User Information & Loan Application
1. Are you currently in, or do you intend to enter any Debt Management Programmes (DMP) or Debt Consolidation Programmes (DCP)
2. Are you currently in, or do you intend to enter any bankruptcy filings or Debt Repayment Scheme with your Creditors?
3. Do you have any existing loans?
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Personal loan cost information
Key rates, terms and a worked example for personal loans in Singapore
Credible.sg is a loan-matching platform, not a lender. We connect you with licensed lending partners regulated by the Ministry of Law (Registry of Moneylenders) and the Monetary Authority of Singapore. Your actual rate, fees and terms are set by the lender you choose.
- Maximum Annual Percentage Rate (APR)
- 48% per annum (4% per month)
- Repayment period
- 1 to 24 months (shortest to longest)
The maximum interest a licensed moneylender may charge under Singapore law.
Choose the shortest tenure you can comfortably afford.
Representative example
Borrow S$10,000 over 12 months at 48% per annum (Effective Interest Rate):
- Monthly repayment approx. S$1,067
- Total amount repayable approx. S$12,809
- Total cost of credit approx. S$2,809
A one-time administrative fee of up to 10% of the principal and late fees of up to S$60 per month may also apply. The total of all interest, fees and charges can never exceed the amount borrowed.
Figures are an illustrative example, not an offer or quote. Your actual rate, fees and terms are set by the licensed lender you choose and depend on your income, credit profile, loan amount and tenure. Always check a moneylender against the Ministry of Law's Registry of Moneylenders before signing any agreement.