Lending interest rate (%) - Singapore. International Monetary Fund, International Financial Statistics and data files. License CC Line Bar Map. None. Aggregates. Same region. Similar values. Highest ;· Prime Lending Rate: Numeric (Percent) % 2: Banks Fixed Deposits 3 Months: Numeric (Percent) % 3: Banks Fixed Deposits 6 Months: Numeric (Percent) % 4: Banks Fixed Deposits 12 Months: Numeric (Percent) % 5: Banks Savings Deposits: Numeric (Percent) % 6: Finance Companies Loans - Hire Purchase of New Vehicles For 3 Years: Numeric (Percent) % 721/08/2018 · Borrowers in Singapore need to know the updated interest rates implementation that was placed at the 4 percent cap effective October 2015. The cap limits moneylenders to the 4 % …Interest Rates: Banks and moneylenders express these in percentages. Some interest rates apply per year or per day (in the case of payday loans). These are added fees using the principal or unpaid amount as the basis. Late Payment Penalties: If you’re late repaying your loan, banks and moneylenders will make you pay for it. Late payments are usually less than S $15 with money lenders because they cannot charge beyond a total of S $60 inclusive of all other fees listed here except Authority of Singapore - Interest Rates of Banks Lending Bee® Licensed Money Lender Singapore | Larger LoansAverage Interest Rates at Licensed Money Lenders in SingaporeNew Regulations for Moneylenders in Singapore Unsecured personal loans of up to $300K, Lending Bee is the top legal moneylender with 4 branches in Singapore. Lower interest rates. Call us now at Credit - licensed money lender & company in Singapore offering low interest rates along with a wide variety of legal credit loan ;· Credit 21 offers one of the lowest interest rates for loans in Singapore. We commit ourselves to offer the best loan terms and services to our valued customers. Getting a loan quote from us is free and easy. We understand that time is precious and that sometimes, we urgently need What are the interest rates moneylenders can charge? With effect from 1 October 2015, the maximum interest rate moneylenders can charge is 4% per month. This cap applies regardless of the borrower’s income and whether the loan is an unsecured or secured maximum effective interest rate (EIR) per year for borrowers earning less than $30,000 per year. No interest rate cap for borrowers earning $30,000 per year or more: 4% maximum nominal interest rate (NIR) per month: Late interest tagged to interest rate per month: 4% maximum late interest rate per month: No cap on late fees
