Personal Loan
How Much Can You Borrow? Personal Loan Limits in Singapore
Find out how banks calculate your maximum personal loan amount in Singapore and what you can do to borrow more.
Lendela Team ·
MAS income-based limits
The Monetary Authority of Singapore (MAS) sets a borrowing cap for unsecured credit. For most borrowers, the total unsecured credit across all lenders cannot exceed 12 times your monthly income.
Bank-specific policies
Individual banks may apply stricter caps. A common rule of thumb is 4–6 times your monthly income per personal loan.
How to calculate your limit
If you earn S$4,000 per month, your maximum unsecured credit is S$48,000 (12x). However, this is the aggregate cap across all credit cards and personal loans — not just one lender.
What if I’m near the cap?
- Pay down existing credit card balances before applying.
- Consolidate existing loans using a Debt Consolidation Plan (DCP).
- Consider extending your loan tenure to reduce the monthly instalment.