Trust Bank Instant Loan
Instant approval, with rates as low as 1.08% p.a. (EIR 2.43% p.a.). Flexible repayments, easy management, and fast deposit to your account.
The Trust Bank Instant Loan offer stands out in Singapore with low starting rates at 1.08% p.a. (EIR from 2.43% p.a.), available to both new and existing customers. Loan tenures range from 3 up to 60 months, catering to a broad range of financial needs. Importantly, for existing customers, the 0.88% first-year annual fee is factored into the effective interest rate. Eligibility extends to citizens, PRs, and foreigners meeting specific income requirements, positioning this personal loan as accessible to many.
Step-by-Step Application Guide
- Download and install the Trust App.
- Register or log in with your personal details.
- Navigate to the Instant Loan section.
- Select your desired loan amount and repayment term.
- Complete a short eligibility check and submit your application.
- Receive approval promptly and funds directly to your Trust account.
Advantages of This Loan
One strong advantage is the highly competitive interest rate from just 1.08% p.a., translating to relatively low monthly repayments compared to many traditional banks. Approval is often instant, letting applicants access much-needed funds within minutes. Flexible tenures allow customers to tailor their loan terms for manageable budgeting.
Downsides to Consider
A key drawback is the early repayment fee of 3% charged on the outstanding principal if you repay the loan before the agreed term. Loans originated after February 2026 will also incur a 0.88% annual fee and possibly additional charges if minimum payments aren’t consistently met. Always check the actual rate offered in the app as it may differ based on your credit profile.
Unser Urteil
Trust Bank’s Instant Loan is a compelling option for those needing fast, reliable funds at some of the lowest advertised rates in Singapore. While there are a few fees to consider, especially for early repayment, the transparency of terms, simple process, and wide eligibility make it an attractive choice for many borrowers.
