Trust Bank review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Trust Bank suits adults in Singapore with a qualifying income who want small, fixed-rate borrowing and money in their account the same day. Its instant loan runs at an APR of 2.28% with 0.88% first year annual fee on loan amount in the first year, and a credit line sits alongside personal and consolidation loans.

Key facts

Best for
Small fixed-rate borrowing in Singapore with funds landing in the savings account in seconds.
APR
2.28% (Source, checked September 26, 2026)
Loan amount
SGD 500 (Source, checked September 26, 2026)
Term
3 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0.88% first year annual fee on loan amount (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
deposited into your Trust savings account in seconds (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
No (Source, checked September 26, 2026)
Eligibility
Age 21-65; annual income S$30,000 for Singapore citizen or permanent resident, S$60,000 for foreigner with a valid work pass (Source, checked September 26, 2026)
Origination fee (%)
0.88% (Source, checked September 26, 2026)
Loan types
Personal, Credit-line, Debt-consolidation (Source, checked September 26, 2026)
Legal entity
Trust Bank Singapore Limited (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Support channels
Help-centre, Chat, Phone (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding, Credit line
Official website
trustbank.sg

Mortgages

Lender type
Direct lender (Source, checked September 26, 2026)
Legal entity
Trust Bank Singapore Limited (Source, checked September 26, 2026)
Headquarters
Singapore (Source, checked September 26, 2026)
Support channels
Help-centre, Chat, Phone (Source, checked September 26, 2026)

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedIninstagram.comyoutube.comfacebook.com

Pros and cons

Pros

  • APR of 2.28% ranks 44 of 350 brands on price, on a fixed rate loan structure.
  • Funds are deposited into your Trust savings account in seconds, so bills are covered today.
  • Lends as a direct lender across personal, credit line and debt consolidation loans, with support on help centre, chat and phone.

Cons

  • Free early repayment: no, so clearing the balance ahead of schedule does not save money.
  • A hard credit check, the same approach taken by 72.7% of the lenders listed here.
  • The personal, credit line and debt consolidation range holds no secured loan, so all borrowing here stays unsecured.
Trust Bank

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Scored 9.0 / 10 by BorrowCue.

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Who it suits

  • Adults in the stated age range who meet the income test, including work pass holders.
  • Savings customers who want the loan paid into the Trust savings account they already hold.
  • Debt consolidation borrowers who want one lender, a fixed rate and a single monthly repayment.

Who should look elsewhere

  • Borrowers hoping to clear the balance early, since free early repayment is no for them.
  • Applicants with a thin credit file, since the check is hard rather than a soft search.
  • Borrowers shopping on the rate band alone, who may prefer Monzo Flex or Cashspace instead.

Who runs it

Trust Bank is Trust Bank Singapore Limited, based in Singapore. Support runs on help centre, chat and phone, so a help centre, a live chat and a phone line are all listed for questions about an application, a repayment or a fee. The same named bank lends the money and handles the support side, which keeps the counterparty in one place.

How Trust Bank compares

Where Trust Bank is available

Available
Singapore

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a Trust Bank instant loan cost?+

The instant loan is priced at an APR of 2.28%, which sits low among the brands listed here. The first year also carries 0.88% first year annual fee on loan amount on the amount borrowed, so the headline rate is not the whole cost. Both figures belong side by side in any comparison.

What fees apply to a Trust Bank loan?+

The fee to watch is 0.88% first year annual fee on loan amount, charged on the loan amount in the first year. Alongside the APR of 2.28% it makes up the cost of a Trust Bank loan. It sits on the balance rather than on the rate, so a longer stay carries more of it.

How fast is money paid out?+

Approved money is deposited into your Trust savings account in seconds, which matters to anyone paying a bill the same day. Same-day funding is listed among the features of the instant loan, next to the credit line option, so a further draw is possible on the same account.

What credit check does Trust Bank run?+

Trust Bank runs a hard credit check, the approach shared by 72.7% of the lenders listed. Expect a full file search rather than a quick soft prequalification, which matters most for anyone with a thin credit record.

Can I repay a Trust Bank loan early without a charge?+

Free early repayment: no. The instant loan does not carry a free early settlement option, so finishing ahead of schedule does not lower the cost. Borrowers who expect to clear the balance quickly may prefer a lender that lists free early repayment as yes.

Who can apply for a Trust Bank loan?+

Applicants must be adults within the stated age range, with annual income of at least a set threshold for Singapore citizens and permanent residents and a higher threshold for foreigners holding a valid work pass. That income test comes first, ahead of the hard credit check.

How do I contact Trust Bank about a loan?+

Support runs on help centre, chat and phone, so a help centre, a live chat and a phone line are all listed. A chat or phone call suits anything urgent, such as a payment date or a fee query, while the help centre covers routine questions on the loan.

Sources

Compiled from 6 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Representative example.

Trust Bank

Trust Bank

Small fixed-rate borrowing in Singapore with funds landing in the savings account in seconds.

9.0/10See alternatives

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