Browse, Learn and Apply for Personal Loans here
Let's explore various loan types, including secured and unsecured loans, and highlight top providers. You'll discover what's needed to apply, how to go about it, and the key factors to consider when selecting a loan.
Personal Loan Guides
Qualifying for a personal loan
How to apply for a personal loan in Singapore
Can you get a personal loan without income proof?
Things to look out when applying for a personal loan
Which personal loan is the best for low income earners?
Are personal loans hard to get in Singapore?
How to apply for a personal loan with bad credit?
Things to note when applying for a loan as a self-employed person
Managing your loans
Read our reviews
If you’re a DBS or POSB customer in need of a loan, then the DBS Personal Loan should be your first consideration. You can benefit from the speedy loan application along with instant loan approval and funds disbursement.
The UOB personal loan offers similar benefits and more. Features such as instant cash disbursement, low interest rates, and a waived processing fee make this personal loan a very attractive option indeed. Did we mention that minimal documentation is required as well?
The appeal of its floor-grazing interest rates aside, the Standard Chartered CashOne’s string of promotions will make it worth your while.
Equipped with an attractive interest rate and generous personal loan tenure and cap, the HSBC Personal Loan is ideal for those who require a larger loan to be serviced over a longer period of time.
CIMB Personal Loan is an excellent choice for borrowers in Singapore seeking a personal loan with competitive interest rates and versatile repayment options. It offers a valuable solution for those looking to manage their finances with ease and flexibility, making it a preferred option for many.
Personal Loan FAQs
How Do Personal Loans Work In Singapore?
In Singapore, personal loans are unsecured loans offered by banks and financial institutions, allowing individuals to borrow a fixed sum and repay it in installments over time. Eligibility depends on factors like income, credit score, and citizenship status.
How Long Does It Take To Get A Personal Loan?
The time it takes to get a personal loan in Singapore can vary, but typically it ranges from a few hours to a few business days. Some banks and financial institutions offer instant approval for eligible applicants, while others may take 1-5 business days for processing and disbursal.
How Many Personal Loans Can You Have at Once?
In Singapore, you can have multiple personal loans, but the total depends on your debt-to-income ratio and creditworthiness, with the TDSR capped at 55%.
How Much Loan Can I Get From A Bank In Singapore?
In Singapore, banks typically offer personal loans of up to 4 to 10 times your monthly income, depending on your income level, credit score, and the bank's lending policies.
How To Check Your Personal Loan Application Status?
You can check your personal loan application status in Singapore by logging into your bank's online banking portal or mobile app, calling the bank's customer service hotline, or visiting a branch in person. Some banks also provide email or SMS updates on your application status.
What Are Amortised Loans And How Do They Work?
An amortized loan is repaid in fixed installments, with each payment covering both interest and principal, gradually reducing the loan balance over time.
When to Use a Personal Loan for Home Renovations
https://www.singsaver.com.sg/blog/use-personal-loan-home-renovations
How To Apply For A Renovation Loan In Singapore?
To apply for a renovation loan in Singapore, submit documents like proof of income and a renovation contract to the bank. You can apply online or at a branch for approval and disbursement.
How Does A Renovation Loan Work In Singapore?
A renovation loan in Singapore is a specialized loan for home improvements, where the bank disburses funds directly to the contractor. It’s repaid in fixed installments over a set period, typically with a lower interest rate than personal loans.
