Get a Loan In Singapore In Under 24 Hours!

Get a Loan In Singapore In Under 24 Hours!

Financial services are supposed to provide access to resources in times of hardship. However, not many achieve to do such a great job in Singapore as these top lenders. Their innovative application process has surpassed expectations, and allows for applicants to receive answers within 24 Hours! They’ve been growing a reputation of awarding higher personal loan credits than their competitors, which could amount up to $50 000 USD.

Personal Loans


You Need This in Order to Apply for A Personal Loan:

Below are the must-haves that your lender may require for getting a personal loan in Singapore. [1]

– Proof of Identity: Singapore Identification Card
Proof of Address: Documents that include your residential address (i.e. utility bills with your name and address)
– Proof of Income: The individual’s past 12 months’ Central Provident Fund contribution history statement or their latest Income Tax Notice.

If you are between 21 and 65 years you can avail a personal loan. Your annual income may also affect the lender’s interest rates.

Now let’s have a look at some reputable banks in Singapore that offer personal loans at best interest rates.

Standard Chartered 

Standard chartered personal loan interest rates are among the lowest in Singapore. If you are facing financial shortfalls and need to cover urgent expenses then Standard Chartered is a good option. They give you instant approval and instant cash disbursement as listed on their official website: ‘Get cash disbursed to any existing bank account of your choice within 15minutes.’ [2]

Standard Chartered allows you to receive personal loans up to a maximum of S$250,000 with 0% interest rates for 1-year loan tenure. The processing fee is 4.5% that will be deducted from the total disbursed loan. You can enjoy 3.88% interest rates per annum and receive 50% off your first month’s instalment amount in the form of a cashback. Their loan term is 5 years


HSBC is a multinational investment bank, founded in London in 1991 with its official given name being The Hongkong and Shanghai Banking Corporation. It is one of the world’s largest banks with total assets of US$2.558 trillion (as of december 2018). Other than commercial and global banking, HSBC has a huge landmark in retail banking, mortgages, personal loans, credit cards etc.

If you need to borrow a large amount but cannot afford big monthly repayments HSBC has some great deals to offer. They have the longest loan tenure that is 7 years in Singapore.[3] Moreover, if you sign up through MoneySmart you can avail an interest rate of 3.7% p.a. with no processing fee. 

Citibank Singapore Limited

Citibank Singapore Ltd. offers its customers cash management, loans, foreign exchange competencies, credit cards and much more. Citibank has low-interest rates and good repayment tenure. 

Now you can get a loan with a 0% interest rate (effective interest rate 7.85%) for 12 months loan tenure and 3.5% processing fees.[4] According to their updated policy, interest rates are from 3.99% per annum with no processing fees for 2-5 year loan tenures. The effective interest rate is fixed at 7.5% per annum with a minimum loan amount of $20k. To avail a Citi Quick Cash loan you may require a Citibank Ready Credit or Citi Credit Card account. With competitive interest rates for small, short-term loans Citibank’s Quick Cash Loan is a great financing option. Additionally, Citibank’s minimum loan amount of S$1,000 is comparatively lower than other banks, which is a great option if you need a fast, small amount of funding rather than an excessive amount. 

 POSB Bank 

POSB Bank is the oldest local bank in continuous operation in Singapore. The bank now operates as part of The Development Bank of Singapore (DBS). Before its acquisition by DBS, the bank was a major public bank offering low-cost banking services. [5]

If you’re already a POSB customer it’s much easier to apply for personal loans, as POSB facilitates internet banking where you can apply from your home with minimal fuss. POSB offers interest rates from 3.88% with instant approval and cash disbursement. The lowest minimum loan amount is S$500.

 Getting a personal loan is exciting but making a wrong choice can result in paying more interest costs than you need to. Select your lender carefully and search for different options before making a final decision. Deeply study and analyse the promotional material and terms and conditions of any personal loans offers issued by the lender. Consider multiple options and compare them because ultimately, it will help you make the best decision for you and your personal financial goal. Good luck!


[1] Kang, Duckju. “A Basic Guide to Personal Loans.” ValueChampion Singapore. May 19, 2017. Accessed 4, june 2020.
[2] “CashOne Personal Loan: Apply for CashOne Personal Loan: StanChart Singapore.” Standard Chartered Singapore. Accessed 4, june 2020.
[3] “HSBC Personal Loan in Singapore: Loans – HSBC SG.” HSBC Singapore Bank. Accessed 4, june 2020.
[4] “Get Citi Quick Cash Loan with Flexible Repay Plan.” Citibank Singapore. Accessed 4, june 2020.
[5] “POSB Personal Loan – Get Instant Approval.” Accessed 4, june 2020.[]=-1&loan_amount=10000&loan_tenure=3&citizenship=singaporean/pr&monthly_income=2500&sort_by=recommended