9 Best Personal Loans in Singapore (August 2026) — Standard Chartered CashOne From 0.90% p.a., Plus Up to 3.61% Cashback

The cheapest personal loan in Singapore on EIR, and the one running the most aggressive promotion right now. RATE: from 0.90% p.a. flat, EIR from 1.75% p.a. TENURE: 1 to 5 years, though note the cashback only applies to 3-, 4- and 5-year tenures. FEE — READ THIS: S$199 annual fee in the first year, deducted straight from your approved loan amount, then S$0 in subsequent years provided you have not missed a minimum payment in the previous 12 months. This is the only annual fee on this list, so on a small loan it can wipe out the EIR advantage: on S$10,000 the S$199 is worth about 2% of the loan, more than the rate saving over UOB. On S$50,000 it is negligible. ELIGIBILITY: minimum annual income S$30,000 for Singaporeans and PRs, S$90,000 for foreigners. CURRENT PROMO — SG61 CASHBACK: new clients get up to 3.61% cashback, capped at S$9,025 on loans of S$210,000 and above; existing clients get up to 2.61%, capped at S$6,525 on loans of S$50,000 and above. The promotion runs 13 July to 30 September 2026. BEST FOR: larger loans (S$30,000 and up) over 3–5 years, where the cashback dwarfs the annual fee.

Second on EIR and the cleanest fee structure on this list — there is no processing fee on any tenor and no annual fee at all, so what you see is genuinely what you pay. RATE: from 1.00% p.a. flat, EIR from 1.93% p.a. UOB is also unusually honest about the top of its range, publishing a maximum of 8% p.a. (EIR 17.62% p.a.) — a useful reminder that the headline is the floor of a band, not a quote. TENURE: 1 to 5 years. ELIGIBILITY: minimum annual income S$30,000 for Singapore Citizens and PRs. CURRENT PROMO: up to 2% cash rebate on an approved loan of at least S$10,000 taken over a 3- to 5-year tenor, from now till 31 August 2026 — and the rebate is only paid on applications submitted directly through UOB's own Personal Loan page, so going through a comparison site will cost you the rebate. WORTH KNOWING: without the S$199 fee that Standard Chartered charges, UOB is usually the better maths on loans below about S$20,000, even though its EIR is marginally higher. BEST FOR: mid-sized loans, and anyone who wants zero fees and no fine print to track.

The pick if your priority is a low monthly repayment rather than the lowest total interest. RATE: promotional rate from 1.3% p.a. flat, EIR 2.5% p.a., with zero processing fee. TENURE: 1 to 7 years — every other bank on this list stops at 5, and those two extra years cut the monthly instalment meaningfully (S$40,000 over 7 years is roughly S$520 a month before interest, versus about S$670 over 5). The trade-off is that you pay interest for two more years, so the total cost is higher even at the same rate. LIMIT: up to 8 times your monthly salary. ELIGIBILITY — THE CATCH: HSBC's income bar is the highest here for most applicants. Existing HSBC customers holding at least S$50,000 in total relationship balance need S$30,000 a year if salaried, or S$40,000 if self-employed. Everyone else — new customers, and existing customers below that balance — needs S$65,000 a year. The 1.3% promotional rate is also positioned around HSBC Premier qualification, so confirm which rate you personally qualify for before applying. BEST FOR: existing HSBC customers, especially Premier, who want to spread a large loan over 6–7 years.

Not the cheapest rate, but the most valuable single promotion on this page for anyone borrowing S$30,000 or more, because the cashback is uncapped. RATE: from 1.48% p.a. flat, EIR from 3.22% p.a. — the rate you are offered is personalised to your credit profile and you can see yours by logging into DBS iBanking or digibank before you commit. PROMO — 3% UNLIMITED CASHBACK: you need a minimum approved loan of S$10,000 and a minimum tenure of 36 months. On S$30,000 that is S$900; on S$60,000 it is S$1,800, with no cap. THE CONDITIONS THAT TRIP PEOPLE UP: the application must be submitted and approved through the self-apply online platform — applications made through branch staff or other assisted channels do not qualify; the promo code POSBPL must be entered in the promo code field during the online application; you must be a new or existing DBS PayLah! user; and you must opt in to DBS marketing consent. The cashback is one-time regardless of how many loans you take, and lands in your DBS Cashline or DBS/POSB credit card account within 180 days of approval. Same-day combined applications across Cashline and a credit card are added together to hit the S$10,000 threshold. BEST FOR: large loans over 3+ years where an uncapped 3% beats a slightly lower EIR elsewhere.

OCBC's fixed-repayment cash loan, drawn against your existing OCBC credit card or EasiCredit limit rather than applied for from scratch. RATE: from 1.98% p.a. flat, EIR from 4.19% p.a., with a one-time processing fee. TENURE: 1 to 5 years. ELIGIBILITY: you must be at least 21 and the main cardholder of an OCBC credit card, or an OCBC EasiCredit account holder — so this is a product for existing OCBC customers, not a first stop if you bank elsewhere. CURRENT PROMO (1 AUGUST – 30 SEPTEMBER 2026): up to S$1,000 cashback. The structure is tiered and the caps matter: 1.0% cashback on a principal of S$10,000–S$29,999 and 2.0% on S$30,000 and above, each capped at S$700, plus an extra S$300 for customers who have not taken Cash-on-Instalments in the previous 36 months. You need a minimum principal of S$10,000 on a 48- or 60-month tenor to qualify. Because of the S$700 cap, the 2.0% tier stops adding value above S$35,000 — beyond that, DBS's uncapped 3% is worth materially more. BEST FOR: existing OCBC cardholders borrowing S$10,000–S$35,000 over 4 or 5 years, especially first-time COI users who pick up the extra S$300.

The Standard Chartered–FairPrice digital bank's loan product, approved inside the Trust app in minutes if you already hold a Trust credit card with enough available limit. RATE: 2.22% p.a., quoted with an EIR of 2.28% p.a. — the unusually narrow gap between the two is the giveaway that Trust quotes this differently from the flat-rate banks above, so compare it on EIR only. TENURE: 3 to 60 months, with repayments charged to your Trust credit card bill. ELIGIBILITY: age 21 to 65; minimum annual income S$30,000 for Singapore citizens and PRs, S$60,000 for foreigners on a valid work pass; you need an existing Trust credit card with sufficient available credit. TWO FEES TO PRICE IN: a 0.88% first-year annual fee charged on your loan amount to your credit card (this applies to loans taken from 25 February 2026 — loans before that date have no annual fee), and a 3% early repayment fee on the outstanding principal if you settle early. That exit fee is the largest on this list and the reason to think twice if you expect a bonus or windfall mid-tenure. CURRENT PROMO: a scratch card worth up to S$10,000 cashback when you take an Instant Loan of S$15,000 or more — open to new-to-Trust and selected customers, and as a scratch card the typical outcome is far below the headline. BEST FOR: existing Trust cardholders who want money the same day and will run the loan to term.

The most accessible loan on this list by some distance, and the right answer for small borrowing amounts that the banks above will not entertain. RATE: from 2.88% p.a., EIR from 5.45% p.a. FEES: none — no processing fee, no prepayment fee and no late payment fee, which makes GXS the only lender here you can repay early at zero cost. LOAN SIZE: from S$200 up to your approved credit limit, which is genuinely unusual; every other lender on this page effectively starts at S$1,000 and gates its promotions at S$10,000. TENURE: 2 to 60 months. ELIGIBILITY: age 21 to 65, Singapore citizen or PR, minimum annual income S$20,000 — S$10,000 below the S$30,000 bar at Standard Chartered, UOB, CIMB and Citi, which makes this the realistic option for part-timers, gig workers and anyone early in their career. CURRENT PROMO: promo code SOFLEXI gives a 3% rebate on your loan, capped at S$800 cashback, until 31 August 2026. GXS also runs a Reno Club tie-up taking 1% off the rate, from 1.88% p.a. BEST FOR: small loans, borrowers under the S$30,000 income bar, and anyone who wants the freedom to clear the loan early without a penalty.

CIMB's instalment loan converts your credit card's available limit into cash repaid over fixed monthly instalments. RATE: new-to-CIMB-cards customers get a promotional rate as low as 2.88% p.a. flat, EIR from 5.43% p.a., on 36- to 60-month tenures, with no processing fee for a limited time. Existing CIMB cardmembers pay 3.50% p.a. (EIR 6.60% p.a.) on a 36-month tenure — an unusual case where the new customer is offered materially better terms than the loyal one, so if you already hold a CIMB card, compare against UOB and GXS before defaulting to CashLite. LOAN SIZE: from S$1,000. TENURE: 1 to 5 years. ELIGIBILITY: age 21 to 70 — the widest band on this list, and the only one that stays open past 65, which matters if you are approaching or past the usual cut-off. Minimum annual income S$30,000. If you do not already hold a CIMB card, a CIMB Visa Signature is issued to facilitate the loan, so factor in that you are opening a card as part of this. CIMB has not published an end date for the current promotional rate. BEST FOR: borrowers aged 66–70 who are shut out elsewhere, and new-to-CIMB customers taking the 36–60 month promotional rate.

The most expensive loan on this list on EIR, included because its promotion is voucher-based rather than rate-based and that suits some borrowers. RATE: from 3.45% p.a. flat, EIR 6.5% p.a., and note this rate applies to new Citi credit card or Citibank Ready Credit account holders only. Citi publishes the rate by tenure — around 3.56% on 12 months down to 3.48% on 60 months — so unusually, a longer tenure carries a slightly lower flat rate here. PROCESSING FEE: 0.00% across every tenure option, with no annual fee. TENURE: 12 to 60 months. ELIGIBILITY: minimum annual income S$30,000 for Singaporeans and PRs, S$42,000 for foreigners — notably lower than HSBC's S$65,000 for new customers, and the second-most accessible foreigner threshold here after Trust's S$60,000. CURRENT PROMO: up to S$600 in GrabGifts vouchers on a successful Citi Quick Cash application on your Citi credit card or Ready Credit, minimum loan amount S$15,000, valid till 30 September 2026. On a S$15,000 loan, S$600 in vouchers is a 4% return — nominally the richest offer on this page — but it is paid in vouchers, not cash, so value it at what Grab is actually worth to you. BEST FOR: existing Citi cardholders borrowing S$15,000+ who will genuinely spend S$600 on Grab.