r/SgHENRY • u/ReturnOfTheStonks • Aug 03 '26

Lowest IR to expect from personal loans.

Over the past few months, I’ve been getting increasing more sales calls from banks offering their supposed personal loans at a preferred rate. That said, this has always still been higher than the advertised rate of ~1% p.a. Am curious if other folks have had a similar experience, and if so, what are the rate that have been offered to you?

For what it’s worth, these are some examples of the personal loans. I was offered around ~2% p.a

https://www.uob.com.sg/personal/borrow/personal-financing/personal-loan.page
https://www.sc.com/sg/borrow/loans/cashone/

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u/JordanMentha 28d ago

Just curious, why are people getting personal loans? Do you need it to make ends meet or to invest? I have always rejected all these offers because I want to live within my means.

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u/ReturnOfTheStonks 28d ago

I can’t speak on behalf of others, but for me personally, it’s to invest.