The 8 Best Options for Personal Loans in Singapore

The 8 Best Options for Personal Loans in Singapore

By Lance Teo

Personal loans 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.

1. Lendela

Lendela'S Homepage

BEST FOR  Multiple Personalised Offers
SERVICES Debt consolidation
Cash loan
Wedding loan
Student loan
Quick loan
ADDRESS Found8 Prinsep
128 Prinsep St, #01-01
188655 Singapore
CONTACT DETAILS +65 8201 0158 / +65 9670 1595
[email protected]

One of the hardest parts of getting a loan is finding the right lender, as well as monitoring the progress of your application. Fortunately, Lendela solves those problems, ensuring that your loan 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 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.


  • Personalised offers
  • Multiple Lenders
  • Full Customer Support
  • Easy Online Comparison

Customer Reviews 

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 loan 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
ADDRESS Singapore
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 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.


  • Fast approval
  • Online application
  • Loan of up to 8 x your monthly salary


3. United Overseas Bank

United Overseas Bank's Website

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 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.


  • Low interest rates
  • Easy approval
  • Cashback promos
  • Long repayment periods



POSB's Website

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 someone 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!


  • Low interest rates
  • Fast approval
  • Cashbacks
  • Promo for new customers


5. CIMB Bank

CIMB Bank's Website

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

Credit Master's Homepage

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

Customer Reviews 

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.”




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”.


8. I-Credit

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


 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!