1. Tell us what you know
Your lender, the amount, the rate and how many months are left. If you have your MLCB report or loan contract, add it. If you don't, skip it and we'll follow up.
Have a licensed moneylender loan? Ask if the rate can be lower.
Tell us about the loan you have now. If a licensed lender can beat your rate by at least 1%, you'll see the difference before you do anything.
Check my loanFree to check. Nothing changes unless you say yes.
ExampleIllustrative calculation
Your loanS$20,000 · 8 months left
Now3.92%a month
Possible2.92%a month
S$121.23 less a monthS$969.84 over the 8 months
Shows a rate 1% lower on the same amount and term. Excludes fees and settlement charges. Not a guaranteed offer.
How the check works
2. We ask licensed lenders
We check whether one may offer you a rate at least 1% lower.
3. You decide
The lender sets the approval and the terms. If you say no, your current loan carries on as it is.
You don't need to borrow more
This check is only about the loan you already have. We won't ask how much you need.
Need a new loan? Start hereQuestions
Does it cost anything?
No. You don't pay YPayMore to check.
Do I have to switch?
No. Nothing changes unless you say yes.
Is a lower rate guaranteed?
No. Lenders decide whether to make an offer and at what rate.
Will it show on my CBS report?
Checking isn't a bank loan application. Licensed moneylender loans are recorded with MLCB, separately from CBS.