Comparison Guide to the Best Personal Loans in Singapore

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The best personal loan helps you reach your financial goals, whether you use it to fund home renovations, pay for emergencies or consolidate your debt. When comparing personal loans, a primary consideration is the flat interest rate, and this is dependent on a few factors:

a) income level
b) loan amount
c) loan tenure
d) credit history

The loan with the lowest annual flat percentage rate for a given loan tenure is the least expensive — and usually the best choice. To guide your choice, we have picked the best personal loans in six categories:

Best personal loans for 6 months

Compare personal loan offers for 6 month tenure

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: SCB CashOne Personal Loan. Apply now.

 

Best personal loans for 12 months

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: SCB CashOne Personal Loan. Apply now.

 

Best personal loans for 2 years

Comparison table for best personal loans

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: OCBC Personal Loan. Apply now.

 

Best personal loans for 3 years

Best personal loan for 36 months

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: HSBC Personal Loan. Apply now.

 

Best personal loans for annual income between S$30,000 to S$80,000

Comparison table for best personal loans

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: SCB CashOne Loan. Apply now.

 

Best personal loans for annual income above S$80,000

Comparison table for best personal loans for those with annual income above S$80,000

*Rate available only on SingSaver platform
**Rate varies depending on credit profile

WINNER: HSBC Personal Loan. Apply now.

 

What to read next:

SCB Funds Transfer Review: Great to Pay Off Credit Card Debt
4 Ways to Pay Off Credit Card Debt
Four Types of Personal Loans: What You Need to Know
3 Ways to Better Manage Credit Card Debt in Singapore

 


Rohith Murthy


By Rohith Murthy
Rohith leads SingSaver, a financial comparison site aimed at helping consumers in Singapore save money and time by finding the right financial products.