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Best Balance Transfer Singapore 2018

Looking for best balance transfer in Singapore 2018? We have come up with a list of balance transfer rates in Singapore for your easy reference and comparison so that you can choose the best one that suits your needs.

This list consists of various banks offering their fund transfer promotions, having different interest rates (as low as 0%) and transfer fee for their line of credit and credit cards.

Best Balance Transfer

  • For 3-month loan: UOB (1.49% processing fee with 0% p.a. interest)
  • For 6-month loan: Maybank (min S$10,000: 1.38% processing fee with 0% p.a. interest)
  • For 12-month loan: UOB (3.88% processing fee with 0% p.a. interest)
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Do remember to return the loan amount back before the tenure ends. After which, the prevailing interest rate will apply which is very high!

Tip: If you are unable to repay back the money within the promotion rates period, find another good promotion from another bank to pay back the first bank so that you are not paying the more expensive interest rates.

Check out these attractive FD rates too!

DBS Balance Transfer (Cashline / Credit Card)

  • Interest rates: 0% p.a.
  • Administration fee:
    • 2.5% for 6 months tenure
    • 4.5% for 12 months tenure
DBS Cashline Balance Transfer
Photo Credit: DBS

Citibank Balance Transfer (Ready Credit / Credit Card)

For new customers:

  • Interest rates: 0% p.a.
  • Processing fee:
    • 1.58% for 3 months tenure
    • 1.58% for 6 months tenure
Citibank Balance Transfer (New)
Photo Credit: Citibank

For existing customers:

  • Interest rates: 0% p.a.
  • Processing fee:
    • 2.50% for 6 months tenure
    • 5.50% for 12 months tenure
Citibank Balance Transfer (Existing)
Photo Credit: Citibank

UOB Funds Transfer (CashPlus / Credit Card)

  • Interest rates: 0% p.a.
  • Processing fee:
    • 1.49% for 3 months tenure
    • 2.50% for 6 months tenure
    • 3.88% for 12 months tenure
    • 4.88% for 18 months tenure
UOB Funds Transfer
Photo Credit: UOB

Maybank Fund Transfer (CreditAble)

  • Interest rates: 0% p.a. for 6 months tenure
  • Processing fee:
    • Minimum of S$10,000: 1.38% for 6 months tenure
    • Minimum of S$2,000: 1.88% for 6 months tenure
    • Minimum of S$2,000: 4.99% p.a. for 12 months tenure
Maybank Fund Transfer for CreditAble
Photo Credit: Maybank

HSBC Balance Transfer (Personal Line of Credit)

  • Interest rates:
    • 2.50% p.a. for 6 months tenure
    • 4.88% p.a. for 12 months tenure
  • Processing fee:
    • S$88 for 6 months tenure
    • S$88 for 12 months tenure
    • *S$0 for approved amount of S$10,000 and above
Photo Credit: HSBC

Standard Chartered Funds Transfer (Credit Card)

  • Interest rates: 0% p.a.
  • Processing fee:
    • 1.99% for 6 months tenure
    • 4.50% for 12 months tenure
Standard Chartered Funds Transfer
Photo Credit: Standard Chartered

OCBC Balance Transfer (EasiCredit / Credit Card)

  • Interest rates: 0% p.a.
  • Processing fee:
    • 1.80% for 3 months tenure
    • 2.50% for 6 months tenure
    • 4.50% for 12 months tenure
OCBC Balance Transfer for credit card / EasiCredit account
Photo Credit: OCBC

Bank Of China (BOC) Fund Transfer (MoneyPlus / Credit Card)

  • Interest rates: 0% p.a.
  • Processing fee:
    • 1.80% for 3 months tenure
    • 3.00% for 6 months tenure
BOC Fund Transfer
Photo Credit: BOC

We hope you are able to find the best balance transfer promotion for your needs.

Updated: Sep 28, 2018 @ 2:33 pm