What Is a Loan for Foreigners in Singapore?
A loan for foreigner in Singapore – personal financing options refers to financial support provided by lenders in Singapore that is specifically designed to help foreigners access money for their personal needs while living or working in the country.
In a diverse city like Singapore, where many people from different countries settle temporarily or long term, these loans represent a way for newcomers to connect with local financial services and feel more integrated into everyday life.
For some expats, using a foreigner loan is linked to practical goals such as paying for relocation costs, managing unexpected expenses, or supporting lifestyle needs while adjusting to a new environment.
Which lenders provide loans to foreigners in Singapore ?
Here’s a detailed overview of lenders that offer loans to foreigners in Singapore, including banks, licensed moneylenders, and brokers, along with key eligibility requirements based on current sources:
Lenders Offering Loans to Foreigners in Singapore
1. Standard Chartered – CashOne Personal Loan
Standard Chartered Singapore offers the CashOne Personal Loan to foreigners who hold an Employment Pass, with eligibility requirements including:
- Age 21 and above
- Minimum annual income of S$90,000
- Valid Employment Pass
2. UOB (United Overseas Bank)
UOB provides personal loan options for foreigners living and working in Singapore, with loan limits of up to S$100,000 or 95% of credit limit and interest rates beginning around 2.88% p.a.
3. HSBC – Personal Line of Credit / Instalment Plan
HSBC offers credit solutions for foreigners in Singapore with the following criteria:
- Employment Pass valid for at least 6 months (or 12 months for instalment plans)
- Minimum annual income: S$60,000 for foreigners
Supporting documents include NRIC, pay slips, bank statements, or Notice of Assessment
4. DBS / POSB Personal Loan
Foreigners with an existing DBS Cashline or credit card account may apply for a personal loan, subject to:
- Age 21–70 years
- Minimum income S$20,000 annually
Required to have a DBS deposit account for disbursement
5. Trust Bank – Instant Loan
Foreigners with a valid work pass and minimum income of S$60,000 can access an instant loan from Trust, converting credit card limits into a loan product.
6. Lending Bee
Lending Bee is a licensed moneylender offering flexible, unsecured personal loans to foreigners in Singapore.
7. CashMax Credit Pte Ltd
CashMax extends personal loans to foreigners residing and employed in Singapore, offering:
- Interest rates starting from 1% per month (~12% per annum)
- Loan amounts up to 6 times monthly income, capped at around S$3,000–S$5,000 depending on income
8. Orange Credit (Licensed Money Lender)
Orange Credit provides foreigner loans tailored to those living, working, or studying in Singapore. Borrowers may require a guarantor and must remain in the country for the loan’s duration.