Updated December 23, 2025
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Terms & ConditionsAnnual Interest Rate
Effective Interest Rate
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Minimum Loan Amount
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Check EligibilityTrust Bank is a digital bank in Singapore that was formed through a partnership between Standard Chartered and FairPrice Group. It has rapidly gained a strong reputation for its customer-centric approach and innovative financial solutions. Among its loan products is Instant Loan, a personal loan solution designed to provide quick and flexible financing options to Singaporeans, Permanent Residents, and foreigners with valid work passes.
The Instant Loan features competitive interest rates, starting from 2.22% per annum, with an Effective Interest Rate (EIR) of 4.22% per annum. Borrowers can choose loan amounts starting from S$500, up to their available credit limit, and select repayment tenures ranging from 3 to 60 months. The application process is streamlined through the Trust mobile app, enabling users to customise their loan amount, choose their preferred repayment tenure, and receive instant approval, with funds deposited into their Trust savings account within seconds. The actual interest rates offered may vary based on the individual’s credit risk assessment, and not all applicants may qualify for the lowest advertised rates.
Interest rates: The Instant Loan offers competitive interest rates, starting from 2.22% per annum and an Effective Interest Rate (EIR) of 4.22% per annum. The actual interest rate may vary based on the loan amount, tenure, and the borrower’s credit profile.
Loan amounts: Borrowers can access loan amounts starting from S$500 up to their available credit limit. This flexibility allows customers to borrow according to their financial needs without being burdened by larger loan amounts. citeturn0search0
Repayment terms: The Instant Loan offers flexible repayment periods, ranging from 3 to 60 months. Borrowers can select a repayment schedule that aligns with their budget and financial planning. citeturn0search0
Fees: Trust Bank does not impose processing or hidden fees for the Instant Loan. However, a 3% early repayment fee is charged on the outstanding principal if the loan is repaid early.
Credit score impact: As with any credit facility, borrowing and repayment activities are reported to the credit bureau, potentially affecting the borrower’s credit score. Timely repayments are essential to maintain a positive credit history.
The Trust Bank Instant Loan offers a flexible and convenient financing option with competitive interest rates, adaptable loan amounts, and repayment terms. Prospective borrowers should carefully consider these factors, associated fees and the potential impact on their credit score to ensure the loan aligns with their financial goals and circumstances.
All banks listed below are authorized financial institutions operating under MAS supervision and regulation. They comply with stringent banking standards, consumer protection guidelines and fair lending practices established by MAS. Bank loans typically offer lower interest rates compared to licensed moneylenders and are suitable for borrowers with good credit history.
*Today's Moneylenders Rates - 23 December 2025
Trust Bank operates with a straightforward fee policy: no processing or hidden charges, with only a 3% early repayment fee on outstanding principal.
| Loan Duration | AIR | Fee | EIR | Total Cost | Monthly Payment |
| 1 Year | 1.56% | $0 | 3.00% | S$10,156 | S$846 |
| 2 Year | 1.56% | $0 | 3.00% | S$10,312 | S$430 |
| 3 Year | 1.56% | $0 | 3.00% | S$10,468 | S$291 |
| 4 Year | 1.56% | $0 | 3.00% | S$10,624 | S$221 |
| 5 Year | 1.56% | $0 | 3.00% | S$10,780 | S$180 |
Trust Bank’s Instant Loan is open to individuals aged between 21 and 65. Eligibility extends to Singapore Citizens, Permanent Residents, and foreigners holding valid work passes, ensuring access to a broad demographic seeking flexible financial solutions. Applicants must possess a Trust credit card with sufficient available credit limit to qualify for the Instant Loan.
Singapore citizens and permanent residents must have a minimum annual income of S$30,000, and foreigners with valid work passes must have a minimum annual income of S$60,000.
During the application process, individuals must provide identification and income verification documents. This typically includes a front and back copy of the NRIC or valid work pass and recent income statements, such as e-payslips or the CPF contribution history for the last six months, which can be submitted via the MyInfo platform for convenience.
All Instant Loan applications undergo an evaluation process aligned with the bank’s internal requirements, including assessing the applicant’s credit profile and eligibility.
Trust Bank does not charge processing or hidden fees for the Instant Loan. However, a 3% early repayment fee is charged on the outstanding principal if the loan is repaid early.
For larger loan amounts, the absence of processing and hidden fees makes Trust Bank’s Instant Loan a cost-effective choice. For example, obtaining a S$10,000 loan would not incur additional fees beyond the interest charges, enhancing the loan’s affordability.
Visit the ROSHI marketplace and use the Trust Bank site link.
With Singpass Myinfo Trust Bank will obtain your verified information including your income and reduce the application process. The approval page will appear within minutes of submitting your myinfo details.
As per bank requirements, documents are required for revision and approval.
The list of documents include:
Settle all fees (option fee, option exercise fee to the seller as well as the relevant buyer’s stamp duty fee in case you are purchasing a private property).
On approval your confirmed loan amount will be disbursed in 15 minutes (business days only)
Starting from 2.22% per annum, with an Effective Interest Rate (EIR) of 4.22% per annum
Borrowers can access loan amounts starting from S$500 up to their available credit limit.
Repayment periods range from 3 to 60 months, allowing borrowers to select a schedule that aligns with their financial planning.
Trust Bank does not impose processing or hidden fees on instant loans.
The application process is streamlined through the Trust mobile app, enabling users to receive instant approval.
If the loan is repaid early, a 3% early repayment fee is charged on the outstanding principal amount.
The actual interest rate offered may vary based on the loan amount, tenure, and the borrower’s credit profile.
Applicants must possess a Trust credit card with sufficient available credit limit to qualify for the Instant Loan.
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