10 Best Personal Loan in Singapore to Give You a Peace of Mind [2021]

Find the best personal loans in Singapore to give you a peace of mind.

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With the thoughts of Singapore’s worst-ever recession looming over everyone’s heads, times are definitely becoming harder.

If you are in need of money to tide you over this period, perhaps you can consider taking up a personal loan. A personal loan is a form of credit that can help you to make a big purchase or consolidate high-interest debts.

As personal loans in Singapore typically have lower interest rates than credit cards, they can be used to consolidate multiple credit card debts into a single, lower-cost monthly payment.

According to a study conducted by Finder.com, nearly one in three Singaporeans (32%) or an estimated 928,000 people have reportedly taken out a personal loan in the past twelve months.

Singaporeans who have taken out a personal loan cite covering basic expenses as their main priority. More than one in 10 or 13% who have taken out a personal loan said this.

Looking for a licensed personal loan provider to help you alleviate your financial woes? In this article, we have gathered a list of the 10 best personal loans in Singapore who can help to make your loan process convenient and quick.

1. Credit Hub Capital

best personal loan in singapore_credit hub
Type of Information Details
Websitehttps://credithubcapital.sg/
Highlights to Note– Quick approval within an hour
– Highly competitive interest rates
– Customised loans and flexible repayment
Address190 Middle Road
10-01A, Fortune Centre Singapore 188979
Email (For Enquiry) [email protected]
Contact Number+65 6338 5115 (Office Number)
Operating HoursMonday – Friday
11 am – 8 pm

Saturday
11 am – 4 pm

Sunday
Closed
Online Reviews56 Google reviews (Average rating: 4.3 / 5.0 stars)

Founded in 2010, Credit Hub Capital is Singapore’s leading licensed and most trusted moneylender. The firm is licensed by the Registry of Moneylenders in Singapore and complies with the Moneylenders Act and Rules.

At Credit Hub Capital, not only can you receive quick approval within an hour, but you can also enjoy highly competitive interest rates.

If you face issues like a sudden loss of job that may potentially lead to the lack of income flow, taking up personal loans with Credit Hub Capital is a consideration.

That’s not all: the firm also offers a flexible repayment scheme and customised loan services, ensuring that the varying needs of its customers are met.

2. Credit Excel Capital

best personal loan in singapore_credit excel capital
Type of Information Details
Websitehttps://quickmoney.sg/
Highlights to Note– Quick approval within an hour
– Cash disbursement less than 30 mins
– Will not judge you based on your credit history
– Monthly instalments provided
– Most competitive low-interest rates
Address192 Waterloo Street #06-03
Skyline Building, Singapore 187966
Email (For Enquiry) [email protected]
Contact Number+65 6337 0055 (Office Number)
Operating HoursMonday – Friday
11 am – 8 pm

Saturday
11 am – 4 pm

Sunday
Closed
Online Reviews24 Google reviews (Average rating: 4.2 / 5.0 stars)

Credit Excel Capital is one of Singapore’s most flexible licensed moneylenders in Singapore, giving customers the luxury to plan their repayment dates.

They also do not judge their clients based on their credit history, staying true to their mission to adhere to the sternest code of ethics and principles in all their dealings with customers.

Providing online application services that are available 24/7, you can expect to receive an approval for your loan within one hour. Interest rates are offered at 4% monthly.

You have the option to make loan repayment or monthly instalments through any ATM machines, or iBanking online transfers to any of our local bank account. You can also make your repayment only in cash at their office.

3. BizBridge

Type of Information Details
Websitehttps://www.bizbridge.sg/
Highlights to Note– Middleman and advisor to increase your chances of securing a loan
– Extensive network of moneylenders
Address22 Sin Ming Lane #06-76
Midview City
Singapore 573969
Email (For Enquiry) [email protected]
Contact Number+65 6255 6300 (Office Number)
Operating HoursMonday – Friday
8 am – 8 pm

Saturday
9 am – 7 pm

Sunday
9 am – 8 pm
Online Reviews1 Google review (Average rating: 5.0 / 5.0 stars)

Unlike the other moneylenders on this list, BizBridge does not lend you money directly. Instead, it acts as a middleman and leverages its extensive network of moneylender contacts to help you find a suitable loan.

You will definitely want to engage them if you don’t have a good credit score or credit record or are facing a complicated situation. BizBridge may even be able to find you a loan you didn’t know you could qualify for.

As your Personal Loan Advisor, BizBridge knows the eligibility criteria set by its established network of lenders, which increases your chances of getting the loan. 

With over 540,000 loans taken, BizBridge has a 99% approval rate.

4. Fast Money Pte Ltd

best personal loan singapore
Type of Information Details
Websitehttps://fastmoney.com.sg/
Highlights to Note– No application fees
– Open to all clients, regardless of nationality
– Flexible repayment period
AddressBlock 101 Yishun Avenue 5 #01-35
Singapore 760101
Email (For Enquiry) [email protected]
Contact Number+65 6224 4746 (Office Number)
Operating HoursMonday – Sunday
12 pm – 8 pm
Online Reviews638 Google reviews (Average rating: 4.9 / 5.0 stars)
2 Facebook reviews (Average rating: 5.0 / 5.0 stars)

Applying for a personal loan with Fast Pay Pte Ltd is quick and efficient using their online application form. No application fees are needed.

Fast Pay offers its loans at some of the lowest interest rates in the region.

Their services are open to Singaporeans, Permanent Residents and foreigners with valid passports.

Instead of simply making unreasonable demands like other personal loan providers, they will also make arrangements to provide you with a flexible repayment period to meet your financial requirements. 

5. Galaxy Credit Investment

best personal loan singapore
Type of Information Details
Websitehttps://galaxycreditinvestment.com/loans/personal-loan/
Highlights to Note– Loan cap of S$150,000
– No processing or deposit fees
– Disbursement of cash on the spot
Address709 Ang Mo Kio Avenue 8 #01-2595
Singapore 560709
Email (For Enquiry) [email protected]
Contact Number+65 6817 2576 (Office Number)
Operating HoursMonday – Saturday
11 am – 8 pm

Sunday
Closed
Online Reviews1,712 Google reviews (Average rating: 5.0 / 5.0 stars)

With a personal loan cap of S$150,000, Galaxy Credit Investment’s interests rates are as low as 3.9% per term. No processing fees or deposits are needed.

You can easily apply for a personal loan by submitting online through an online form at the comfort of your own home. Their loan representative will contact you within 1 working day.

Once your loan is approved with the loan agreement signed, the firm will disburse the money via cash, bank transfer or cheque on the spot.

Every case is special and they go the extra mile to provide a repayment cycle that fully suits your financial capabilities.

6. Karthik Moneylending

best personal loan singapore
Type of Information Details
Websitehttps://kmlsg-finance.com/
Highlights to Note– Unparalleled customer service
– Transparent fees with no hidden costs
Address238 Serangoon Road
Singapore 218085
Email (For Enquiry) [email protected]
Contact Number+65 6429 1332 (Office Number)
Operating HoursMonday – Sunday
11 am – 7 pm
Online Reviews2 Google reviews (Average rating: 4.5 / 5.0 stars)

Karthik Moneylending Pte Ltd is a licensed moneylender in Singapore, approved by the Ministry of Law. Their utmost priority is to provide the best customer service to their clients while serving with integrity.

They strive to always be available to their clients whenever they require any financial needs or have any queries. From enquiries to cash disbursements, they guide their clients throughout the whole process.

Flexible repayment plans of up to 36 months are available. You can also look forward to low-interest rates and a fast application approval process (usually within 24 hours).

7. Lendela

best personal loan singapore
Type of Information Details
Websitehttps://sg.lendela.com/
Highlights to Note– Match making algorithm to match you to the personal loan that is most suited for you
– Compare personal loan offers
Address109 North Bridge Road #07-21-33
Funan
Singapore 179097
Email (For Enquiry) [email protected]
Contact Number+65 8201 0158 (Office Number)
Operating HoursMonday – Friday
9 am – 6 pm
Online Reviews80 Google reviews (Average rating: 4.9 / 5.0 stars)
2 Facebook reviews (Average rating: 5.0 / 5.0 stars)

Lendela helps you find the best personal loan in Singapore – free of charge. Fill out their online application form in a couple of minutes to receive loan offers from multiple banks and licensed lenders. Over 10,000 applications have been made.

Lendela brings the widely successful Scandinavian loan broker model to Southeast Asia, which lets the applicant compare personalised loan offers online and select the best option, via just one application.

This is possible through their well-made application form and unique match-making algorithm.

Some of their selected partners include HSBC, Standard Chartered and Singapore Fintech Association, lending credence to their credibility.

8. Lending Bee

Type of Information Details
Websitehttps://www.lendingbee.com.sg/apply/
Highlights to Note– Huge capital backing
– Mobile application to facilitate loan application process
Address14 Scotts Road #02-44/45
Far East Plaza
Singapore 228213 (Orchard Branch)
Email (For Enquiry) 
Contact Number+65 6871 4207 (Office Number)
Operating HoursMonday – Saturday
11 am – 8 pm

Sunday
10 am – 7 pm
Online Reviews491 Google reviews (Average rating: 4.9 / 5.0 stars)

As a subsidiary of Credit 21 Pte Ltd, Lending Bee is one of the top licensed moneylenders in Singapore.

Out of 156 licensed moneylenders, Lending Bee was one of the six selected by the Ministry of Law to pilot alternate business models for moneylending.

As such, you can be assured that they are a reliable and licensed moneylender with huge capital backing. They are able to provide you with a personal loan to suit your needs quickly.

To make the application process more convenient, Lending Bee has created a mobile application for its customers. Their mobile app is available on both the App Store and Google Play.

9. GM Creditz

best personal loan singapore
Type of Information Details
Websitehttps://www.gmcreditz.com.sg/
Highlights to Note– Take a loan of up to six times your salary
– Assesses every application fairly
Address111 North Bridge Road
Peninsular Plaza #01-41
Singapore 179098
Email (For Enquiry) [email protected]
Contact Number+65 6588 1886 (Office Number)
Operating HoursMonday – Friday
11 am – 9 pm

Saturday – Sunday
11 am – 6 pm
Online Reviews341 Google reviews (Average rating: 4.9 / 5.0 stars)

Established in 2001, GM Creditz is the best personal loan provider at the heart of Singapore. Staying true to its promise of “borrowing money made easy”, the agency offers hassle-free, fast and affordable loan plans.

With low interest rates from 1-4% only, you can borrow a personal loan up to 6 times your salary. Its personal loan is also an unsecured loan, which means no pledging of assets is required.

What sets the agency apart from other moneylenders is that it fairly assesses each and every client’s application, even those with a history of bad credit scores.

It has built the business on solid principles by offering a fair and transparent service and responsibly providing its customers with loans.

10. BST Credit

best personal loan singapore
Type of Information Details
Websitehttps://www.bstcredit.com.sg/
Highlights to Note– Tailored personal loan packages
– Live chat function to resolve your queries
AddressBlock 131 Jurong Gateway Road #01-251
Singapore 600131
Email (For Enquiry) [email protected]
Contact Number+65 6299 1782 (Office Number)
Operating HoursMonday – Saturday
11 am – 8 pm

Sunday
Closed
Online Reviews109 Google reviews (Average rating: 4.7 / 5.0 stars)

‘BST’ stands for Begin with Service & Trust. BST Credit has set themselves apart from other lenders by putting the needs of our customers first. Their application and approval process is simple and their terms are friendly.

They will tailor their loan packages to suit your particular set of circumstances. You only need to discuss your needs with their loan officers. They will help you identify a personal loan package that is suitable for your needs.

Their website also has a live chat function for you to raise any questions.

Conclusion

Do you have any reviews and comments to share regarding our choices for the best personal loans in Singapore?

While SBO is committed to supporting our local businesses, we welcome any feedback and anonymous sharing regarding your experience with the listed personal loans in Singapore.

We hope that this guide will be useful in helping you to make an informed decision when it comes to finding the best personal loan in Singapore.

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    A natural-born storyteller since young, I love writing about everything under the sun, in particular, technology and digital marketing. When I'm not putting my pen to paper, I'm usually listening to pop music or burying my head in tech reviews.
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