KPKT licensed money lender: our licence

Company and licence details

Interest is capped at 18% a year for unsecured loans and 12% for secured loans (Section 17A).
No charges other than stamp duty, fees payable by law and legal costs (Section 23).
Agreements are attested by a Commissioner for Oaths or other authorised attestor who explains the terms to you (Section 27).
We don't use agents or canvassers; only our own staff contact you (Section 27A).
Your personal data is handled under the Personal Data Protection Act 2010 (PDPA).

These protections come from the Moneylenders Act 1951 and apply to every licensed moneylender, including us.

A signed, stamped copy of your agreement
You must receive it before the money is lent (Section 16).
Capped interest
No more than 18% a year for unsecured loans and 12% for secured loans (Section 17A).
No compound interest
If you pay late, only simple interest of 8% a year on the overdue amount may be charged, counted day by day (Section 17).
No extra charges
Only stamp duty, fees payable by law and legal costs may be charged (Section 23).
A statement of your account
You may ask in writing for a statement showing what you borrowed, what you have paid and what remains (Section 19).
Terms explained to you
The person attesting the agreement must explain it and confirm you appear to understand it (Section 27).

You can check KPKT's official list of licensed moneylenders and compare our company name and licence number.

1
Ask for the full company name and licence number
Both are printed at the bottom of every page of this website.
2
Look the company up with KPKT
Use KPKT's official list of licensed moneylenders and confirm the name and licence number match. KPKT also has a free app, i-KrediKom, on Google Play and the App Store.
3
Check the person and the bank account
Check the person on our verify page, and pay only into the company account named in your signed agreement.