Secured Loans in Singapore

Understanding Secured Loans in Singapore

A secured loan is a type of financing where you use your property as collateral to borrow money. This acts as a form of security for the lender. If you fail to repay the loan, the lender has the right to recover the outstanding amount by taking ownership of the asset.

Why Choose a Secured Loan?

Lower Interest Rates – Since the loan is backed by your property, lenders usually offer more competitive rates.
Higher Loan Amounts - Access to a larger sum, depending on the market value of your property.
Flexible Repayment Terms - Longer tenure options to make monthly repayments more manageable.
Easier Approval - Property collateral increases your chances of approval, even if your credit score isn’t perfect.

Our personal loan products are underwritten and disbursed by TBS Union Pte Ltd.

Secured Loan vs Unsecured Loan

Not sure which is right for you? Here’s a quick comparison:

Things to note	Secured Loan	Unsecured Loan
Collateral	Requires property (e.g. private property like condos and landed property, commercial property and industrial property)	No collateral required
Loan Amount	Higher (based on property value)	Lower
Interest Rate	Lower	Higher
Approval Chances	Higher if you own property	Depends heavily on credit score
Risk	Property may be repossessed if you default	No asset at risk, but legal/credit consequences

Eligibility & Requirements

Singapore Citizens, PRs, and eligible foreigners with property ownership.
Property types: Private residential, commercial properties.
Minimum loan amount (varies by property type and valuation).
Supporting documents: NRIC, income statements, property ownership proof.

Why Choose Our Secured Loans?

1 Day Loan Approval

Low Interest Rate

80% LTV financing

Flexible Payment

High Approval Rate

No TDSR Restriction

No Additional Charges

How to Apply for a Secured Personal Loan?

Step 1: Receive Expert Consultation
Contact Tembusu Financial Services at (+65) 6741 2588 or WhatsApp for a free secured lending consultation and advice from our loan specialist.

Step 2: Submit Your Documents
Send us the required documents, and we will expedite the approval process for your secured financing application.

Step 3: Secured Personal Loan Approval
Once your secured borrowing application is approved, you will be notified by our loan specialist, who will also explain the loan features and charges.

Step 4: Loan Disbursement
After you have accepted our secured loan offer, we will formalise the legal paperwork and disburse the loan to you.

FAQs on Secured Loans in Singapore

What is a secured loan?

A secured loan is a type of personal loan using collateral, such as property, to back the loan. It allows for larger loan amounts and lower interest rates.

What can I use as collateral for a secured personal loan?

Common forms of collateral include private residential property, commercial property, or other valuable assets. These support your mortgage-backed application.

What are the benefits of secured lending?

Secured borrowing typically comes with lower interest rates, longer repayment terms, and higher approval chances, especially for those with less-than-perfect credit.

What if I fail to repay a secured loan?

If repayment is missed, the collateral may be repossessed. That’s why it’s important to only borrow what you can manage.

How do secured loans differ from unsecured loans?

Secured loans require an asset as collateral (e.g. property), whereas unsecured loans don’t. As a result, secured financing typically offers lower interest rates and higher borrowing limits.