Which Bank Is Best For Personal Loan In Singapore?
It takes time to look for the lowest personal loan interest rate in Singapore, however, it is important to do some research to save some money off the interest especially when you are in the red.
We come up with a list of banks that offers low interest for fund transfer in Singapore.
From the list,
With Standard Chartered’s Salary Advance offering 0% for first $3,000 and 17.9% p.a. for excess balance, it is the best bank for personal loan in Singapore if you are only loaning an amount of $3000 or less.
However, if you need more than $3000, HSBC is the best bank to go to with its Personal Line of Credit offering interest rate of 1.88% p.a. and 5.88% p.a. for 6 months and 12 months loan period respectively.
Don’t worry about the processing fee, it is waived!
HSBC Personal Line of Credit
- Interest rate for 6 months funds transfer: 1.88% p.a.
- Interest rate for 12 months funds transfer: 5.88% p.a.
- Processing fee waived!