Best Credit Line in Singapore 2025

Updated: 2 Jul 2025

Explore the best personal lines of credit in Singapore for 2024—flexible borrowing options that help you manage your finances effortlessly.
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Loan
Monthly Repayment
SingSaver Reward
Annual Interest Rate
Total Cost of Loan
EIR
HSBC Personal Line of Credit
HSBC Personal Line of Credit
S$919
-
0.19 %
S$1,030
18.50 % p.a.
UOB CashPlus
UOB CashPlus
S$931
-
0.21 %
S$1,168
7.53 % p.a.
DBS Cashline
DBS Cashline
S$940
-
0.23 %
S$1,283
7.56 % p.a.
OCBC EasiCredit
OCBC EasiCredit
S$940
-
0.23 %
S$1,283
19.98 % p.a.
Citibank Ready Credit
Citibank Ready Credit
S$941
-
0.23 %
S$1,286
6.50 % p.a.

Best for low interest rates

HSBC Personal Line of Credit

HSBC Personal Line of Credit

Monthly Repayment
S$ 919
EIR
18.50 % p.a.
Processing Fee
S$ 0
Prevailing Interest Rate
0.19 %

SingSaver's take

Loan details

Best for seamless online application

UOB CashPlus

UOB CashPlus

Monthly Repayment
S$ 931
EIR
7.53 % p.a.
Processing Fee
S$ 100
Prevailing Interest Rate
0.21 %

SingSaver's take

Loan details

Best for instant access for DBS accounts

DBS Cashline

DBS Cashline

Monthly Repayment
S$ 940
EIR
7.56 % p.a.
Processing Fee
S$ 250
Prevailing Interest Rate
0.23 %

SingSaver's take

Loan details

Best for PayNow transfers without ATM card

OCBC EasiCredit

OCBC EasiCredit

Monthly Repayment
S$ 940
EIR
19.98 % p.a.
Processing Fee
S$ 0
Prevailing Interest Rate
0.23 %

SingSaver's take

Loan details

Best for access anywhere with global ATM

Citibank Ready Credit

Citibank Ready Credit

Monthly Repayment
S$ 941
EIR
6.50 % p.a.
Processing Fee
S$ 0
Prevailing Interest Rate
0.23 %

SingSaver's take

Loan details

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.

Feature

Importance

Interest Rate

High

Credit Limit

High

Repayment Terms

Medium

Additional Perks

Low to Medium

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:

Feature

Details

Interest Rate

20.5% p.a.

Annual Fee

S$100 (waived for first year)

Minimum Payment

3% of outstanding balance or S$50, whichever is higher

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.

Feature

Details

Credit Limit

Up to 4x monthly income

Interest Rate

From 20.9% p.a.

Annual Fee

S$100 (waived for first year)

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:

Feature

Details

Interest Rate

20.95% p.a.

Annual Fee

S$120 (waived for the first year)

Late Payment Fee

S$120

Overlimit Fee

S$40

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.

Feature

Details

Interest Rate

From 18.5% p.a.

Credit Limit

Up to 4x monthly income

Annual Fee

Waived for first year

Minimum Income

S$30,000 (Singaporeans/PRs), S$60,000 (Foreigners)

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

    What is a credit line?

    How do credit lines differ from traditional loans?

    What are the benefits of using a credit line in Singapore?

    What features should I look for in a Singapore credit line?

    What are the unique selling points of Citibank Ready Credit?

    How do the interest rates and fees for DBS Personal Line of Credit compare?

    What are the advantages of HSBC Personal Line of Credit for existing HSBC customers?