Estimate Your Singapore Personal Loan Repayments in 2026
Use the calculator below to estimate your monthly loan repayments. Adjust the loan amount, interest rate, and tenure to see how different scenarios affect your monthly instalment and total cost.
Licensed lenders only. Free. No sales calls.
*Estimates based on the information provided. Actual rates are subject to lender approval and may vary. Why might my application be declined?
How to Use This Calculator
- Enter the loan amount you wish to borrow
- Set the interest rate — licensed lenders charge 1–4% per month
- Choose the tenure — repayment period in months
- See your results — monthly instalment, total interest, and total repayment
Understanding the Numbers
Monthly Instalment
The fixed amount you'll pay each month, covering both principal repayment and interest. This stays the same throughout your loan tenure.
Total Interest
The total amount of interest you'll pay over the full loan period. Shorter tenures mean less total interest but higher monthly payments.
Total Repayment
The complete amount you'll repay — your original loan amount plus all interest charges. This is the true cost of your loan.
Rate Guide
| Lender Type | Interest Rate | Notes |
|---|---|---|
| Banks | 3–9% p.a. (flat) | EIR typically 6–18% p.a. |
| Licensed Lenders | 1–4% per month | On reducing balance |
| Credit Cards | 25–28% p.a. | Revolving balance |
Ready to Compare Real Rates?
This calculator gives you estimates. For actual personalised offers from licensed lenders, compare on PickMeALoan — it's free, private, and takes under 5 minutes.