Which is the best interest rate for personal loans in Singapore?
Annual Interest RateEIR 14.69% p.a. SingSaver compares the best Personal Loans in Singapore that range from 1-year to 7-year tenures. The effective interest rate (EIR) you can enjoy from the loans on our site range from 7.0% p.a. to 18.72% p.a.
How long can you get a home loan in Singapore?
For fixed rate home loans in Singapore, banks normally offer only a fixed period of 1-3 years albeit occasionally you do have banks offering up to maximum 5 years. This is unlike in the U.S. market where lenders can offer fixed term of 15 years of 30 years.
What’s the interest rate on a CIMB personal loan?
To apply, enter promo code CASHLITE in the online application form. If you are an existing CIMB customer, 4.5% p.a. (EIR from 8.21% p.a.) is the interest rate you’ll enjoy. Customers can access up to 90% of their credit card limit with the CIMB CashLite personal loan.
What’s the interest rate on a personal loan?
Personal instalment loans can come in handy to help pay for needs that other loan types cannot cover. These include paying for weddings, renovations, travel, and medical costs not covered by insurance. A personal loan offers interest rates between 3.5% p.a. to 10.8% p.a.
What do I need to get personal loan in Singapore?
A minimum annual income of $30,000 is required to apply for a personal loan. You will also need to produce documents during your application, such as your NRIC and the latest 3 months computerised payslips. Foreigners in Singapore are also eligible to apply for a personal loan, depending on your salary and employment permit/pass type.
What’s the minimum income to get a personal loan?
While most banks set the minimum annual income S$30,000 to be eligible for a personal loan, there are other options for those earning less than S$30,000 per annum. For example, Credit Culture provides an unsecured loan amount of up to $3,000 for those with an annual income less than S$20,000.