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The 12 Best Balance Transfer Options in Singapore

For individuals in Singapore seeking a way to manage their credit card debt more effectively, balance transfer can be a valuable tool. By transferring their existing credit card balance to a new credit card with a lower interest rate or promotional period, they can save money on interest and pay off their debt more quickly.

It's important to compare the balance transfer options available in Singapore to find the best one for their needs. Factors to consider include the length of the promotional period, the interest rate after the promotional period ends, and any fees associated with the transfer. Below is a list of the best balance transfer options in Singapore, along with key points to help individuals make an informed decision.

Find the perfect balance transfer option in Singapore that suits your financial goals and start saving on interest today.

How this ranking works

Before ranking this guide we review each business's track record, what its customers say and how clearly it explains its work. The result is an editorial selection that we update as things change.

No business can pay to be included. Those already in the guide may buy extra visibility, and it is always shown.

Top 3Full rankingMapTips for choosing

Standout options

Each option links to its full entry below.

#1
Galaxy Credit
5.04,268 reviews
#2
365 Credit Solutions
5.0698 reviews
#3
1 Fullerton Credit
5.0679 reviews

Our 12 local picks compared

Galaxy Credit, Singapore#1
What sets it apart

  • Staff are very nice and friendly, highly recommended.

  • The front desk officers are all friendly, professional, and understanding.

  • Highly recommended, very professional service.

  • Friendly and cheerful staff, patient and professional.

Galaxy Credit

5.04,268 reviews
Blk 709 Ang Mo Kio Ave 8, Ang Mo Kio Central 3, #01-2595 Galaxy Credit | Best Money Lender in Ang Mo Kio | Top Singapore Loan Company, 4 minutes Walk From Amk MRT, Singapore 560709

Galaxy Credit is known as the Best Money Lender in Ang Mo Kio and a top Singapore Loan Company. Offering online appointments and on-site services, they cater to their customers' needs efficiently and professionally.

With a perfect rating of 5.0 stars, the reviews speak for themselves:

Customers praise the team members such as Issac, Karen, KK, Joey, and Jeffrey for their exceptional service. Whether it's a first-time visit or a long-time customer, Galaxy Credit stands out for their friendly and welcoming atmosphere, dedicated staff, and efficient loan services.

365 Credit Solutions, Singapore#2
What sets it apart

  • Staff member named Joshua was kind, polite, and made the process easy and comfortable for a first-timer.

  • The team is very professional, friendly, and quick to help with any loan enquiries.

  • Customers feel comfortable and well taken care of by the friendly and helpful staff.

  • Overall, the staff are described as very professional, easy to approach, and friendly.

365 Credit Solutions

5.0698 reviews
14 Scotts Rd, #03-63 365 Credit Solutions: Best Licensed Money Lender Singapore Orchard Far East Plaza | Personal Loan Singapore | Foreigner Loan, Far East Plaza, Singapore 228213

365 Credit Solutions is a top-rated loan agency in Singapore, offering a range of services to meet customers' financial needs. With a perfect 5.0 rating, it is clear that customers are highly satisfied with the experience they receive.

At 365 Credit Solutions, customers can expect top-notch service, whether they need a personal loan or foreigner loan. The business offers online appointments and on-site services for added convenience. Additionally, the accessible facilities, including a wheelchair-accessible car park and entrance, ensure that all customers can easily access the services provided. Visit their website or give them a call to experience the outstanding service for yourself.

1 Fullerton Credit, Singapore#3
What sets it apart

  • The processing is quick and efficient, with approval chances above 70% when documents are in order.

  • Staff members are helpful, patient, and provide thorough explanations throughout the process.

  • The team is friendly, understanding, and goes the extra mile to assist customers with their financial needs.

  • Clients appreciate the fast and effective service provided by the staff, making it a highly recommended option for anyone in need of financial assistance.

1 Fullerton Credit

5.0679 reviews
110A Telok Ayer St, 1 Fullerton Credit: Licensed Money Lender Singapore Telok Ayer Chinatown | Personal Loan Singapore | Foreigner Loan, Singapore 068579

1 Fullerton Credit is a reputable loan agency in Singapore that offers a variety of financial solutions to its clients. Their service options include online appointments and on-site services, making it convenient for customers to access their services.

With a stellar rating of 5.0, it's clear that customers are highly satisfied with the services provided by 1 Fullerton Credit. Some key points from customer reviews include:

Overall, 1 Fullerton Credit stands out as a reliable and customer-oriented moneylender in Singapore, offering personalized and transparent financial solutions to meet the needs of their diverse clientele.

BST Credit Pte Ltd, Singapore#4
What sets it apart

  • Flawless service with easy-to-understand explanations and a friendly atmosphere.

  • Fast and efficient service without unnecessary complications.

  • Professional and neatly-handled application processes with friendly and polite staff.

  • Meticulous assistance throughout the loan process, clear explanations, and overall excellent service.

BST Credit Pte Ltd

4.91,690 reviews
Jurong Gateway Rd, #01-251 BST Credit Pte Ltd | Personal Loan Licensed Moneylender Singapore, Blk 131, Singapore 600131

BST Credit Pte Ltd is a trusted loan agency located in Jurong Gateway Rd. Their service options include on-site services, making it convenient for customers to access their personalized loan solutions. With a remarkable rating of 4.9, based on 1690 reviews, it's clear that customers have had exceptional experiences. Some key points from customer reviews include:

Experience the excellence and professionalism at BST Credit Pte Ltd for all your loan needs.

A1 Credit, Singapore#5
What sets it apart

  • Staff was very nice and patient, explained all details thoroughly

  • Service and location are good, staff is helpful, polite, and professional

  • Fast and Easy process with polite and professional staff

  • Very good staff, explain properly, patient, and happy to assist

A1 Credit

4.9807 reviews
2 Havelock Rd, #02-08 A1 Credit: Best Licensed Money Lender Singapore | Urgent Personal Loan Singapore Chinatown | Foreigner Loan | Fast Cash Loan, Havelock Ii, Singapore 059763

A1 Credit: Best Licensed Money Lender Singapore is a reputable loan agency located in Singapore. They offer a range of services including Urgent Personal Loans, Foreigner Loans, and Fast Cash Loans. Clients can benefit from Online appointments and On-site services for added convenience.

The business is known for its excellent customer service and professionalism. Customers have praised the helpful and patient staff who take the time to thoroughly explain all the details of the process. Although the process may not be the fastest, it is described as being smooth and efficient.

Here are some key points from customer reviews:

With a high rating of 4.9 stars and glowing reviews from satisfied customers, A1 Credit is a trusted choice for those in need of financial assistance in Singapore.

Bugis Credit, Singapore#6
What sets it apart

  • Very accommodating and helpful staff

  • Friendly and efficient service

  • Clear explanations and transparent processes

  • Detail-oriented and meticulous loan officers

Bugis Credit

4.9459 reviews
470 North Bridge Rd, #02-12 Bugis Credit: Licensed Money Lender | Urgent Personal Loan Singapore | Foreigner Loan | Low Interest Monthly Repayment, Bugis Cube, Singapore 188735

Bugis Credit is a reliable licensed money lender that offers urgent personal loans in Singapore, including foreigner loans with low-interest monthly repayment options. Customers have awarded Bugis Credit an impressive rating of 4.9 out of 5 stars, based on 459 reviews.

With service options such as online appointments and on-site services, Bugis Credit ensures a seamless and customer-friendly experience for all loan applicants. Their dedicated team, led by professionals like Ms. Lim, Albee, Nini, Luna, and Ting, has received high praise for their excellent customer service and patient assistance. Whether it's a first-time loan or a repeat customer, Bugis Credit is known for its transparency and accessible support throughout the borrowing process.

Pit-Stop Credit(SG) PTE LTD, Singapore#7
What sets it apart

  • Fast and efficient service

  • Highly friendly and professional staff

  • Great financial advice and solutions

  • Flexible and easy loan process

Pit-Stop Credit(SG) PTE LTD

5.090 reviews
200 Jln Sultan, #01-18E PIT-STOP CREDIT(SG) PTE LTD, Textile Centre, Singapore 199018

Pit-Stop Credit(SG) PTE LTD is a top-notch Loan agency that provides exceptional services to its clients in Singapore. With a perfect 5.0 rating and 90 reviews, it is clear that customers are highly satisfied with the services offered.

Customers have praised the company for its quick response, clean environment, detailed explanations, and flexible loan options. The friendly loan officers are commended for their patience and professionalism, making the whole process smooth and hassle-free for the clients. Highly recommended for anyone looking for reliable financial solutions!

TCC Credit Co-operative Limited, Singapore#8
What sets it apart

  • Efficient assistance with transactions and account verification

  • Clear explanations of services and guidance offered for future transactions

  • Personalized recommendations for enhancing membership benefits

  • Professionalism and patience in handling administrative matters

TCC Credit Co-operative Limited

4.7318 reviews
95 Killiney Rd, TCC Credit Co-operative Limited, Singapore 239537

TCC Credit Co-operative Limited is a reputable financial institution in Singapore, known for its exceptional customer service. The business offers a wide range of financial services, from withdrawals to membership upgrades, all delivered with professionalism and a personal touch.

Customer reviews highlight the outstanding service provided by staff members like Alice and Richard. Clients praise their patience, professionalism, and willingness to go above and beyond to assist with various financial transactions. Here are a few key points from customer reviews:

Visitors to TCC Credit Co-operative Limited can expect a welcoming environment and top-notch financial services, making every interaction memorable and stress-free.

SingSaver, Singapore#9
What sets it apart

  • Customers rave about the exceptional service provided by the staff, with special mentions to Jeremy for going above and beyond in assisting with insurance needs.

  • The platform is user-friendly, allowing customers to easily compare a wide range of financial products such as credit cards, receiving helpful guidance along the way.

  • Several customers have highlighted the remarkable customer service provided by SingSaver, praising the team's responsiveness and knowledge in addressing queries promptly.

  • Customers appreciate the transparency and honesty of SingSaver in honoring promotions, ensuring that free gifts and rewards are delivered as promised.

SingSaver

4.31,816 reviews
70 Shenton Wy, #18-15 SingSaver, Eon Shenton, Singapore 079118

SingSaver is a renowned finance broker located in Singapore. With a remarkable rating of 4.3 based on 1816 reviews, it is clear that this establishment is highly regarded by its clientele.

SingSaver's commitment to customer satisfaction and excellence in service is evident through the glowing reviews it has received. If you are in Singapore and seeking financial products, SingSaver comes highly recommended by satisfied customers.

Monetium Credit, Singapore#10
What sets it apart

  • Professional and efficient service with friendly staff

  • Helpful and kind employees willing to go the extra mile

  • Transparent and detailed information on services and procedures

  • Highly recommended for excellent customer service

Monetium Credit

4.9292 reviews
10 Jln Besar, #01-01 Monetium Credit | Licensed Moneylender Singapore Rochor | Cash Loan Singapore | Personal Loan, Sim Lim Tower, Singapore 208787

Monetium Credit is a reputable loan agency located in Singapore, providing a wide range of services to meet the financial needs of its customers. With a rating of 4.9, based on 292 reviews, it is evident that their customers are highly satisfied with the level of professionalism and efficiency offered by the team.

They offer cash loans, personal loans, and other financial solutions tailored to the individual needs of each client. The team at Monetium Credit is committed to providing excellent customer service and ensuring a seamless loan application process. With wheelchair-accessible facilities, they strive to make their services easily accessible to all individuals. If you're looking for a trustworthy and reliable moneylender in Singapore, Monetium Credit is the place to visit.

MoneySmart Singapore#11
What sets it apart

  • Efficient process for claiming credit card promotion rewards with prompt customer service.

  • Proactive approach in providing updates and alerts on financial status and deadlines.

  • User-friendly website, straightforward claim processes, and excellent customer support for credit card and loan applications.

  • Quick reward fulfillment through the Smartpoints option for a fast and seamless experience.

MoneySmart Singapore

4.41,383 reviews
8 Commonwealth Ln, #04-02 MoneySmart Singapore, Singapore 149555

MoneySmart Singapore is a renowned finance broker based in Singapore that offers a wide range of services to help individuals make smart financial decisions. They have received an outstanding rating of 4.4 from 1383 reviews, highlighting their commitment to customer satisfaction. Some key points from customer reviews include:

MoneySmart Singapore strives to make financial planning and decision-making as convenient and rewarding as possible for their customers, ensuring a positive and efficient experience for all.

Wise, Singapore#12
What sets it apart

  • Easy setup of Euro and NZ dollar accounts

  • Smooth and fast transfers at great rates

  • Unbelievable ease of use with excellent exchange rates

  • Instant digital card issuance and quick physical card delivery

Wise

4.21,206 reviews
1 Paya Lebar Link #13-06 PLQ 2, Paya Lebar Quarter, Wise, Singapore 408533

Wise is a leading corporate office located in Paya Lebar Quarter, Singapore. The company offers a range of services such as low-cost and transparent international money transfers, multi-currency accounts, and a convenient debit card for handling multiple currencies while traveling. Customers have praised Wise for its excellent service, efficiency, and competitive exchange rates. Some key points from customer reviews include:

With a rating of 4.2 stars based on 1206 reviews, Wise is a trusted choice for individuals and businesses seeking reliable and cost-effective financial solutions.

The main points in one table

#BusinessRatingReviews
#1Galaxy Credit 5.04,268
#2365 Credit Solutions 5.0698
#31 Fullerton Credit 5.0679
#4BST Credit Pte Ltd 4.91,690
#5A1 Credit 4.9807
#6Bugis Credit 4.9459
#7Pit-Stop Credit(SG) PTE LTD 5.090
#8TCC Credit Co-operative Limited 4.7318
#9SingSaver 4.31,816
#10Monetium Credit 4.9292
#11MoneySmart Singapore 4.41,383
#12Wise 4.21,206

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Map of Balance Transfer Options in Singapore

Looking to save money on credit card debt? Explore the best options for balance transfer Singapore with this comprehensive map. Compare interest rates, annual fees, and promotional periods to find the most suitable offer for your financial situation. Take control of your finances and start paying off your debt more effectively today. View Ranking

Tips for choosing Balance Transfer Options in Singapore

  1. Citibank Ready Credit Balance Transfer.
  2. HSBC Credit Card Balance Transfer.
  3. Standard Chartered Funds Transfer.

Questions and answers

What is a balance transfer in Singapore?

A balance transfer is a financial tool that allows individuals to transfer existing credit card debt from one card to another with a lower interest rate. In Singapore, this type of offer is commonly used to help individuals consolidate their debt and save money on interest payments. By taking advantage of a balance transfer promotion, individuals can enjoy a temporary break from high interest rates and pay off their debt more efficiently. It is important to note that balance transfers typically come with a one-time fee, usually a percentage of the amount being transferred. Additionally, there is usually a promotional period during which the lower interest rate applies, after which the standard rate will kick in. Therefore, it is crucial for individuals to make a repayment plan that takes advantage of the promotional period to maximize its benefits.

How can I qualify for a balance transfer in Singapore?

In order to qualify for a balance transfer in Singapore, individuals must usually have a minimum level of outstanding debt on their current credit card. The exact requirements can vary between different banks and financial institutions, so it is important to check with each provider for their specific eligibility criteria. Additionally, individuals must have a good credit score to be eligible for a balance transfer promotion with a lower interest rate. Banks and credit card companies will assess the applicant's creditworthiness before approving the transfer. It is also advisable to have a stable source of income to demonstrate the ability to repay the transferred debt.

What are the benefits of doing a balance transfer in Singapore?

One of the main benefits of doing a balance transfer in Singapore is the opportunity to save money on interest payments. By taking advantage of a lower interest rate promotion, individuals can pay off their debt more quickly and efficiently, ultimately saving on finance charges in the long run. Another benefit is the convenience of consolidating multiple credit card debts into one. This simplifies the repayment process and helps individuals better manage their finances. Furthermore, a balance transfer can provide individuals with a temporary break from high interest rates, giving them a chance to get back on track with their finances.

What should I consider before doing a balance transfer in Singapore?

Before doing a balance transfer in Singapore, individuals should carefully review the terms and conditions of the offer, including the promotional period, interest rate after the promotional period, and any associated fees. It is important to calculate whether the savings from the lower interest rate will offset the one-time transfer fee. Additionally, individuals should create a repayment plan to make the most of the promotional period. Setting a budget and committing to paying off the transferred debt within the promotional period can help maximize the benefits of the balance transfer. It is also important to avoid using the new credit card for additional purchases to prevent further debt accumulation.

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