Convenient, transparent loans for Singaporeans and PRs.
Credit Culture Personal Loan is one that you can consider if you appreciate access to personalised rates with transparent loan terms for loans of up to $50,000.
With instant approval, loan tenures of between one and three years, no early repayment fees, interest rate starting from 0.8% a month, this loan option is suitable for Singaporeans and PRs who need cash fast.
Table of contents
- Overview: Credit Culture Personal Loan
- Why should you choose Credit Culture Personal Loan?
- Who should apply for the Credit Culture Personal Loan?
- Eligibility, fees & other charges
- How to apply for Credit Culture Personal Loan?
What the Credit Culture Personal Loan can do for you
Credit Culture Loan product summary:
- Interest rate: Up to 1% per month
- Loan tenures: 1 to 3 years
- Max. loan amount: $50,000
- Approval Time: Instant approval with instant loan disbursement upon face-to-face verification
Pros | Cons |
Transparent fees and rates | Not available for foreigners |
Personalised interest rates starting from 0.8% per month | Face-to-face verification required for loan disbursement |
Instant approval | |
Instant loan disbursement upon verification |
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Plus, get 2x chances in our March Madness Grand Lucky Draw, where you stand to win 2x Round Trip Business Class plane tickets to Tokyo (worth S$13,144). Promo runs from 6 Mar, 5pm, to 31 Mar 2024. T&Cs apply.
SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for a CIMB Personal Loan:
Receive an Apple iPhone 15 128GB (worth S$1,311) or a Dyson V12 Fluffy (worth S$969) or an Apple Bundle (worth S$737) [Apple iPad 10th gen 10.9 wifi 64 GB + Apple AirTag] or a Dyson AM07 (worth S$459) or up to S$1,200 Cash when you get approved for a CIMB Personal Loan with a min. loan amount of S$8,000 and tenure of 3 to 5 years. Applicable to new customers only. Valid till 31 March 2024. T&Cs apply.
Also, apply for a CIMB Personal Loan of at least $30,000 with tenure of 3 to 5 years and get approved by 30 May 2024 to enjoy 2.80% p.a. interest rate (EIR from 5.2% p.a.). Valid till 30 April 2024. T&Cs apply.
Why you should choose Credit Culture Personal Loan
#1: Transparent fees and rates
Credit Culture is upfront about fees and interest rates from the start so consumers are empowered to make a better-informed decision when comparing and choosing a loan best suited to their needs.
Additionally, as a digital operation, Credit Culture is more than happy to pass on savings from reduced operational costs to its customers in the form of lower interest rates, competitive processing and late fees. Credit Culture does not charge early repayment fees, too.
See also: Your Go-To Personal Loans Guide in Singapore
#2: Personalised interest rates starting from 0.8% per month
Credit Culture uses credit reports from CBS and analyses them with their proprietary credit scoring and decisioning engine to determine personalised interest rates for every consumer. Interest rates go up to 1% per month. And with their digitised, straight-through application process that helps reduce manpower costs, Credit Culture is able to pass on the savings to their customers.
Do note that in general, customers with an annual income of more than $30,000 are typically granted lower interest rates than customers with an annual income of between $20,000 and $30,000.
#3: Instant approval
Credit Culture’s digital solution allows customers to get instant loan approval, thanks to their proprietary decisioning technology that instantly retrieves and analyses CBS data. This helps consumers save time upon application as MyInfo fields are pre-filled and there is no need to upload any additional documents.
#4: Instant loan disbursement upon verification
Customers also enjoy the convenience of being able to receive the loan amount immediately via their preferred bank account. The only condition is that customers will have to head down to the Credit Culture office at Craig Road for a face-to-face verification. This is part of the protocol as required by the Ministry of Law.
SingSaver Exclusive Offer: Receive an Apple iPhone 15 128GB (worth S$1,311) or an Apple iPad 10th Gen 10.9 wifi 256 GB (worth S$925.50) or a Dyson SuperSonic (worth S$699) or a Nintendo Switch OLED (worth S$549) or a Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429) or up to S$1,200 Cash when you get approved for a UOB Personal Loan with a min. loan amount of S$8,000 and tenure of 1 to 5 years. Applicable to new customers only. Valid till 8 April 2024. T&Cs apply.
For whom is the Credit Culture Personal Loan best for?
Credit Culture Personal Loan is best for Singaporeans and PRs who need quick access to a loan of up to $50,000.
Summary of interest rates
Based on loan amount of $10,000:
Loan Tenure | Flat Interest Rate (per month) | Processing Fee | Monthly Instalments | Total Repayment |
1 year | 0.8% | 1% | $913.33 | $10,960 |
2 years | 0.8% | 1% | $496.66 | $11,920 |
3 years | 0.8% | 1% | $357.78 | $12,880 |
What charges or fees should you look out for?
- Processing fee: 1% to 3% of approved loan amount
- Late payment fee: $60 for each missed payment
Eligibility criteria
- Between 21 and 60 years of age
- Minimum annual income for Singapore citizens and PRs: $20,000
- Singaporeans and PRs only
🎉SingSaver's March Madness Grand Lucky Draw🎉: Get 1x chance to win a pair of Round Trip Business Class plane tickets to Tokyo (worth S$13,144) when you successfully apply for an HSBC Personal Loan. Promo runs from 6 Mar 2024, 5pm, to 31 Mar 2024. T&Cs apply.
SingSaver Exclusive Promotion: Enjoy the following rewards when you sign up for an HSBC Personal Loan:
Receive an Apple iPhone 15 Pro 256GB (worth S$1,825.75) or a Dyson 360 Vis Nav™ robot vacuum (worth S$1,649) or an Apple Bundle (worth S$$1057.60) [Apple iPad 10th Gen 64GB (worth S$691.60) + Apple AirPods Pro Gen 2 (worth S$386)] or a PlayStation 5 Digital Version (worth S$669) or Dyson V8 Slim Fluffy (worth S$509) or S$50 cash via PayNow when you get approved for a loan of min. S$10,000 with tenure of 3 to 5 years. Valid till 30 April 2024. T&Cs apply.
How to apply?
Simply head over to Credit Culture's website to create your Credit Culture account and apply.
- Log in to SingPass (MyInfo) for verification and upload your Credit Bureau Singapore (CBS) report
- Select the amount you wish to borrow and the period over which you wish to repay.
- Face-to-face verification with our Loan Officers to verify your identity.
- Get an instant decision on your approved loan amount.
- Accept the loan agreement and instantly receive funds in your designated bank account, if approved.
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