EMI Calculator Singapore
Work out your monthly loan instalment in SGD, see the total interest, and compare it against rates Singapore banks actually publish.
Click any bank to use their rate. Green = best deal
See how changes affect your loan
How is EMI calculated?
EMI = P × r × (1+r)n / ((1+r)n - 1). P = loan amount, r = monthly rate, n = months. Our calculator does this instantly.
What's a safe EMI-to-salary ratio?
Keep total EMIs under 40-50% of salary. Banks use Debt Burden Ratio (DBR) — UAE banks cap at 50%.
Longer tenure = lower EMI?
Yes — but you pay more total interest. A 5-year loan costs less overall than a 10-year loan at the same rate.
Loan interest rates in Singapore
Buzdy tracks 3 banks in Singapore with 69 branches across 5 cities. EMI results on this page are shown in SGD. The rates below are the ones those banks publish — use them in the calculator instead of a guess.
Credit card interest rates in Singapore
Relevant if you convert a card purchase into monthly instalments. 21 cards with a published rate.
Worked example — repaying SGD 100,000 of card balance over 5 years in Singapore
- Balance
- SGD 100,000
- Rate used
- 1.6% a year
- Tenure
- 60 months
- Monthly EMI
- SGD 1,735
- Total interest
- SGD 4,120
Rate taken from DBS Altitude Visa Signature (DBS Bank) — the lowest published credit card rate we hold for Singapore. Buzdy does not yet hold personal loan rates for Singapore, so this uses card interest — the rate that applies when you convert a purchase to instalments or carry a balance. Change the numbers in the calculator above for your own case.
Banks we track in Singapore
Keep going in Singapore
Guides for Singapore
Singapore — frequently asked questions
What does SGD 100,000 on a credit card cost per month in Singapore?
At 1.6% a year over 60 months the instalment works out at about SGD 1,735, or SGD 4,120 of interest in total. That rate comes from DBS Altitude Visa Signature by DBS Bank, the lowest published credit card rate Buzdy holds for Singapore. We do not yet hold personal loan rates for Singapore — bank loan rates are usually well below card rates.
What interest rate do credit cards charge in Singapore?
Across the 21 cards with a published rate in Singapore, quoted rates run from 1.6% a year to 20% a year. Card interest only applies if you carry a balance past the interest-free period.
Where can I apply for a loan in Singapore?
Buzdy maps 69 bank branches in Singapore across 5 cities. Open the branch directory to find the nearest one to you.
How is EMI calculated?
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the amount borrowed, r the monthly rate (annual rate ÷ 12 ÷ 100) and n the number of months. The calculator above uses exactly this formula.