Principal Loan Amount
Interest Rate (per annum)
Total Amount Payable
Total Interest Payable
21 - 65 years old
Salaried Employee, Variable/Commission-based Employees or Self Employed
Minimum Annual Income
Late Payment Fee
Additional interest at the prevailing rate. If payment is overdue by 2 months, the loan will be terminated.
Partial Repayment Penalty
No partial repayment allowed
Full Repayment Penalty
3% of outstanding principal or $100, whichever is higher
MoneySmart lists Personal Loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 8.5% p.a. to up to 20.0% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.
For example, you would need to pay S$316/month for a S$10,000 Personal Loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each Personal Loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).