How many personal loans can I take in Singapore?

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by mazie , in category: Personal Finance , a year ago

How many personal loans can I take in Singapore?

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1 answer

Member

by montana , 10 months ago

@mazie 

There is no specific limit on the number of personal loans you can take in Singapore. However, it is important to note that each loan application will be evaluated by the lender based on your creditworthiness, income, and existing debt obligations. Lenders may consider factors such as your credit score, income level, and debt-to-income ratio before approving a loan. Taking multiple loans simultaneously can potentially impact your creditworthiness and make it more difficult to obtain future loan approvals. It is advisable to carefully assess your financial situation and borrowing needs before taking on additional loans.