Personal Loan​

Enjoy the freedom to reach your goals

Personal Loan​

What is a Personal Loan?​

A personal loan is a loan to an individual that is repaid over a period of time with interest. A typical unsecured personal loan in Singapore does not require for the borrower to put up any asset as collateral. This essentially means that credit assessments for personal loans are based on TWO key factors:

  • Your credit rating – which is found in your credit bureau report.
  • Your monthly income

From financing a vehicle purchase, to debt financing, to debt consolidation for the purpose of improving credit ratings, everyone chooses personal loans. Mostly because personal loan interest rates are significantly lower than credit card interest rates, which could potentially save you a lot of money.

Is a Personal Loan for me?

We all know that there are those times in life where you could just do with some extra money. Maybe you had to pay for a hefty hospital bill, or needed to make a substantial deposit for the purchase of your car, or some other crazy unexpected payment that you have to make.

This would be one of those times that a personal loan could be really useful. You could use the personal loan to pay off other more expensive debts , make up for previous missed payments, start up a business, or even invest the money.

No matter what your commitments or reasons are, if you need more immediate cash, we are here to help guide you to the best deals in Singapore.

Eligibility

Individuals should meet the following criteria:

  • Singapore or Singaporean PR
  • Between the age 21 – 65
  • Minimum annual income of S$20,000 & above

Additional Documents Required:

Salaried Employees

Please prepare the following

  • NRIC (Front & Back)
  • CPF Contribution History Statement (Last 9 Months)
    OR
  • Latest 1 Year Income Tax Notice of Assessment (NOA)
    OR
  • Latest computerized payslip

Commission Based/Self Employed

Please prepare the following

  • NRIC (Front & Back)
  • Latest 1 Year Income Tax Notice of Assessment (NOA)

Enquiries? Questions?

Send us an email, and our team of friendly consultants will get back to you at the earliest possible time.

Alternatively, you may wish to give us a call at +65 8815 7966 or visit us at our offices at 334 Kreta Ayer Road, #01-05, Singapore 080334 between our opening hours of  9am to 5pm.