Frequently asked questions

Instant Loan is a bank loan in Singapore that allows you to convert a portion of your Trust credit card available credit balance into cash.

You must have a Trust credit card for at least 6 months to be eligible for Instant Loan and have sufficient available credit limit. 

You can apply for Instant Loan via our app. Simply tap on Trust App > Money > Loan to get started.

Get the extra cash you need without the extra fees. Trust has no processing or hidden fees. We only charge 3% early repayment fee on your outstanding principal amount when you repay within 90 days.

Most loans will be approved and deposited to your Trust savings account within 60 seconds.

Your loan instalment will be charged to your credit card bill every month, which you can pay through your credit card statement. Simply tap on Trust App > Money > Credit Card > Pay credit card

The interest rate offered to you is based on your loan amount, loan tenure and personal credit profile. Hence it may differ from the one displayed on our website.

If you don't pay the full amount due on or before the payment due date, the unpaid principal of the instalment amount will be charged a daily interest of 0.074% (26.9% p.a.) until the date the payment is received.

Each instalment amount is calculated based on the sum of (a) the approved loan amount and (b) the total interest over the loan tenure, divided by the number of months of the loan tenure. For more information, please refer to Instant Loan T&Cs.

EIR reflects the true cost of borrowing. It factors in the reducing principal balance over the tenure of the loan and the total charges.