POSB Loan Assist Plus

I Want To Apply Now

If you are looking for a loan and currently earning a minimum gross annual income of S$20,000, you can now apply for POSB Loan Assist Plus, a personal loan that grants you up to 2 times your monthly income.

Fixed interest rates and easy application
An affordable loan that offers fixed interest rates depending on your loan tenure. What's more, you don't need guarantor or collateral to apply.

Better control of your finances
Spread your loan over fixed monthly instalments with your choice of loan tenure between 1 to 5 years.

Affordable instalments from S$2.50† per day

Approved Loan Amount (S$) 3,000 3,500 4,000 4,500
Less 3% Processing Fee 3%
Less 1% Insurance Fee 1%
Disbursed Loan Amount 2,880 3,360 3,840 4,320
Loan Tenor AIR (% p.a.)^ EIR (% p.a.)* Your Monthly Repayment Amount (S$)
1-year 10 24.91 275.00 320.83 366.67 412.50
2-year 10 21.57 150.00 175.00 200.00 225.00
3-year 11 21.74 110.83 129.31 147.78 166.25
4-year 11 20.75 90.00 105.00 120.00 135.00
5-year 11 20.01 77.50 90.42 103.33 116.25

(These numbers are meant for illustrative purposes only and should not be taken to be a guarantee of the actual, future or likely figures.)

^Applied interest rate.
*Effective interest rate. (inclusive of 3% processing fee and 1% insurance fee)
Processing fee of 3% and Insurance fee of 1% each will be deducted upfront from the approved loan amount.

 †Calculation is based on loan amount of $3,000 over a repayment period of 5 years and 31 days per month.