Which is the best bank for a personal loan in Singapore?

Actually, now I'm thinking about personal loans. But now, I'm new in Singapore. So can you tell the best bank for a personal loan?

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    These are the top best bank for taking a personal loan in Singapore. You can choose any bank from it. HSBC Personal Loan Standard Chartered CashOne Personal Loan Citibank Quick Cash

    2019.08.01 18:0

    Please leave your knowledge and opinion!

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    HSBC personal loan offers the longest loan tenure of 7 years in Singapore

    HSBC Personal Loan / HSBC Bank Singapore

    If you need to borrow a large amount but cannot afford a big monthly repayment, then you should give consideration to the HSBC Personal Loan. This HSBC personal loan offers the longest loan tenure of 7 years in Singapore which means you’ll be paying 7 years’ worth of interest. HSBC is also great for those who need cash urgently as you can get approval-in-principle within one minute and receive the money the next working day. Isn’t that just wonderful?

    Get interest-free cash in 15 minutes from as low as 0.7% processing fee

    Standard Chartered CashOne Personal Loan / Standard Chartered Bank Singapore

    With the Credit Card Funds Transfer, you can get interest-free cash in 15 minutes from as low as 0.7% processing fee (EIR from 2.83% p.a.) and also freely choose your preferred tenure of 3, 6, 9 or 12 months. Although they offer a 0% p.a. interest rate, this is valid for a Credit Card Funds Transfer with a 3, 6, 9 or 12 month tenure and is only applicable to the amount transferred pursuant to the application submitted in respect of this promotion. The prevailing interest rate of 26.9% p.a. applies after the expiration of the tenure indicated in the application form.

    Apply for a Citi Quick Cash to pay for urgent expenses such as medical bills and business expenses,

    Citi Quick Cash / Citibank Singapore

    One can us the Citi Quick Cash for big ticket purchases and projects like home renovations while you can basically use the Citi Quick Cash for any type of expenses. On the other hand, you can also apply for a Citi Quick Cash to pay for urgent expenses such as medical bills, business expenses, unexpected repairs and much more. With Citi Quick Cash, the possibilities are in fact endless. You can also convert your unutilised credit limit to cash in your Citi Deposit Account in 60 seconds. A major plus is that you can get the cash on your terms and anytime on your mobile phone and repay with plans up to 60 months. No documents required and no hidden fees.

    $199 cashback for loans of $1,000 and above if you apply through MoneySmart

    Standard Chartered CashOne Personal Loan / Standard Chartered Bank Singapore

    Although standard Chartered personal loan’s published rates aren’t that awesome, you still get a much lower interest rate as well as $199 cashback for loans of $1,000 and above if you apply through MoneySmart for your loan amounts of $1,000 to $250,000. Like most of its competitors, Standard Chartered Bank promises next-day cash. You can apply via MyInfo via MoneySmart to get instant approval and loan disbursement

    DBS personal loans are based on either your credit card or personal line of credit

    DBS Personal Loan / DBS Bank

    DBS personal loans are based on either your credit card or personal line of credit. Thus if you have DBS credit card or DBS Cashline and a DBS deposit account, you can apply through internet banking and get your loan processed immediately and credited instantly into your account. However if you don’t have a DBS credit card you can still get this loan, but you will have to furnish your income documents and obviously you won’t get the funds right away

    One other good thing CIMB credit cards have is that there are no annual fees

    CIMB CashLite / CIMB Bank Berhad Singapore Branch

    The CIMB CashLite personal loan is based on your available credit card credit limit therefore you have to be a CIMB cardholder to apply for it. One other good thing CIMB credit cards have is that there are no annual fees but CIMB doesn’t publish their interest rates online. The actual interest rate is personalised based on your risk profile and credit history so you might very well end up with a higher interest rate than advertised.