Personal Loan Rates: Lowest Interest Rates from Singapore's Top Banks
Updated: 15 Jan 2026
Exclusive Bank Rates: Access preferential interest rates tailored for excellent credit profiles.
Zero Hidden Fees: Transparent Effective Interest Rates (EIR) from all our partner banks.
Maximize Your Savings: Compare offers side-by-side and see your potential interest savings over time.
Simple & Secure Process: Apply in minutes through SingSaver's trusted platform.
Loan | Monthly Repayment | SingSaver Reward | Annual Interest Rate | Total Cost of Loan | EIR | ||
|---|---|---|---|---|---|---|---|
 | UOB Personal Loan | S$429 | S$430 | From 1.00 % | S$450 | From 1.93 % p.a. | |
 | Standard Chartered CashOne Personal Loan | S$428 | S$410 | From 0.90 % | S$405 | From 1.75 % p.a. | |
 | HSBC Personal Loan | S$433 | - | From 1.30 % | S$585 | From 2.50 % p.a. | |
 | Trust Bank Instant Loan | S$429 | S$10,420 | From 1.00 % | S$450 | From 2.28 % p.a. | |
 | CIMB Personal Loan | S$429 | - | From 1.00 % | S$450 | From 1.94 % p.a. | |
 | GXS FlexiLoan | S$430 | - | From 1.08 % | S$486 | From 2.02 % p.a. | |
 | Citi Quick Cash | S$460 | - | 3.45 % | S$1,553 | 6.50 % p.a. | |
 | DBS Personal Loan | S$435 | S$750 | From 1.48 % | S$666 | From 3.22 % p.a. | |
 | POSB Personal Loan | S$435 | S$750 | From 1.48 % | S$666 | From 3.22 % p.a. | |
 | JD Credit Pte Ltd | S$562 | - | 11.60 % | S$5,220 | 11.60 % p.a. | |
 | Lendela Free Loan Matching Service | S$542 | - | 10.00 % | S$4,500 | 10.00 % p.a. | |
 | Credible.sg Personal Loan | S$549 | - | 10.56 % | S$4,752 | 10.56 % p.a. | |
 | OCBC Personal Loan - Existing OCBC loan customers | S$464 | - | 3.80 % | S$1,710 | 7.49 % p.a. |
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What our customers have to say
Paul O'Connor
Reward was given within 2 months of loan appproval
Vivian
SingSaver provided an excellent service! Despite an initial mistake in my application, their team helped me with an appeal, ensuring I still received my reward. The entire process, from application to gift collection, was smooth and efficient. I highly recommend SingSaver for their great deals and amazing customer support! Once again, thank you for your dedication and assistance. I will definitely continue using SingSaver for future financial products!
Emily Soon
I would like to give a huge shoutout to Jeremiah, Cassandra and the team in SingSaver. I had missed out the email for my gift redemption and they tried their best to help me appeal to extend the redemption period so I can claim the gift. It did take a long time for the initial gift redemption email to finally come from the time I applied for the card (6-7 months) but this is understandable and can't have overly high expectations as its a free gift. The appeal process took a month and every time I followed up, the team was quick to reply me, assuring me that they were following up on my case. So to the rest of the people who have encountered a similar situation, please be patient with the team who is helping you, they are doing their best too. This gives me great confidence to continue using SingSaver for all my credit card applications. Thank you Jeremiah and Cassandra!
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.
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. Download the Trust App and navigate to the Instant Loan section
2. Fill out an application and submit all required documents
3. Wait for approval of personal loan
- LOWEST Interest Rates in the Market from 1.56% p.a. (EIR 3.00%* p.a.) with no processing or hidden fees (until further notice)
- Flexible repayments. Choose your desired personal loan amount and tenure. Repay with fixed instalments over 3 to 60 months.
- Fast approval in 60 seconds.
- *EIR calculated based on loan amount of S$90,000 and tenure of 60 months from 1 Jan 2024. Maximum EIR may be up to 22.34% p.a. based on your personal credit profile.
- Deposit Insurance Scheme: SGD deposits of non-bank depositors are insured by the SDIC, for up to S$100,000 in aggregate per depositor per Scheme member by law.
- Min. age requirement: 21 years old
- Minimum annual income of S$30,000 for Singaporean citizen or PR or S$60,000 for foreigners with valid work pass
- Effective Interest Rate (EIR) is calculated based on a loan amount of S$20,000 and loan tenure of 60 months from 1 Jan 2026. Maximum EIR may be up to 25.03% p.a. based on your personal credit profile.
- We charge a 0.88% first year annual fee and this is illustrated in the EIR above. Subsequent annual fee may be applicable, please see our Instant Loan Key Facts Sheet for more details.
1. NRIC (Front & Back)
2. Salaried employees: Latest month’s computerised payslip or latest 6 months’ CPF contribution history statement
3. Self-employed individuals: Last 2 years’ Income Tax Notice of Assessment
4. Commission-based earners: Latest 3 months payslip or latest 6 months' CPF contribution history statement
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.
- Click "Apply Now" on CIMB Personal Loan Listing
- Complete the application via Singpass Myinfo and submit the required documents
- Wait for approval for CIMB
- Receive cash instantly upon approval
- Enjoy attractive interest rates from as low as 1.00% p.a. and zero* processing fees (EIR from 1.94% p.a.) for 1-5 years
- Min. loan amount of S$2,000
- Min. income for Singaporeans/PRs: S$20,000 p.a.; Min. income for Malaysians (Non-PR): S$30,000
- Early redemption fee of 3% or S$250, whichever is higher.
- Late payment fee: S$100
- NRIC (Front & Back)
- Salaried Employees: Latest computerised payslip or latest CPF/NOA statements
- Self-Employed: Latest 2 years' NOA
- Commissioned/Variable Income Earners: Latest CPF/NOA statements
- Malaysian NRIC
- Passport (minimum 6 months validity
- latest 3 months pay slip
- Foreign Exchange Notice Declaration Form
For Malaysians, you will need to provide the following supporting documents in the application:
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.
GXS FlexiLoan
1. Download the GXS app.
2. Click "Sign Up" for GXS FlexiLoan
3. Get your funds within minutes upon approval.
- No Fees Interest Rates from 1.88% p.a. (EIR from 3.47% p.a.).
- Apply in-app and get your funds in minutes
- A standby revolving credit line which you can draw multiple loans from, from as low as S$200
- Customisable loan tenure from 2 to 60 months depending on loan amount selected
- Flexibility to select your preferred repayment date
- No early repayment fee, plus save on interest when you repay early
- Interest is computed on a daily non-compounding basis
- In-app reminders to repay on time and avoid late interest charges
- Effective Interest Rate (EIR) is calculated based on an average loan amount of S$10,000 with a 36-month repayment period, from 1 Jan 2023 to 1 Jan 2026. T&Cs apply.
- Late interest is chargeable upon late repayment
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. Head to Citibank's website and apply via SingPass MyInfo or manually filling in a form
2. Submit the required documents
3. Wait for approval from Citibank
- 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 loan with Citi Quick Cash on Ready Credit. Terms and Conditions apply. EIR 6.50% p.a. is applicable to new Citibank Ready Credit customers only.
- No processing fees
- Minimum loan of S$1,000
- Tenure: 1 year to 5 years
- Annual fee: S$120 (First year free) on Citibank Ready Credit
- Late Payment charge: S$120*
- Overlimit fee: S$40*
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
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 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.
1. Download an application form on POSB's website
2. Fill it out and apply online or in-person at one of the bank's branches
3. Wait for an offer from POSB
- 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. Salaried employees: Latest 9 months’ CPF contribution history statement OR latest 1 year Income Tax Notice of Assessment or latest computerised payslip or salary crediting into DBS/POSB account
3. Self-employed individuals: Latest 1 year 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.
- Free interest for customers that take a 3 month loan if full payment is paid on the 1st month
- Same day disbursement
- Borrow as low as S$200
- Subject to 6% admin fee
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. Apply once via Singpass on lendela.com
2. Get live quotes from over 70 trusted loan providers
3. Choose your preferred loan and get your money
- Apply once, get multiple loan offers
- Get quotes from over 70 verified loan providers
- No impact on your credit score
- Choose your preferred loan and cash out within the day
- Full loan concierge service
- Free service, no hidden costs
- Interest rate & fees vary depending on chosen loan provider (18.25% p.a. interest on average, 5% processing fee on average)
Use Singpass MyInfo to get more accurate quotes
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.
- Financing options for customers who may not qualify with other lenders
- Loan offers starting from 16% APR
- Same day offer and disbursement
- No early repayment fees
- Convenient locations near to you
- Late interest is chargeable upon late repayment
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 Personal Loan - Existing OCBC loan customers
1. Head to OCBC's website and click "Apply now". Log in with your OCBC Internet Banking details thereafter.
2. Verify your personal particulars and submit the loan application
3. After approval, an SMS or email will be sent to you
- Existing OCBC loan customers will enjoy interest rates starting from 4.7% p.a.
- Min. loan amount: S$1,000
- Min. income for Singaporeans/PRs: S$30,000 p.a.
- Min. income for Foreigners: S$45,000 p.a.
- Processing fee: 1% of the approved loan amount
- Termination fee: 3% of outstanding principal or S$150, whichever is higher
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 or salary crediting
*No additional documents required for existing EasiCredit or Credit Cards customers
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.
Frequently asked questions about personal loans in Singapore
Emphasize good credit score, stable income, specific income thresholds, and debt-to-income ratio.
Explain EIR includes all costs, giving the true cost of the loan, unlike nominal interest. Stress transparency.
Clarify soft checks vs. hard inquiries, and that comparison won't harm their score.
The lending rate in Singapore refers to the interest rate charged on loans. It can vary depending on the type of loan, the lender, and the borrower's credit profile. Average lending rates for personal loans can range from 2.5% to 10% p.a., but these are subject to individual assessment and prevailing market conditions.
NRIC, latest payslips/NOA, CPF statements, etc.
Indicate that some bank offers may have this, and our comparison helps find them.
The information on this page is for educational and informational purposes only and should not be considered financial or investment advice. While we review and compare financial products to help you find the best options, we do not provide personalised recommendations or investment advisory services. Always do your own research or consult a licensed financial professional before making any financial decisions.