Trust Bank Instant Loan in Singapore
updated: May 06, 2025
Trust Bank Instant Loan offers one of the most competitive personal loan rates in Singapore, starting from a low 2.22% p.a. (EIR 4.22% p.a.). With flexible loan amounts up to your available credit limit and tenures ranging from 3 to 60 months, it's designed for your convenience.
Plus, the minimum annual income requirement is just $30,000 for Singaporeans and Singapore Permanent Residents, and $60,000 for foreigners with a valid work pass.
Trust Bank Instant Loan
[1].png?width=300&disable=upscale&fit=bounds&auto=webp)
Trust Bank Instant Loan
Trust Bank Instant Loan product overview
Here's an overview of Trust Bank Instant Loan, including the interest rate, fees, minimum annual income, and more.
Trust Bank Instant Loan
|
Particulars |
Singapore citizens/ Singapore PRs |
Foreigners |
|
Interest rate |
From 2.22% p.a. (EIR 4.22% p.a.) |
From 2.22% p.a. (EIR 4.22% p.a.) |
|
Minimum annual income |
$30,000 (Self-employed or 100% commission-based Singaporeans/PRs are eligible; they are likely subject to the same minimum annual income) |
$60,000 (Must hold a valid work pass) |
|
Age requirement |
Between 21 and 65 years old |
Between 21 and 65 years old |
|
Maximum loan amount |
Up to your available Trust credit card limit, minus a buffer reserved for card purchases |
Up to your available Trust credit card limit, minus a buffer reserved for card purchases |
|
Loan tenure |
3 to 60 months |
3 to 60 months |
|
Processing fee |
$0 |
$0 |
|
Early settlement fee |
3% early repayment fee on the outstanding principal balance |
3% early repayment fee on the outstanding principal balance |
|
Late payment charge |
$100 per late payment instance |
$100 per late payment instance |
Read Singsaver’s full review of the Trust Bank Instant Loan
Trust Bank Instant Loan promotion
SingSaver Exclusive Cashback Offer: Receive the following rewards when you apply for a Trust Bank Instant Loan.
SingSaver x Trust Bank Person Loan Exclusive Offer
Enjoy low interest rates from 2.22% p.a. (EIR from 4.22% p.a.) plus up to S$1,429 in Cashback & Rewards (e.g., Apple iPad Air, Dyson Airstrait, and more!) when you sign up for Trust Bank Personal Loan via SingSaver! Valid till 1 June 2025. T&Cs apply.
Plus, stand a chance to have your full interest covered (worth up to S$3,000) on top of existing cashback & rewards in our #YourBestInterest Campaign! Valid till 2 June 2025. T&Cs apply.
Why should you apply for Trust Bank Instant Loan?
Competitive interest rates
Trust Bank offers promotional interest rates starting from 2.22% p.a. (Effective Interest Rate from 4.22% p.a.) for eligible applicants. The actual rate provided is personalised based on your credit profile, loan amount, and tenure.
Instant approval and disbursement
Experience a swift loan application process with Trust Bank. Most loans are approved and disbursed into your Trust savings account within 60 seconds, providing immediate access to funds when needed.
Flexible loan tenure
Choose a repayment period that suits your financial needs, with loan tenures ranging from 3 to 60 months. This flexibility allows you to manage your monthly repayments effectively.
Borrow within your credit limit
The loan amount is determined based on your available credit limit on your Trust credit card, minus a buffer set aside for credit card purchases. This ensures responsible borrowing aligned with your credit capacity.
Loan eligibility
- Citizenship status: Singaporean / PR / Foreigners with Employment Pass
-
Age requirement: Between 21 and 65 years old
-
Employment status: Whether you're a full-time salaried employee, earning variable or commission-based income, or running your own business as a self-employed individual, you're welcome to apply, provided you meet the income criteria below.
-
Annual income:
-
Singapore citizens/Singapore PRs: $30,000
-
Foreigners: $60,000
-
Comparing to other personal loans
|
Loan provider |
Trust Bank Instant Loan |
SCB CashOne |
HSBC Personal Loan |
|
Interest rate |
From 2.22% p.a. |
From 1.90% p.a. |
From 2.20% p.a. |
|
Effective interest rate (EIR) |
From 4.22% p.a. |
From 4.04% p.a |
From 4.0% p.a. |
|
Annual fee |
$0 |
$199 for first year only, $50 annually from the second year onwards (waived if all monthly payments are made on time for the preceding 12 months) |
$120 (First year waived) |
|
Total interest payable |
$222 |
$190 |
$220 |
|
Total amount payable |
$10,222 |
$10,190 |
$10,220 |
|
Principle loan amount |
$10,0000 |
$10,0000 |
$10,0000 |
|
Monthly payment* |
$852 |
$849 |
$852 |
|
Minimum annual income |
$30,000 |
$30,000 |
$30,000 |
|
Loan tenure |
3 to 60 months |
1 to 5 years |
1 to 7 years |
|
Loan disbursement speed |
Funds are disbursed instantly to your Trust savings account upon approval |
Instant upon approval to any FAST-enabled bank account; typically within 15 minutes |
Same-day disbursement to HSBC accounts upon approval; 1–3 working days for disbursement to other bank accounts |
|
Processing fee |
$0 |
$0 |
$0 |
|
Cancellation fee |
3% of the outstanding principal amount if repaid in full within 90 days |
$150 or 3% of the outstanding principal, whichever is higher |
2.5% of the redemption amount for early repayment |
|
Late payment fee |
$100 |
$100 per missed payment; additional interest of 29.9% p.a. on overdue amounts |
$120 |
How to apply for Trust Bank Instant Loan
To apply for Trust Bank Instant Loan, click the 'Apply Now' button below and you will be directed to Trust’s app or sign-up page, where you can create an account, apply for a Trust credit card if needed, and customise your loan application—all within minutes.
SingSaver x Trust Bank Person Loan Exclusive Offer
Enjoy low interest rates from 2.22% p.a. (EIR from 4.22% p.a.) plus up to S$1,429 in Cashback & Rewards (e.g., Apple iPad Air, Dyson Airstrait, and more!) when you sign up for Trust Bank Personal Loan via SingSaver! Valid till 1 June 2025. T&Cs apply.
Plus, stand a chance to have your full interest covered (worth up to S$3,000) on top of existing cashback & rewards in our #YourBestInterest Campaign! Valid till 2 June 2025. T&Cs apply.
Frequently asked questions about the Trust Bank Instant Loan
How much personal loan can I take from Trust Bank?
You can borrow from $500 up to your available Trust credit card limit, minus a buffer reserved for card purchases. The exact amount you can borrow depends on your credit limit and Trust Bank’s internal assessment.
How long does it take Trust Bank to approve a loan?
For existing Trust credit card holders, loan approval and disbursement typically occur within 60 seconds. New customers can complete the sign-up, credit card application, and loan application process in about 3 minutes.
If I’m late for my monthly instalment, how much do I have to pay?
If you do not pay the minimum amount due by your payment due date, a late payment fee of $100 will be charged. Additionally, interest is charged daily on the overdue instalment amount at the same rate as your Trust credit card's overdue interest rate.
What is the minimum monthly payment for Trust Bank Instant Loan?
Each loan instalment amount is calculated based on the sum of the approved loan amount and the total interest over the loan tenure, divided by the number of months of the loan tenure. This instalment is added to your Trust credit card's monthly statement and is included in the minimum amount due.
I am an existing HSBC cardholder, will taking up the Trust Bank Instant Loan affect the credit limit of my card?
No, taking up a Trust Bank Instant Loan will not affect the credit limit of your HSBC credit card. The Trust Bank Instant Loan is tied to your Trust credit card, and the loan amount will reduce your available credit limit on your Trust credit card, not on any cards from other banks.