Best Personal Loans in Singapore (2020)

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UOB Personal Loan

UOB Personal Loan

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UOB Personal Loan
3.68%
Annual Interest RateEIR 7.53% p.a.
S$200
Processing Fees
S$617
Monthly Repayment
SingSaver's Exclusive Offer:
Get S$50 cash via PayNow and enjoy instant approval with cash disbursement upon loan application. T&Cs apply.

[SingSaver Flash Deals] Score a Dyson Pure Cool Me™ purifying fan (worth S$499) by being the first 5 each day to apply! Valid till 27 Sep 2020. T&Cs apply.

Standard Chartered CashOne Personal Loan

Standard Chartered CashOne Personal Loan

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Standard Chartered CashOne Personal Loan
3.48%
Annual Interest RateEIR 7.99% p.a.
S$0
Processing Fees
S$614
Monthly Repayment
CIMB CashLite Personal Instalment Loan

CIMB CashLite Personal Instalment Loan

CIMB CashLite Personal Instalment Loan
3.5%
Annual Interest RateEIR 6.6% p.a.
S$0
Processing Fees
S$614
Monthly Repayment
OCBC Personal Loan - New to OCBC loan customers

OCBC Personal Loan - New to OCBC loan customers

SingSaver's Exclusive Offer
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OCBC Personal Loan - New to OCBC loan customers
3.5%
Annual Interest RateEIR 7.27% p.a.
S$200
Processing Fees
S$614
Monthly Repayment
SingSaver's Exclusive Offer:
Low interest rates from 3.5% p.a for new-to-OCBC loan customers.

[SingSaver Flash Deals] Score a Dyson Pure Cool Me™ purifying fan (worth S$499) by being the first 5 each day to apply! Valid till 27 Sep 2020. T&Cs apply.

HSBC Personal Loan

HSBC Personal Loan

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HSBC Personal Loan
3.7%
Annual Interest RateEIR 7% p.a.
S$0
Processing Fees
S$617
Monthly Repayment
DBS Personal Loan

DBS Personal Loan

Popular
DBS Personal Loan
3.88%
Annual Interest RateEIR 7.9% p.a.
S$200
Processing Fees
S$620
Monthly Repayment
POSB Personal Loan

POSB Personal Loan

Popular
POSB Personal Loan
3.88%
Annual Interest RateEIR 7.9% p.a.
S$200
Processing Fees
S$620
Monthly Repayment
Citibank Quick Cash Loan

Citibank Quick Cash Loan

Popular
Citibank Quick Cash Loan
3.99%
Annual Interest RateEIR 7.5% p.a.
S$0
Processing Fees
S$622
Monthly Repayment
Citibank Quick Cash - Existing Customers

Citibank Quick Cash - Existing Customers

Citibank Quick Cash - Existing Customers
4.55%
Annual Interest RateEIR 8.5% p.a.
S$0
Processing Fees
S$631
Monthly Repayment
OCBC Personal Loan - Existing OCBC loan customers

OCBC Personal Loan - Existing OCBC loan customers

OCBC Personal Loan - Existing OCBC loan customers
4.7%
Annual Interest RateEIR 9.46% p.a.
S$200
Processing Fees
S$634
Monthly Repayment
SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. The effective interest rate (EIR) you can enjoy from the loans on our site range from 7.0% p.a. to 18.72% p.a. The EIR of your loan will depend on the annual interest rate (or bank advertised nominal interest rate) and the tenure of your loan. For example: a loan of S$10,000 over 3 years at 3.88% p.a. nominal interest would equate to monthly repayments of S$310.11, and the total cost of the loan that you pay back would be S$11,164. This is not inclusive of any administrative or processing fees that may apply.

SingSaver Explains: 4 Types of Personal Loans

With so many types of Personal Loans available, it can get a little confusing. Here's all you need to know about Personal Loans in order to make smarter financial decisions.

How can a personal loan help?
Personal loans can come in handy during a period of cashflow difficulty. Some of such situations include sudden medical costs, weddings, funerals, divorces and more. Rest assured that the bank won’t require you to get personal on personal loans and share the reason for taking it up during the approval process.

What are some of the main considerations of a personal loan?
A personal loan tends to offer interest rates that range between 3.5% and 11% per annum. When applying for one, do also consider the following key features:

  • Choice of loan tenures
  • Fixed monthly repayment and repayment period
  • Interest rates, barring late fees or other penalties
  • Minimum loan amount

Read this article to find the best personal loans in Singapore with the lowest interest rates.

What’s the difference between the annual interest rate and effective interest rate (EIR)?
The annual interest rate is the interest rate advertised by the bank. EIR is a better gauge of the interest rate you actually incur. The EIR is often higher than the annual interest rate because it factors in other costs such as transaction fees and administrative fees. They add to the final amount you pay.

Need some help?

No worries, we've got you covered!

What is a personal loan?

How does a personal loan work?

Are personal loans good for your credit score?

When should I use a personal loan?

What should I consider before applying for a personal loan?

How do banks or financial institutions decide my loan amount?

How long does it take to get a personal instalment loan approved?

Can foreigners apply for personal instalment loans in Singapore?

What if you don’t qualify for a personal loan?

What are the different types of personal loan interest rates?

Are there any benefits to taking a personal loan?

What is the eligibility criteria for personal loan?

What is the minimum salary to get a personal loan in singapore?

What is the maximum loan amount I can borrow?

What is the personal loan interest rate?

What are the fees I have to take note of when I take up a personal loan?

How to choose a personal loan?

What is the difference between an instalment loan and a personal line of credit?

Which is the best personal instalment loan in Singapore 2019?

How can I get a personal loan?

Confused by terms used in Personal Loan?

Glossary terms to know for first-time personal loan applicants

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