10 Best Personal Loan Providers in Singapore (2026)
Ten personal loan products from banks serving Singapore residents, named as printed on each bank's site, with what to check on total cost before you apply.
- Edited by
- Amir Wahab
- Published
- Reading time
- 7 min read
AI image by LocalRankThis guide lists ten personal loan products offered to Singapore residents by banks, from the three local banks to foreign-owned and digital banks. Each product is named as printed on the bank's own page and described only as the bank says it is, because interest rates, fees, loan sizes and eligibility change often and belong on the lender's site. The order is editorial grouping, not a ranking, and nothing here is personal advice or a suggestion to borrow. We leave out licensed moneylenders and any short-term high-cost credit. Before applying, read the product summary, compare the total cost of borrowing across lenders, and check how your existing commitments will be assessed.
1. DBS Personal Loan
DBS Personal Loan is the lead product on the personal loans page of DBS Bank, which describes it as funding for unexpected expenses. The same page sits alongside three related options: DBS Cashline, a flexible credit facility the bank presents as instant cash; DBS Balance Transfer, aimed at moving card balances; and the DBS Debt Consolidation Plan, which it describes as combining several bills into a single loan. The Association of Banks in Singapore lists DBS Bank Ltd as a local full bank, and the page links through to each product's details and application route. Rates, fees, approved amounts and eligibility are set by the bank and shown on its product pages, so read those and the terms before you apply.
2. OCBC EasiCredit
EasiCredit is the personal borrowing product shown on OCBC's personal loans page, where the bank describes it as a standby line of credit that lets you repay flexibly. That makes it a revolving facility rather than a one-off lump sum, so it works differently from a fixed-term instalment loan. The same page links to OCBC's Debt Consolidation Plan, which it describes as bringing credit card and personal loan balances held across several institutions into one fixed monthly repayment. The Association of Banks in Singapore lists OCBC as a local full bank. Charges, limits, eligibility and any current offers are published by the bank and change over time, so read the product terms and fact sheet before applying.
3. UOB Personal Loan
UOB Personal Loan is the unsecured personal loan on United Overseas Bank's borrowing pages, which describe it as a financial boost with an online application form and a phone line for enquiries during stated weekday hours. The Association of Banks in Singapore lists United Overseas Bank Limited as a local full bank, and the bank's site carries Singapore Deposit Insurance Corporation notices for its deposit accounts. Loan pricing, tenures, any fee waivers and eligibility rules are set out on the product page and in the bank's terms, and they change from time to time. Read the product summary and the way the bank describes its effective interest rate before you decide, and keep any promotional wording separate from the standard terms.
4. Standard Chartered CashOne Personal Loan
CashOne Personal Loan is Standard Chartered's personal loan for Singapore, which the bank describes as a flexible way to fund goals such as home improvements, travel and weddings, with an online application and quick approval for eligible applicants. The Association of Banks in Singapore lists Standard Chartered Bank (Singapore) as a qualifying full bank, and the bank's pages refer to Singapore Deposit Insurance Corporation cover for deposits. The page offers an apply button and an SMS option for a callback. Interest, fees, tenures and eligibility are published by the bank and are subject to its terms and conditions, which are linked from the product page. Review those carefully and compare the full cost with other lenders.
5. HSBC Personal Instalment Loan
HSBC Bank (Singapore) Limited lists a Personal Instalment Loan, which its site describes as an unsecured loan repaid through fixed monthly instalments, with funds paid out to a designated account after approval. The same page also shows a Personal Line of Credit, a revolving option linked to a debit card. HSBC notes on that page that credit balances in the line of credit are not insured under the Singapore Deposit Insurance Corporation scheme, a reminder that borrowing and deposit protection are different things. The Association of Banks in Singapore lists HSBC Bank (Singapore) Limited as a qualifying full bank. Pricing, limits, tenures and eligibility are set by the bank and change, so check its page and fact sheet before applying.
6. Citi Quick Cash
Citi Quick Cash is a personal loan from Citibank Singapore that the bank describes as a way to convert available credit limit on a Citi credit card or Citibank Ready Credit into cash, repaid in monthly instalments aligned with the account statement. Its site says the product is open to existing customers and new applicants through the Citi Mobile App and Citi Online. Because it draws on a credit limit, it is tied to those underlying accounts. The Association of Banks in Singapore lists Citibank Singapore Limited as a qualifying full bank, and the bank's pages carry the Singapore Deposit Insurance Corporation notice. Charges, eligibility and repayment terms are published on its product page, so read them and the terms and conditions first.
7. CIMB Personal Loan
CIMB Personal Loan is an unsecured loan from CIMB Bank in Singapore, which its site describes as offering flexible repayment, quick approval and an online application for eligible applicants. The page says the bank accepts Singapore citizens, Singapore permanent residents and Malaysians holding a valid work pass, a point worth confirming against current rules. CIMB's site states that it is a member of the Singapore Deposit Insurance Corporation scheme and that products are subject to its terms and MAS regulations. The Association of Banks in Singapore lists CIMB Bank Berhad as a full bank. Pricing, limits, tenures and fees are published by the bank and can change, so check its page and product summary before you apply.
8. GXS FlexiLoan
GXS FlexiLoan is the borrowing product from GXS Bank, a digital full bank backed by Grab and Singtel. Its site describes two structures: an instalment loan with equal monthly repayments, and a balance transfer option that it presents as a zero-interest cash transfer repaid flexibly, with a one-off fee. The site positions the product for needs such as home renovation, shopping and everyday cash flow, and applications run through the app. GXS states that it holds a banking licence from the Monetary Authority of Singapore, and the Association of Banks in Singapore lists it as a digital full bank. Because its structures differ, compare how each is priced and repaid on its product page and terms before applying.
9. MariBank Instant Loan
MariBank Instant Loan sits on the Singapore product pages of MariBank, a digital full bank owned by Sea Group. The bank's site describes a range of borrowing options for consumers, including the Instant Loan, split payment, balance transfer and split bill, all used through its digital banking app, with in-app live chat as the recommended support route. Its site says it is licensed by the Monetary Authority of Singapore and carries the statutory deposit insurance notice for Singapore dollar deposits. The Association of Banks in Singapore lists MariBank Singapore Private Limited as a digital full bank. Pricing, limits, eligibility and fees are published by the bank and change, so read the product page and terms before you decide.
10. Trust Instant Loan
Instant Loan is a personal loan from Trust Bank Singapore, a digital full bank formed through a partnership between Standard Chartered and FairPrice Group. Its site describes it as letting customers turn part of the available balance on a Trust credit card into cash, repaid over a flexible period, with the money paid into a Trust savings account. The page says the loan is open to new Trust customers as well as existing cardholders, with a help section and contact page for questions. The Association of Banks in Singapore lists Trust Bank Singapore Limited as a full bank. Fees, pricing and eligibility are published by the bank and change, so read the product page, fee notes and terms before applying.
How to choose
- Look at the total cost of borrowing, not the headline rate. Ask each bank for the effective interest rate, which reflects fees and the repayment schedule, and read the fee schedule for processing, late payment and early repayment charges. Two loans with similar advertised rates can cost quite different amounts once fees and tenure are included.
- Understand how lenders assess your existing commitments. Banks in Singapore look at how much of your income already goes to debt repayments, often described through the Total Debt Servicing Ratio, so existing loans, cards and credit lines all matter. Knowing your own obligations first helps you judge what the bank is likely to consider.
- Confirm the lender is licensed. A bank should appear in the Monetary Authority of Singapore's Financial Institutions Directory, and licensed moneylenders are listed on the Ministry of Law register. Treat unsolicited loan offers by message or call with caution. The same checking idea applies as with any licensed moneylender in Singapore, and be wary of upfront fees.
- Compare the structure, not just the price. An instalment loan with fixed monthly repayments behaves differently from a revolving line of credit or a loan drawn against a credit card limit. Check the tenure, whether early repayment is allowed, what it costs, and what happens to the remaining balance if your circumstances change.
- Read the product summary and terms before accepting, and treat promotions separately from standard terms. Check eligibility conditions, what happens if you miss a payment, how the bank reports to credit bureaus, and where to complain. Borrow only what you can comfortably repay, and ask the bank to explain anything unclear in writing.
. No changes recorded since.
Founder and Editor
Amir Wahab is the founder and editor of LocalRank, an independent Singapore rankings and local guides publication.
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