The Trust Instant Loan offers Singapore residents a convenient way to access fast cash with competitive interest rates from as low as 1.56% p.a. (EIR 3.00% p.a.). This loan is available to both new and existing Trust customers, with actual rates tailored according to your profile. Applicants can borrow for periods ranging from 3 to 60 months, making repayments easier and more predictable.

The application process is quick and straightforward, requiring only a few steps through the Trust App. There are no hidden or processing fees, and qualified applicants can receive funds in their Trust account within seconds of approval, providing a genuine solution for urgent financial needs.

Step-by-Step: How to Apply

1. Download and install the Trust App from your app store.
2. Register as a new customer or log in as an existing customer.
3. Apply for the Instant Loan feature under the “Money” section.
4. Select your loan amount and preferred tenure (3–60 months).
5. Review the final offer and confirm your application.
6. Receive instant cash in your Trust account upon approval.

Pros of Trust Instant Loan

One of the strongest benefits is the transparent low interest rate of 1.56% p.a., with no hidden or processing fees, making it attractive for budget-conscious borrowers. Flexibility is another plus, as customers can choose their preferred loan amount and repayment period, with a tenure up to 60 months.

Additionally, the loan provides instant fund disbursement, so you get access to cash within seconds—perfect for emergencies or urgent expenses. Early repayment is allowed, which can save you interest if you settle your loan before the scheduled completion.

Cons of Trust Instant Loan

The main limitation is that early repayments incur a 3% fee on the outstanding principal, which could be a drawback for those aiming to clear their loans ahead of schedule. Also, as with any loan product, actual rates offered may differ based on your personal credit profile, meaning not all customers receive the lowest advertised rate.

Applicants are required to have a minimum annual income of S$30,000 (for locals/PRs) or S$60,000 (for foreigners), so this loan is not accessible to everyone in Singapore.

Verdict: Is Trust Instant Loan Worth It?

Trust Instant Loan stands out for its swift approval, flexible repayment options, and competitive rates. The absence of processing and hidden fees ensures that you won’t be surprised by additional charges, while the fixed instalment system helps with budgeting. If you meet the eligibility requirements and appreciate a smooth digital experience, this loan is worth considering as a hassle-free and transparent borrowing option. It’s especially suitable for those needing funds quickly and keen to manage their repayments conveniently online.