POSB Personal Loan

POSB Personal Loan

POSB Personal Loan comes in the form of Cash in 5 minutes.

POSB Personal Loan conditions:

To qualify for the Cash in 5mins* service you must be a Singaporean or Permanent Resident (PR) with a PR status of at least 1 year. You must also be, between 21 years and 70 years of age, residing in Singapore and currently earning a minimum gross annual income of S$20,000 in a continuous employment of at least 12 months.

Foreigners, retirees are regrettably not eligible to apply for this POSB personal loan.

POSB Personal Loan

The rates we offer:
Annual Gross Income | S$20,000 - Less than S$30,000 | S$30,000 and above

Credit Limit = Up to 2 times your monthly salary | Up to 4 times your monthly salary

POSB Pesonal Loan Effective Interest Rate (inclusive of 3% processing fee & 1% Insurance fee)

S$20,000 - Less than S$30,000 | S$30,000 and above
(1 year) 24.91% (1 year) 17.76%
(2 year) 21.57% (2 year) 14.47%
(3 year) 21.74% (3 year) 18.27%
(4 year) 20.75% (4 year) 17.41%
(5 year) 20.01% (5 year) 16.78%

Late Payment Charge = S$60


POSB Personal Loan details are subject to change.