Emergency Loans Singapore
Fast Financial Support for Urgent Needs
An emergency loan in Singapore is a short-term unsecured loan designed to help borrowers manage unexpected and urgent expenses, such as medical bills, emergency repairs, or sudden cashflow disruptions.
Most emergency loan providers offer fast approvals and same-day disbursement, subject to income verification and affordability checks. These loans prioritise speed, accessibility, and short-term relief.
Emergency Loans – Key Facts at a Glance
| Key Factor | Typical Range |
|---|---|
| Loan Amount | $500 – $15,000 |
| Interest (Flat) | 1.88% – 4% monthly |
| EIR | Varies by tenure & calculation |
| Tenure | 1 – 24 months |
| Approval Speed | Minutes to Same day |
| Minimum Income | $1,500 |
How to Get an Emergency Loan in Singapore (Step-By-Step)
The standard process used by emergency loan providers:
Submit your emergency loan details
Borrowers typically provide income information, identification, and the loan amount they need.
This helps lenders understand your affordability and check your MLCB (Maximum Loan Cap).
Emergency loan providers check eligibility
Emergency loan providers evaluate:
Monthly income
Existing unsecured debt (MLCB)
Credit history (if applicable)
Employment stability
Urgency & loan purpose
You receive loan offers & proceed with verification
If approved, emergency loan providers provide a loan amount, interest rate, tenure, and total cost.
Borrowers then submit supporting documents for final verification.
When Should You Consider a Emergency Loan:
- Medical or hospital expenses
- Sudden car or home repairs
- Family emergencies
- Urgent bills or commitments
- Temporary cashflow shortfalls
Why Borrowers Prefer PickMeALoan Instead:
- Compare multiple lenders at once
- Lowest Rates Guaranteed
- Instant pre-checks without affecting credit score
- See your estimated rates and loan amounts upfront
- Offers delivered discreetly via WhatsApp
List of Emergency Loan Providers in Singapore (2026)
Updated with the latest publicly available emergency loan provider benchmarks.
| Lender Type | Typical Interest Rate | Max. Loan Amount | Approval Speed | Notes |
|---|---|---|---|---|
| Emergency Loan Providers | ~4.0% monthly | 6 times monthly income | Same day | More flexible, faster approval |
| Lendela | ~3.0% – 4.0% monthly | 6 times monthly income | Same day | One application → multiple options |
| LendingPot | ~3.0% – 4.0% monthly | 6 times monthly income | Same day | One application → multiple lenders |
| Roshi | ~3.0% – 4.0% monthly | 6 times monthly income | Same day | Compares bank + moneylender options |
| PickMeALoan | ~1.0% – 3.0% monthly | 6 times monthly income | Minutes | Lowest rates • AI-powered matching • Discreet & private • PDPA-compliant |
Disclaimer: Actual rates depend on income, credit profile, existing loans, and emergency loan provider risk policies.
Popular Emergency Loan Options in Singapore
We reviewed a wide range of emergency loan options available in Singapore and identified choices that stand out for approval speed, transparency, and borrower suitability.
These options are evaluated based on interest rates, fees, loan amounts, repayment flexibility, approval speed, and overall borrower experience helping you compare quickly and confidently.
PickMeALoan Emergency Loan Offers
1.88%
Monthly Interest Rate
24 Months
Loan Tenure (Up To)
$10,000
Loan Amount (Up To)
PickMeALoan offers emergency loans options with competitive rates ranging from 1.88% monthly, flexible loan tenures of up to 24 months, and loan amounts of up to $10,000 or more. Our system compares multiple emergency loan providers instantly to match you with the best available offer based on your income, MLCB usage and repayment profile.
With AI-powered matching, price-matching guarantees, and discreet processing, PickMeALoan simplifies the loan application process while ensuring borrowers receive the most affordable and suitable loan options available.
DBS Personal Loan
1.48%
Annual Interest Rate
$10,439
Total Repayment
$438
Monthly Repayment
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.
Trust Bank Instant Loan
1.56%
Annual Interest Rate
$10,505
Total Repayment
$291.81
Monthly Repayment
Trust Bank Instant Loan is one of the fastest personal loan options in Singapore, offering approvals and disbursement in as little as 60 seconds. With interest rates starting from 1.56% p.a. and an EIR from 3.00% p.a., it is one of the most affordable digital loan products currently available. There are no processing fees and borrowers can choose repayment terms from 3 to 60 months.
The loan is open to Singapore Citizens and Permanent Residents aged 21 and above, with a minimum annual income of $30,000. Trust accepts salaried and commission-based workers, self-employed individuals, and variable-income earners. Applications are done fully through the Trust mobile app, allowing borrowers to apply, verify income, and receive funds quickly.
Because Trust does not charge processing fees, the overall cost of borrowing is lower compared to many traditional bank loans. However, interest rates may vary depending on your credit profile and income stability, so your actual approved rate may differ from the advertised benchmark.
Trust Bank is part of the SDIC Deposit Insurance Scheme, meaning eligible deposits are insured up to $100,000 per depositor per bank.
How to Compare Emergency Loans in Singapore
Comparing emergency loans isn’t just about finding the fastest approvals. In Singapore, factors like EIR, fees, tenure, MLCB limits and approval likelihood dramatically affect what you’ll actually pay. Here’s what to check before choosing a emergency loan provider and how PickMeALoan simplifies it instantly.
Check the Effective Interest Rate (EIR), Not Just the Monthly Rate
The monthly interest rate doesn’t show the true cost of your loan. EIR includes fees and compounding giving you the real cost comparison across emergency loan providers.
Include All Processing & Admin Fees
A loan with a low advertised rate may still cost more once fees are included. Always compare total cost, not just the interest. Our platform calculates this for you.
Understand Your MLCB (Maximum Loan Cap)
Under MAS rules, you can only borrow up to 6× of your monthly income across all unsecured loans. Your current MLCB affects the maximum loan amount you can get.
Compare Tenure vs. Monthly Installment
Longer tenures reduce monthly payments but increase total interest paid. Shorter tenures cost more each month but save money overall, we show both options clearly.
Consider Approval Likelihood for Your Profile
Banks, emeregency loan providers, and alternatives assess income, credit history, pass type, and existing debt differently. PickMeALoan ranks emergency loan providers by your actual approval probability.
Don't Overlook Speed of Disbursement
Some emeregency loan providers take days; others approve within hours. If you need funds urgently, sorting by fastest approval can matter more than a 0.1% rate difference.
How to Apply for a Emergency Loan with PickMeALoan (Fast & Simple)
Tell us what you need
Securely connect with Singpass or answer three quick questions about your loan request.
Our AI system analyses your profile privately to understand your eligibility.
Instant Loan Matches
Our AI-managed system instantly identifies the best fast cash provider for your profile.
lowest eligible interest rate
longest possible tenure
highest realistic loan amount
Review & Proceed Privately
We’ll send your personalised offers directly via WhatsApp.
Choose the option that suits you best — no pressure, no calls, no judgement.
We coordinate the final steps, and many providers offer same-day disbursement once verification is complete.
No need to return to the site — everything continues seamlessly through WhatsApp.
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Testimonials from our satisfied clients.
Types of Personal Loans
Frequently Asked Questions
Clear answers to help you secure the best emergency loan offers in Singapore.
How fast can I get an emergency loan approved?
Many emergency loan applications are assessed within minutes once verification is completed. In some cases, funds can be disbursed on the same day, depending on the provider and your eligibility profile.
Can I apply for a emergency loan if my credit score is low?
Yes. Emergency loan approval is typically based on income, affordability, and existing financial commitments rather than credit score alone. Each provider applies its own assessment criteria.
Will checking my eligibility affect my credit score?
No. Checking your eligibility does not affect your credit score. Only a confirmed loan application or approved loan may be reflected in your credit record, depending on the provider.
What documents are required for an emergency loan application?
Most providers require your NRIC, latest payslip, CPF contribution history, or proof of employment. Using Singpass allows faster and more accurate verification with fewer manual documents.
Can I apply for a emergency loan without using Singpass?
Yes, manual applications are available. However, Singpass verification helps speed up approval, improves matching accuracy, and reduces the need for repeated document submission.
Skip the Hard Work! We Match You Instantly.
Tell us what you need and we’ll negotiate the best loan options on your behalf in minutes.
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