Eligibility requirements:
- Must be between 21 and 65 years old
- Singapore citizens or permanent residents need minimum S$30,000 annual income
- Foreigners require minimum S$60,000 annual income with valid work pass
- Must hold a Trust credit card with sufficient available credit limit
- Subject to credit assessment and approval by Trust
Trust Instant Loan application steps:
- Open the Trust App and access your credit card section
- Select the Instant Loan feature within the app
- Choose your desired loan amount and repayment tenure
- Review the interest rate and fees shown for your profile
- Confirm your application and receive funds instantly upon approval
Frequently asked questions
How long does it take to get approved for a Trust?
Approval is extremely fast, since Trust Instant Loan is designed as a loan in minutes solution, with funds typically deposited into your account almost instantly after approval.
Is it required to explain why credit is being used?
No explanation is required, since this personal loan works as a flexible cash loan, allowing you to use funds freely for emergencies, bills, or planned expenses.
Do I need to have a good credit score to be approved for a Trust?
Approval depends on your credit profile, however applicants must pass internal checks, therefore having a healthy credit history improves your chances of quick approval loan.
Can I apply for a loan if I am self-employed?
Yes, self-employed individuals may apply, given that they meet income requirements and pass checks, making it a possible loan for self employed applicants in Singapore.