Personal loans in Singapore always come in handy, especially when you’re about to purchase something big like a home or car. However, you should only borrow money from the best lenders for personal loans in Singapore.
Since we want to make your research easier, we did the work ourselves and compiled the best options for personal loans in Singapore for you! Check them out below.
|BEST FOR||Multiple Personalised Offers|
|ADDRESS||Lendela Pte. Ltd. (UEN: 201801220D)
109 North Bridge Rd, #07-21
|OPERATING HOURS||(Mon-Fri 9 a.m. – 6 p.m.)|
One of the hardest parts of getting a loan is finding the best money lender in Singapore, as well as monitoring the progress of your application. Fortunately, Lendela solves those problems, ensuring that your cash loan in Singapore is not only accepted, but also processed as fast as possible.
Lendela takes pride in their unique Fintech platform– which allows clients to find the best loan offers for them without any hassle. Transparency is part and parcel of their services, where they ensure that you are immediately informed of any prospective offers from their partnered lenders.
Best of all, you can count on them to be with you every step of the way. They will make sure that you not only know all of your choices, but also end up with a Singapore personal loan that suits your lifestyle and budget. No matter the type of loan you need, Lendela is sure to find the right one for you.
The requirements so you can apply include:
- 18 – 70 years old
- Minimum monthly income of $1,200
- Salaried Singaporean / PR / EP holder
- Personalised offers
- Multiple Lenders
- Full Customer Support
- Easy Online Comparison
Here’s what a few of Lendela’s satisfied customers had to say:
“My experience was excellent. Staff by name Ben helped me through the process patiently and promptly that made my personal loan sg process easy. Appreciate!”
“Very proactive following up on the status and outcome of the application. Prompt and friendly sales rep. who shares best available solution to aid your application needs.”
|BEST FOR||Banking, Investments, and Borrowing|
|SERVICES||Loans, Mortgages, Debt Consolidation, and Home Loans|
|CONTACT DETAILS||+65 6227 8889|
|OPERATING HOURS||Monday – Friday, 9:30 AM – 5:00 PM, depending on the branch|
HSBC is a bank known all over the world, and that’s why it’s at the top of our list for the best options for personal loans in Singapore.
If you plan to take a loan from them, you can be entitled to a personal loan in Singapore valued at anywhere from one to 8 times your monthly income, which is significantly more than most banks can offer.
Some of their personal loan packages have the longest repayment terms (up to 7 years), depending on the conditions.
HSBC also has the fastest approval time. If you sign up online, you can sometimes get approval in not more than a minute!
To be eligible for their personal loans, you have to be between 21 to 65 years of age, and earn at least SGD30,000 annually. Contact them now to find out more about getting the lowest interest rate for personal loans in Singapore.
- Fast approval
- Online application
- Loan of up to 8 x your monthly salary
3. United Overseas Bank
|BEST FOR||Banking, Insurance, Borrowing, and Investment|
|SERVICES||Personal Loan, Balance Transfer, Debt Consolidation Plan, and Car Financing|
|ADDRESS||80 Raffles Place, 1 UOB Plaza, Singapore 048624|
|CONTACT DETAILS||+65 1800 222 2121|
|OPERATING HOURS||Monday – Friday, 9:30 AM – 4:30 PM|
If you’re looking for a bank offering personal loans in Singapore with a good interest rate, then look no further than United Overseas Bank. They offer a wide range of services that include banking, borrowing, investment, and even insurance.
What we like about this one is that it lets customers choose the repayment period of their loans, most ranging from 12 to 60 months. Some even get cashback of up to $1,200 when they choose 36, 48, or 60 months.
What’s more, you get to control your monthly finances effectively because of their fixed monthly rates. Unlike other banks, you will not be shocked with your monthly dues!
As long as you’re over 21 and under 60 years old and earn an annual income of at least SGD30,000, then you’re pretty much eligible for their personal loans. It’s not a surprise to know that they have been considered one of the best personal loans in Singapore for 2021.
- Low interest rates
- Easy approval
- Cashback promos
- Long repayment periods
|BEST FOR||Banking, Insurance, and Borrowing|
|SERVICES||Personal Loan, Home Loans, Car Loans, and Education 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|
Sometimes, we just need a little help from a personal loan bank in Singapore to get things started. And maybe, the help we need is POSB, one of the most trusted banks in personal loans in Singapore.
With low interest rates and cashback of up to $1,088, POSB’s personal loans are perfect for people who need money immediately. If most banks can take up a day to disburse personal loans, POSB can provide personal loans immediately!
What we truly love about their packages is that everyone is entitled to their promotions. As long as you apply for their loans online, you’re automatically entitled to a cashback!
Whether you’re using the loan to get your own home or for an emergency, POSB will definitely have your back. And this is why we considered them to be one of the best licensed money lenders in Singapore for 2021.
- Low interest rates
- Fast approval
- Promo for new customers
5. CIMB Bank
|BEST FOR||Personal and Business Loans|
|SERVICES||Personal Loans, Property Loans, and Overseas Property Loans|
|ADDRESS||#03, 270 Orchard Rd, 02, Singapore 238857|
|CONTACT DETAILS||+65 6333 7777|
|OPERATING HOURS||Monday – Friday, 10:00 AM – 8:00 PM|
If you think that applying for a personal loan is hard, wait until you see how fast your application can be approved with CIMB Bank. Known as one of Singapore’s most trusted banks, it offers a wide rage of loan packages including education, home, and debt consolidation plans.
On top of their low interest rate, what makes CIMB Bank a worthy bank is their unwavering support to all their customers. Each loan plan is designed to help everyone pursue their dreams without inhibitions.
- Easy approval
- Low interest rates
- Loans for all purposes
6. Credit Master
|BEST FOR||Money Lending|
|SERVICES||Personal Loans, Wedding Loans, Education Loans, Car Loans, and Health Loans|
|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|
If you’re not into borrowing money from banks, then make sure that you find a legitimate money lender, just like Credit Master. It’s one of the most trusted money lenders on the island that offer easy cash and personal loans.
Whether you need the money to pay off your tuition or to get yourself a car, Credit Master can provide flexible payment plans with low interest rates. As long as you’re over 21 years old and can provide proof of stable income, your application will pretty much be approved.
Unlike personal loans from banks, the ones offered by money lenders are less strict and allow customers more time to pay. Imagine having someone that doesn’t pressure you to settle everything immediately!
- Licensed money lender
- Fast disbursement
- Flexible repayment methods
- Easy approval
Here are some praises that Credit Master has received:
“Service is very efficient. Beautiful loan officers. Jeremy and Claudia are very friendly and explain the best way for me to save money which other places would not help you with. Fast and high amount of loan approval! Always Come to them to get loans.”
“Best place to come when you need a loan. Sharlene and Jessica are always helpful when i’m here to apply for the loan. Good customer service and very professional. They are very transparent with their loan and interest. Thank you Creditmaster!”
“The staff are very friendly and professional. Thanks Jessica for explain to me the about process clearly. She even gives me a cup of tea. Overall, credit master is trustworthy money lender. They provide very good service.”
7. SWIFT CREDIT
|BEST FOR||Money Lending|
|SERVICES||Personal Loan, Business Loan, Pay Day Loan, and Foreigner Loan|
|ADDRESS||1 Sophia Road, #01-37 Peace Centre, Singapore 228149|
|CONTACT DETAILS||+65 6684 4129 | [email protected]|
|OPERATING HOURS||Monday – Saturday : 11am – 7pm (Sundays & Public Holidays by Appointment Only)|
Similarly, Swift Credit is a non-bank based lending institution that offers personal loans. Licensed with the Registrar of Moneylender, Swift Credit sure is equipped to provide cash for whatever your need is.
Known for fast processing of loan application, Swift Credit boasts that waiting time for approval will only take 5-10 minutes, as long as all the required documents are provided. When your application is approved, you may get your cash, fast and easy!
- Easy approval
- Fast processing
- Affordable rates
Here are some thoughts previous customers of Swift Credits have said about the company:
“Had been to a few moneylender so far but swift Credit loan packages are the best as well as their good services”.
“Nice company to deal with, easy access location with fast approval. Staff was kind enough to clearly explain the loan terms to me. In addition, they also offer very good repayment schemes”
“Went around checking different lenders; this is the one with the best rates and monthly installment”.
|BEST FOR||Flexible Solutions|
|SERVICES||Personal Loan, Payday Loan, Secured Loan, Marriage Loan, Education Loan|
|ADDRESS||82 Lorong 23 Geylang #05-02, Atrix Singapore 388 409.|
|CONTACT DETAILS||+65 6222 5222|
|OPERATING HOURS||Monday to Friday: 11:00 am – 8:00 pm
Saturday & Sunday: 11:00 am – 4:00 pm
Closed on Public Holiday (“open on selected” call to check)
Established in 2009, I-Credit’s goal is to assist you with your finances– may it be recovering or taking the next step. With this in mind, they offer various personal loans that can be customised to fit any of your needs.
Their professional staff delivers services that are not only reliable but also transparent at all times. You can count on them to help you choose the loan option that is best suited for you.
- Competitive interest rates
- Fast loan approval decision
- Easy repayment methods
9. Best Credit
|BEST FOR||Quick Loans|
|ADDRESS||BLK 372 BUKIT BATOK STREET 31 #01-374 (LEVEL 2) SINGAPORE 650372|
+65 6272 5538
Mon to Fri 11:00AM-8:00PM
Sat to Sun 12:00PM-5:00PM
Best Credit Pte Ltd is a licensed moneylender in Bukit batok. They were formally known as Cing Dien Credit and was established in 1985.
With more than 30 years of experience, they can provide clients with not only loans but also advice on what is the most suitable type of loan for them. The decades have given Best Credit wealth and knowledge in understanding any of their client’s needs and concerns, tailoring every loan aligned to these two factors.
- Tailored loans aligned to the client’s needs
- Quick loans
10. Quick Credit
|BEST FOR||Quick and Easy Loans|
|ADDRESS||No 2 Jurong East Street 21 #04-01A IMM Building 609601 Singapore|
Mon to Fri 10:00AM-8:00PM
Sat to Sun 10:00AM-5:00PM
Quick Credit Pte Ltd (formerly known as Reliahome Associate which was incorporated on 1st December 2001 and then change to Reliahome Associates Pte Ltd on 15th December 2002). With the years of experience behind them and the countless repertoires of clients under their belt, they have learnt a lot about each and individual specific needs for money lending facilities.
They have re-designed and re-package our money lending facilities to meet client requirements at an affordable rate. They believe in the quote “It’s Your Finance, It’s My Credibiity.”
- Licensed moneylender
- Quick and easy loan process
Here’s a review from one of Quick Credit’s clients:
“I have seek help from quick credit a few times. They are very professional. They listened and understand the hardship one is going through. Karman is very helpful. She assisted within her limit and explained In detailed manner. When in need, I know Quick Credit is always there for my family needs. Thank you Karman Wong and team 🙏”
Here’s another one:
“Before entering the shop, I have my doubts in regards to moneylenders. But the service provided is very professional and they are willing to listen and can feel that they are keen to help me get the best rates. Hopefully I will not get myself to a bad money situation again but if there is, AP will definitely be one of my top choices. Many thanks to the manager of AP (didn’t manage to get his name).”
EasyFind is a Fintech loan-matching platform that allows users to easily find the best loan offers within seconds. All users need to do is note down the necessary details, like loan amount and monthly salary, and EasyFind will do the rest.
Aside from loan matching, EasyFind also provides loan and buying guides for those who come on their site. Anything that needs clarifying when it comes to general information regarding personal loans, they can address.
- Easy-to-navigate site
- Quick searches
12. KBB Credit
|BEST FOR||Reliable lending services|
|ADDRESS||111, #01-35 North Bridge Rd, Peninsula Plaza, 179098|
+65 6255 6998
Founded in 2010, KBB Credit has unfailingly provided the people of Singapore with excellent customer service and the most flexible money lending programs.
Regardless of the specifications of one’s money problems, KBB Credit can lend a hand (and money) in no time. They achieve such a feat with the help of knowledgeable loan consultants who make it a point to note the clients’ needs before offering them a program that can solve their problems.
- Various loans available
- Personalised loan plans
13. Soon Seng Credit
|BEST FOR||Professional service and Loan rates|
|SERVICES||Personal Loan, Business Loan, Debt Consolidation Loan, Grab/Gojek Loan, Renovation Loan, Wedding Loan, Medical Loan, Personal Loan For Foreigners, Bridging Loan, Study Loan|
|ADDRESS||1 Park Rd, #01-21, People’s Park Complex, Singapore 059108|
|CONTACT DETAILS||Email : [email protected]
Tel : 6226 8860
|OPERATING HOURS||11.00am – 8.00pm (Mon to Sat)
Sun: 10.30 to 5pm
Closed on Public Holidays
The subject of loans and lenders typically means tricky business for the regular person. After all, there are so many factors that need to be considered when applying for loans.
Fortunately, there is one lender that strives to make it as simple as possible for the people of Singapore. That lender is known as Soon Seng Credit.
At Soon Seng Credit, the “”best”” loan is one that has been carefully tailored to meet the clients’ needs. The experts at Soon Seng Credit always take the time to talk to each client, learning more about the situation, their needs, and current financial capacity and credit before moving forth with the loan options.
Aside from the tailor-fit loan options, Soon Seng Credit has also been commended for offering personal loans to both Singaporean residents and foreigners alike.
To close things off, it’s worth noting that the team at Soon Seng Credit works tirelessly to accommodate all clients. They always keep in mind the company’s policy, which is to work with honesty in mind.
As a result, clients can expect detailed explanations regardless of the loan they apply for. This way, the company policy is adhered and clients can know what to expect when working with Soon Seng Credit.
- Offers loans for residents of Singapore as well as foreigners
- Prompt and professional responses
- No hidden fees
- Hassle-free loan application
14. Cash Direct
|BEST FOR||One-stop loan solutions|
Debt Consolidation Loan
|ADDRESS||Vision Exchange, 2 Venture Drive #01-21 Jurong East Central, 5 mins walk from Jurong East MRT Station Exit B, Singapore 608526|
|CONTACT DETAILS||Tel: +65 6493 0088
Email: [email protected]
|OPERATING HOURS||Sunday: 12–5pm
Monday – Saturday: 11am–8pm
Cash Direct was established as a small company to help the people of Singapore through financial difficulties. Since then, they’ve expanded and now offer a multitude of loaning services aside from personal loans.
From business loans to wedding loans, and even bridging loans, rest assured Cash Direct can assist you.
If you’re considering employing their services, you can easily do so thanks to their convenient location. You can also apply for the loan in their website, in case you’re unable to head to their address.
With their fast loan processing, they need only your basic details and the amount you’re trying to loan, the rest will be checked after.
- No unnecessary requirements
- Competitive interest rates
- Urgent cash lending
|BEST FOR||Personal Loans|
|SERVICES||Personal Loan, Foreigner Loan, Business Loan|
10 Anson Road
Email: [email protected]
Mon – Fri : 11am – 8pm
Sat : 12pm – 5pm
Closed on PH
QuickLoan Pte Ltd is a licensed moneylender located in Singapore’s CBD area that provides customers with quick loans and low interest rates.
Unlike traditional banks, their application requirements are less stringent to accommodate more people. Moreover, their loan packages come with flexible repayment plans that can be adjusted according to a client’s job.
QuickLoan’s staff is welcoming and attentive to any client that approaches them, going above and beyond to find the perfect loan plan that suits their client’s needs. With their knowledge of the current rates and developments in finance, they’ll be able to provide the loan with the best rate for you.
Individuals and businesses alike rely on QuickLoan time and time again given their excellent loan packages and accommodating staff. Feel free to book a free consultation if you’re interested in getting a personal loan from them!
- Offers free consultation for all services
- Accommodates locals and foreigners
- Excellent customer service
And with that, we end our list of the best options for personal loans in Singapore! Not a lot of banks and money lenders have great reputations in terms of loans but you can definitely trust the ones on our list!
How about you? Have you tried borrowing money from anyone from Singapore? Tell us your experience by commenting below!
By the way, if you want to get more money on top of your personal loan by selling your car, then check out our list of the best car dealerships in Singapore! These will definitely help you earn more money by introducing you to great dealers and buyers!