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Tailored Solutions
We understand your unique needs and craft personalized financial strategies that help you achieve your goals.
Secure Future
Your financial security is our priority. Trust us to provide reliable and sustainable plans for lasting peace of mind.
Expert Guidance
Our team of experienced professionals is here to guide you through every step of your financial journey.
What We DO
Don’t wait any longer to secure the financial assistance you need. Whether you’re looking to consolidate debt, cover unexpected expenses, or pursue your goals, our team is ready to help. Submit your application now and take the first step towards a brighter financial future!
We Are Professional Outsourced
We provide fast, flexible, and reliable loans designed to empower businesses and individuals to achieve their goals. Your success is our priority.
Achievements You Can Count On:
Trusted Professionals
We have served a thriving community of 1,000+ satisfied customers.
First Month 0% Interest
We offer 0% interest for first month instalment.
0 Upfront Fee
No upfront payment is required upon approval.
About Us
Our dedicated team is here to guide you in choosing the best financing options, ensuring a seamless and supportive borrowing journey.
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Find Out Answers Here
What is the eligibility criteria for applying for a personal loan?
To apply for a personal loan through SGBank's outsourced provider, you must meet the following criteria:
- Be a Singapore citizen, permanent resident, or foreigner with a valid work pass.
- Be aged between 21 and 65 years old.
- Have a minimum monthly income of SGD 2,000 (for locals) or SGD 3,000 (for foreigners).
- Possess a valid Singapore bank account.
What are the key terms and conditions of the personal loan?
Key terms include:
- Loan Tenure: Typically ranges from 1 to 7 years.
- Interest Rate: Fixed annual interest rates starting at 3.5% (effective rates may vary).
- Processing Fee: 1-2% of the loan amount, deducted upfront.
- Early Repayment: May incur a penalty of 2-5% of the remaining loan amount.
- Late Payment: A fee of SGD 80-120, plus additional interest on overdue amounts.
How much can I borrow, and how is my loan amount determined?
The loan amount depends on your income and credit profile:
- Borrow up to 4 times your monthly salary if your annual income is below SGD 30,000.
- Borrow up to 8 times your monthly salary if your annual income exceeds SGD 30,000.
The final approved amount is subject to the outsourced provider's credit evaluation.
How long does it take to process and disburse the loan?
Upon submission of complete documents, the loan approval process typically takes 7-10 working days. Disbursement of funds to your designated account will occur within 24-48 hours of approval.
What documents are required to apply for a personal loan?
You’ll need the following:
- Identity Proof: NRIC (for Singaporeans/PRs) or Passport and Work Pass (for foreigners).
- Income Proof: Latest payslips (1-3 months), CPF contribution statement, or Notice of Assessment.
- Bank Statement: Recent 3-month bank statements for account verification.
- Employment Details: Letter of employment (if required for foreigners).
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