Self-Employed Financing
Personal financing for business owners, freelancers and commission earners whose income is not a fixed salary.
Maximum amount
Varies by provider — contact us for an assessment
Indicative rate
Varies by provider — contact us for an assessment
Maximum tenure
Varies by provider — contact us for an assessment
Processing time
Varies by provider
These figures are a guide only. The actual amount, rate, tenure, fees and approval depend on the provider and your situation.
01
What can it be used for?
02
What does it cost?
Provider interest and charges
Check whether the rate is annual or monthly, flat or reducing-balance, and whether repayments include principal. EIR, where published, is separate from the advertised rate. Allow for processing, upfront, annual, legal, valuation and early-settlement charges where applicable.
Loura service fee
Separate from provider charges; no fee is assumed in the estimate. Your adviser confirms whether a Loura fee applies and its amount before you decide to proceed. All provider charges must be confirmed in the offer.
Personal Financing Calculator
For eligible personal needs and debt consolidation. Savings from consolidation are not guaranteed.
Repayment tenure (years)
Rate basis
- Estimated monthly repayment
- S$944
- Total repayment (5 yrs)
- S$56,614
- Estimated interest (5 yrs)
- S$6,614
- Upfront provider fees
- S$0
- Total estimated financing cost
- S$6,614
- Net proceeds after upfront fees
- S$50,000
Illustrative monthly repayment at 5.0% p.a.
| Amount | 3 yrs | 5 yrs |
|---|---|---|
| S$20,000 | S$599 | S$377 |
| S$50,000 | S$1,499 | S$944 |
| S$100,000 | S$2,997 | S$1,887 |
Repayments include principal and interest at a constant rate. Upfront fees are paid separately or deducted, not added to the loan. This rate is not EIR.
Illustrative estimate only, using illustrative example figures (amounts, rates, LTV and fees) — not verified provider offers, a loan offer or approval. Actual rates, fees, LTV, tenure and approval depend on the financing provider and your assessment. Provider, legal, valuation and other fees are excluded unless shown. Any Loura service fee is separate and disclosed before you decide to proceed.
03
Who may qualify?
- Annual income and employment stability
- Existing unsecured debt across all lenders
- Credit Bureau Singapore report
- Purpose of the loan
- Two years of Notices of Assessment
04
Documents
No documents are needed for the initial enquiry.
- NRIC
- Latest two years of Notices of Assessment
- Business bank statements
- ACRA profile (if applicable)
Additional documents may be requested by the financing provider depending on your case.
05
How it works
- 1Tell us what you need
- 2We look at your situation
- 3We explain the options that may suit you
- 4You decide whether to go ahead
06
Provider options
We only show providers whose information we have checked on their official website. Being listed here does not mean a provider partners with or endorses Loura.
Varies by provider — contact us for an assessment. No verified product offer is currently listed; rates, amounts and terms are not assumed.
Current indicative information. Terms, rates, fees and eligibility may change and are subject to provider assessment.
07
Frequently asked questions
Why is it harder for self-employed people?
Providers often average your declared income over two years using your Notices of Assessment. This can make your assessed income lower than your actual recent earnings.
What can I do to improve my chances?
File your taxes on time, keep business and personal bank accounts separate, and keep clear records of your income and expenses.
Can I use bank statements instead of tax records?
Some providers accept bank statements as supporting evidence, but most still want your Notices of Assessment. Requirements vary by provider.
Do I need documents to enquire?
No. You can enquire without sending any documents. If you decide to go ahead, your adviser will tell you exactly which documents the provider needs, such as bank statements or financial statements.
What happens after I enquire?
A Loura adviser will contact you, usually by phone or WhatsApp, to understand what you need. We explain the options that may suit you, the likely costs and any Loura service fee. Nothing is sent to a provider without your instruction.