

Wake up at the same time every day, even on weekends or holiday. Waking up at the same time everyday will help you sleep better at night.


  1. Bedroom temperature

Bedroom temperature actually affect your sleep more than external noise. Around20°C seems to be a comfortable temperature for most people but it depends on your preferences and habits.


  1. Keep your room dark at night

Keeping your room as dark as possible when you’re going to sleep. Switch off all the lights, putting curtain to block lights outside your window. Blackout eye mask if your room is still bright.


  1. Schedule time for worrying.

Set aside 15 to 30 minutes a day to worry about things and unwind for the day.

Identify actionable issue and note down on the immediate next course of action. (i.e Financial issues, Family issues, Work-related issues, etc.)

Set a reminder for each action and be accountable for it.



Still having trouble sleeping?

Do not hesitate to consult a doctor or sleep profession.

Know more about safe-reopening

Phase 1: Safe-reopening

  • Safe work

  • Safe home and community

  • Safe school

  • Safe care


Safe work:

Business that will start to operate includes:

 – Essential business

– Most manufacturing and production facilities (semi-conductors and medical technology)

– Most businesses with employees working in offices and setting that do not require interactions with large groups of people (finance, insurance, IT , info services)


Same home and community:

– House visits: each household will be allowed to visit their relatives staying elsewhere. However, each household should limit such visits to only one per day, with not more than 2 people from the visiting household.

– Marriage solemnisations: involving up to 10 persons will be allowed to take place in-person again

-Place of worship: can re-open for private worships, with up to 5 members of the same household praying together at any one time

-Wakes and funerals: families can gather for wakes and funerals, with no more than 10 people at any one time


Safe school

-Pre-schools and early intervention centres: K1 and K2: 2 Jun, N1 and N2 8 Jun, Infant care and Playgroup: 10 Jun

-Primary and Secondary School: alternate between school and HBL, odd week: PRI 4,5,6 + SEC 1,2,4,5, even week: PRI 1,2,3,6 + SEC 3,4,5

-JC and MI: half of the students will return to school at any one time, with priority giant o JC2 and Pre-U 3 students

– Institutes of Higher learning: Poly – HBL; ITE, Autonomous Uni (SIT, SUTD) – rotate between online and on-campus lessons. Students will return primarily for practical and lab sessions. Students from other Autonomous Uni will have their vacations

-Special Education (SPED) schools: students’ return will be staggered from 2 June, all will be back in school by 8 June. All students and staff will need to wear masks or face shield. CCAs, enrichment activities and tuition will not resume. Student care centres will fully re-open on 2 June. Along with the re-opening of schools


Safe Care:

-Healthcare services: specialist outpatient services, medical procedures, community-based services and chronic disease management will resume, prioritised based on medical necessity and available capacity while maintaining safe distancing and precautionary measures. Preventive health services and complementary health services (TCM) will recommence

-Senior services: Current measures will remain. However, senior activity centres will gradually resume in a safe and controlled manner.

-Community-based centre services: for persons with disabilities will also gradually re-open, with safe distancing measures in place. Staff are also required to take necessary precautions, including wearing masks, maintaining good personal hygiene. Activities will be held in smaller groups, and persons who have medical conditions are encouraged to remain at home to receive home-based support.


Phase 2: Safe Transition – almost the whole economy will re-open, with safe measurements being in place.

-Retail, F&B and other services: Most businesses will be allowed to resume, with limitations such as group size and capacity in placed. Sports and other public facilities will be opened too

-Social interactions and family visits: Masks will remain compulsory, small-group gatherings of up to 5 people will be allowed. Households will be allowed to receive 5 visitors per day. To support seniors and their caregivers, more senior activities and programmes will resume with appropriate safe measures in place

-Schools: will fully from end-June, while Institutes of Higher Learning (IHLs) will gradually increase the number back on campus at any one time

-The government will be engaging with higher-risk activities, such as cultural venues, entertainment venues and large-scale events, on how and when they may resume safely.


Phase 3: Safe Nation – new normal fro Singapore until a vaccine or treatment is developed

-Higher-risk activities would have resumed, with gathering sizes limited in order to prevent large clusters

-Seniors would be able to resume day-to-day activities, while practicing safe distancing measures as well as avoiding peak period travel, crowded places and large groups.

What type of personal subsidy is given from government during Covid-19?

Due to the Covid-19 pandemic, many jobs are lost, wages cuts, and even some businesses are forced to shut down. The closure of these non-essential services are expected to cost roughly 10 billion dollars.

The circuit breaker measures was implemented by the government to combat Covid-19. These measurement have reflected a significant improvement as the number of affected cases per day are dwindling. After 2nd June 2020, businesses are gradually allowed to re-open over 3 phases, depending on the type of industry.

During these difficult times, you may have considered applying for financial assistance from banks or licensed moneylenders. Before approaching any bank or licensed moneylender, we would like to share with you of the list of assistance schemes. This scheme is for individuals and households whose livelihoods have been severely affected by the COVID-19 pandemic.

Now let’s take a look at the various financial assistance schemes provided by the government.

If you are keen on applying for financial assistance with a banks or licensed moneylenders, please do contact the bank or licensed moneylender directly. In the first half year in 2020, the number of scams has been increased by 7% as compared to the first 6 months in the previous year. There has been several reports of unlicensed moneylending, where perpetrators disguise as licensed moneylenders to deceive victims into transiting funds to them.

Do take note that licensed moneylender do not advertise through WhatsApp or cold-calls. If you have received similar messages or calls, it is likely than an unlicensed moneylender has approached you.

For every loan taken up with a licensed moneylender, applicant will need to proceed to the licensed money lender office. For all loan application, it has to be done face-to-face. In addition, licensed moneylenders are not allowed to impose any fees before granting any loans. For more information, please do not hesitate to contact us, or simply click the chat button on the right side, and start to chat with us ( if you are using mobile. If you are using laptop, please kindly log in to WhatsApp Web” )

Click here to know the list of licensed moneylenders.

Online Enquiry

Very often, it is only when you reach the bank or meet a lender that you are told your credit rating is not good enough for a loan. That can be immensely frustrating when your need for additional cash or extra funds is urgent. Use our Online Enquiry service to find out if you are eligible for a loan — it is easy, and it is fast.