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A personal instalment loan is a type of loan that lets you borrow a specific amount of money which you have to pay for over a period of time. Personal instalment loans have a fixed interest and fixed monthly repayments so that makes it easy to plan your budget. The length of time needed to pay the loan can be as short as a year to as long as 7 years. This gives you the ability to bring down the cost of your monthly payment.
Since this is a multipurpose loan, you can use the money that you borrowed for a variety of reasons. The choice is up to you!
For example, you can borrow up to 4x your monthly salary (or 8 times, if your annual income is above $120,000) with POSB Loan Assist. Receive the loan directly in your POSB or DBS account.
Just go through your personal loan options above and pick the one that fits your needs. Once you've made your choice, click the Apply button, fill out a form, and hit "Submit". A bank representative will contact you to help you complete your application. It's that easy.
Start comparing instalment personal loans at SingSaver.com.sg. Using our comparison portal is 100% free!
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