Which bank is easiest to get a personal loan in Singapore from?


When looking for a personal loan, knowing which bank best suits your needs can be tricky. 

Loans are approved by lenders based on their own individual policies, interest rates, and repayment terms. Before you put all of your eggs in one basket, make sure you know what services each bank provides. So, let’s compare the personal loan rates offered by some of Singapore’s leading banks.:


  • OCBC personal loans are well-regarded. Singapore’s best customer service comes from the bank’s 100-year history.
  • OCBC charges the lowest. OCBC may offer the best loan rates.
  • OCBC personal loans offer flexible terms. If your finances change and you need to pay off part or all of your loan early, you won’t be penalized—you’ll just pay less per month!


If your job qualifies, HSBC is a good choice. They offer great personal loans and will consider your application even if you have bad credit.

They offer 1–5-year revolving and fixed-rate personal loans. The interest rate is 1% higher than bank rates, which can reach 5%.


UOB personal loans are well-regarded. Easy application and reasonable interest rates. Debt consolidation is allowed. Apply online or in branches for the loan in multiple currencies.


  • Citibank offers many personal loan products, including auto loans.
  • If you have good credit and want to refinance, Citibank may be best.
  • It’s one of Singapore’s biggest banks, giving it lending power.


Maybank is one of the most accessible banks to get a personal loan from. You can apply for up to $50,000, with an interest rate of 3.9%. 

They also offer debt consolidation loans which are great if you have multiple credit cards or personal loans with high-interest rates that make it difficult for you to pay them off.

Having the proper documents and being in the right job category is essential.

Several factors will play into your application if you want to get a personal loan in Singapore. 

First, you need to be employed and have a good job title, and it’s also important that your salary is enough for your loan repayments. 

Furthermore, a good credit record helps – whether from working with established companies or having been with them long enough to know they can trust you. 

Finally, banks will look into what kind of assets you have as collateral before deciding if they want to lend money to you.


We hope that the information we’ve provided has helped you narrow your search for a loan. 

It’s important to remember that while there are plenty of ways to get a personal loan in Singapore, not all banks or lenders will have the same terms and conditions. It also depends on your financial situation: 

If you don’t have much money saved up but need cash fast, then an online lender might be better suited for your needs than one with higher interest rates but lower fees (and vice versa).

 Feel free to ask us any questions about our article or any other questions about getting a loan today.