Key facts sheet for Instant Loan🔑✅📜😄

The key things you need to know

Read these key facts together with our general T&Cs and Trust Instant Loan product terms. We also recommend you read the consumer guide on credit cards at👀

Key Features

Key benefits

Trust Instant Loan allows you to convert your unused credit card limit into cash. The approved loan amount will be deposited into your Savings Account by Trust and you can use it for expenses such as your dream holiday, the education course to propel you at work, unexpected medical expenses or other big-ticket purchases. However, we do not allow loans for payment of the cash amount for residential property purchases or vehicle purchases.

Loan amount

The minimum amount for each loan application is S$500. The total loan amount cannot be more than the available credit limit on your credit card, minus a buffer amount set by us which we set aside for your credit card purchases.

Loan tenure

Each loan can be repaid over a tenure of between 3 to 60 months.

Convenient repayment

The Instant Loan instalments are charged monthly to your Trust credit card and included in your monthly credit card statement. No separate statement will be issued.

Upon repayment of each Instant Loan instalment, the available credit amount to spend on your credit card will be reinstated in proportion to each Instant Loan instalment.

Everything on fees and interest🚨

Late payment charges

As the loan instalment is charged to your Trust credit card, the late payment charges that apply to your credit card will be applicable if you do not pay your minimum amount due for the month by the due date. Please refer to the Trust Link Credit Card and NTUC Link Credit Card Key Facts Sheet for more details.

Early Repayment Fee

Loans approved before 20 Sep 2023


Loans approved between 20 Sep 2023 to 17 Jan 2024 (inclusive)

3% of your outstanding principal amount if you repay your loan in full within 90 days from the date we approved your loan

Loans approved from 18 Jan 2024

3% of your outstanding principal amount if you repay your loan in full early.


The interest rate offered to you is based on your loan amount, loan tenure, your personal credit profile and may differ from the published rate and the rate offered to other customers.

Interest accrues daily and is calculated on a 365-day year (or 366-day year in a leap year). It is then charged on the instalment date. If you decide to repay your loan early, interest will only be charged till the date that you request for an early repayment.

Interest is calculated by multiplying the approved interest rate and loan amount for the full loan tenure.

Interest on overdue instalments

If you don’t pay the full loan instalment due on or before the payment due date, the unpaid principal of the loan instalment will be charged a daily interest based on a 365-day year (minimum) from the date of your credit card statement until the date payment is received.

This interest rate is the same as the interest rate for overdue amounts on your credit card purchases. Please refer to the Trust Link Credit Card and NTUC Link Credit Card Key Facts Sheet for more details.

Please note that the Instant Loan will take more than the loan tenure to pay off in full if you do not pay the full loan instalment. For example, if you only pay $400 when your loan instalment is $500, it will take you longer than the original loan tenure to repay the Instant Loan in full.


We will terminate all Instant Loans if you are 90 days past your due date for your outstanding payment. All loan balances will then form part of your credit card’s outstanding balance.

Credit report

You are not entitled to a free credit report if you apply for an Instant Loan.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law.

Last updated on: 1 April 2024. Version: 8