Singapore's Trusted Lending Partner
Fast, Simple Personal Loans for Every Need
What is a personal loan?
A personal loan in Singapore is an unsecured loan provided by banks or licensed moneylenders that allows individuals to borrow a fixed sum of money, typically repaid in monthly installments over a set period. These loans can be used for various purposes, such as emergency expenses, weddings, travel, or education.
Common types of personal loans
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Unsecured Personal Loans
These don’t require collateral and are based on creditworthiness.
1.
Secured Personal Loans
Require an asset (like property) as collateral, offering lower interest rates.
2.
Debt Consolidation
Used to combine multiple debts into one for easier management and potentially lower interest.
3.
Personal Line of Credit
Allow borrowers to access funds up to a set limit and pay interest only on the amount used
4.
Education or Renovation Loans
Tailored for specific needs like schooling or home improvements.
5.
Short Term Loans
For individuals who want capital in a short period of time.
6.
FAQ About SONICLOANS
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We are a lender in Singapore offering personal, business, and consolidation loans.
We are a lender in Singapore offering personal, business, and consolidation loans.
We are a lender in Singapore offering personal, business, and consolidation loans.
We are a lender in Singapore offering personal, business, and consolidation loans.
We are a lender in Singapore offering personal, business, and consolidation loans.
Still have questions?
Can’t find the answer you’re looking for? Please chat to our friendly team.
Apply for a personal loan in Singapore,
follow these steps
1/
Compare Lenders
Research and compare interest rates, loan terms, and fees from banks and licensed moneylenders.
2/
Check Eligibility
Ensure you meet the lender’s minimum income and credit score requirements.
3/
Prepare Documents
Gather necessary documents like your NRIC, income proof (pay slips, CPF statements), and employment details.
4/
Submit Application
Apply online or at a branch, submitting the required documents.
5/
Loan Approval
If approved, review the terms before accepting the loan offer.
What documentation is required for a
personal loan in Singapore
1/ Identification:
NRIC (Singaporean/PR) or passport (foreigners).
2/ Income Proof
Latest 3 months’ pay slips, CPF contribution statements, or Notice of Assessment (for self-employed).
Why Trust SONIC LOANS
Through its marketplace, SONIC LOANS helps you shop around for personal loans without cost or commitment. We earn money when we help you find the best product, not by selling your data. The blog content we create is deeply researched to help you make an informed decision that’s right for you — our partner lenders have no editorial control over the articles we publish.
Flexible repayments
Choose your desired personal loan amount and tenure. Repay with fixed instalments over 3 to 60 months – it’s your call!
Some people also use personal loans to finance home renovations or start-up ventures.
Albert Flores
Thank You Lendela for your help. Very appreciated
1 day ago
Albert Flores
Apple
Great solution for my business financial needs. Thank you Fiza for the prompt assistance.
1 day ago
Albert Flores
Microsoft
Thanks for the guidance, Fiza.
1 day ago
Albert Flores
Meta
Great solution for my business financial needs. Thank you Fiza for the prompt assistance.
1 day ago
How Can Sonic Loans help you?
Personal loans in Singapore can help you with a variety of purposes, including covering emergency expenses, financing a wedding, education expenses, medical bills, travel or debt consolidation.