If you're seeking a fast, flexible, and transparent personal loan in Singapore, Trust Bank's Instant Loan is a compelling option. Designed for both new and existing customers, this digital loan solution offers competitive rates, rapid disbursement, and user-friendly features—all accessible through the Trust App.
One of the standout features of the Trust Instant Loan is how quickly you can get access to funds. Approval is typically granted within 60 seconds for existing Trust credit cardholders, and once approved, funds are deposited instantly into your Trust savings account. The application process is fully digital, requiring no paperwork or branch visits.
One of the key things to note is that if you want to transfer the money out to another account, do make sure not to use “investment” as the reason for transfer as they might think you got scammed and will put your account on hold. That means you got the money, will be paying the interest but unable to use the cash.
Trust offers a promotional interest rate starting from 2.22% p.a. (EIR from 4.22% p.a.), valid until 31 May 2025. However, actual rates are personalized based on your credit profile, loan amount, and selected tenure.
Borrowers can choose from a range of 3 to 60 months for repayment, depending on their financial goals. The loan amount ranges from S$500 up to your available Trust credit card limit, minus a buffer for card purchases.
Trust Bank does well in keeping its fees clear:
To qualify for a Trust Instant Loan, you must:
For a S$10,000 loan over 1 year at Trust’s starting rate of 2.22% p.a.:
While Trust Instant Loan offers strong features, it’s worth comparing it with GXS Flexiloan, another leading digital loan option in Singapore.
Unlike Trust, which requires you to apply for a credit card, GXS lets users apply directly without needing an additional credit facility—making the process more straightforward for first-time borrowers.
Both loans act like credit lines—you can draw down as needed, giving you control over how much you borrow and when.
GXS Flexiloan starts from a lower promotional rate of 1.88% p.a., slightly cheaper than Trust’s 2.22% p.a. That said, both banks advertise their lowest possible rates, and not everyone will qualify—so it’s important to check your personalized offer.
There are no processing fees for either product. However, the big difference lies in early repayment.
GXS also offers balance transfers, which can help users with lumpy or inconsistent cashflows. Trust’s current offering is limited to its Instant Loan, which may not be suitable for everyone.
Trust Bank’s Instant Loan stands out for its speed, digital convenience, and personalized flexibility, especially for customers already within the Trust ecosystem. But for those prioritizing ease of entry, lower early repayment risks, and broader features, GXS Flexiloan might still be the better all-round option.
Before committing, be sure to compare actual approved rates and understand the terms that apply to your specific profile. The best loan is not just about the lowest rate—it’s also about how well the product fits your financial habits and goals.
.png)
.png)
