Apply for Best POSB Personal Loans with Low Interest Rates Starting from 1.99% in Singapore July 2026
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POSB Personal Loan
Offered by one of the local banks in Singapore, POSB Personal Loan allows existing and new customers to apply online and get approval within minutes. You can also borrow up to 10x your monthly salary as long as you have a good credit standing.
Eligibility
As with other personal loan providers, POSB allows you to take out a loan if you’re Singaporean or PR aged 21 to 65, with a minimum annual income of $20,000.
If you’re already an existing POSB customer, you can apply via iBanking, mBanking, ATM, credit or debit card. There’s no additional document needed. Alternatively, if you don’t have a Cashline account, you can apply and submit your documents through MyInfo.
Interest Rate
You can apply for a POSB personal loan through MoneySmart from as low as 3.88% p.a. (EIR 7.56% p.a.). Take note that EIR may change up to 20.01%, depending on your loan amount, tenure and credit history.
To get an estimate of how much you’ll be paying monthly, you can use the POSB Personal Loan Calculator.
POSB Personal Loan Hotline
Frequently Asked Questions
How to apply for a personal loan with POSB?
- It’s simple. Go to POSB’s website or visit MoneySmart’s personal loan page to compare interest rates from other providers before deciding. If you end up choosing POSB personal loan, click on “Apply Now” and you’ll be redirected to POSB’s personal loan page. If you’re already an existing customer, you can straight away apply through their app.
What is POSB Cashline?
- POSB Cashline is an online account that lets you access instant cash on a short-term basis through your current or savings account. You can also use your Cashline account to transfer funds, withdraw cash and pay bills.
What is the maximum age for a POSB personal loan?
- If you decide to borrow money through POSB personal loan, you can do so as long as you’re not beyond 65 years old. Do note that there’s a minimum annual salary requirement of $20,000.
How can I check my POSB personal loan status?
- To check your POSB personal loan application status, you simply need to go to their website, log in using your iBanking account or card details. You may also go to the bank directly to find out the status of your application.
What is the minimum salary to get POSB personal loan.
- If you’re a Singaporean or PR planning to take out a loan through POSB, your minimum annual income should be $20,000.