Best Personal Loan in Singapore: Get the Fast Cash You Need Anytime with Low-Interest Rates
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(Updated: 15 April 2024)
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No need to spend a day shopping around for loans. We’re making it easier and faster to find the right offers with low-interest rates.
How to Find The Best Personal Loans In Singapore With Lowest Interest Rates?
You may have searched online for a personal loan with the lowest interest rate and have run out of options. Understanding how interest rates work is the best place to start your search. Interest rates may differ between banks and lenders. We make information easily accessible at EasyFind. There is no need to look elsewhere. With our assistance, you can obtain a low-interest personal loan in Singapore. If you compare offers against various interest rates, you can easily make an informed decision.
Do not worry if you are not eligible for a personal loan from a bank. We are here to help you. In addition, we provide details on how to qualify for an instant loan. Get started by filling out our online form. Let our online matching platform find you a perfect fast cash loan.
What You Need to Know About Personal Loan Interest Rates in Singapore?
If you’ve been searching for and comparing loans in Singapore, you may have noticed that interest rates vary. Here’s a closer look at these interest rates so you can make an informed decision.
Best Personal Loans from Singapore Banks (2024)
Personal Loan | Interest Rates (p.a.) | Effective Interest Rates (EIR) (p.a.) | Minimum Annual Salary Requirement | Key Advantage |
---|---|---|---|---|
CIMB Personal Loan | 3.38% | 6.32%** | $30,000 | Lowest Promotional Rate for New Customers |
HSBC Personal Loan | 3.0% | 6.5% | $20,000 | Received cashback and no processing fee |
POSB/DBS Personal Loan | 2.88% | 5.79% | $20,000 | Instant Cash Approval and Disbursement |
Citibank Quick Cash | 3.56%* | 6.5%* | $30,000 | Short Term Loan (0% Annual Nominal Interest Rate for 1 Year Loan Tenure) |
Standard Chartered CashOne Personal Loan | 3.48% | 6.95% | $20,000 | Cash Back (50% on first month’s instalment |
UOB Personal Loan | 3.77%** | 6.89%** | $30,000 | Instant Cash and Cash Back Offer |
| 3.50% | 6.96%** | $20,000 | High Loan Approval for income earners of at least $120,000 annually |
Maybank CreditAble Term Personal Loan | 3.88%** | 7.09%** | $30,000 | Repayment plan is up to 60 months |
*Based on Citibank’s new customers taking a minimum loan amount of $20,000 in 3-year loan tenure.
**Based 3-year tenure.
What to Do If You Don’t Qualify for a Personal Loan from Banks in Singapore?
What to Do If You Don’t Qualify for a Personal Loan from Banks in Singapore?
All loans are typically subject to a minimum income requirement set by banks. Additionally, if you are a foreigner with an income of less than $3,000 per month, getting a loan may be very challenging since it requires higher monthly income from certain banks.
A licensed moneylender in Singapore may be able to help you if you have been denied a loan from a bank. To avoid future complications, borrow only from licensed moneylenders listed by the Ministry of Law. We have rigorously examined them to ensure they are genuine and comply with all applicable regulations.
Personal loan terms and conditions must be explained to you in a language you understand by Singapore moneylenders. To ensure that you are satisfied with the terms and conditions, pay close attention, listen attentively, and read carefully.
Get clarification from the lender if you have any questions. No matter how much you need a loan, avoid taking one if anything is uncertain. There are alternatives if you’re not satisfied with the conditions offered by one lender. Find a licensed moneylender that meets all your requirements by shopping around and comparing conditions.
It is possible for moneylenders to charge interest rates of up to 4% per month. Consequently, borrow the smallest amount and shortest term possible to meet your requirements.
Are You In Need Of Quick Personal Loan Today?
Let us assist you in getting the most suitable loan offers in less than a minute!
Are You In Need Of Quick Personal Loan Today?
Let us assist you in getting the most suitable loan offers in less than a minute!
How to Know Which Personal Loan is Right for You?
How to Know Which Personal Loan is Right for You?
Singapore Personal Loan FAQs
Singapore's Personal Loan Borrowers' Notes
It is essential to know the interest rates charged by licensed moneylenders before applying for a quick cash loan. It is therefore advisable to compare rates and guidelines to see if they are compatible with your current financial situation.
Be sure to read the agreement before signing. Make sure there are no hidden costs, conditions, or other information. Choose lenders with competitive interest rates and repayment plans. You should clarify any questions you have about the contract with your lender before submitting your loan application.
Before signing anything with money lenders, make sure you understand the contract completely. It must be explained in a language you understand. If you need assistance, you can also consult a lawyer. Any contract you sign rashly can lead to serious problems down the road. You can easily walk away from a contract if it has any questionable terms. In the end, it’s up to you whether to borrow money from a specific lender or another that matches your needs.