Calculate monthly repayments
for a personal loan with
Accredit’s personal loan calculator.
This calculator can help you to work out how much your personal loan repayments will be, how much you can borrow, interest rates, and how you can repay your loan sooner.
Trusted Licensed Money Lender in Singapore
Accredit® provides flexible loans with quick approval, making it a go-to solution for immediate funds.
How it works
Just 3 Simple Steps
to get you started on your way to fast cash loans!
Get a Quote
Submit your loan application information online, where ever you are! Get an indicative pricing to have an estimate about the loan repayment terms available
Get Your Approval
Our Credit Systems makes approval a fast and instantaneous process. Our officers will contact you to make an appointment if your application is successful.
Get Your Money
Visit our branch with the necessary documents and get your money immediately! No waiting around and get your cash on the same day.
How to use our personal loan calculator
- Enter the amount you want to borrow with a personal loan.
- Adjust the interest rate to 4% or lower. When borrowing with a licensed moneylender like Accredit, the interest rate for the loan will not exceed 4%, in line with regulations set by the Ministry of Law.
- Adjust the loan term. A longer loan term leads to smaller monthly repayment amounts. A shorter loan term can be repaid quicker, but with higher repayment amounts.
The results of the personal loan calculator will provide an estimate for the monthly repayment and total interest payable over the loan term. By comparing the repayment amount with your income, you can determine if the personal loan is a good fit for your financial circumstances.
If the results do not match your ability to repay the loan, you can adjust the loan terms, interest rates and borrowing amounts to get different results. Lowering the interest rate will lead to a lower overall cost of repayments, while extending the loan term can make repayments more manageable.
Borrow Within Your Means — Use Our Personal Loan Calculator
Without the insights from a personal loan calculator, borrowers will be less prepared to meet repayment obligations, which can potentially lead to further fees and penalties. From 2023 to 2024, Credit Counselling Singapore (CCS) reported an increase in the number of borrowers in Singapore seeking credit counselling services due to debt difficulties.
Using a personal loan calculator helps borrowers better understand how loan repayments will impact future finances and avoid taking on a personal loan that will be difficult to repay down the line.
- Budget more accurately for monthly repayments in line with financial ability
- Avoid overpaying interest by identifying the right combination of loan terms and interest rates
- Borrow confidently without being unsure whether you can repay the loan
Borrow with Accredit for Same-Day Approval
Accredit is Singapore’s leading licensed moneylender for personal loans — we offer lower interest rates than other moneylenders (under 4%) and provide approval within 24 hours of application. We can lend from $1,000, up to six times your monthly income, with loan terms of up to 12 months to prevent repayments from becoming a source of financial strain.
When you apply with Accredit, we take the time to understand your borrowing needs and financial circumstances to find a personal loan that best fits, whether it’s to pay for a wedding, a family holiday, or emergency medical bills.
Calculate your personal loan repayments with our calculator tool — when you’re ready to apply, submit your details using the form below or visit one of our locations in Tampines, Hougang, Yishun, and Jurong.
Frequently Asked Questions
What interest rate can I get for a personal loan?
We offer competitive interest rates far below 4%, unlike other moneylenders who charge close to the maximum amount. The exact interest rate for your personal loan will depend on your financial situation and the current market rate.
Is the total cost of the personal loan included in the calculator?
The personal loan calculator only displays the resulting monthly repayments and total interest payable — the application will also involve administrative fees depending on the lender you choose. Our application fees are dependent on your unique circumstances; we will need more details to provide a full overview of a personal loan.
How soon can I receive the funds?
Accredit offers same-day approvals for personal loans, meaning you can collect the cash on the same day you apply. We can approve and disburse the loan amount within 24 from the date of application.
