3 Personal Loan Companies with Cheapest Interest Rates in Singapore

www.kartubank.com
Singapore personal Loans

Where can i get a personal loan from top personal loan company with cheapest interest rates? 

The best personal loan options are the most favorite personal loan providers, of course. 

There are 3 most favorites Personal Loans providers or best company that growing faster than others companies in Singapore these few years. According to Kartubank, They Are:

  • HSBC Bank
  • Standard Chartered Bank
  • Citibank

So, why they becomes the faster growth loans company (Banks) in Singapore. 

As I Know these companies usually approve loans applications faster than others. And also, it is really easy to apply for their products, in this case 'a personal Loan'. Outside, the interest rates, which is charged lower.

1. Standard Chartered Singapore Personal Loan


This loan will lends you money maximum 4 x your monthly income.

One of the best thing about Standard Chartered Personal Loan Singapore is that you will get the money in a very next working day after you completed all the documents required.

Standard Chartered Personal Loan Fee and Chargers 

  • Interest rates is depended to tenor and the amount of loans approved but it begins from 4% /Year.
  • Annual fee,  You can get free annual fee if you apply this march, usually you will be charged about $199 in the first year and $50 for the next year. But the $50 will be waive every years if you always pay on time for the past 12 Months. The good News you can also get cashback $50 if you apply this march. I don't know when this promo will be end, but you can still join the promo this month.
  • Late Payment, You will be charged $80 if you don't pay at least minimum payment by the due date.

Applicant Eligibility 

  • You must be Minimum 21 Years and Maximum 65 years.
  • Minimum Income $20,000 for Singapore citizen 
  • Minimum $60,000 For foreigners with employment passport 

2. HSBC Singapore Personal Loan 


The Maximum limit of loan in HSBC is S$5,000 and Maximum is 4 x Of your monthly income.

HSBC Personal loans welcome promo, get the lowest interest rate only 3.8%/years(Maximum effective interest is 7%/year)
Get S$50 cashback for applying online and waive S$88 administration fee.


HSBC Personal Loan Fee and Chargers 
  • No processing fee because it will be waived if you apply online
  • Late Payment S$75
  • Early repayment 2.5% from redemption amounts.
  • Overdue interest 2.5%

Applicant Eligibility 

  • You must be Minimum 21 Years and Maximum 65 years.
  • Minimum Income S$30,000 for Singapore citizen 
  • Minimum S$40,000 For foreigners with employement passport 

3. Citibank Singapore Personal Loan 

Citibank singapore personal loan with interest rate 4.55%/years and maximum effective interest rate is 8.5%/Year.

Applicant Eligibility 

  • You must be Minimum 21 Years and Maximum 65 years.
  • Minimum Income S$30,000 for Singapore citizen 
  • Minimum S$42,000 For foreigners with employement passport 


What documents usually bank asks you to send when applying for personal Loans? 

All Applicants have to Send Copy of NRIC/Passport/Employment Pass.

Additional documents for Salaried, You can chose one of these
  • Latest month’s computerised payslip and Latest income tax notice of assessment
  • Latest 6 month’s CPF contribution history statement+ Latest income tax notice of assessment
  • Latest 6 month’s CPF contribution history statement
  • Latest month’s computerised payslip
Additional documents for self-employed, You can chose one of these :
  • Copy of latest income tax notice of assessment (must be in business for a minimum of 2 years)
Additional documents for commission earner , You can chose one of these :
  • Latest 3 months payslip + Latest income tax notice of assessment
  • Latest 6 months CPF contribution history statement
  • Latest 3 months payslip
  • Copy of latest income tax notice of assessment ( For 100% commission earner)

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