Registration for Moneylender's Test

Apply for Registration for Moneylender’s Test

Ministry of Law (MINLAW)

For Individual Users only

This licence is only for individuals with no Unique Entity Number (UEN).

Apply on GoBusiness Dashboard

Application Details

This is for the registration for Moneylender test. The Moneylender's Test is an open book format which includes 30 multiple choice questions which will be based on the content from the relevant laws and regulations, including but not limited to the Moneylenders Act 2008, Moneylenders Rules 2009 and Moneylenders (Prevention of Money Laundering, Terrorism Financing and Proliferation Financing) Rules 2009.

Contact details

• https://rom.mlaw.gov.sg/contact-us/
• 1800 2255 529 (Airtime charges may apply to calls made from mobile phones to '1800' local toll-free numbers.)
• For overseas callers, please use +65 6225 5529

FAQs

1. What are the criteria to register for the Moneylender’s Test?
   Anyone may register for the Moneylender’s Test. However, do note that passing the Moneylender’s Test does not automatically qualify a person as a Test-Qualified Manager.
2. When and how would I know if I have passed the Moneylender’s Test?
   You may check your test results via GoBusiness after one week from the date of your test.
3. How do I get appointed as a Test-Qualified Manager of an approved place of business of the licensee?
   To be appointed as a Test-Qualified Manager, the person must satisfy the following criteria:
   1. Passed the Moneylenders’ Test;
   2. Minimum four GCE ‘O’ Levels passes including English Language, or equivalent; and
   3. Fit and proper, and of good character
   Please note that the prospective employer or licensed moneylender must submit an application to the Registry via GoBusiness to appoint the person as a Test-Qualified Manager. The licensee will have the final decision whether to hire the applicant as a Test-Qualified Manager.
4. How do I log in to GoBusiness to apply for the Moneylender’s Test if I do not have a Singpass account as a foreigner?
   Foreigners without a Singpass account can request for a foreign user account to submit their licence application.

Additional Information

Fee
A non-refundable test fee of S$130 (inclusive of GST) is payable per attempt.

Requirements

Any other requirements as stipulated in the Moneylenders Act 2008, the Moneylenders Rules 2009 and the Moneylenders (Prevention of Money Laundering and Financing of Terrorism) Rules 2009.