If you’re looking for a personal loan in Singapore with extremely low rates and no hidden charges, the Trust Bank Instant Loan is a standout choice. Featuring a rate as low as 1.56% p.a. (EIR from 3.00% p.a.), this offer is available to both new and existing Trust credit card holders from now till 31 January 2026.

Applicants enjoy the flexibility of selecting repayment terms ranging from 3 to 60 months. In addition, you’ll benefit from fast approval: funds are credited straight into your Trust savings account within seconds after approval. For Singaporeans, PRs, and even foreigners with qualifying income and age, eligibility is straightforward.

Step-by-step: How to Apply

1. Download the Trust App via the App Store or Google Play.
2. Sign up or log in with your Trust account details.
3. Check your credit card available limit for eligibility.
4. Select your desired loan amount and repayment period.
5. Review the offer and submit your application for instant approval.

Key Pros

The headline advantage is the low interest rate, starting at just 1.56% p.a. (EIR 3.00% p.a.), which is among the lowest in Singapore for personal loans. Additionally, there are no processing or hidden fees—ideal for those who hate surprises when it comes to cost. Approval is instant and funds are deposited rapidly, making it convenient for urgent cash needs.

Flexible repayment periods ranging from 3 to 60 months put you in control of your finances, and you can save further by making early repayments anytime (subject to an early repayment fee).

Key Cons

Eligibility requirements can limit access for some applicants. Only those with sufficient available credit on a Trust credit card and a minimum required income can apply.

The actual interest rate you receive may be higher depending on your credit profile. Also, early repayment incurs a 3% fee on outstanding principal, which can offset some of the savings if you plan to pay off early.

Verdict

For those who qualify, the Trust Bank Instant Loan stands out for its transparent costs, competitive interest rates, and very fast approval. If you’re seeking extra cash without hassle or unnecessary fees, this loan is a strong contender to consider for your financial needs in Singapore.