Limited Offer: Exclusive Low Rates from OCBC and HSBC

|Posted by | Personal Loans

hsbc ocbc exclusive personal loan at singsaver

Singaporeans and Permanent Residents who apply for OCBC personal loans through enjoy exclusive rates as low as 3.53% p.a.!

Editorial note: An earlier version of the article that stated S$1,961 savings on repayments has been corrected to S$1,455

At some point in your life, you may need to get a personal loan in Singapore. Your reasons for getting it may be out of necessity or out of choice.

Whatever your reasons are, make sure to spend a few minutes comparing personal loans. As with choosing a mobile phone or laptop, you need find the product most tailored to you at the most reasonable price.

In the case of personal loans, finding one with the lowest rates and flexible terms is extremely important. The lower the interest rate, the less money you pay over time. This kind of careful research and planning helps you afford your monthly payments while avoiding spiraling debt.

How Much Can You Save By Comparing Personal Loans?

On average, personal loans in Singapore have interest rates of 7-8% p.a. However, a quick scan of the market reveals loan packages with even lower rates and processing fee waivers.

We calculated how much you’ll pay for a S$10,000 loan with a 3-year tenor at different banks:

S$10,000 Loan Over 3 Years

Bank Name Annual Flat Interest Rate EIR (Effective Interest Rate) Processing Fees/ Annual Fees Interest (3 Years) Principal + Interest (3 Years)
HSBC * 4.70% p.a. 8.50% p.a. Waived S$1,410 S$11,410
Citibank 4.83% p.a. 9.00% p.a. Waived S$1,449 S$11,449
Standard Chartered Bank 8.38% p.a. 16.63% p.a. S$299 S$2,514 S$12,514
OCBC * 3.53% p.a. 8.33% p.a. S$200 S$1,059 S$11,059
DBS 6.80% p.a. 13.63% p.a. S$200 S$2,040 S$12,040
UOB 8.00% p.a. 15.84% p.a. S$180 S$2,400 S$12,400

* Exclusive interest rates for new applicants who apply through

Between the bank with the highest rate (Standard Chartered Bank, 8.38% p.a.) and the lowest rate (OCBC, 3.53% p.a.), you can save S$1,455 on interest payments.

Compare Personal Loans

Exclusive Low Interest Rates from HSBC and OCBC

Today, were excited to announce exclusive low interest rates on personal loans from HSBC and OCBC.

New applicants who apply for OCBC ExtraCash Loan through enjoy 3.53% p.a. (formerly 8.18% p.a.) a 3-year loan tenor. This rate is far lower than the 8.18% p.a. (EIR: 17.16%) if you go direct to OCBC. 

OCBC’s Lowest Interest Personal Loans at

Loan Tenure 1 Year 2 Years 3 Years 4 Years 5 Years
Flat Annual Interest Rate 3.64% p.a. 3.54% p.a. 3.53% p.a. 3.55% p.a. 3.57% p.a.
Effective Interest Rate 10.98% p.a. 9.01% p.a. 8.33% p.a. 7.98% p.a. 7.77% p.a.


Note that you can only get OCBC ExtraCash Loan’s exclusive low rate if you have a Risk Grade of AA. Check your Risk Grade before applying for the loan by getting a copy of your credit report from Credit Bureau Singapore (a fee of S$6.42 applies).

Meanwhile, new applicants who get HSBC Personal Loan through enjoy the 4.7% p.a. exclusive rate (formerly 5.6% p.a.).

These rates are available until 31 May 2016 only, so take advantage of them while they’re still there!

We keep working closely with banks to provide the lowest interest rates in Singapore. If you haven’t done so yet, subscribe to our newsletter to get first dibs on more exclusive offers from us.

Compare Personal Loans