Personal Loan Calculator (2026)
Calculate your total and monthly repayments based on today’s personal loan rate trends.
Find out your estimated monthly repayments instantly using Singapore’s latest personal loan interest rates.
This calculator uses the reducing-balance formula — the same method used by most financial institutions — to give accurate repayment projections for any loan amount or tenure.
Whether you're planning a major expense, consolidating debt, or comparing offers, this tool helps you understand your costs before applying.
Personal Loan Calculator
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Total Payable
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Total Interest
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Top 3 Personal Loans in Singapore
(By Lowest Interest Rate)
We reviewed a wide range of personal loan options available in Singapore and identified the products that offer the strongest combination of value, transparency, and borrower-friendly features. Based on key factors such as interest rates, fees, loan amounts, repayment flexibility, approval speed, and overall borrower experience, the following options stand out as the most compelling choices.
PickMeALoan Personal Loan
1.88%
Monthly Interest Rate
48 Months
Loan Tenure (Up To)
$800,000
Loan Amount (Up To)
PickMeALoan offers personalised loan options with competitive rates ranging from 1.88% monthly, flexible loan tenures of up to 48 months, and loan amounts of up to $800,000. Our system compares multiple fast cash 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.
Why Borrowers Prefer PickMeALoan
Licensed Fast Cash Providers Only
We partner exclusively with legal, regulated providers.
Your Data Stays Private
Fully PDPA-compliant. Information is shared only when you choose a provider.
Completely free for borrowers
No hidden fees. No charges. Ever.
Borrower-First Transparency
You stay in control at every step.
No hard credit checks unless you decide to proceed.
No upfront fees, no scams
We will never ask you for:
deposits
admin fees
insurance fees
processing payments
Loyalty & Borrower Rewards
Examples of platform benefits:
Loyalty points for returning users or referrals
Referral bonus when a friend applies through your link
Priority fast cash provider matching for returning users
What our customers are saying..
Testimonials from our satisfied clients.
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Frequently Asked Questions
Clear answers to help you secure the best personal loan deals in Singapore.
How accurate is this calculator?
It gives a close estimate based on typical reducing-balance repayment structures used in Singapore.
Final figures may differ slightly depending on your profile, provider fees, and exact interest rate offered.
Why might my estimated repayment differ from the actual offer?
Because real offers depend on:
- Your income
- MLCB utilisation
- Credit history
- Loan amount and tenure
- Provider-specific fees
The calculator simplifies these factors so you get a quick, useful estimate.
Does using the calculator affect my credit score?
No. It does not trigger any credit checks.
It’s purely a planning tool.
Are admin fees or processing fees included?
No — fees vary by provider, so the calculator estimates instalments based on interest only.
You will receive the full breakdown when matched to a provider.
What interest rate type does the calculator use?
It uses a reducing-balance instalment formula, which reflects how repayments typically work in Singapore.
Some providers advertise flat rates, but actual repayments are based on reducing balance.
Why is there a “Lowest Market Rate” marker at 1.88%?
It highlights the lowest publicly advertised rate available in Singapore.
Your actual rate may be higher or lower depending on your eligibility.
Does this calculator tell me how much I can actually borrow?
Not exactly, it shows estimated repayments.
Is it better to choose a longer or shorter tenure?
Shorter tenures = higher monthly payments but lower total interest.
Longer tenures = smaller monthly payments but higher total interest.
The calculator helps you find the balance that fits your cashflow.
Do I need to apply separately with each provider?
No.
One submission through PickMeALoan lets you compare options from multiple providers instantly.
How does PickMeALoan protect my information?
We only request information necessary for matching.
All data is encrypted, securely stored, and never shared with providers unless you choose to proceed.
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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