Personal Loan

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Personal Loan

 

Take advantage of our low interest rate from 3.98% p.a.* (EIR: 8.22% p.a.)

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Overview

  • Overview
  • Application Form
  • Eligibility
  • Fees & Charges
  • Terms & Conditions
  • FAQs

Low Interest Rate

Low interest rate from 3.98%p.a. (EIR from 8.22%p.a. to 15.14%p.a.)

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Loan Amount

Loan up to 4x of your monthly salary.

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Flexible Loan Tenor

Choose a loan tenor of between 1 to 5 years.

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Fuss-free Payment Method

A HL Bank Savings account will be opened for your easy repayment.

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One-time Processing Fee

A one-time processing fee of 1.5% of approved Loan Amount, subject to a minimum fee of S$100, applies.

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HL Assurance Home Contents Insurance

Safeguard your home contents up to S$10,000 against unexpected situations such as fire and flood, complimentary for 6 months.
(Underwritten by HL Assurance)

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(Promotion ends 30 June 2023)



Find out how much your monthly repayment could be...

Monthly repayment

0

One-time processing fee (1.5%)

0

Interest Rate

3.98%p.a.

Effective Interest Rate*

0

*This calculator is intended as a guide for reference only. A processing fee of 1.5% of approved loan amount, subject to a minimum fee of S$100, will be charged upfront.




Here's an example of how much your monthly instalment is

Borrow  Tenor Flat Rate  Effective Interest Rate¹ 
Monthly Instalment² 
S$20,000 1 year  3.98%p.a. 10.12%p.a.
S$1,733
2 years 3.98%p.a.
8.96%p.a.
S$900
3 years  3.98%p.a.
8.50%p.a.
S$622
4 years  3.98%p.a.
8.22%p.a.
S$483
5 years  3.98%p.a.
8.02%p.a.
S$400

¹ Effective interest rate (EIR) is calculated based on 4 years loan tenure and average loan size of S$20,000.

² Monthly instalment amounts are calculated based on a fixed monthly payment options and are for illustrative purposes only. Actual figures may vary.


Terms and Conditions apply

¹

Deposit Insurance Scheme ("DI Scheme") 

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. 

 

Personal Loan Application Form


Drop us the application form at loansales@hlbank.com.sg or at the HL Bank branch during the following hours.

Alternatively, you can mail us the form. 

Between 21 to 60 years old


A Singapore citizen or permanent resident

Earning a minimum annual income of S$30,000



Fees Description 
Processing Fee  A one-time processing fee of 1.5% of approved Loan Amount, subject to a minimum fee of S$100, applies
Late Fee S$80
Early/Full Repayment Fee* 3% of outstanding loan amount or S$200, whichever is higher 
Overdue/Default Interest  5%p.a. plus HL Bank prime rate, the monthly instalment will be charged with this default interest rate when the monthly instalment is not made 

* 1 month interest in lieu will be charged if redemption is done immediately


Complimentary 6 Months Home Contents Insurance Terms and Conditions

Standard Terms & Conditions of Governing Personal Loans

Standard Terms & Conditions of Accounts

Electronic Signature Terms and Conditions

Terms & Conditions for iSavings Account Bonus Rate Promotion

Additional Terms & Conditions Governing iSavings Account


HL Bank Personal Loan FAQ's


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External Link Disclaimer

If you click ‘Continue’, you will leave the HL Bank website to access a third party website ("Third Party Website").

HL Bank has no control over the Third Party Website and has no liability in connection with your use of the Third Party Website.

HL Bank is not liable for how any information you may provide on the Third Party Website is handled or treated, or for any loss incurred in connection with you accessing the Third Party Website. HL Bank makes no warranties, representations or undertakings about the Third Party Website.

 

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