Updated: 23 Jun 2025
What is a credit score?
According to Credit Bureau Singapore (CBS), credit score is a number that shows your credit history and how you handle money. In Singapore, it ranges from 1,000 to 2,000. A higher score means you're seen as more trustworthy.
Your credit score touches many parts of your financial life:
Loan approvals and interest rates
Credit card applications
Rental agreements
Employment opportunities in finance-related fields
Singapore doesn't use the FICO score, but the CBS looks at similar things when figuring out your score:
Factor | Impact on Credit Score |
|---|---|
Payment history | High |
Credit utilisation | Moderate |
Length of credit history | Medium |
Types of credit account | Low |
Recent credit inquiries | Low |
Knowing a good credit score in Singapore helps you manage your money better. Scores above 1,800 are great, while scores below 1,723 might worry lenders.
Checking your credit score in Singapore can be free. There are many ways to monitor your credit and check your report without spending money. Let's look at how you can get your credit info for free.
Government-provided Free Credit Report Options
The Singaporean government provides a free credit report once a year through the Credit Bureau Singapore (CBS). You can request this report online or in person at their office. The report details your credit history and score.
Online Platforms Offering Free Credit Score Checks
Many online platforms in Singapore let you check your credit score for free. These include:
Credit Sesame Singapore
CreditMantri
These platforms work with credit bureaus to give you accurate and current info.
To get your free credit report in Singapore, just follow these steps:
Visit the CBS website or a trusted online platform
Create an account or log in
Verify your identity using SingPass or other acceptable documents
Request your free credit report
Review your report for accuracy
Checking your credit report often is key to good financial health. You can keep track of your finances without any costs by learning how to check your credit score for free in Singapore.
A credit score shows how likely you are to pay back loans and manage credit well. It's based on your credit history and other things like how you've paid bills, your current debts, and how much credit you use.
Credit scores in Singapore look at your payment history, how much credit you use, how long you've had credit, the types of credit you have, and recent credit checks. Paying on time, keeping credit card balances low, and managing your credit well can help your score.
To better your credit score, pay bills on time, keep credit card balances low, don't open too many new accounts at once, and check your credit report for mistakes. A steady, responsible credit history can greatly improve your score over time.
A score above 1,800 out of 2,000 is seen as excellent in Singapore. Scores from 1,600 to 1,800 are good. Scores under 1,500 might show credit risks and could make it harder to get good financial products or services.
It's wise to check your credit score at least once a year. However, if you're planning to apply for a loan or credit card, it's a good idea to check it more frequently. Regular checks help you spot any issues early and take steps to improve your score.
Yes, foreigners residing in Singapore for work or study can check their credit score. They need to have a valid work pass or student pass and meet the Credit Bureau Singapore's requirements for identity verification.
If you spot any errors in your credit report, contact the Credit Bureau Singapore immediately. You can file a dispute online or in writing. The bureau will investigate and correct any verified errors, which can help improve your credit score if the mistakes were negatively impacting it.