How it works
Our intelligent platform would match you with personalized loan offers from multiple trusted and licensed loan providers
Apply in minutes using MyInfo!
MyInfo is a service designed by the government. It enables
Singaporeans and PRs to manage their personal data for convenient
online transactions. Users will enjoy less form-filling and a
reduced need for providing verified documents during online
transactions.
CompareLoan will only use this information
to get you the best loan offers possible. We never share or sell
any of this information.
You can borrow up to six times your monthly salary
How much you can borrow at a glance
Borrower’s Annual Income | Singapore Citizens & Permanent Residents | Foreigners Residing In Singapore |
---|---|---|
Less than $10,000 | $3,000 | $500 |
At least $10,000 and less than $20,000 |
$3,000 | $3,000 |
At least $20,000 | 6 times monthly income | 6 times monthly income |
Some Personal Loan Scenarios
See below for some personal loan illustrations. They are for refererce only and in no way represent any actual loan offer.
Singapore Citizen with $30,000 Annual Income
- Date 01-09-2020
- Loan Amount $4,000
- Duration 4 Months
- Admin Fee $150 (3.75%)
- Interest Rate $60 (1.5%)
Permanent Resident with $10,000 Annual Income
- Date 01-09-2020
- Loan Amount $4,000
- Duration 4 Months
- Admin Fee $150 (3.75%)
- Interest Rate $60 (1.5%)
Foreigners Residing in Singapore with $50,000 Annual Income
- Date 01-09-2020
- Loan Amount $4,000
- Duration 4 Months
- Admin Fee $150 (3.75%)
- Interest Rate $60 (1.5%)
About Us
The personalized loan relief that you need
We are an independent platform that seeks to match borrowers with lenders in a seamless and transparent way. We are not a moneylender and only work with reputable and licensed lending partners loan offers that are tailor-made for you.
Every step of the way is digitalised with a streamlined application process. We make it simple for borrowers with no fees and hidden costs from us so you can get the loan relief you need easily.
We take your data seriously
We do not share your personal information with unaffiliated third parties for their own advertising or marketing purposes.
Your credit profile is matched with our onboard licensed finanial institutions only and your contact details released only to the loan provider that you chose.
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