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Compare all loans with 0% interest in SG

Find the best loan to suit your needs. Compare interest, welcome offers and other personal loan benefits quickly and easily in one place.

with 0% interest rate

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  • Standard Chartered
  • OCBC
  • Maybank
  • UOB
  • HSBC
  • Citibank
  • DBS
  • personal-loan.result-table.column.provider.title
  • Applied Interest Rate
  • Processing Fee
  • Effective Interest Rate

0.00 % p.a.

0.00 % *with cash back

0.00 % p.a. *T&Cs apply

  • Exclusive rate of 0.9% processing fee (EIR: 1.85% p.a.) for new credit card customers. Min. funds transfer loan amount of $1,000.
  • For loan amount of $30K and below, offset your full processing fee with $220 cashback*.
    For loan amount of $30K and above, offset part of your processing fee with $220 cashback*.
  • Complement it with SCB Unlimited Credit Card to get 1.5% cashback for all eligible spends. No min. spend and no cash back cap.
    *Get $100 cash on approval via Singsaver + $100 cashback after first credit card activation and additional $20 cashback after second card activation!  Promotion is valid from 1 March 2019 - 31 May 2019. Terms and Conditions apply.
  • Transfer up to 95% of available credit limit of credit card account to any other bank account, credit card or line of credit.
  • Min. income requirement for Singaporeans/PRs: S$30,000 & min. income requirement for Foreigners: S$60,000

0.00 % p.a.

9.00 %

9.15 % p.a.

  • Get 0% p.a. (EIR 9.15% p.a.) interest rate for 2 years of loan tenure
  • One-time processing fee of 9% of the approved amount.
  • Complement it with OCBC Cashflo Credit Card and enjoy auto-instalment payments with 0% interest and up to 1% cash rebate.
  • Get cash of up to 6x your monthly salary
  • Please note that your approved interest rate will be determined by OCBC bank.

0.00 % p.a.

0.00 % *with cash back

0.00 % p.a. *T&Cs apply

  • Exclusive rate of 0.9% processing fee (EIR: 1.85% p.a.) for new credit card customers. Min. funds transfer loan amount of $1,000.
  • For loan amount of $30K and below, offset your full processing fee with $220 cashback*.
    For loan amount of $30K and above, offset part of your processing fee with $220 cashback*.
  • Complement it with SCB Unlimited Credit Card to get 1.5% cashback for all eligible spends. No min. spend and no cash back cap.
    *Get $100 cash on approval via Singsaver + $100 cashback after first credit card activation and additional $20 cashback after second card activation!  Promotion is valid from 1 March 2019 - 31 May 2019. Terms and Conditions apply.
  • Transfer up to 95% of available credit limit of credit card account to any other bank account, credit card or line of credit.
  • Min. income requirement for Singaporeans/PRs: S$30,000 & min. income requirement for Foreigners: S$60,000

0.00 % p.a.

1.38 %

2.96 % p.a.

  • Balance Transfer rate of 0% for 6 months.
  • Transfer up to 95% of available credit limit of Maybank Credit Card to any other bank account, credit card or line of credit
  • Processing fee of 1.38% and 1.88% for transfer of min. amount of $10,000 or more and $2,000, respectively, for a tenure of 6 months.
  • Balance transfer rate of 4.99% for transfer for min. amount of $2,000 for a tenure of 12 months.
  • Lowest Flat Rate: 0%

0.00 % p.a.

1.49 %

6.11 % p.a.

  • Balance Transfer rate of 0% for up to 12 months for as low as $500 transfer amount
  • Transfer up to 95% of available credit limit of UOB Credit Card to any other bank account, credit card or line of credit
  • Best rate guarantee - match any other bank's rate
  • Processing fee of 1.8% for 3 months tenure, 2.5% for 6 months tenure, and 4.5% for 12 months tenure.
  • Lowest Flat Rate: 0%

0.00 % p.a.

1.50 %

3.26 % p.a.

  • Get the promotional rate of 0% p.a with 1.5% processing fee when you loan $10,000 and above
  • Transfer up to 90% of available credit limit of Personal Line of Credit account to any other bank account, credit card or line of credit

0.00 % p.a.

1.58 %

3.65 % p.a.

  • Welcome offer: Balance Transfer rate of 0% p.a. for 6 months. Eligible for new Citibank customers who apply for a Citibank Ready Credit account with S$500 min. loan amount.
  • Processing fees for 3 or 6 months tenure is 1.58%.
  • EIR: 3.60% p.a. for 6 months tenure.
  • Transfer available credit card balance from Citibank Ready Credit to any other bank account, credit card or line of credit.
  • Flexible payment: Minimum of 3% of the transfer amount or S$45, whichever is higher throughout the loan tenure

0.00 % p.a.

1.58 %

6.73 % p.a.

  • Welcome offer: Balance Transfer rate of 0% p.a. for 6 months. Eligible for new Citibank customers who apply for a Citibank Ready Credit account with S$500 min. loan amount.
  • Processing fees for 3 or 6 months tenure is 1.58%.
  • EIR: 3.60% p.a. for 6 months tenure.
  • Transfer available credit card balance from Citibank Ready Credit to any other bank account, credit card or line of credit.
  • Flexible payment: Minimum of 3% of the transfer amount or S$45, whichever is higher throughout the loan tenure
  • Lowest Flat Rate: 0%

0.00 % p.a.

1.99 %

4.12 % p.a.

  • Balance Transfer rate of 0% for 6 or 12 months for online applications. Eligible for existing to Standard Chartered Credit Card customers with a S$1000 min. loan amount.
  • Transfer up to 95% of available credit limit of Credit Card account to any other bank account, credit card or line of credit
  • Processing fee of 1.99% for 6 months exclusively for online applications.
  • Lowest Flat Rate: 0%

0.00 % p.a.

2.50 %

5.34 % p.a.

  • Balance Transfer rate of 0% for up to 12 months for as low as $500 transfer amount
  • Transfer up to 95% of available credit limit of UOB Credit Card to any other bank account, credit card or line of credit
  • Best rate guarantee - match any other bank's rate
  • Processing fee of 1.8% for 3 months tenure, 2.5% for 6 months tenure, and 4.5% for 12 months tenure.
  • Lowest Flat Rate: 0%

0.00 % p.a.

2.50 %

5.34 % p.a.

  • Balance Transfer rate of 0% for 6 or 12 months with 2.5% or 4.5% upfront fee
  • Pay a minimum of S$50 or 2.5% of the statement balance, whichever is higher
  • Transfer up to 93% of available credit limit of DBS Credit Card to any other bank account, credit card or line of credit

0.00 % p.a.

2.50 %

5.47 % p.a.

  • Get the promotional rate of 0% p.a with 2.5% processing fee when you loan <$10,000
  • Transfer up to 90% of available credit limit of Personal Line of Credit account to any other bank account, credit card or line of credit

0.00 % p.a.

2.50 %

5.81 % p.a.

  • Welcome offer: Balance Transfer rate of 0% p.a. for 6 months. Eligible for new Citibank customers who apply for a Citibank Ready Credit account with S$500 min. loan amount.
  • Processing fees for 3 or 6 months tenure is 1.58%.
  • Transfer available credit card balance from Citibank Ready Credit to any other bank account, credit card or line of credit.
  • Flexible payment: Minimum of 3% of the transfer amount or S$45, whichever is higher throughout the loan tenure

0.00 % p.a.

3.88 %

4.49 % p.a.

  • Get up to $600 Dairy Farm Gift Vouchers (Giant stores, Cold Storage, Jasons, Market Place, Guardian and 7-Eleven outlets) when you apply for 12 or 18 month tenure Funds Transfer. Promotion ends 15 September 2018.
  • Receive $100 vouchers with approved loan amount of $8,000 to $19,999
    Receive $300 vouchers with approved loan amount of $20,000 to $49,999
    Receive $600 vouchers with approved loan amount of $50,000 and above
    Terms and Conditions apply.
  • Balance Transfer rate of 0% for up to 12 months for as low as $500 transfer amount
  • Transfer up to 95% of available credit limit of UOB Credit Card to any other bank account, credit card or line of credit
  • Processing fee of 1.8% for 3 months tenure, 2.5% for 6 months tenure, and 4.5% for 12 months tenure.

0.00 % p.a.

4.50 %

4.86 % p.a.

  • Balance Transfer rate of 0% for 6 or 12 months for online applications. Eligible for existing to Standard Chartered Credit Card customers with a S$1000 min. loan amount.
  • Transfer up to 95% of available credit limit of Credit Card account to any other bank account, credit card or line of credit
  • Processing fee of 1.99% for 6 months exclusively for online applications.
  • Lowest Flat Rate: 0%

0.00 % p.a.

4.50 %

5.20 % p.a.

  • Get up to $500 cashback when you apply for 12 month tenure Funds Transfer. Promotion ends 31 December 2018.
  • Receive $150 vouchers with approved loan amount of $15,000 to $29,999
    Receive $300 vouchers with approved loan amount of $30,000 to $49,999
    Receive $500 vouchers with approved loan amount of $50,000 and above
    Terms and Conditions apply.
  • Balance Transfer rate of 0% for 6 or 12 months with 2.5% or 4.5% upfront fee
  • Pay a minimum of S$50 or 3.0% of the statement balance, whichever is higher
  • Transfer up to 93% of available credit limit of DBS Credit Card to any other bank account, credit card or line of credit

0.00 % p.a.

4.88 %

4.09 % p.a.

  • Get up to $600 Dairy Farm Gift Vouchers (Giant stores, Cold Storage, Jasons, Market Place, Guardian and 7-Eleven outlets) when you apply for 12 or 18 month tenure Funds Transfer. Promotion ends 15 September 2018.
  • Receive $100 vouchers with approved loan amount of $8,000 to $19,999
    Receive $300 vouchers with approved loan amount of $20,000 to $49,999
    Receive $600 vouchers with approved loan amount of $50,000 and above
    Terms and Conditions apply.
  • Balance Transfer rate of 0% for up to 12 months for as low as $500 transfer amount
  • Transfer up to 95% of available credit limit of UOB Credit Card to any other bank account, credit card or line of credit
  • Processing fee of 1.8% for 3 months tenure, 2.5% for 6 months tenure, and 4.5% for 12 months tenure.

0.00 % p.a.

4.99 %

5.60 % p.a.

  • Balance Transfer rate of 0% for 6 months.
  • Transfer up to 95% of available credit limit of Maybank Credit Card to any other bank account, credit card or line of credit
  • Processing fee of 1.38% and 1.88% for transfer of min. amount of $10,000 or more and $2,000, respectively, for a tenure of 6 months.
  • Balance transfer rate of 4.99% for transfer for min. amount of $2,000 for a tenure of 12 months.
  • Lowest Flat Rate: 0%

0.00 % p.a.

5.50 %

7.87 % p.a.

  • Welcome offer: Balance Transfer rate of 0% p.a. for 6 months. Eligible for new Citibank customers who apply for a Citibank Ready Credit account with S$500 min. loan amount.
  • Processing fees for 3 or 6 months tenure is 1.58%.
  • Transfer available credit card balance from Citibank Ready Credit to any other bank account, credit card or line of credit.
  • Flexible payment: Minimum of 3% of the transfer amount or S$45, whichever is higher throughout the loan tenure

0.00 % p.a.

9.00 %

9.15 % p.a.

  • Get 0% p.a. (EIR 9.15% p.a.) interest rate for 2 years of loan tenure
  • One-time processing fee of 9% of the approved amount.
  • Complement it with OCBC Cashflo Credit Card and enjoy auto-instalment payments with 0% interest and up to 1% cash rebate.
  • Get cash of up to 6x your monthly salary
  • Please note that your approved interest rate will be determined by OCBC bank.

4.88 % p.a.

0.00 %

4.88 % p.a.

  • Get the promotional rate of 4.88% p.a with no processing fee when you take up a loan with a tenure of 12 months
  • Transfer up to 90% of available credit limit of Personal Line of Credit account to any other bank account, credit card or line of credit

Personal Loans in Singapore

A balance transfer is a type of unsecured, short-term cash facility. It can help you transfer outstanding balance from one or more credit cards to a low or 0% interest account or credit line. It can also provide you with quick cash in times of emergency or need. It’s subject to a one-time processing fee on the approved transfer amount, which can range from as low as $500 to S$30,000. This short-term cash facility has to be repaid over a typical balance transfer repayment period of between 3 to 24 months before a high interest rate kicks in.
When you apply for a balance transfer in Singapore, you are borrowing from the available credit limit of your credit card or line of credit. The amount you borrow will be transferred to a bank account of your choice. Why do this? Because the best balance transfer offers in Singapore allow you to pay low or 0% interest on your consolidated balance over a set period of time.
Flexible monthly repayment: With balance transfers, you can choose how much to repay every month, beyond a minimum monthly sum (usually 1% to 3% of your outstanding balance), before the end of the repayment period. A personal loan requires you to repay a fixed monthly fee every month until the length of the repayment period ends. For example, say your balance transfer amount is S$10,000 and your repayment period is over 6 months. If your minimum monthly payment is S$100, then for the first 5 months you only need to pay S$100, but on the 6th month, you can repay the remaining S$9,500 at one go.

One-time processing fee: For balance transfer offers, banks usually charge a one-time processing fee of between 1% to 5% of your approved amount. For a personal loan, this is usually between 1% to 2%.

Length of the repayment period: Balance transfer repayment periods in Singapore are shorter and typically range from 3 to 24 months, while a personal loan can be between 1 to 5 years.

Applied interest rate: Typically banks in Singapore offer a 0% interest rate for a balance transfer at the start. For a personal loan, this can be between 4.5% to 7%.

Balance transfers are best if you need cash urgently, or have a big, short-term expense on the horizon and want to avoid the higher interest rates on other types of loan facilities. Typical use cases include repayment on outstanding credit card debt, a big-ticket event like a wedding, investment, emergency repair or medical bills, investment or business opportunities.
But beware: Always ensure you’re able to settle the full amount of the balance transfer by the end of the repayment period. If not, the effective interest rate (EIR) of the credit card or personal line of credit you’ve used to borrow the money from kicks in, and this can be as high as 26% per annum.
Before you apply for a balance transfer offer in Singapore, know the pros and cons.
Pros:
  • Helps you consolidate debt
  • Pay low or 0% interest rate for a limited time
  • Transfer your balance to a better credit card with rewards or lower interest rate
  • Quick cash

  • Cons:
  • Risk getting into more debt if you don’t pay off all or most of your balance during the initial repayment period
  • The interest rate after the initial repayment period is extremely high
  • Here are some important things to consider when shopping around.
  • How much is the applied interest rate? (Usually it’s zero, but double check)
  • How much is the one-time processing fee?
  • How long are the available loan repayment periods?
  • What is the Effective Interest Rate (EIR) after the loan repayment period ends?
  • What are the balance transfer limits?
  • Is the offer only valid for new or existing bank customers?
  • Are certain offers only available online?
  • Answering these questions can help you evaluate the best balance transfer offers in Singapore and find the best option for you.