Best Co-signed or Joint Loans in Singapore in 2026
Updated: 1 Jan 2026
Loan | Monthly Repayment | SingSaver Reward | Annual Interest Rate | Total Cost of Loan | EIR | ||
|---|---|---|---|---|---|---|---|
 | DBS Personal Loan | S$290 | S$500 | From 1.48 % | S$444 | From 3.22 % p.a. | |
 | OCBC ExtraCash Loan | S$323 | - | 5.43 % | S$1,629 | 11.47 % | |
 | Standard Chartered CashOne Personal Loan | S$285 | S$230 | From 0.90 % | S$270 | From 1.75 % p.a. | |
 | HSBC Personal Loan | S$289 | - | From 1.30 % | S$390 | From 2.50 % p.a. | |
 | UOB Personal Loan | S$286 | S$230 | From 1.00 % | S$300 | From 1.93 % p.a. | |
 | Citi Quick Cash | S$316 | - | 4.55 % | S$1,365 | 8.50 % p.a. |
1. Go to DBS site and click “Apply now” under Personal Loans
2. Log in using your card or ibanking details
3. Fill out and submit all required documents
4. An SMS will confirm if your loan has been approved
5. An approval letter will be mailed to you as well
Note: Applications can be done also via Singpass Myinfo on DBS' website
- Enjoy personalised rates from as low as 1.48% p.a. (EIR 2.84% p.a.) with full processing fee rebate
- Borrow up to 4x your monthly salary if you earn less than S$120,000 annually, or up to 10x if you earn more than S$120,000 annually
- Min. loan amount of S$500
- Tenure: 6 months to 5 years
- Min. income for Singaporeans/PRs: S$20,000 p.a.
- Apply via SingSaver and get your loan approved and disbursed instantly into your DBS/POSB account
- Processing fee: From 1% of the approved loan amount
- Early repayment fee: S$250
- Late payment fee: S$100 for personal loan on DBS/POSB credit card, S$120 for personal loan on DBS/POSB Cashline
1. NRIC (Front & Back)
2. CPF contribution history statement (latest 12 months)
3. Latest 1 year Income Tax Notice of Assessment (NOA)
4. Latest computerised payslip or salary crediting into a DBS/POSB account
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
OCBC ExtraCash Loan
- Up to 6 times monthly income loan amount.
- Flexible repayment tenures.
- Instant approval and disbursement via Myinfo.
- Convenient repayment options
- Processing fee applies.
- High late and early repayment fees.
- Higher minimum income for foreigners.
- High EIR
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider's approval.
1. Go to Standard Chartered's website and click "Apply Now” button under Personal Loans
2. Fill out an application and submit all required documents
3. Wait for approval of personal loan from Standard Chartered
- Enjoy low interest rates from 0.90% p.a. (EIR ~1.75% p.a.) for longer tenures. Get instant loan approval and cash disbursement in as quick as 15 minutes to your designated bank account.
- Enjoy a 5-year annual fee waiver on your Standard Chartered Platinum Visa credit card
- Min. loan amount of S$1,000
- Max. loan amount of up to S$250,000
- Allow for change of loan tenure.
- Allow for flexible repayment without late fees.
- Waiver of S$50 annual fee (from 2nd year till expiry of loan) if all instalments for the year are paid on or before the due dateMax. loan amount of up to 4X monthly salary, capped at S$250,000
- Read our full review of the Standard Chartered CashOne Personal Loan
- EIR calculated is not yet inclusive of the first-year annual fee of S$199. Interest rate in your application will be based on your credit profile as determined by Standard Chartered.
- First year annual fee: S$199
- Early repayment fee: S$150 or 3% of the outstanding principal, whichever is higher
- Change of tenure: S$50 per change
- Late payment fee: S$100
- Copy of Passport (with at least 6 months' validity), including the page with address displayed (where applicable)
- Copy of your Employment Pass
- Any ONE of the following documents:
- Latest utility bill, rates or tax bill
- Latest bank / credit card statement (e-Statements are accepted)
- Rental agreement showing your address
- Latest mobile phone statement or pay-TV statement
- Letter from employer stating current address
- Government-issued document stating current address (e.g. IRAS, CPF, ICA)
No documents required for Singaporeans / PRs applying via SingPass.
For foreigners applying via SingPass, please prepare the following:
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
1. Go to HSBC's website and click “Apply Now” under Personal Loans
2. Fill out an application and submit the required documents
3. Wait for approval from HSBC
- One of the lowest interest rates from 1.30% p.a (EIR 2.50% p.a) for those earning min. S$30,000 annually.
- No processing fees
- Instant disbursement upon approval to an HSBC bank account
- Get a 1-minute in-principle approval on your HSBC Personal Loan
- Max. loan amount equal to 90/95% of approved credit limit at time of application
- Min. loan amount of S$1,000
- Option to borrow at a slightly longer loan tenure of 7 years
- Early repayment fee: 2.5% of the repayment amount
- Overdue interest: 2.5% + prevailing interest on overdue amount
- Late payment fee: S$75 for each monthly repayment that is not received in full by the monthly due date
- High base minimum annual income requirement of S$65,000 (w.e.f. 1 October 2025) Learn more.
1. NRIC (Front & Back)
2. For salaried employees: Last 3 months’ computerised payslip, or latest Income Tax Notice of Assessment with latest 1 month’s computerised payslip, or latest 6 months’ CPF statement (for Singaporeans or PRs)
3. For self-employed persons: Last 2 years’ Income Tax Notice of Assessment
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
1. Click “Apply Now” on UOB's website
2. Fill out the application and upload all necessary documents
3. Wait for an offer from UOB
Note: Get instant approval and cash disbursed into your UOB accounts for applications submitted between 8am and 9pm
- Enjoy interest rates as low as 1.00% p.a (EIR from 1.93% p.a.)
- No processing fees
- Get instant approval and cash disbursed into your UOB accounts for applications submitted between 8am and 9pm
- Min. loan amount of S$1,000
- Min. income for Singaporeans/PRs: S$30,000 p.a.
- Read our full review of the UOB Personal Loan
- Foreigners are not eligible for UOB Personal Loan
- Cancellation fee: S$150 or 3% of outstanding approved loan amount, whichever is higher
- NRIC (Front & Back)
- For salaried employees: Last 3 months’ computerised payslip; or Latest Income Tax Notice of Assessment with latest 1 month’s computerised payslip; or latest 6 months’ CPF statement (for Singaporeans or PRs)
- For self-employed persons: Last 2 years’ Income Tax Notice of Assessment
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
Citi Quick Cash
1. Head to Citibank's website and click “Apply Now” under Existing Customers
2. Fill out the loan application
3. Get instant processing within 60 seconds upon verification of loan application
- Instant processing within 60 seconds upon verification of loan application
- No processing fees
- Borrow up to 4x your monthly salary at S$0 processing fee, for a min. loan amount of S$1,000
- Convert unutilised credit limit to cash deposited in your Citi deposits account in under a minute
- Min. income for Singaporeans/PRs: S$30,000 p.a. Min. income for foreigners: S$42,000 p.a.
- Read our full review of the Citibank Quick Cash Loan
- Instant loan disbursement available only for Citi deposit accounts displayed in the 'funds disbursement option' field
- Cancellation fee: 3% of outstanding unbilled principal amount or S$100, whichever is higher
- If min. payment amount is overdue for two consecutive months, the loan will be terminated and the total outstanding amount will be billed
1. NRIC (Front & Back)
2. Salaried employees: Past 12 months CPF statement (Singaporean/PR)
3. Income Tax Notice of Assessment and latest original computerised payslip
4. Self-employed individuals: Latest Income Tax Notice of Assessment and latest original computerised payslip
The information displayed above is for reference only. The actual rates offered to you will be based on your credit score and is subject to the provider’s approval.
What are the differences between a co-signer and a co-borrower?
In Singapore, where financial prudence is valued, understanding the roles of co-signers and co-borrowers is crucial for those seeking personal loans. Both can improve loan eligibility, but their responsibilities and access differ significantly.
Co-signer: A co-signer in Singapore essentially acts as a guarantor. They lend their creditworthiness to the primary borrower's application, agreeing to repay the loan if the borrower defaults. However, they do not have access to the loan funds, nor do they automatically receive information about the loan's progress, like payment history, unless they specifically request it. In Singapore, lenders might require co-signers to have strong credit profiles and stable incomes to mitigate risk.
Co-borrower: A co-borrower in Singapore is a joint applicant who shares equal responsibility for the loan's repayment from the start. They have full access to the loan funds and all loan-related information. This arrangement is typically seen in joint loans where both parties benefit directly from the funds and share the financial obligation. Lenders in Singapore will assess both applicants' credit and financial stability, as they are equally liable for the loan.
How can you get a personal loan with a co-signer or co-borrower?
Securing a personal loan in Singapore can be challenging if your financial profile isn't strong enough. Adding a co-signer or co-borrower can significantly improve your chances, but it requires careful planning and understanding of the process:
1. Evaluate your financial situation: Begin by assessing both your and your co-applicant's credit scores, incomes and existing debts. Lenders in Singapore scrutinise these details to determine loan eligibility and risk. Understanding your combined financial standing will help you set realistic expectations for loan amounts and interest rates.
2. Choose the right lender: Different lenders in Singapore have varying requirements for joint loans or to co-sign a loan. Some may specialise in these arrangements, while others may have stricter criteria. Compare the various loans available as well as the interest rates, loan terms and eligibility requirements from banks, financial institutions and licensed moneylenders to find the best fit.
3. Gather documents: Get all necessary documents ready for both applicants, including NRICs, proof of income (payslips, CPF statements) and bank statements. Having complete and accurate documentation will streamline the application process and prevent delays.
4. Submit the application: Apply for pre-qualification with multiple lenders to compare potential loan offers without impacting your credit score. Once you've chosen a lender, submit a formal application, which will trigger a hard credit check for both applicants.
5. Wait for approval: Lenders in Singapore will thoroughly review your application, considering both applicants' creditworthiness and financial stability. Approval times can vary, so be prepared to wait a few business days for a decision.
6. Sign the agreement: Carefully review the loan agreement, including interest rates, repayment terms and any fees, before signing. Ensure both you and your co-applicant fully understand the terms and conditions of the loan.
>> Read: Pre-qualify on SingSaver
When should you consider having a co-signer?
In Singapore, financial institutions carefully evaluate your credit and income to determine loan eligibility and terms. Including a co-signer with a robust financial profile can significantly strengthen your application.
A co-signer or co-borrower can be particularly useful if:
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Your credit score is low: While some personal loans cater to those with less-than-ideal credit, many Singaporean lenders prefer applicants with higher scores. A co-applicant with a strong credit history can improve your chances.
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You require a larger loan amount: Lenders in Singapore typically offer higher loan amounts to applicants with strong financial backgrounds. Adding a co-signer can help you qualify for a more substantial loan.
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You desire a lower interest rate: A lower Annual Percentage Rate (APR) translates to lower monthly payments. Securing a co-signer with excellent credit can potentially lead to a more favorable interest rate.
The extent to which a co-signer assists depends on:
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The co-applicant's Credit Bureau Singapore (CBS) score
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The co-applicant's credit history
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The co-applicant's debt-to-income ratio
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The specific lending criteria of the Singaporean financial institution
Potential risks of adding a co-signer
While adding a co-signer can improve loan approval chances in Singapore, it's crucial to acknowledge the potential risks involved, including:
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Shared responsibility: A co-signer in Singapore is legally obligated to repay the loan if the primary borrower defaults. This shared responsibility can strain relationships if financial difficulties arise, as both parties are held accountable.
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Impact on credit scores: Both the borrower's and co-signer's credit scores in Singapore can be affected by the loan. Late payments or defaults will negatively impact both credit reports, potentially hindering future loan applications.
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Personal relationships: Financial disputes related to the loan can damage personal relationships. In Singapore, where social harmony is valued, it's essential to have open and honest discussions about potential risks and repayment plans before entering such an agreement.