Updated 19 April 2019
Get the latest POSB Personal Loan interest rates for Singapore on MoneySmart.sg. See how POSB Personal Loan compares against other banks and apply instantly online.
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|Minimum Annual Income||$20,000|
|Maximum Loan Tenure||5 years|
|Processing Fee||1% of loan amount|
|Principal Loan Amount||$10,000|
|Interest Rate (p.a)||3.88%|
|Loan Tenure||3 years|
|Total Interest Payable||$1,164|
|Total Amount Payable||$11,164|
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).