Compare Personal Loans in Singapore
Updated Dec 2025 | 5 minutes
Get the Lowest Rates, Highest Amount & Longest Tenure
Finding the right personal loan doesn’t need to be complicated.
PickMeALoan compares your profile against trusted fast cash providers and financial institutions in Singapore to help you secure the best rates, highest amount, and longest tenure loan options, all in minutes.
We’ve analysed the latest loan products, rate structures, eligibility tiers, and approval criteria to identify the best-performing personal loan options available today.
Top 3 Personal Loans in Singapore
Best Secured Personal Loan
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DBS Personal Loan offers one of the most attractive bank rates in Singapore, with interest starting from 1.48% p.a. and an EIR from 2.84% p.a. Borrowers can choose flexible loan tenures ranging from 6 months to 5 years, with funds disbursed directly into their DBS/POSB account upon approval.
Applications are open to Singapore Citizens and Permanent Residents aged 21 and above, with a minimum annual income of $20,000. DBS accepts salaried workers, variable income earners, and the self-employed, making it a suitable option for a wide range of borrowers. Using Singpass MyInfo speeds up verification and helps applicants secure faster approval.
Borrowers can receive up to 4× their monthly salary if they earn below $120,000 annually, or up to 10× if they earn more. This makes DBS an excellent option for those needing higher financing limits.
Do note that DBS charges an annual processing fee of $199, which is deducted upfront from the approved loan amount. Early or late repayment fees may also apply, so it’s important to review all terms before committing.
Best Unsecured Personal Loan
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EZ Loan is a licensed fast-cash provider in Singapore offering flexible unsecured personal loans with monthly interest rates from 1.88% and an EIR from 9.88% p.a. Loan tenures typically range from 1 to 12 months, with same-day approval and disbursement available for most applicants.
Applications are open to Singapore Citizens, Permanent Residents, and Work Pass holders aged 18 and above, with minimum income thresholds depending on residency status. EZ Loan accepts salaried employees, contract workers, freelancers, and the self-employed, making it accessible for borrowers who may not qualify for traditional bank loans.
The approval process is streamlined through Singpass/MyInfo, reducing documentation and allowing faster eligibility checks. Many borrowers receive a confirmed offer within minutes and can complete verification at the EZ Loan office before funds are disbursed.
Loan amounts typically range from $500 to several thousand dollars, depending on income, existing obligations, and MLCB utilisation. This makes EZ Loan a practical choice for short-term financing needs such as emergency expenses, medical bills, unexpected repairs, or bridging cash flow gaps.
Best Loan Comparison Platform
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PickMeALoan is a loan comparison platform in Singapore that helps borrowers find the lowest-interest personal loan options available to their profile. Instead of manually applying to multiple lenders, users receive personalised matches through a single online submission, with interest rates typically ranging from 1% to 3% monthly depending on income, loan amount, pass type, and MLCB usage.
The platform compares multiple licensed fast-cash providers and financial institutions in real time, ensuring that borrowers see only options they are likely eligible for. This improves approval chances and prevents unnecessary credit checks, repeated applications, and the common issue of being contacted by dozens of lenders after submitting details elsewhere.
Using Singpass MyInfo speeds up verification and allows PickMeALoan to analyse key eligibility factors instantly, including income tier, residency status, existing loan obligations, and repayment behaviour. Borrowers typically receive several tailored offers within minutes, complete with estimated monthly instalments, total repayment amounts, and tenure options.
PickMeALoan focuses on delivering transparent, borrower-friendly results by showing realistic loan ranges based on actual provider criteria. The platform does not promote lenders who are unsuitable for a borrower’s profile and does not perform any credit checks itself. All matched partners are licensed under Singapore regulations, giving borrowers confidence that the offers they receive are legitimate and compliant.
The service is free to use, and there are no upfront fees or hidden charges. PickMeALoan earns a referral fee only when a borrower successfully secures a loan through a matched provider, ensuring alignment with borrower interests. This makes the platform a strong choice for anyone looking to compare personal loan rates in Singapore quickly, safely, and accurately without the stress of manual applications.
Compare Personal Loan Interest Rates in Singapore
Updated Dec 2025. With the latest publicly available benchmarks.
Compare the latest personal loan interest rates, EIRs, loan tenures, and key features from banks and private providers in Singapore. This table gives you a clear overview of the most important details to consider when choosing a personal loan, including interest rates, fees, and flexibility. Updated regularly for accuracy.
If you want a deeper guide on how to compare personal loans in Singapore, you can read our full comparison guide here.
Disclaimer: Every lender has different requirements, approval processes, and costs. Your best option depends on your income, existing obligations, loan amount, and repayment preference.
How to Apply for a Personal Loan Through PickMeALoan (Fast & Simple)
Tell us what you need
Securely connect with Singpass or answer three quick questions about your loan request.
We use this information to understand your affordability and match you to the right fast cash provider instantly.
Instant Loan Matches
Our system compares fast cash providers and identifies options based on:
the biggest loan amount you’re eligible for
the longest possible tenure
the lowest interest rate available
Get Funded
We’ll send your personalised offers directly via WhatsApp.
Choose the option you prefer and the fast cash provider will complete verification and disburse funds, often within the same day.
No need to return to the site — everything continues seamlessly through WhatsApp.
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Frequently Asked Questions
Clear answers to help you secure the best personal loan deals in Singapore.
What is the lowest personal loan interest rate in Singapore?
The lowest advertised rates start from 1.48% p.a. from banks, and from 1.88% monthly for non-bank lenders. Actual rates depend on income, loan amount, tenure, and credit profile.
How do I compare personal loan interest rates?
Compare based on:
- Advertised interest rate
- Effective interest rate (EIR)
- Processing fees
- Loan tenure
- Maximum loan amount
- Total repayment cost
If you want a deeper guide on how to compare personal loans in Singapore, you can read our full comparison guide here.
Why does EIR matter when comparing loans?
EIR reflects the true cost of borrowing, including fees and repayment structure. It’s more accurate than the headline interest rate when comparing across lenders.
Which personal loan gives the lowest monthly repayment?
Loans with longer tenures typically offer the lowest monthly instalments, such as Standard Chartered CashOne with up to 60 months.
How do I know which fast cash provider is best for me?
It depends on whether you prioritise:
- Lowest interest
- Lowest monthly repayment
- Highest loan amount
- Fastest approval
- Flexible terms
Different fast cash providers excel in different areas which is why comparison tables are useful.
Is PickMeALoan a lender?
No. PickMeALoan is a loan comparison platform that helps borrowers find suitable personal loan options based on their profile.
All loans are issued directly by the respective providers.
How does PickMeALoan compare lenders?
PickMeALoan analyses interest rates, approval requirements, repayment structures, and provider criteria to match borrowers with realistic options. Only licensed and compliant providers are included.
Is it free to compare personal loans on PickMeALoan?
Yes. There are no fees for checking or comparing loan options on our platform.
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