Our 7 Picks for the Best Loans in Singapore

Best Loans in Singapore

By Colin Ng

Loans are necessary if you want to make a big purchase but don’t have enough cash on hand. If you’re thinking of getting a loan yourself, you have to make sure to borrow money only from reputable lenders that offer the best loans in Singapore.

Searching for the right lenders to get a loan from isn’t going to be easy, but we’re here to help you out with our list of the best loans in Singapore. Check them out one by one to see which one offers the best loan on the island.

1.  Standard Chartered CashOne Personal Loan

Standard Chartered CashOne Personal Loan's Homepage

BEST FOR  Instant cash
SERVICES Debt Consolidation, Fund Transfer, and Auto Financing
WEBSITE https://www.sc.com/sg/borrow/loans/cashone/
ADDRESS 8 Marina Boulevard, Tower 1, #01-01 Marina Bay Financial Centre, Singapore 018981
CONTACT DETAILS +65 6747 7000
OPERATING HOURS Monday – Friday, 10:00 AM – 7:00 PM

Standard Chartered’s CashOne Personal Loans is perfect for people who are in need of cash immediately. Once your application is approved, the money will be transferred within 15 minutes to your chosen bank account.

To qualify for this loan, you need to earn at least S$30,000 annually. If you meet this requirement, you will be able to apply for a loan 4 times your monthly income.

In terms of its interest rate, it’s fixed at 3.88 pa, so no need to worry about struggling to pay it back incrementally because the interest rate is competitive. On your first payment, you will even receive a reward in the form of 50% cashback.

All these things are what convinced us that it’s one of top options for best loans in Singapore!


  • Instant cash
  • 50% cashback on first payment
  • Competitive interest rate
  • Easy application


2.  HSBC Personal Loan

HSBC Personal Loan's Homepage

BEST FOR  Fast approval
SERVICES Personal Loans, Home Loans, and Debt Consolidation Loans
WEBSITE https://www.hsbc.com.sg/loans/products/personal/
ADDRESS Singapore
CONTACT DETAILS +65 6227 8889

+65 6227 8886

OPERATING HOURS Monday – Friday, 9:30 AM – 5:00 PM

HSBC shows its support to customers who want to pursue their dreams by offering personal loans with reasonable interest rates and lenient requirements. If you have an annual income of S$80,000, your application is pretty much already accepted.

In addition, if you also apply online, you get approved in as fast as 1 minute! Only reliable money lenders that offer the best loans in Singapore can approve applications as fast as this!

One of the best features of HSBC’s Personal Loan is the flexibility of terms. Customers can choose how long they want to repay the loans — from 1 to 7 years.

You may even avail of a loan that’s 8 times higher than your monthly income. But don’t be scared of paying it back because HSBC can arrange a set-up that won’t be hard to your pockets.


  • Flexible tenor
  • Fixed monthly rate
  • 1-minute approval


3.  POSB Loans

POSB Loans' Homepage

BEST FOR  Borrowing and insurance
SERVICES Personal Loan, Home Loans, Car Loans, and Education Loans
WEBSITE https://www.posb.com.sg/personal/loans/
ADDRESS 107 Lor 1 Toa Payoh, # 01-266, Singapore 310107
CONTACT DETAILS +65 6339 6666
OPERATING HOURS Monday – Friday, 11:00 AM – 7:00 PM

If you’re looking for a money lender that can accommodate all types of loans, then make sure to check out POSB in Singapore. It’s definitely one of the best banks that offer the best loans in Singapore, mainly for their lenient payment methods and easy application.

Whether you need financial assistance  to pursue your studies or just want to purchase your own car, POSB is here to be of help! Most of their loans have low interest rates and frequent cashbacks.

Moreover, all their plans have discounts and promotions. POSB will make sure that you won’t have a hard time repaying the loan once you’ve successfully reached your goals!


  • Low interest rates
  • Regular cashbacks
  • Easy applications
  • Lenient requirements


4.  EZLoan

EZLoan's Homepage

BEST FOR  Friendly financial consultants
SERVICES Personal Loans, Business Loans, Payday Loans, Foreigner Loans, Study Loans, and Wedding Loans
WEBSITE https://ezloansg.com/
ADDRESS 1 Tanjong Pagar Plaza #02-09, Singapore 082001
CONTACT DETAILS +65 6222 2529
OPERATING HOURS Monday – Friday, 11:00 AM – 7:00 PM

 EZLoan is one of the top money lenders that offer a wide range of loans such as personal loans, study loans, business loans, wedding loans, and a whole lot more. It’s the reason we consider it one of top options for the best loans in Singapore.

What makes them different from other money lenders like banks is that they have a team of financial consultants you can talk to if you want to know more about the loan you’re planning to get.

This will allow you to properly plan how to manage your expenses in order to repay the loan on time.

If you’re intimidated by borrowing money from giant banks in Singapore, then we highly recommend that you go for EZLoan for lenient requirements and longer repayment periods.


  • Instant cash
  • Financial consultants
  • Longer tenor
  • Fast approval of application

Customer Reviews 

Here are some reviews from satisfied clients who have tried out EZLoan’s services:

“EZ helped me when no one wanted to. Serene took the time to understand my situation and come up with a good solution to ease my financial burden with a convenient and manageable loan package. I was struggling and feeling dejected with rejection after rejection before but now, I can breathe again. Thank you!”         

“They are very very friendly, the best part is they are so helpful, patient, helping me and explaining to me very clearly all the sequence. They are the best. The only loan company I will go to whenever I need to loan.Thanks”


5.  Credit Master

Credit Master's Homepage

BEST FOR  Low interest rate
SERVICES Health Loans, Car Loans, Wedding Loans, Education Loans, and Personal Loans
WEBSITE https://www.creditmaster.sg/
ADDRESS #01-50 Park Rd, People’s Park Complex, Singapore 059108
CONTACT DETAILS +65 6748 1338
OPERATING HOURS Monday – Sunday, 11:00 AM – 8:00 PM

Borrowing money from banks is more stressful than borrowing money from licensed lenders. With Credit Master, you don’t have to go through multiple hoops just to have your loan application approved.

Credit Master offers loans for all purposes, including education, car, health, and even weddings. On top of this, all loans come with flexible payment plans and low interest rates.

What we truly love about applying for loans from licensed money lenders is that their application process is very simple and lenient. As long as you meet their basic requirements, your application is less likely to be rejected.


  • Flexible payment
  • Easy application
  • Fast disbursement


6.  Lending Bee

Lending Bee's Homepage

BEST FOR  Fast application
SERVICES Debt Consolidation Loans, Renovation Loans, Auto Refinancing Loans, and Room Rental Loans
WEBSITE https://www.lendingbee.com.sg/
ADDRESS 14 Scotts Road Far East Plaza, #02-44/45, Singapore 228213
CONTACT DETAILS +65 6219 1611
OPERATING HOURS Monday – Sunday, 11:00 AM – 8:00 PM

If you want a money lender with the fastest application process, then look no further than Lending Bee in Singapore. In just 3-minutes, you can have your application approved and the money transferred to your chosen bank account!

Lending Bee believes that they can help improve the lives of their customers by offering loans with reasonable interest rates and flexible payment methods. Whether you need to purchase your own home or have it renovated, they definitely have you covered!

With over 42,000 clients, there’s no denying that it’s one of the most in-demand lending companies in Singapore. It’s really one of the top options for the best loans in Singapore!


  • 3-minute application
  • Low interest rate
  • Flexible payment

Customer Reviews 

Lending is one of your best options if you don’t want to borrow money from banks. Take a look at some of these reviews from their clients:

“It’s my first time requesting for a loan and I’m glad I chose Lending Bee Orchard Branch. The whole process was carried out professionally and transparently. Derek who attended to me was efficient and very helpful. He was clear and precise when explaining the salient terms of the loan and answering my questions. Overall Lending Bee made it a hassle free process and I got my loan request approved in an hour!. I thank Derek especially and also the team for their efficiency. It was a new but good experience, I’m impressed. Thank you Lending Bee, I will definitely recommend your firm to others who may need financial help.”

“Great service provided. They will try their best to fit our needs and time to pay up the monthly loan. It’s the third time loaning from them and I would say their service and payment method is one of the best that I have encountered before.”


7. Linkflow Capital

Linkflow Capital's Homepage

BEST FOR  Free Loan Assessment
SERVICES Small-Medium Enterprise Loan Assessment
WEBSITE https://smeloan.sg/
ADDRESS 150 South Bridge Road #02-10A Singapore 058727
CONTACT DETAILS Tel: +65 6589 8119 Email: [email protected]

Perfect for those who need cash as soon as possible, Linkflow Capital helps your company reduces the process time for your SME loan application by 3-5 working days. You’ll also have a lower chance of getting your application rejected. Compared to others, you can possibly save 30%-50% or close to $10,000+ on interest costs. The best part of all is that it’s hassle free. Their specialists will handle the tedious business loan application process.

Additionally, with its free online loan assessment tool, you can compared all SME loans within a minute.


  • Low rates, fast and hassle-free
  • Provides comparison of different SME loans from different banks

Customer Reviews 

Here are a few reviews left behind by satisfied clients:

“Consultant demonstrated deep domain knowledge in business financing, successfully assisted to secure business loan, good follow up & service. Overall, quite satisfied with the business loan consultancy engagement.”

“Very responsive. The staff is willing to help and share their knowledge.”


And that’s a wrap on our list of the top banks and money lenders that offer the best loans in Singapore! No need to worry about repaying your loans when you’re protected by any of these options.

There are lots of banks and money lenders in Singapore, of course, so there’s a possibility we missed some. If you know others that also offer the best loans in Singapore, feel free to tell us their names!

By the way, if you’re specifically looking for personal loans, then we’ve also got you covered! Here’s our list of the best options for personal loans in Singapore!

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