Best Credit Line in Singapore 2025
Updated: 2 Jul 2025
Loan | Monthly Repayment | SingSaver Reward | Annual Interest Rate | Total Cost of Loan | EIR | |||
|---|---|---|---|---|---|---|---|---|
 | HSBC Personal Line of Credit | S$919 | - | 0.19 % | S$1,030 | 18.50 % p.a. | ||
 | UOB CashPlus | S$931 | - | 0.21 % | S$1,168 | 7.53 % p.a. | ||
 | DBS Cashline | S$940 | - | 0.23 % | S$1,283 | 7.56 % p.a. | ||
 | OCBC EasiCredit | S$940 | - | 0.23 % | S$1,283 | 19.98 % p.a. | ||
 | Citibank Ready Credit | S$941 | - | 0.23 % | S$1,286 | 6.50 % p.a. |
- Borrow up to 8x of your monthly salary if your annual income is above S$120,000 or 4x of monthly salary if your annual income is lower than S$120,000, subject to a cap of S$200,000. Foreigners can only borrow up to 4x of monthly salary, capped at S$100,000.
- Prevailing interest rates are dependent on your banking relationship with HSBC.HSBC Premier customers: 12% p.a. HSBC Advance, Visa Platinum, or Revolution credit card customers: 16.5% p.a.All other customers: 18.5% p.a.
- Get access to cash via withdrawal from ATM, Funds Transfer via iBanking, swiping your debit card, or a complimentary Personal Line of Credit chequebook
- Enjoy a promotional balance transfer rate of 0% with processing fee of 1.5% (EIR 3.26% p.a.) for a tenure of 6 months for a min. loan amount of S$10,000
- Convert your available credit limit to an instalment plan with an interest rate from as low as 3.7% p.a. (EIR 7% p.a.) with no processing fees
- Min. monthly repayment: 3% of your outstanding balance or S$15, whichever is higher
- Min. interest charge: S$10
- Late payment fee: S$75
- Annual fee: S$60
1. Completed and signed Letter of Instruction
2. NRIC (front & back)
3. Notice of Assessment and CPF Statement
4. Latest 3 months' computerised pay slips
5. Latest 2 years' Notice of Assessment
6. Proof of billing address
UOB CashPlus
- New customers, 0% interest rate for a period of three (3) months with S$0 nominal fee; 0% interest rate for a period of six (6) months with either: S$160 nominal fee for approved credit limit of S$30,000 and below or nominal fee of 1.6% will be charged based on the approved credit limit for approved credit limit more than S$30,000; 0% interest rate for a period of twelve (12) months with either: S$300 nominal fee for approved credit limit less of S$30,000 and below or nominal fee of 3.0% will be charged based on the approved credit limit for approved credit limit more than S$30,000. Valid till 31 March 2024. Terms and Conditions apply.
- Prevailing interest rate of 20.9% p.a. applies after the promotion period
- Get ahead of your medical bills and manage your finances with interest as little as S$1 a day with UOB MediPlus. Low interest rates of 3.68% p.a. (EIR from 7.53% p.a.) + a 1% processing fee and the choice to repay between 12 and 36 months.
- Borrow up to S$200,000 or 6x your monthly salary (whichever is lower), if you earn above S$10,000 per month. Borrow up to 4x your monthly salary if you earn between S$2,500 and S$10,000 per month.
- Apply online and receive instant approval via MyInfo. Applications submitted from 8pm to 7am will be processed the next working day.
- 2% of current balance or S$30, whichever is higher, plus any overdue amounts.
- Receive a UOB CashPlus Visa Card and earn 10% cashback at participating merchants. Max. cashback capped at S$50 per month.
- Get up to 10% UOB$ cashback at participating merchants' outlets, including Cold Storage, Giant, and Cathay Cineplexes. More information on UOB$ Programme available here.
- Easy access to cash with 24/7 internet banking, UOB branches, a complimentary chequebook, and islandwide ATMs
- Complimentary chequebook: S$0.75 per SGD cheque issued
- Annual fee of S$120 waived for first year
- No fixed tenure
- Prevailing interest rate of 20.9% p.a. applies after the promotion period, calculated on a daily basis.
- Late payment charges: S$120
- Overlimit fee: S$50
- Handling fee of S$40 for every returned cheque and S$30 for each stop cheque payment instruction
1. NRIC (front & back)
2. Image of your specimen signature that is clear and upright
3. Latest billing proof (within the last 6 months) as per your local home address (e.g. telephone or utilities bills, etc) if it differs from the address in your NRIC
4. Income documents
DBS Cashline
- Loan up to 4x your monthly salary or 10x if your monthly salary is more than S$120,000
- Link your Current/Savings account to your Cashline account to enjoy auto top-up service if your Current/Savings account balance falls below a pre-set level
- Transfer funds, withdraw cash, and pay bills with internet banking, ATMs, a chequebook, and AXS machines
- Use the credit limit for an interest-free loan with DBS Balance Transfer which offers 0% interest rate with a processing fee of 2.5% for 6 months tenure, or take up a Personal Loan from as low as 3.88% p.a and 1% processing fee (EIR 7.56% p.a)
- Annual fee of S$120 waived for first year
- Min. monthly repayment: 2.5% of your outstanding balance or S$50, whichever is higher
- Min. annual income: S$30,000
- Min. interest charge: S$10
- Late payment fee: S$120
- Annual fee: S$120
- Overlimit fee: S$40
1. Photocopy of your NRIC (front & back)
2. Income documents (any ONE of the following)
a. Your latest 12 months' CPF Contribution History Statement
b. Latest Income Tax Notice of Assessment and Latest Computerised Payslip
c. Salary Crediting into DBS/ POSB Account
OCBC EasiCredit
- Get instant approval and cash when you apply with SingPass MyInfo
- Borrow: Up to 2x of your monthly salary if your annual income is between S$20,000 and S$29,999 Up to 4x of your monthly salary if your annual income is between S$30,000 and S$119,999 Up to 6x of your monthly salary if your annual income is S$120,000 and above
- Easy access to cash with mobile/internet banking, ATMs, and a chequebook
- Enjoy lower interest rates when you use your available EasiCredit limit for OCBC Cash-On-instalments or OCBC Balance Transfer
- If annual income is S$30,000 and above: Monthly min. repayment of 3% of the statement balance or S$50, whichever is higher
- If annual income is below S$30,000: Min. monthly repayment of 5% of outstanding amount or S$50, whichever is higher
- Annual Fee: S$120
- Late payment fee: S$120
- Returned cheque: S$40
- Stop cheque: S$30 if requested at bank/call centre; S$10 if requested via OCBC Digital app, Internet Banking or Phone
1. NRIC (front & back)
2. CPF contribution history statement (latest 9 months)
3. Latest 1 year income tax Notice of Assessment (NOA)
4. Latest computerised payslip
Citibank Ready Credit
- Attractive interest rate of 22.95% p.a.
- Flexible line of credit up to 4X your monthly income or up to 8X your monthly income if your annual income is S$120,000 and above. Subject to Citibank's approval.
- Enjoy an interest rate from as low as 3.45% p.a. (EIR 6.50% p.a.) by converting your available credit limit to a cash loan with Citi Quick Cash. Terms and Conditions apply.
- Get more savings when you transfer outstanding balances on any other bank’s credit card or credit line to your Citibank Ready Credit account
- Annual fee: S$120 (first year waiver)
- Late Payment charge: S$120
- Overlimit fee: S$40
- An interest rate of 28.95% will be applied in the event customer account is past due in the current month
- Min. Payment: If the current balance on your Citi Ready Credit (“CRC”) account, including minimum payment due under any Citibank instalment loan programs (“CRC Outstanding Balance”) is less than S$50, the minimum payment amount shall be equivalent to the current CRC Outstanding Balance. If the CRC Outstanding Balance is more than or equal to S$50, the minimum payment shall be the higher of: i. Sum of 1% of CRC outstanding balance plus minimum payment due under any Citibank instalment loan programs plus all other interest charges and late payment charges; or ii. S$50. Any CRC Outstanding Balance due and unpaid in respect of earlier CRC statements shall be added to the minimum payment due and payable under any current CRC statement.
1. A copy of your NRIC (front & back) or work permit (with minimum 6 months validity)
2. A copy of your utility bill, telephone bill, or bank statement with your name and address
3. Income Tax Notice of Assessment
4. Latest original computerised payslip
Understanding Credit Lines: A Comprehensive Overview
Credit lines in Singapore offer a flexible financial tool for managing expenses. Let's explore the meaning of credit lines and how they can benefit you.
What is a credit line?
A credit line Singapore is a pre-approved loan amount you can borrow from as needed. Unlike traditional loans, you only pay interest on the amount you use. This flexibility makes it ideal for unexpected expenses or cash flow management.
How credit lines differ from traditional loans
Credit lines provide revolving credit, allowing you to borrow, repay, and borrow again up to your limit. Traditional loans offer a lump sum with fixed repayment terms. With a credit line, you have ongoing access to funds without reapplying.
Benefits of using a credit line in Singapore
Credit lines offer several advantages for Singaporeans:
Flexibility to borrow only what you need
Lower interest rates compared to credit cards
Quick access to funds for emergencies
Potential for lower overall borrowing costs
Improved cash flow management for businesses
Understanding the line of credit empowers you to make more informed financial decisions. Whether for personal or business use, a credit line in Singapore can provide the financial flexibility you need in order to thrive.
Top Features to Look for in a Singapore Credit Line
When searching for a personal line of credit in Singapore, it's crucial to consider several key features. A credit line Singapore offers can provide financial flexibility, but understanding the essential elements will help you make an informed decision.
Interest rates play a significant role in determining the cost of borrowing. Look for competitive rates that align with your financial goals. Some institutions offer tiered rates based on your credit score or loan amount.
Credit limits are another vital aspect. Higher limits provide more borrowing power, but ensure they match your needs and repayment capacity. Many banks in Singapore offer limits of up to four times your monthly income.
Flexible repayment terms
Low or no annual fees
Easy application process
Quick approval and disbursement
Additional perks can set one credit line apart from another. Some financial institutions offer loyalty programs, cashback rewards, or complementary insurance coverage. These extras can add value to your personal line of credit.
Lastly, consider the accessibility of funds. Many Singapore credit lines offer convenient withdrawal options through ATMs, online banking, or mobile apps, ensuring you can access your funds when needed.
DBS Personal Line of Credit: Flexibility at Your Fingertips
DBS offers a personal line of credit that stands out in Singapore's financial landscape. This versatile credit line provides borrowers with quick access to funds and flexible repayment options.
Key Features and Benefits
The DBS personal line of credit boasts several advantages for Singaporeans:
Access up to four times your monthly income
Withdraw cash from ATMs islandwide
Transfer funds directly to your bank account
Pay only for what you use
Interest Rates and Fees
DBS offers competitive rates for its credit line:
Eligibility Criteria
To qualify for a DBS personal line of credit, applicants must meet these requirements:
Singaporean or Permanent Resident
Aged 21-65 years old
Minimum annual income of S$30,000
Good credit standing
DBS's credit line offers a balance of accessibility and financial management. It's an excellent option for those seeking a flexible personal line of credit in Singapore's competitive market.
OCBC EasiCredit: Convenient Access to Funds
OCBC EasiCredit stands out as a top choice for those seeking a flexible line of credit in Singapore. This credit line offers a seamless way to access funds, tailored to meet the diverse needs of Singaporean consumers.
With OCBC EasiCredit, customers enjoy a credit limit of up to four times their monthly income. This generous allowance provides ample financial breathing room for various expenses or unexpected costs. The application process is straightforward, with minimal paperwork required for eligible applicants.
One of the key attractions of this credit line Singapore option is its competitive interest rates. OCBC offers rates starting from 20.9% per annum, which is relatively low compared to many credit cards. This makes it an attractive choice for those needing ongoing access to funds.
OCBC EasiCredit also offers flexibility in repayment. Customers can choose to pay the minimum sum or any amount above it, allowing for better management of personal finances. This line of credit proves particularly useful for self-employed individuals or those with variable income streams.
For Singaporeans seeking a reliable and accessible financial tool, OCBC EasiCredit presents a compelling option in the credit line market.
Citibank Ready Credit: Seamless Financial Management
Citibank Ready Credit offers a versatile personal line of credit tailored for Singaporeans seeking financial flexibility. This credit line integrates seamlessly with Citibank's comprehensive suite of financial services, providing customers with a robust solution for their borrowing needs.
Unique Selling Points
Citibank Ready Credit stands out with its competitive interest rates and high credit limits. The credit line boasts a user-friendly online platform, allowing customers to manage their funds effortlessly. A standout feature is the ability to link the credit line to a Citibank debit card, enabling instant access to funds at ATMs worldwide.
Cost Structure
The cost structure of Citibank Ready Credit is transparent and competitive:
Application Process
Applying for Citibank Ready Credit is straightforward. Eligible applicants must be Singaporean citizens or Permanent Residents aged 21 and above, with a minimum annual income of S$30,000. The application can be completed online, with approval often granted within one business day. Required documents include proof of identity, income, and residence.
Citibank Ready Credit offers a blend of convenience and flexibility, making it a compelling choice for those seeking a reliable personal line of credit in Singapore.
Standard Chartered CashOne Personal Line of Credit: Competitive Rates
Standard Chartered's CashOne Personal Line of Credit stands out in Singapore's financial landscape. This credit line Singapore option offers competitive rates that catch the eye of savvy borrowers. With flexible terms and swift approvals, it's a popular choice for those seeking a reliable line of credit.
Let's examine the key features that make CashOne an attractive option:
Low interest rates starting from 18.5% p.a.
Credit limits up to four times your monthly income
No annual fee for the first year
Easy online application process
Eligibility for CashOne is straightforward. Singaporeans and Permanent Residents aged 21 and above with an annual income of at least S$30,000 can apply. For foreigners, the minimum annual income requirement is S$60,000.
Standard Chartered's CashOne offers a competitive edge in the credit line market. Its blend of attractive rates and flexible terms makes it a solid choice for those needing quick access to funds. When considering a line of credit in Singapore, CashOne is certainly worth a closer look.
HSBC Personal Line of Credit: Global Banking Expertise
HSBC brings its global banking prowess to Singapore with a personal line of credit that's both versatile and rewarding. This financial tool offers a blend of flexibility and competitive rates, making it an attractive option for savvy borrowers.
Advantages for HSBC Customers
Existing HSBC account holders enjoy exclusive benefits with this credit line. They gain access to preferential interest rates and faster approval processes. The bank's robust online platform allows for seamless management of funds, enabling customers to draw from their credit line with ease.
Repayment Options
HSBC's personal line of credit shines with its flexible repayment structure. Borrowers can choose to pay a minimum of 3% of the outstanding balance or S$100, whichever is higher. This adaptability helps manage cash flow effectively, especially during tight financial periods.
Additional Perks
The HSBC credit line comes packed with extra benefits:
Complimentary travel insurance for trips booked using the credit line
Cashback rewards on selected spending categories
Access to exclusive dining and lifestyle promotions
With its global reach, HSBC offers a credit line that combines international banking standards with localised Singaporean needs. It's an ideal choice for those seeking a reliable financial cushion backed by worldwide expertise.
Maybank Credit Line: Tailored Solutions for Singaporeans
Maybank offers a credit line in Singapore that caters to the unique needs of local consumers. This flexible financial tool allows you to access funds as and when you need them, making it ideal for managing unexpected expenses or seizing opportunities.
With competitive interest rates, Maybank's line of credit stands out in the Singapore market. You only pay interest on the amount you use, not the entire credit limit. This feature makes it a cost-effective choice for those seeking financial flexibility.
Eligibility for Maybank's credit line is straightforward. Singaporeans and permanent residents aged 21 and above, with a minimum annual income of $30,000, can apply. The application process is simple, and you can often receive approval within a few working days.
Maybank's credit line in Singapore comes with added perks. These include a mobile app for easy account management and the option to link your credit line to a Maybank debit card for convenient access to funds. Whether you need extra cash for home renovations or travel, Maybank's tailored solutions aim to meet your financial needs.
FAQ
A credit line is a type of revolving credit facility that allows you to borrow money up to a pre-approved limit. You can access the funds as needed, make repayments, and borrow again without reapplying, providing flexibility in managing your finances.
Unlike traditional loans where you receive a lump sum upfront, credit lines give you access to a revolving pool of funds. You only pay interest on the amount you borrow, and you can repay and reborrow as needed, making it a flexible option for ongoing or irregular expenses.
Credit lines in Singapore offer several advantages, including flexibility in accessing funds, potentially lower interest rates compared to credit cards, and the ability to consolidate debts. They can serve as a financial safety net for unexpected expenses or manage cash flow gaps.
When choosing a credit line in Singapore, consider factors like competitive interest rates, flexible repayment terms, high credit limits, minimal fees, and additional perks like rewards or cashback. The eligibility criteria and application process should also be evaluated
Citibank Ready Credit is known for its seamless integration with Citibank's broader financial services ecosystem. It offers features like flexible repayment options, competitive interest rates, and the convenience of managing your credit line alongside other Citibank accounts.
DBS Personal Line of Credit typically offers competitive interest rates and fees compared to other credit lines in Singapore. However, the actual rates and charges may vary based on your creditworthiness and the prevailing market conditions, so it's advisable to check the latest details with DBS.
As a global bank, HSBC Personal Line of Credit leverages the bank's expertise and resources to provide advantages to existing customers in Singapore. These may include preferential rates, streamlined application processes, and the ability to manage the credit line seamlessly alongside other HSBC accounts and services.