Latest comparison of personal loan interest rates from major banks and financial institutions in Singapore.
2025 Personal Loan Rate Overview
Personal loan rates in Singapore have remained competitive in 2025, with banks offering attractive packages to capture market share. Our comprehensive analysis covers rates from all major financial institutions, updated monthly to reflect current market conditions.
Lowest Rate
2.88% p.a.
UOB Personal LoanAverage Rate
6.5% p.a.
Across all banksMax Amount
$500,000
Premium customersFastest Approval
1 hour
Digital applicationsComprehensive Rate Comparison Table
| Bank | Interest Rate Range | Min Amount | Max Amount | Processing Fee | Approval Time | Special Features |
|---|---|---|---|---|---|---|
| UOB Personal Loan | 2.88% - 12.88% | $5,000 | $500,000 | $88 | 1-3 hours | No early repayment fee |
| DBS Personal Loan | 3.25% - 13.25% | $5,000 | $500,000 | $88 | 2-4 hours | Instant approval for existing customers |
| OCBC Personal Loan | 3.38% - 13.38% | $5,000 | $500,000 | $100 | 1-2 hours | Flexible repayment options |
| Citibank Ready Credit | 3.95% - 25.90% | $1,000 | $300,000 | $0 | Instant | Revolving credit facility |
| Standard Chartered CashOne | 4.97% - 17.95% | $1,000 | $200,000 | $199 | 2-5 hours | Balance transfer options |
| HSBC Personal Loan | 5.90% - 16.80% | $5,000 | $300,000 | $168 | 3-5 days | Premier customer benefits |
| Maybank Personal Loan | 6.28% - 18.00% | $1,000 | $150,000 | $150 | 1-3 days | Islamic financing available |
| ANZ Personal Loan | 6.48% - 19.98% | $5,000 | $100,000 | $188 | 2-3 days | Fixed rate guarantee |
*Rates updated December 2024. Actual rates may vary based on individual credit profile and income.
Best Rates by Category
Lowest Interest Rate
UOB Personal Loan
Starting from 2.88% p.a.
Best for existing UOB customers with excellent credit
Fastest Approval
Citibank Ready Credit
Instant approval
Pre-approved credit line for immediate access
Highest Loan Amount
DBS Personal Loan
Up to $500,000
For high-income earners and premium customers
No Processing Fee
Citibank Ready Credit
$0 processing fee
No upfront costs for credit facility setup
Rate Trends Analysis
Interest Rate Trends (2024-2025)
3.2%
3.1%
2.9%
2.88%
Key Market Insights
- Interest rates have decreased by 0.32% since January 2024
- Competition among banks has intensified, benefiting borrowers
- Approval times have improved significantly with digital processes
- Mobile-first applications now account for 70% of approvals
- Enhanced credit scoring models allow better risk assessment
Rate Factors & Eligibility
Factors Affecting Your Rate
Credit Score
Higher scores (1900+) qualify for the lowest rates
Income Level
Higher income earners get better rate tiers
Banking Relationship
Existing customers often receive preferential rates
Employment Type
Stable employment with established companies preferred
Loan Tenure
Shorter tenures typically offer better rates
Loan Amount
Larger loans may qualify for volume discounts
How to Get the Best Rate
Check Your Credit Score
Obtain your credit report from Credit Bureau Singapore and ensure accuracy. A score above 1900 qualifies for the best rates.
Compare Multiple Banks
Don't settle for the first offer. Use our comparison table to identify the most competitive rates for your profile.
Leverage Existing Relationships
Apply with banks where you have salary crediting or significant deposits. Relationship pricing can save you 0.5-1% on rates.
Negotiate Terms
Use competing offers to negotiate better rates. Banks often match or beat competitor rates for qualified borrowers.
Special Promotions & Offers
UOB Year-End Special
Limited TimeRate: 2.88% p.a. for first 6 months
Eligibility: New customers with $50k+ annual income
Bonus: $200 cash rebate for loans above $30k
Valid Until: 31 Dec 2024
DBS Salary Crediting Bonus
OngoingRate Discount: 0.5% off standard rates
Eligibility: Salary crediting customers
Bonus: No processing fee
Min Loan: $10,000
OCBC Balance Transfer
Special RateRate: 0% for first 6 months
Purpose: Credit card debt consolidation
Fee: 2% of transfer amount
Max Amount: $100,000
Rate Forecast 2025
Expert Predictions
Based on current market trends and economic indicators, we expect personal loan rates to remain competitive throughout 2025. Key factors influencing rates include:
Downward Pressure
- Increased competition among lenders
- Digital transformation reducing operational costs
- Stable economic conditions
Stabilizing Factors
- MAS monetary policy stance
- Global interest rate environment
- Credit risk management requirements
2025 Rate Prediction: 2.5% - 15% p.a.
We expect the best rates to potentially drop to 2.5% for premium customers, while maintaining the current competitive landscape.
Rate Disclaimer
All rates are subject to change without notice and depend on individual credit assessment. The rates shown are indicative and may vary based on loan amount, tenure, and borrower profile. Always verify current rates directly with the lender.
Find Your Best Personal Loan Rate
Use our comparison to find the most competitive personal loan rates for your profile.