Trust Bank is offering an Instant Loan tailored for Singapore residents who need quick access to cash without the fuss of traditional loan processes. With rates starting from just 1.56% p.a. (EIR from 3.00% p.a.) until 31 January 2026, this offer is especially competitive for those seeking affordable personal loans.

Existing Trust customers enjoy preferential rates, while new customers are also eligible to apply, broadening the appeal of this loan solution. All applications are subject to Trust Bank’s standard credit checks and eligibility requirements.

Applicants can choose repayment terms ranging from 3 to 60 months, giving flexibility over how the loan fits their budget. There are no processing costs or hidden charges, just a transparent early repayment fee if you clear your balance ahead of time.

Step-by-Step: How to Apply for Trust Bank Instant Loan

1. Download the Trust Bank app on your smartphone and complete your registration.

2. Check your eligibility—users must be 21 to 65 years old and meet income requirements (S$30,000 for citizens/PR, S$60,000 for foreigners).

3. In the app, select the Instant Loan feature and indicate your desired loan amount and repayment period.

4. Submit your application for review. Approval is instant if you qualify, with funds deposited directly into your Trust savings account within seconds.

5. Manage repayments easily via the app, with clear visibility on your outstanding balance and the option for early repayment anytime.

Pros of the Trust Bank Instant Loan

The standout benefit is extremely fast approval and disbursement—applicants can access cash in less than a minute after approval, which is virtually unmatched.

Interest rates from 1.56% p.a. are among the lowest in Singapore, making this loan appealing for cost-conscious borrowers seeking affordability.

There are absolutely no processing fees or hidden charges, which minimises surprise costs and enhances transparency for users.

The flexible repayment tenure allows borrowers to select a time frame that best suits their financial situation, ranging from 3 to 60 months.

Early repayment is possible, letting you save on interest if you choose to settle your debt ahead of schedule, though a 3% early repayment fee applies.

Cons of the Trust Bank Instant Loan

The best listed interest rate is typically available only to existing customers—and not guaranteed for every applicant, as final rates depend on your personal credit profile.

The 3% early repayment fee on the outstanding principal can penalise those keen to pay off their loan early, potentially offsetting some interest savings.

Income thresholds (S$30k for citizens/PRs, S$60k for foreigners) may exclude lower-income applicants from accessing this product.

The loan amount may be limited by your available credit balance, especially for customers new to Trust Bank or with lower credit limits.

As with any financial product, approval is subject to the bank’s credit checks and requirements, which means not all applicants will qualify.

Verdict: Should You Consider Trust Bank Instant Loan?

Trust Bank Instant Loan stands out for its simplicity, super-fast access to funds, and attractive low rates, especially for existing customers. It is an excellent option for those who value speed and transparency, needing immediate financial support without processing fees.

However, the early repayment fee and eligibility criteria may deter some potential applicants. Overall, if you fit the profile and appreciate straightforward, app-based banking, this loan is a competitive offer worth considering.