SingSaver summary:

Trust Bank’s Instant Loan offers fast, fully digital personal loans with flexible terms, competitive rates from 2.22% p.a. (EIR from 4.22% p.a.), and no processing fees—ideal for borrowers seeking quick and convenient financing.

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Full Review

Trust Bank’s Instant Loan combines speed, flexibility, and simplicity for borrowers in Singapore.

With interest rates from 2.22% p.a. (EIR from 4.22% p.a.), no processing fees, and a fully digital application via the Trust app, it’s designed for those who need fast access to funds without the paperwork hassle.

Eligible users can borrow from S$500 up to their available credit card limit, choosing repayment terms from 3 to 60 months. While early repayment comes with a 3% fee and partial repayments aren’t allowed, the instant disbursement, transparent terms, and exclusive sign-up gifts make it a strong option for short- to mid-term financing.

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Instant funding via app: Trust Bank’s biggest advantage is in its name—speed. Eligible Trust cardholders can receive funds in as little as 60 seconds after approval, with the entire application, approval, and disbursement process handled digitally through the Trust app. It’s one of the fastest turnaround times in Singapore’s personal loan space.

No processing fees or hidden charges: Unlike many lenders that tack on upfront fees, Trust Bank charges zero processing fees. What you see is what you get—no administrative or service charges cutting into your loan amount.

Low minimum loan amount: Borrowers can take loans starting from just S$500, making this an accessible option for short-term, small-ticket financing, ideal for emergencies or one-off purchases.

Flexible repayment terms: Loan tenures range from 3 to 60 months, allowing borrowers to choose a repayment schedule that suits their cash flow. All repayments and statements are managed seamlessly within the Trust app.

Fully digital loan management: Everything from application to repayment is done via the Trust mobile app—no paperwork or branch visits needed. You can monitor your loan, check payment schedules, and manage your credit card all in one place.

Transparency and control: There are no partial repayments, but borrowers can settle the loan early by paying a 3% early repayment fee. This upfront policy helps borrowers avoid unexpected penalties or interest traps.

No partial early repayment: Borrowers who want to repay their loan early must settle the full outstanding principal and pay a 3% early repayment fee. Partial repayments aren't allowed, which reduces flexibility for those who want to reduce interest by paying off in chunks.

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No secured loan alternative: Like many digital loans, Trust Bank’s Instant Loan is unsecured. Borrowers who might qualify for better rates using collateral (e.g., fixed deposits or property) won’t find such options here.

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If you need fast cash without the hassle of paperwork, Trust Bank’s Instant Loan is one of the sleekest digital options around. It’s built for speed, with approvals and disbursement in under a minute for eligible customers, and has no processing fees or hidden charges to worry about.

The real standout? Its low entry point. You can borrow from as little as S$500, making it perfect for short-term or emergency expenses.

That said, this loan shines most when you’re clear on your repayment plan. There’s a 3% fee for early full settlement and no partial repayments allowed, so it’s best suited for borrowers who prefer predictable payments and plan to stick to their chosen tenure.

You can use Trust Bank Instant Loan for:

• Credit card debt or personal loans.

• Emergency expenses, such as medical bills or urgent repairs.

• Home improvement projects.

• Travel and holidays.

• Weddings or major life events.

• Education-related costs (non-tertiary).

Trust Bank prohibits the use of its personal loans for:

• Investing.

• Business expenses.

• Real estate.

Most lenders have basic eligibility criteria, and Trust Bank is no different. To apply for an Instant Loan, you’ll need to meet certain age, income, and credit requirements—and be an existing Trust customer.

Here’s what you’ll need to apply:

• Be between 21 and 65 years old.
  
  

• Earn at least S$30,000 annually if you're a Singapore Citizen or PR, or S$60,000 if you're a foreigner holding a valid Singapore work pass.
  
  

• Hold an existing Trust credit card with at least 6 months of usage history.
  
  

• Have a sufficient credit limit available, since the loan amount is drawn from your Trust card’s credit limit (minus a buffer reserved for spending).

Employment or proof of income isn’t directly requested in the app, but it may be assessed as part of your existing credit evaluation. Your approval is primarily based on your Trust credit profile and card history.

These are the steps to apply for a Trust Bank Instant Loan.

1. Log in to the Trust app. Since this loan is exclusive to Trust cardholders, you’ll need to use the Trust mobile app—no website form or external paperwork required

2. Head to the “Instant Loan” section. This is found under the "Money" tab. The app will show you your eligible loan amount based on your available credit limit.

3. Choose your loan amount and tenure. Select how much you want to borrow (from S$500 up to your credit limit minus buffer) and how long you’d like to repay, from 3 to 60 months.

4. Confirm and submit. Once you review the repayment schedule, tap to confirm. Funds are typically disbursed within 60 seconds if approved.

Trust Bank’s Instant Loan offers fast, fully digital approvals and small loan amounts from just S$500, which is great for urgent, short-term needs. In contrast, HSBC and Standard Chartered offer higher loan ceilings and longer terms, but require more paperwork and slower disbursement.

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