Trust Bank’s Instant Loan is currently available with interest rates starting as low as 1.08% p.a. (EIR from 2.43% p.a.) for both new and existing customers in Singapore. Borrowers can enjoy flexible repayment periods of 3 to 60 months. An initial annual fee of just 0.88% applies on the first year for loans taken after February 2026. The loan is designed to be accessible and convenient, with no annual fees for those who apply before February 2026.

This loan offer allows eligible customers—including Singaporeans, Permanent Residents, and valid work pass holders—to convert part of their Trust credit card balance into cash almost instantly. Approval and disbursement typically happen in under 60 seconds straight into your Trust savings account, which is especially useful during emergencies or for planned expenditures.

How to Apply: Step by Step

1. Download the Trust mobile app and sign up, or log in if you are an existing customer.

2. Ensure you have a Trust credit card and sufficient available credit.

3. Go to the Instant Loan section within the app and enter your desired loan amount and repayment period.

4. Review the summary of your rate, first year fee, and monthly instalments.

5. Confirm and submit your application to receive the funds instantly upon approval.

Key Advantages

One clear benefit is the low starting interest rate from just 1.08% per annum. This makes borrowing cost-effective compared to typical personal loans.

Another benefit is the quick approval process. You can get your funds in seconds, with no lengthy waits or paperwork involved, ideal for urgent needs.

Potential Disadvantages

Early loan repayment is subject to a 3% fee on the outstanding principal, which could deter some who want to pay off loans quickly.

Depending on your personal credit evaluation, the actual rate offered may be higher than the advertised 1.08% p.a., especially for newer customers or those with a lower profile.

Our Verdict

Overall, Trust Bank’s Instant Loan is a solid choice for eligible individuals who value speed, low entry rates, and repayment flexibility. It suits both disciplined planners and those facing temporary shortfalls.