Personal Loan Inner Page Slide

Personal Loan

  • Minimum loan amount of SGD5,000 to a Maximum loan amount of SGD100,000 applicable
  • Choose between Term Loan or Overdraft
    • Term Loan – Monthly Repayment is fixed (Principal +Interest)
    • Overdraft - Monthly Repayment may vary on amount utilized (Fixed Principal repayment + Interest on amount utilized)

Please note that the interest rate varies:

1) Personal Loan Interest Rate Packages ( Term Loan)

Tenure (Years) 1 2 3 4 5
Nominal Interest Rates (per annum) 4.66% 4.55% 4.27% 5.44% 5.79%
Effective Interest Rates (per annum)^ 8.50% 8.50% 8.00% 10.00% 10.50%

2) Personal Loan Interest Rate Packages (Overdraft)

Tenure (Years) 1 2 3 4 5
Effective Interest Rates (per annum)^ 10.50% 10.50% 10.00% 12.00% 12.50%
  • Choose repayment period between 1,2,3,4 5 years
  • Application can be initiated online and required to visit any of our branches at approval
  • Debit card with MasterCard facility provided. Optional- Cheque Book facility available.
  • SGD 88 processing fee waived as new launch promotion for Personal Loan (Term Loan). Processing Fee of SGD 88 for Personal Loan (Overdraft)applies. **
  • Full repayment of the loan facility within the Loan Tenure period is subject to a pre-payment fee of:
    • 3% of the outstanding facility amount or $300 whichever is higher if repaid within 1st year from the disbursement of the loan facility or
    • 2% of the outstanding facility amount or $100 whichever is higher if repaid after the 1st year but within the Loan Tenure period.
    • There is a 1 month notice period for full prepayment/redemption
  • No partial Prepayment is allowed
  • Residency Status: Singapore citizens and PRs
  • Annual Income: Minimum S$30,000 p.a.
  • Employment:
    • Salaried or variable/commission-based employees
    • Self-employed
  • Entry Age: 21-55 years old
  • Manual / Online Application Form
  • Copy of NRIC
  • SBIS loan-servicing account (SBI Special Savings Account or Check plus Account)***
Salaried Employee:
  • Latest 3 months’ computerized pay slips and
  • Latest 12 months’ CPF contribution history statement or Latest 1 year Income tax notice of assessment
  • Minimum 2 years working experience in Singapore
Variable / Commission-based Earner:
  • Latest 15 months’ CPF contribution history statement or Latest 2 years’ Income tax notice of assessment
  • Minimum 2 years working experience in Singapore
Self-employed:
  • Latest 2 years’ Income tax notice of assessment
  • Minimum 3 years working experience in Singapore
  • Click here
  • Walk in to any of our branches and talk to our Relationship Managers.