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

Asked on 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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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-credit-report.html

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/hsbc-promotion-contact-me?WABFormEntryCommand=cmd_init

Goodluck!

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ūüĎć 0

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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ūüĎć 0