Finance Companies

Finance companies are licensed under and governed by the Finance Companies Act.

They focus on providing fixed and saving deposits as well as credit facilities to individuals and corporations. They may not offer deposit accounts which are repayable on demand by cheque, draft or order. Generally, finance companies shall not grant unsecured credit facilities to any person or body of persons, which in the aggregate and outstanding at any one time exceeds S$5,000. Finance companies are not allowed to deal in any foreign currency, gold or other precious metals or acquire foreign currency denominated stocks, shares or debt securities. They may expand their scope of activities subject to MAS’ approval.

For the latest number of finance companies in Singapore, please refer to this link to the Financial Institutions Directory.

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Date Title
28 May 2004 RMD 27/2004 - MAS Notice 816 Lending of Singapore Dollar to Non-Resident Financial InstitutionsCirculars
28 May 2004 Notice 816 Lending of Singapore Dollar to Non-Resident Financial InstitutionsNotices
15 Mar 2004 FSG 02/2000: Posting of Financial Product Information On Third Party Internet Websites [Cancelled with effect from 15 Mar 2004]Circulars
22 Jan 2003 BD 6/2003 - Lifting of Limits on Car LoansCirculars
09 May 2000 FSG 16/2000:MAS Notice 806 - Minimum Cash Balances and Minimum Liquid AssetsCirculars
07 May 1999 FSG 151999 MAS Circular to Finance Companies on MAS Notice 806 Maintenance of Minimum Liquid AssetsCirculars
14 Apr 1998 MAS Circular to Finance Companies on MAS Notice 806:Minimum Cash Balances and Minimum Liquid AssetsCirculars
31 Jan 1995 Finance Companies (Maintenance of Reserves) OrderSubsidiary Legislation
16 Dec 1987 Notice 823 Dealing in Government SecuritiesNotices
20 Apr 1987 Notice 806 Minimum Cash Balances and Minimum Liquid AssetsNotices
01 Dec 1983 Notice 808 Disclosure of Directors' InterestsNotices
01 Dec 1983 Notice 812 Financing of Trade and InventoryNotices
01 Dec 1983 Notice 808 Disclosure of Directors' InterestsNotices
01 Dec 1983 Notice 802 Branches and Automated Teller MachinesNotices
01 Dec 1983 Notice 801 Appointment of AuditorsNotices

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Last Modified on 07/12/2017