National Reserve Bank of Tonga List of Licensed Moneylenders
- Details
- Category: Public Notice
- Created: 23 October 2023
The public is advised that businesses and individuals offering money lending services must have a valid license issued by the Reserve Bank under the Moneylenders Act 2018. Authorized lenders are required to display their license at their main location, so customers can easily verify their legitimacy. Stay informed and make wise financial decisions!
| Also read in Tongan: Lisi ‘o e Ngaahi Kautaha Nō atu ‘o e Pa’anga ‘oku laiseni ‘I he Pangikē Pule Fakafonua ‘o Tonga |
The Reseve Bank seeks that we work together, to ensure a safe and secure financial environment for everyone. If you come across anyone conducting unauthorized moneylending, kindly report them to the Reserve Bank. Unauthorized moneylenders must immediately stop their operations and apply for a valid license from the Reserve Bank. It is crucial to know that any agreements made with individuals claiming to be moneylenders without a valid license are not legally binding.
Conducting money lending without a license is a serious offence, punishable by a fine of up to $10,000 or imprisonment for up to three years, or both, as per section 3 of the Moneylenders Act 2018.
The list below are authorized to operate moneylending business in the Kingdom under the Moneylenders Act 2018:
TYPE A
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TYPE B
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TYPE C
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The licensed moneylenders listed above are also reminded to contact the Reserve Bank immediately for its annual license renewal. For more information, please contact the Non-Bank Financial Institutions Department of the National Reserve Bank of Tonga.
Enquiries
Financial Institutions Department
National Reserve Bank of Tonga
Fasi mo e Afi
NUKU'ALOFA
Telephone: (676) 24057
Fax: (676) 24201
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
