Good services and responsive.
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Discover practical guides, expert tips, and everything you need to navigate personal loans with confidence—all in one place.
Learn how to make use of personal loan by use case:
Personal Loan 101
Start learning about Personal Loans
Using Personal Loans for Car/COE
Car/COE
Using Personal Loans for Education
Education
Using Personal Loans for Renovation
Renovation
Using Personal Loans for Life Events
Life Events
Loan Calculator
Loan Calculator
Using Personal Loans for Debt Consolidation
Debt Consolidation
Personal Loans by Borrower Type
Personal Loan by Borrower Type
Explore our articles on Personal Loans
See what others are saying
Good customer service experience. special mention to Dayang who was fast and helpful in addressing my queries. His solutions are quite detailed and informative. Thanks Dayang and MoneySmart team for the good work!
Customer service is straightforward and reliable and friendly and prompt
I had a very positive experience with MoneySmart's customer support team. I recently encountered an issue relating to a rewards redemption and reached out for assistance. While the matter required several rounds of communication, the team remained professional, patient, and responsive throughout the process. I would especially like to thank Nisa for her courteous communication and for taking the time to follow up on my case. Rather than providing a generic response, she listened to my concerns, ensured the case was properly reviewed, and helped facilitate a satisfactory resolution. It's reassuring to know that MoneySmart values customer feedback and is willing to carefully consider individual situations. Thank you to Nisa and the team for the excellent support and customer service. Highly recommended. 😊
Great and as advertised!
Awesome experience from Officer Kama. Thank you for helping .
Always got the best offer or promotion from money smart. Help save alot of money
Good follow through the entire process from first enquiry till gift/voucher redemption experience. Competitive product pricing.
Initially the reward was pending for some time and after some push to clarify with the concerned institution MoneySmart Singapore paid it. Finally satisfied.
Responsive and professional
Great customer service!! staff were so friendly and prompt to respond to my queries.
I’m very happy with the good deal I got through MoneySmart. The support team was also very responsive and helpful in handling my queries. Overall, I had a great experience with MoneySmart and would definitely recommend it!
I’ve had a really good experience with MoneySmart! I love the deals and promotions they offer, and they make it easy to find good value when signing up for different products. What I appreciate even more is their after-sales service. The team is helpful and responsive whenever I have questions or need assistance, which gives me peace of mind after signing up. I also really like how their website allows me to keep track of the deals and products I’ve signed up for. It’s convenient to have everything in one place instead of having to dig through emails or documents to remember what I signed up for. Overall, a great experience with MoneySmart and definitely a platform I would recommend! 😊
Good deals and importantly good response when needed support or enquiry on certain claim procedures. Special thanks to Dayang for good and fast response.
Good customer service and highly responsiveness.
Smooth redemption for the rewards! Love to surf their website from time to time to keep myself updated on all the finance related deal!
⭐️⭐️⭐️⭐️⭐️ Great experience with the team! They were very helpful, responsive, and made the car insurance renewal process smooth and hassle-free. They helped me find a better deal and save on my car insurance. Special thanks to Mr. Ken Chew for his excellent service, patience, and professionalism. Really appreciate his help throughout the whole process. Highly recommended! 👍
Great platform to gain saving and special bonuses for credit cards and insurances! Thanks so much!!
Great!
My usual site for good deals. It gather all the best deals/packages in one place. Easy for comparisons. Keep up the good works.
Frequently Asked Questions
What is a personal loan?
A personal loan is short to mid-term debt from banks, credit unions, or licensed lenders, repaid in monthly instalments. It's typically unsecured and can be used for purposes like debt consolidation, emergencies, or weddings. Since personal loans are costlier than other types of credit, they should be used judiciously. In Singapore, providers include OCBC, DBS, UOB, and Standard Chartered.
How to borrow money in Singapore?
If you're looking to borrow money in Singapore, you can either apply for a personal loan through a bank, or a licensed moneylender which is authorised by the Ministry of Law.
Which banks offer personal loans for foreigners in Singapore?
Major banks like OCBC, Citibank, Standard Chartered, and UOB offer personal loans for foreigners, but eligibility depends on factors like work permit status and annual income. For details, check our guide on <a href="https://www.moneysmart.sg/personal-loan/personal-loans-for-foreigners-ms">personal loans for foreigners</a>.
How does the US Fed interest rate hike affect personal loans rates?
Most personal loans have fixed interest rates, so existing borrowers aren’t affected by Fed rate hikes. However, new borrowers may face higher rates but can still secure good deals by improving their credit scores and comparing offers.
What loan amount should I take on for my personal loan?
Since each borrower’s needs and capacity differ, you can consider using free online tools like <a href="https://www.uob.com.sg/personal/borrow/personal-financing/personal-loan.page">UOB</a> or <a href="https://www.dbs.com.sg/personal/personal-loan-calculator.page">DBS personal loan calculators</a> to estimate your loan affordability.
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