Best Personal Loans in Singapore
| # | Name | Price |
|---|---|---|
| 1 | Crawfort | — |
| 2 | Credit Thirty3 | — |
| 3 | Fortune Credit | — |
| 4 | Friday Finance | — |
| 5 | Lendela | — |
| 6 | Lending Bee | — |
| 7 | OCBC | — |
| 8 | ROSHI Singapore | — |
| 9 | SingSaver | — |
| 10 | Standard Chartered CashOne | — |
| 11 | UOB Personal Loan | — |
| 12 | DBS Personal Loan | From 1.48% p.a. (EIR from 3.22% p.a.) |
The best personal loan in Singapore depends on your income and credit record. If you earn at least S$30,000 a year and have a clean record, a bank loan is usually cheapest. As of October 2026, advertised bank rates start from 0.90% p.a. (EIR from 1.75% p.a.) at Standard Chartered. If a bank turns you down, use a moneylender on the Ministry of Law’s licensed list. Comparison platforms like Lendela, ROSHI and SingSaver let you check several offers with one application.
What’s changed in 2026
- From 15 September 2026, unsecured non-business loans from licensed moneylenders have a mandatory three-business-day cooling-off period. You can cancel with no interest charged and only part of the approval fee kept (Ministry of Law).
- All five moneylenders in this list appear on the Registry of Moneylenders’ list of valid licences as at 1 September 2026.
- We removed OMY. Its site has not published new content since July 2025, so we could not confirm the loan-matching service is still running.
- We added three bank loans with rates checked on the banks’ own pages in October 2026: Standard Chartered CashOne, UOB Personal Loan and DBS Personal Loan.
- Friday Finance now advertises rates from 0.88% a month, down from the 1.8% a month we listed before.
How do personal loans in Singapore work?
A personal loan gives you a lump sum that you repay in fixed monthly instalments. Banks usually offer tenures of one to five years. You can use the money for most purposes, such as medical bills, renovation, a wedding or clearing card debt.
Banks advertise an applied rate (a flat rate) and an effective interest rate (EIR). Always compare the EIR. It includes fees and reflects that you repay the principal over time. The banks we checked ask for a minimum annual income of S$30,000 for Singapore citizens and PRs.
Licensed moneylenders accept lower incomes and weaker credit records, but cost more. Only borrow from a firm on the Ministry of Law’s list of licensed moneylenders. Unlicensed lenders are loansharks.
Crawfort
- Website
- crawfort.com
- Phone
- +65 6777 8080
- Address
- 1 North Bridge Road, #01-35, High Street Centre, Singapore 179094
- Type
- Licensed moneylender (CF Money Pte. Ltd., licence 86/2026)
- Loans
- Personal, payday, short-term, debt consolidation, wedding and vehicle loans
Crawfort has lent in Singapore since 2011 and runs most of its process online. It says its digital application can give an approval in about eight minutes. Rates are not published on its site, so ask for a full quote before you sign.
- Mostly online application
- Covers short-term and debt consolidation needs
- Long track record in Singapore
Credit Thirty3
- Website
- creditthirty3.com.sg
- Phone
- +65 6292 2931
- Address
- 190 Lorong 6 Toa Payoh, #01-548, Singapore 310190 (next to Toa Payoh MRT Exit C)
- Hours
- Mon–Sat 11am–8pm, Sun 10am–6pm, closed on public holidays
- Type
- Licensed moneylender (licence 1/2026)
- Loans
- Personal, payday, monthly instalment, debt consolidation, foreigner, business, renovation, education, wedding, medical and travel loans
Credit Thirty3 is a walk-in lender in Toa Payoh with a wide range of loan types. It also considers applicants with a poor credit record. Confirm the interest rate, fees and total repayment in writing before you accept.
- Easy to reach by MRT
- Open on Sundays
- Many loan types under one roof
Fortune Credit
- Website
- fortunecredit.com.sg
- Phone
- +65 6777 1887
- Address
- 67 Beach Road, #01-01, Bulkhaul House, Singapore 189688
- Hours
- Mon–Fri 11am–8pm, Sat–Sun 11am–5pm, closed on public holidays
- Type
- Licensed moneylender (licence 36/2026)
- Loans
- Personal, business, bridging, foreigner, payday and renovation loans
Fortune Credit has operated since 2010 from Beach Road, near Bugis and Bras Basah. It serves both locals and foreigners working in Singapore. Check the rate and total cost with the branch before you commit.
- Central location near Bugis
- Loans for foreigners
- Weekend opening hours
Friday Finance
- Website
- fridayfinance.sg
- Phone
- +65 6817 1168
- Address
- 10 Eunos Road 8, #09-04, Singapore Post Centre, Singapore 408600
- Type
- Licensed moneylender (IFS Consumer Services Private Limited, licence 85/2026)
- Loans
- Personal, debt consolidation, renovation, student, payday, wedding and start-up loans, plus loans for gig workers and the self-employed
Friday Finance is the consumer lending brand of IFS Consumer Services, part of SGX-listed IFS Capital. It advertises interest from 0.88% a month and admin fees from 10%. It says there is no penalty for repaying early. Your actual rate depends on your credit history.
- Published starting rates
- No early repayment penalty
- Options for freelancers and the self-employed
Lendela
- Website
- sg.lendela.com
- Phone
- +65 8303 4773
- Address
- 176 Orchard Road, #05-05, Singapore 238843
- Type
- Loan matching platform (free to use)
- Partner banks shown
- DBS, POSB, HSBC, Standard Chartered, CIMB, Trust Bank, GXS Bank and UOB
Lendela takes one application and returns personalised offers from several lenders. Each offer shows its fees and terms, so you can compare the EIR side by side. It does not lend money itself.
- One application, several offers
- Includes digital banks such as Trust and GXS
- Offers shown with fees and EIR
Lending Bee
- Website
- lendingbee.com.sg
- Type
- Licensed moneylender (licence 41/2026)
- Loans
- Personal, debt consolidation, credit card consolidation, payday, renovation, medical, education, wedding, travel and business loans
Branches:
- Orchard: 14 Scotts Road, #02-44/45, Far East Plaza, Singapore 228213 – 6219 1611
- Bedok: Blk 205 Bedok North Street 1, #01-379, Singapore 460205 – 6242 7833
- Jurong East: Blk 135 Jurong Gateway Road, #01-333/331, J Connect, Singapore 600135 – 6261 5696
- Yishun: Blk 925 Yishun Central 1, #01-233, Singapore 760925 – 6235 8327
Lending Bee has four branches across the island, so you can pick one near home or work. You start online, then collect the loan in person once your documents are checked.
- Four branches in Orchard, Bedok, Jurong East and Yishun
- Online application before your visit
- Debt and card consolidation options
OCBC
- Website
- ocbc.com
- Phone
- +65 6363 3333
- Type
- Bank
- Products
- EasiCredit (standby line of credit) and Debt Consolidation Plan
OCBC is one of Singapore’s three local banks. Its EasiCredit is a credit line you draw on and repay flexibly, rather than a fixed instalment loan. OCBC is offering up to S$380 cashback for EasiCredit applicants until 30 November 2026. Rates are not shown on the page, so check them when you apply.
- Flexible credit line
- Debt consolidation for card balances
- Cashback promotion until 30 November 2026
ROSHI Singapore
- Website
- roshi.sg
- Phone
- +65 8025 1363
- media@roshi.sg
- Address
- 7 Temasek Boulevard, #12-07, Suntec Tower One, Singapore 038987
- Type
- Loan matching and comparison platform
ROSHI connects borrowers with both banks and licensed moneylenders. Its comparison page covers more than 10 lenders, including DBS, OCBC, CIMB, Standard Chartered, GXS and Trust Bank. It was last updated in September 2026.
- Compares banks and moneylenders together
- Rates shown as EIR
- Free to use
SingSaver
- Website
- singsaver.com.sg
- Type
- Comparison site (part of MoneyHero Group)
SingSaver lists bank personal loans with their rates, EIRs and sign-up gifts. You apply through its links and may get an extra reward on top of the bank’s own promotion. Its table was updated on 1 October 2026. Read the gift terms, as most need a minimum loan amount and tenure.
- Bank rates and EIRs in one table
- Extra sign-up rewards
- Updated monthly
Standard Chartered CashOne
- Website
- sc.com
- Type
- Bank personal loan
- Rate
- From 0.90% p.a. (EIR from 1.75% p.a., or 2.15% p.a. including the first-year fee)
- Tenure
- 1 to 5 years
- Minimum income
- S$30,000 a year for citizens and PRs; S$90,000 for Employment Pass holders
CashOne had the lowest advertised bank rate on SingSaver’s October 2026 table. There is a S$199 annual fee in the first year, taken from the loan amount. Standard Chartered offers instant approval and pays out to a bank account of your choice.
- Lowest advertised bank rate we found
- Open to Employment Pass holders
- Instant approval and disbursement
UOB Personal Loan
- Website
- uob.com.sg
- Type
- Bank personal loan
- Rate
- From 1.00% p.a. (EIR from 1.93% p.a.), up to 8% p.a. (EIR 17.62% p.a.)
- Tenure
- 1 to 5 years; minimum loan S$1,000
- Eligibility
- Existing UOB credit card or CashPlus customers, citizens or PRs aged 21 to 65, earning at least S$30,000 a year
UOB waives the processing fee on all tenures. Its current promotion gives up to 2% cash rebate on loans of S$10,000 or more over 3 to 5 years, until 31 October 2026. Early cancellation costs S$150 or 3% of the balance, whichever is higher.
- No processing fee
- Instant approval for existing customers
- Cash rebate until 31 October 2026
DBS Personal Loan
- Website
- dbs.com.sg
- Price
- From 1.48% p.a. (EIR from 3.22% p.a.)
- Type
- Bank personal loan
- Related products
- DBS Cashline, Balance Transfer and Debt Consolidation Plan
DBS and POSB customers can apply in the digibank app and often get funds quickly. The advertised EIR is higher than Standard Chartered’s and UOB’s, so compare offers first. Check the loan amount, tenure and fees on the DBS site before applying.
- Easy for existing DBS/POSB customers
- Range of credit line and consolidation options
- SingSaver offers extra cashback with a promo code
How to choose a personal loan
- Compare EIR, not the applied rate. A 0.90% p.a. applied rate can be an EIR near 2% once fees count.
- Count every fee. Look for processing, annual and early repayment fees.
- Pick the shortest tenure you can afford. A longer tenure lowers each instalment but raises total interest.
- Try banks first. Moneylenders cost more. Use them only if banks decline you, and only licensed ones.
- Use a matching platform. Lendela, ROSHI and SingSaver let you compare several offers at once.
Frequently Asked Questions
Which is the best personal loan in Singapore?
For most salaried borrowers earning S$30,000 or more, a bank loan is cheapest. In October 2026, Standard Chartered CashOne (EIR from 1.75% p.a.) and UOB (EIR from 1.93% p.a.) had the lowest advertised rates. Your own rate depends on your credit profile.
Which banks give personal loans in Singapore?
DBS/POSB, OCBC, UOB, Standard Chartered, HSBC, CIMB, Trust Bank and GXS Bank all offer personal loans or credit lines. Comparison platforms like SingSaver and Lendela list most of them.
How do personal loans work?
You borrow a fixed sum and repay it in equal monthly instalments over a set tenure. The bank charges interest on the amount borrowed, plus any fees. Missing payments adds late fees and hurts your credit record.
Can I get a 5-year or 10-year personal loan?
Five years is the usual maximum. Standard Chartered and UOB both offer tenures of 1 to 5 years. We did not find a Singapore bank offering a 10-year unsecured personal loan. For longer terms, ask the bank about secured options.
How much is the monthly repayment on a S$20,000 or S$30,000 loan?
Banks charge a flat rate on the full amount. At 1.00% p.a. over 5 years, S$20,000 costs S$1,000 in interest. That works out to S$350 a month. A S$30,000 loan on the same terms is S$525 a month. These use the lowest advertised rate; your offer may be higher, and fees are extra.
Is a 24-month personal loan cheaper?
A 24-month loan has higher monthly instalments but less total interest than a 5-year loan. Some promotions, like UOB’s cash rebate, only apply to tenures of 3 to 5 years. Check the terms before you choose.
How do I get a loan in Singapore if banks reject me?
Licensed moneylenders accept lower incomes and weaker credit records. Check the lender on the Ministry of Law’s list first. Since 15 September 2026, you can cancel an unsecured moneylender loan within three business days without paying interest.
Sources
Checked on 7 October 2026. Prices and hours change; confirm with the business before you go.
- file.go.gov.sg — Licence numbers, addresses, landlines for CF Money, Credit Thirty3, Fortune Credit, IFS Consumer Services, Lending Bee (list as at 1 Sep 2026)
- rom.mlaw.gov.sg — Registry page, updated 30 Sep 2026
- mlaw.gov.sg — Cooling-off period announced 31 Aug 2026, effective 15 Sep 2026
- crawfort.com — Crawfort phone, products, 8-minute approval claim, Oct 2026 blog activity
- creditthirty3.com.sg — Credit Thirty3 phone, email, address, hours, licence
- creditthirty3.com.sg — Credit Thirty3 loan types; reviews dated Sepu2013Oct 2026
- fortunecredit.com.sg — Fortune Credit phone, email, address, hours, loan types, licence 36/2026
- fridayfinance.sg — Friday Finance rates (0.88% p.m., admin fee from 10%), loan types, operator
- sg.lendela.com — Lendela WhatsApp, address, partner banks, 2026 content
- lendingbee.com.sg — Lending Bee branches, phones, licence 41/2026
- ocbc.com — OCBC products, phone, EasiCredit promo to 30 Nov 2026
- roshi.sg — ROSHI contact, address, 'Updated 08 Sep 2026', lenders compared
- singsaver.com.sg — Bank rate table updated 1 Oct 2026
- omy.sg — OMY latest content July 2025
- omy.sg — OMY sitemap lastmod 2025-07-07
- sc.com — CashOne rate, EIR, fee, tenure, income requirement
- uob.com.sg — UOB rate, EIR, tenure, eligibility, fees, promo to 31 Oct 2026
- dbs.com.sg — DBS rate and EIR, related products