Personal Loan Calculator Singapore : Estimate Monthly Repayments & Total Cost
Updated: 24 Nov 2025
Loan details
All dollar values are in Singapore Dollars (S$).
Monthly repayment
$342.01
Total repayment
$10,260.41
Processing fee
$0.00
Annual interest rate (% p.a.)
2.00%
EIR (% p.a.)
2.02%
Popular Personal Loans in Singapore
Why This Personal Loan Calculator Matters
Borrowing a personal loan is a significant financial choice especially in Singapore, where interest rates, processing fees and borrowing limits vary widely across banks and licensed lenders. Using a personal loan calculator helps you clearly understand your monthly instalment, total interest cost, and how different loan terms affect your repayment strategy.
With this calculator, you can estimate your monthly commitment instantly by adjusting your desired loan amount, interest rate and repayment period. It also lets you compare various scenarios such as shorter versus longer tenures so that you can make confident, informed borrowing decisions.
How to Use This Calculator
- Enter the loan amount: Input the amount you plan to borrow in Singapore dollars.
- Choose an interest rate: Input the annual rate (typically provided as EIR or flat rate by lenders).
- Select the loan tenure: Choose the repayment duration in months or years.
- Calculate your results: View your monthly instalment, total interest cost and total repayment amount.
Use the output to compare combinations of loan amount and tenure to find an option that aligns with your budget. If you know your maximum affordable monthly repayment, you can also work backwards by adjusting the inputs until the calculator displays a comfortable monthly payment.
Important Factors to Consider Before Applying
- Effective Interest Rate (EIR): This reflects the true cost of borrowing, including fees and reducing-balance interest.
- Flat rate vs EIR: Flat rates may appear lower, but EIR gives the more accurate picture.
- Loan tenure: Longer tenures lower monthly payments but increase the total interest paid.
- Hidden fees: Processing fees, admin charges and early repayment penalties vary by lender.
- Eligibility criteria: Income requirements, employment type, credit profile and residency status affect approval.
- Regulatory limits: Borrowing capacity may be restricted by unsecured debt limits and income multiples.
Always ensure that the monthly repayment is affordable even under potential income fluctuations or emergencies. A loan should support your financial plan — not strain it.
Why Use SingSaver’s Personal Loan Calculator
SingSaver aggregates personal loan offers across major banks and licensed moneylenders in Singapore. The calculator is designed to help you model your repayment scenarios before you start comparing actual products. With clear visibility into your projected monthly instalment and total cost, you can identify which loan best fits your financial goals.
Whether you are financing home improvements, covering medical bills, consolidating debt or handling unexpected expenses, this tool gives you clarity and confidence before committing to any loan.
Saver Tips
- Determine how much you can realistically afford each month before choosing your loan amount.
- Consider a shorter tenure if you aim to minimise total interest paid.
- Check for early repayment penalties if you expect to pay down your loan faster.
- Use the calculator to model debt consolidation scenarios if you already have existing debt.
- Compare lenders based on EIR, fees and eligibility conditions — not just headline rates.
Popular Personal Loans in Singapore
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. 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.
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.
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. 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.
Frequently Asked Questions
A flat rate applies interest on the original loan amount for the entire tenure, making the quoted rate look lower. The EIR calculates interest on the reducing balance and includes mandatory fees, giving a more accurate measure of the loan’s true cost.
No. Calculator results are estimates. Actual approved rates and loan amounts depend on your creditworthiness, income, debt obligations and the lender’s assessment.
The calculator shows your monthly payments and the total interest over the loan's life. This helps you see the loan's full cost and if it suits your budget.
Yes! A personal loan calculator lets you change the loan details to see how different scenarios affect your payments and total interest. This helps you pick the best option for your money.
Absolutely! Personal loan calculators are excellent tools for comparing loan offers from various banks in Singapore. By inputting the terms from each offer, you can easily see which one provides the best value for your specific financial situation.
While personal loan calculators are useful, they might not account for all potential costs. Some banks in Singapore may charge processing fees, early repayment penalties, or late payment fees. Always read the loan terms carefully and ask the bank about any additional charges.
A longer loan tenure reduces your monthly installment but increases your total interest paid. A shorter tenure does the opposite — higher monthly payments but lower total cost.
Check the EIR, processing fees, admin charges, eligibility criteria, loan tenure options, and any early repayment penalties.
Borrowing limits depend on your annual income and existing unsecured debt. Lenders may also impose internal caps based on risk assessment and regulatory guidelines.
Yes, repaying early reduces the interest accrued. However, some lenders charge early repayment fees, so check the terms carefully before doing so.