facebookIn SG do banks look at one's credit score when applying for loans? - Seedly

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Anonymous

09 Jan 2020

Property

In SG do banks look at one's credit score when applying for loans?

When applying for a loan in Singapore, what are some factors that banks will look at?

Discussion (2)

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Rishi Ramchandani

09 Jan 2020

Financial coach / Founder at Cafe cash flow

Yes for sure, you can obtain your credit score for $6.42 at any singpost office

https://www.creditbureau.com.sg/how-to-get-my-c...

If you are going to a bank to enquire about a loan they might even give you your report for free. HSBC SG does it online it seems (i have not tried this)

https://www.apps.asiapacific.hsbc.com/1/2/sgh2/...

Goodluck!

Pang Zhe Liang

09 Jan 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Yes, the credit score evaluates your current debt situation and the probability of default. This is commonly used whenever one apply for a loan.

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