Interest Rate
(EIR 7.97% p.a.)
Total Amount Payable
Processing Fee
Min. loan repayment of 1 year to Max. of 5 years
  • Loan tenure period of minimum 1 year to a maximum of 5 years
  • Key features
    Key Features
    • MoneySmart Exclusive: 3.88% p.a. guaranteed + $100 Instant Cash via PayNow + $199 Cashback!
    • Instant Approval and loan disbursement if you apply with MyInfo via MoneySmart
    • 1st year annual fee waiver worth S$199 (As cashback)
    • Apply and get instant cash disbursement
    • Borrow up to 4x your monthly income, subject to a max loan amount of S$250,000
    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

    $150 or 3% of the outstanding principal, whichever is higher

    Full Repayment Penalty

    $150 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).