We all need personal loans for different purposes. We need loans for our education, for purchasing some property or for setting up a business. Different financial institutions are there to provide us with the loans but we need to choose the best one for ourselves. We need to look which bank is offering the best facilities, coverage and the rate of interest. However this task is not very simple. Everybody needs to be careful before he or she opts for personal loans.

In Singapore different banks are offering loans. GE Singapore offers personal loans. When the loan amount is S$15000 for 36 months, the customer needs to pay a monthly installment of $525. They save an amount of $23 every month. The usual rate for monthly installment is $548. Thus a total amount of $1326 is being saved.

HSBC is another leading bank which also offers personal loans. There the interest rate is 13.8% per annum. This rate is fixed for the loan tenure is from one to five years. They don’t charge any processing and annual fees. So for personal loans this bank is one of the best options.

May bank .com is another organization which provides personal loans. The interest rate is 11.88% per annum for 2 years. Then the interest rate becomes 17.8% per annum.

Bank of Singapore provides certain basic facilities attached with the personal loan. For instance if you take a personal loan they would give you facilities such as overdraft facility, mortgage loans and various others.

Thus in Singapore we can see different banks are offering personal loans to their citizens. More over all of them have different interest rates. So now it has become much easier for the citizens of Singapore to fulfill their dream project. As there are different banks offering them various kinds of loans so all they need is to compare is the rates of interest while applying for a personal loan to a particular bank.