Anonymous

09 Jan 2020

∙

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?

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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!

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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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Hi! Recently, i applied for a credit score and was shock to receive a grade of HX! Prior to this, i have never applied for a single credit card nor any loan. Any advice on this?

Is there any impact to credit score for applying, getting welcome bonus, cancelling credit card and repeat? Will it be more difficult to get a new credit card with the same bank in the future?

Just paid for a credit report and noticed that there is one particular bank which has been sending review inquiries 7 times in 2018 alone!? how does that affect my credit score and is it even legal?

Hi experts, can I ask if we can apply for many credit cards(say 3/4, one from each bank) to take advantage of all the signup rewards then close all the credit cards a few month down the road?

Will credit card debt reduce the loan limit one is able to get when applying for HDB loan?

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Hi! Recently, i applied for a credit score and was shock to receive a grade of HX! Prior to this, i have never applied for a single credit card nor any loan. Any advice on this?

Is there any impact to credit score for applying, getting welcome bonus, cancelling credit card and repeat? Will it be more difficult to get a new credit card with the same bank in the future?

Just paid for a credit report and noticed that there is one particular bank which has been sending review inquiries 7 times in 2018 alone!? how does that affect my credit score and is it even legal?

Hi experts, can I ask if we can apply for many credit cards(say 3/4, one from each bank) to take advantage of all the signup rewards then close all the credit cards a few month down the road?

Will credit card debt reduce the loan limit one is able to get when applying for HDB loan?