Personal Loan

No frills. No fuss. Introducing the HL Bank Personal Loan.

Enjoy one of the lowest interest rates around town on your personal loan with the new HL Bank Personal Loan. Planning for your dream future with loved ones has never been this easy.

What is the HL Bank Personal Loan?

Easy access to ready cash. The HL Bank Personal Loan offers you cash of up to 4x your monthly income and one of the lowest interest rates to unlock life’s precious moments.

What benefits will I enjoy?

Loan amount
Borrow up to 4 times your monthly salary.
Fuss-free payment methods
Don't have an account with us? Don’t worry. An iSavings account will be opened so you can make easy repayments. We’ll also set up HL Bank Connect to allow you quick access to your banking details anytime.
Flexible repayment
Choose from a loan tenure of between 1 year and 5 years to repay your loan.
Interest rate
An interest rate from 5.5% p.a. (EIR: 10.66% p.a.) to 7.5% p.a. (EIR: 14.00% p.a.).*
One-time processing fee
A one-time processing fee of 1.5% on the approved loan amount or a minimum of $100 (whichever amount is higher). This fee will be debited from the Personal Loan account when we disburse the loan.
Easy application
Apply Now or visit us at our branch for further assistance.

What it works?

Here’s an example of how much your monthly instalments will be, depending on the tenure selected. This example assumes a loan amount of $11,000 and an interest rate of 5.5% p.a.:

# The interest rate is calculated based on the approved loan amount of $11,000.
+ The effective interest rate (EIR) is calculated taking into consideration the applicable one-time processing fee of 1.5% or minimum $100, whichever amount is higher, and based on the approved loan amount and the respective loan tenure.
^ Monthly instalment amounts are calculated based on a fixed monthly instalment payment option and are for illustration purposes.


Fees and charges

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

Do I qualify?

To apply, you must be:

  • A Singapore citizen or a Singapore permanent resident,
  • Aged between 21 – 60 years old,
  • Earning a minimum annual income of S$30,000

Great! How do I apply?

  1. Apply Online or
  2. Approach one of our relationship managers at our branch:
    7 Wallich Street
    #B1-25 and #B1-26 Tanjong Pagar Centre
    Singapore 078884
  3. Download application form

Documents To Submit

  1. View Mandatory Documents

Important Information

  1. Terms and Conditions Governing Personal Loan
  2. Frequently Asked Questions
To qualify for the HL Bank Personal Loan (“PL”), applicants must be: a Singapore citizen or a Singapore permanent resident; aged between 21 years old and 60 years old; earning a minimum annual income of S$30,000.
* The interest rate for the PL with HL Bank will be determined based on applicant’s risk profile and such rate(s) will be indicated in the approval letter which may differ from the published rate. The effective interest rate is calculated taking into consideration the applicable one-time processing fee of 1.5% or minimum S$100, whichever amount is higher; and based on the approved loan amount of $11,000 and a loan tenure of 5 years.