Interest Rate
(EIR 7.97% p.a.)
Total Amount Payable
$199 Waived
Processing Fee
Key features
Key Features
  • MoneySmart Exclusive- 3.88% p.a. guaranteed
  • Instant Approval and loan disbursement if you apply with MyInfo via MoneySmart
  • Applicable for all loan tenure and loan amount of $1,000 and above
  • 1st year annual fee waiver worth S$199 (As cashback)
  • Apply and get cash the very next banking day*
  • Borrow up to 4x your monthly income, subject to a max loan amount of S$250,000
  • *Click here for more details.
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (p.a)


Monthly Instalments


Total Amount Payable


Total Interest Payable


Approval Duration

Instant Approval


Citizenship Status

Singaporean / PR

Age Requirement

21 - 65 years old

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income


Fees & Charges

Processing Fee

1st year annual fee waiver worth S$199

Restructuring Fee

$50 for change of loan tenure

Late Payment Fee


Partial Repayment Penalty

$250 or 3% of the outstanding principal, whichever is higher

Full Repayment Penalty

$250 or 3% of the outstanding principal, whichever is higher

See all personal loan

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).