Get the Best Trust Bank Personal Loans with Low Interest Rates in Singapore for 2026!
Compare personal loan & get best loan interest rates in Singapore.
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We found 1 Trust Bank Personal Loans for you!
Sign up via MoneySmart and claim:
Up to S$1,700 Cash via PayNow OR 19,050 SmartPoints (enough to redeem Apple iPhone 17 Pro Max and more) T&Cs apply.
Bonus promotion 1:
- Get S$10 FairPrice E-Vouchers (use promo code MONEYSMT)
- New-to-Trust customers only. T&Cs apply.
Bonus promotion 2:
- Get up to S$10,000 Cashback Scratch Card
- New-to-Trust & selected Existing customers only. T&Cs apply.
Valid till 30 Jun 2026
Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.
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MoneySmart helps Singaporeans compare verified financial products side-by-side, so you find the best credit card, loan, insurance and other personal finance products for your needs—before you apply, not after. As an MAS-licensed platform with over 15 years in the market and a 4.4/5 Google rating from 100,000+ users, we surface exclusive sign-up bonuses and deals you won't find by going directly to a provider—with faster gift fulfilment and flexible redemption on top.
What Makes MoneySmart Trustworthy 👉
Digital-First Lending: Trust Bank Instant Loan
- Approval & Disbursement: Funds disbursed in 60 seconds via the Trust app.
- Rates: Promotional interest rate from 1.56% p.a. (EIR 3.00% p.a., customised to your profile).
- Fees: No processing or annual fees
- Eligibility:
- Aged 21–65
- Singaporeans/PRs: $30,000 minimum annual income
- Foreigners with a valid work pass: $60,000 minimum annual income
- Open to salaried, commission-based, and self-employed workers
- Fees & charges:
- No annual, processing, or restructuring fee;
- $100 late payment fee;
- 3% full repayment penalty on outstanding principal;
- Requires a Trust credit card
Trust Bank vs Other Singapore Personal Loans: Comparison
| Personal Loan | Interest Rate | EIR | Promotion | Valid until |
|---|---|---|---|---|
| Standard Chartered CashOne | From 0.90% p.a. | From 1.75% p.a. | Register through MoneySmart to claim:
Up to S$4,200 cash via PayNow or 19,050 SmartPoints (enough to redeem Apple iPhone 17 Pro Max and more).
Bonus promotion: | 1 Jun 2026 till 30 Jun 2026 |
| Trust Instant Loan | From 1.00% p.a. | From 2.28% p.a. | Register through MoneySmart to receive up to S$1,700 via PayNow or 19,050 SmartPoints—enough to redeem an Apple iPhone 17 Pro Max and more.
Bonus promotion: | 1 Jun 2026 till 30 Jun 2026 |
| UOB Personal Loan | From 1.00% p.a. | From 1.93% p.a. | Register through MoneySmart to qualify for up to S$1,200 via PayNow or 14,335 SmartPoints (enough to redeem an Apple iPhone 17 and more). Rewards can be issued in as fast as 4 weeks. | 16 Jun 2026 till 30 Jun 2026 |
| Standard Chartered CashOne (Foreigners) | From 0.90% p.a. | From 1.94% p.a. | Register through MoneySmart to claim:
Up to S$4,200 cash via PayNow or 19,050 SmartPoints (enough to redeem Apple iPhone 17 Pro Max and more).
Bonus promotion: | 1 Jun 2026 till 30 Jun 2026 |
| Trust Instant Loan (Foreigners) | From 1.00% p.a. | From 2.43% p.a. | Register through MoneySmart to receive up to S$1,700 via PayNow or 19,050 SmartPoints—enough to redeem an Apple iPhone 17 Pro Max and more.
Bonus promotion: | 1 Jun 2026 till 30 Jun 2026 |
Trust Bank Personal Loan: Eligibility Criteria
| Criterion | Requirement |
|---|---|
| Citizenship | Singapore Citizens, PRs, and foreigners with a valid work pass |
| Age | 21–65 years old |
| Employment | Salaried, commission-based, or self-employed |
| Minimum annual income | $30,000 for Singaporeans/PRs $60,000 for foreigners |
| Required documents |
Must have a Trust credit card with sufficient limit NRIC (locals) or valid work pass (foreigners) Proof of income (e.g. Latest computerised payslip, CPF Contribution History Statement, Income Tax Notice of Assessment, etc.) Proof of residence; usually for foreigners (e.g. utility bills) |
Why choose Trust? 🤔
Step-by-Step Guide: How to Apply for a Trust Bank Personal Loan
Applying for a Trust Bank Instant Loan is fast and fully digital. Here’s exactly how it works:
Compare digital lender loan options
Browse through our comprehensive list of personal loans on our MoneySmart Personal Loan Comparison Tool.
Next, use our MoneySmart Personal Loan Calculator to estimate your monthly repayments and total loan costs.
Check eligibility and provide documents
- Age: 21–65 years old
- Nationality: Singaporeans/PRs, foreigners with valid work pass
- Minimum annual income: $30,000 for Singaporeans/PRs; $60,000 for foreigners
Apply for the Trust Instant Loan via MoneySmart
Before being redirected to the application form, do fill up our MoneySmart Rewards Form with your email address. This step qualifies you for and helps you track your MoneySmart Exclusive sign-up bonuses like cash rebates, SmartPoints, or branded gifts.
Remember to use MyInfo to seamlessly pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submission.
Select your monthly repayment plan
Decide on your preferred monthly repayment plan (between 3 to 60 months) before confirming your instant loan.
Review and confirm details
Carefully review all the information you have entered throughout the application process. This includes:
- Personal details like your name, NRIC, email, etc.
- Loan details such as requested loan amount, loan tenure (repayment period), interest rate, and monthly repayment amount
Wait for approval and funds disbursement
You can keep track of your loan’s status at all times on the Trust app.
Fees & Charges Comparison: Trust Bank Personal Loan vs Other Bank Loans
In general, the Trust Instant Loan is fee-free upfront (no annual or processing fees), but early repayment comes with a 3% penalty.
| Personal loan | Processing fee | Annual fee | Late fee | Early repayment penalty |
|---|---|---|---|---|
| Trust Bank Instant Loan | $0 | $0 | $100 + 0.077% daily | 3% |
| Standard Chartered CashOne | $0 | $199 (1st year) | $100 | $150 or 3% of outstanding principal amount, whichever is higher |
| UOB Personal Loan | $0 | $0 | $100 for Credit card PL; $120 for CashPlus PL | $150 or 3% of outstanding principal amount, whichever is higher |
| HSBC Personal Loan | $0 | $120 (1st year waived) | $120 | 2.5% of redemption amount |
| CIMB Personal Loan | 1% for amounts < $5,000 | $0 | $100 | Waived for loans approved on/after 22 Jan 2025 |
| GXS FlexiLoan | $0 | $0 | Late interest charges applies | $0 |
Key Takeaway
- Trust Bank stands out for no upfront fees and lightning-fast approval.
- CIMB is strong for fee waivers above $5,000.
- GXS FlexiLoan offers full flexibility with no early repayment penalty.
- Borrowers who plan to repay early may prefer GXS or CIMB, while those prioritising instant approval and simplicity may find Trust more attractive.
Trust Bank Loan Repayment: Real Scenarios & Calculator Guide
- Enter your loan amount and tenure.
- Adjust interest rate (use your quoted rate from Trust).
- View estimated monthly instalments and total repayment.
Other repayment basics to note include:
- Fixed monthly instalments → Your loan is repaid in equal amounts over the chosen tenure.
- Interest rate → From 1.00% p.a. (EIR 2.28% p.a.), customised to your credit profile.
- Early repayment → A 3% penalty applies on outstanding principal if you settle early.
- Late payment fee → $100 fee plus daily interest (0.077% / 27.9% p.a.) on overdue balance.
Based on our MoneySmart personal loan calculator, the estimate loan repayment amounts are as follows:
| Loan amount | Tenure | Interest rate (Example) | Monthly instalment | Total repayable amount |
|---|---|---|---|---|
| $10,000 | 3 years | 1.00% p.a. (EIR 2.28%) | ~$286 | ~$10,300 |
| $20,000 | 5 years | 1.00% p.a. (EIR 2.28%) | ~$350 | ~$21,000 |
| $50,000 | 5 years | 1.00% p.a. (EIR 2.28%) | ~$875 | ~$52,500 |
Disclaimer: Figures are estimates based on sample rates; your approved rate may differ depending on your profile.
Frequently Asked Questions About Trust Instant Loan
Are foreigners eligible for a Trust Bank loan?
- Yes, Trust Instant Loan is available for foreigners with a valid work pass earning at least $60,000 annually in Singapore.
Do I need a Trust credit card to apply?
- Yes. You must hold a Trust credit card with sufficient available limit to qualify.
How fast is the approval and disbursement?
- Approval is done within 60 seconds via the Trust app, with funds disbursed to your Trust savings account instantly.
What fees should I expect?
- Processing Fee: $0
- Annual Fee: $0
- Late Payment Fee: $100 + 0.077% daily interest
- Early Repayment Penalty: 3% of outstanding principal
How to apply for a Trust Bank loan in Singapore
- Trust Bank offers a fully digital application process for its Instant Loan, so you can only apply through the Trust mobile app—no paperwork or branch appointment required. This means you can complete the application wherever you are in Singapore, right from your phone.
You can either apply for the Trust Instant Loan via our MoneySmart page (to qualify for MoneySmart Exclusive promotions too!) or download and log in to the Trust app. Since the Trust Instant Loan is fully digital, you can seamlessly retrieve all necessary details using SingPass MyInfo. Once your application is reviewed and approved, you can receive funds disbursement into your Trust savings account within 60 seconds. Are foreigners eligible for a Trust Bank loan?
- Yes, Trust Instant Loan is available for foreigners with a valid work pass earning at least $60,000 annually in Singapore.
What are the personal loan requirements in Singapore?
- To qualify for a personal loan in Singapore, you’ll need to meet both general regulatory requirements and specific policies set by the individual bank. Lenders commonly look at your residency, age, and annual income—these are the building blocks that decide your eligibility and influence approval. Here’s what you need to know about these criteria and how they’re assessed.
Factor Typical Requirement Residency Singapore Citizen, Permanent Resident (PR), or Foreigner with a valid Employment Pass / Work Pass Age At least 21 years old; typically capped at 65 years old Annual Income S$20,000–S$30,000 minimum for Singaporeans / PRs;
S$40,000–S$60,000+ minimum for foreigners