Singapore’s bank loans increased to a fresh record peak of SGD 887.5 billion in January 2026, up from SGD 886.1 billion in the previous month. Consumer loans climbed to SGD 350.4 billion from SGD 347.4 billion, driven mainly by higher housing and bridging loans (SGD 245.6 billion vs SGD 244.1 billion in December 2025), car loans (SGD 9.5 billion vs SGD 9.3 billion), and other personal loans (SGD 77.2 billion vs SGD 75.6 billion). In contrast, activities fell for credit card loans (SGD 17.6 billion vs SGD 17.8 billion) and share financing (SGD 0.7 billion vs SGD 0.72 billion). In addition, loans to businesses fell to SGD 537.1 billion from SGD 538.7 billion, driven by lower lending in building and construction (SGD 182.2 billion vs SGD 182.4 billion), general commerce (SGD 92.3 billion vs SGD 99.2 billion), and transport, storage and communication (SGD 45.5 billion vs SGD 45.8 billion). source: Monetary Authority of Singapore

Loans to Private Sector in Singapore increased to 886109.70 SGD Million in December from 873129.40 SGD Million in November of 2025. Loans to Private Sector in Singapore averaged 293504.24 SGD Million from 1980 until 2026, reaching an all time high of 887505.30 SGD Million in January of 2026 and a record low of 16439.80 SGD Million in January of 1980. This page provides the latest reported value for - Singapore Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Loans to Private Sector - data, historical chart, forecasts and calendar of releases - was last updated on March of 2026.

Loans to Private Sector in Singapore increased to 886109.70 SGD Million in December from 873129.40 SGD Million in November of 2025. Loans to Private Sector in Singapore is expected to be 892215.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Loans to Private Sector is projected to trend around 960259.00 SGD Million in 2027 and 1003471.00 SGD Million in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 02:00 AM
Bank Lending
Dec S$886.1B S$873.1B S$ 869.2B
2026-02-27 02:00 AM
Bank Lending
Jan S$887.5B S$886.1B S$895.0B
2026-03-31 02:00 AM
Bank Lending
Feb S$887.5B


Related Last Previous Unit Reference
Banks Balance Sheet 3847123.40 3869315.90 SGD Million Jan 2026
Central Bank Balance Sheet 791875.50 793325.20 SGD Million Jan 2026
Foreign Exchange Reserves 529105.20 526326.00 SGD Million Jan 2026
Overnight Rate Average (SORA) 0.84 1.06 percent Mar 2026
Bank Lending 887505.30 886109.70 SGD Million Jan 2026
Money Supply M0 67348.30 66711.00 SGD Million Jan 2026
Money Supply M1 317708.60 319881.20 SGD Million Jan 2026
Money Supply M2 876239.00 879791.80 SGD Million Jan 2026
Money Supply M3 892120.50 895497.20 SGD Million Jan 2026


Singapore Loans to Private Sector
In Singapore, bank lending measures the change in the total value of outstanding bank loans and advances issued to consumers and businesses.
Actual Previous Highest Lowest Dates Unit Frequency
887505.30 886109.70 887505.30 16439.80 1980 - 2026 SGD Million Monthly
Current Prices, NSA

News Stream
Singapore Bank Lending Hits New Record
Singapore’s bank loans increased to a fresh record peak of SGD 887.5 billion in January 2026, up from SGD 886.1 billion in the previous month. Consumer loans climbed to SGD 350.4 billion from SGD 347.4 billion, driven mainly by higher housing and bridging loans (SGD 245.6 billion vs SGD 244.1 billion in December 2025), car loans (SGD 9.5 billion vs SGD 9.3 billion), and other personal loans (SGD 77.2 billion vs SGD 75.6 billion). In contrast, activities fell for credit card loans (SGD 17.6 billion vs SGD 17.8 billion) and share financing (SGD 0.7 billion vs SGD 0.72 billion). In addition, loans to businesses fell to SGD 537.1 billion from SGD 538.7 billion, driven by lower lending in building and construction (SGD 182.2 billion vs SGD 182.4 billion), general commerce (SGD 92.3 billion vs SGD 99.2 billion), and transport, storage and communication (SGD 45.5 billion vs SGD 45.8 billion).
2026-02-27
Singapore Bank Lending Hits Fresh Record High
Singapore's bank loans increased to a new record high of SGD 886.1 billion in December 2025, up from SGD 873.1 billion in the previous month. Loans to businesses surged to SGD 538.7 billion from SGD 528.3 billion in November, primarily due to increased lending to manufacturing (SGD 27.6 billion vs SGD 27.4 billion), general commerce (SGD 99.1 billion vs. SGD 92 billion), building construction (SGD 182.4 billion vs SGD 179.5 billion), and transportation, storage & communication (SGD 45.8 billion vs. SGD 44.7 billion). By contrast, loans to financial and insurance activities fell to SGD 134.5 billion from SGD 136.1 billion. In addition, consumer loans climbed to SGD 347.4 billion from SGD 344.8 billion, driven mainly by higher housing and bridging loans (SGD 244.1 billion vs SGD 242.6 billion), car loans (SGD 9.3 billion vs SGD 9.1 billion), credit card loans (SGD 17.8 billion vs SGD 17.6 billion), and other personal loans (SGD 75.6 billion vs SGD 74.8 billion).
2026-01-30
Singapore Bank Lending Hits Fresh Record Peak
Singapore's bank loans increased to a fresh record peak of SGD 873.1 billion in November 2025, from SGD 866.1 billion in the previous month. Loans to businesses jumped to SGD 528.3 billion from SGD 523.6 billion in October, primarily due to increased lending in manufacturing (SGD 27.4 billion vs SGD 26.6 billion), agriculture, mining, and quarrying (SGD 3.4 billion vs SGD 3.2 billion), general commerce (SGD 92 billion vs SGD 90.3 billion), transportation, storage & communication (SGD 44.7 billion vs SGD 44.3 billion), and financial and insurance activities (SGD 136.1 billion vs SGD 133.4 billion). In addition, consumer loans increased to SGD 344.8 billion from SGD 342.5 billion, driven mainly by higher housing and bridging loans (SGD 242.6 billion vs SGD 241.4 billion), car loans (SGD 9.1 billion vs SGD 9 billion), credit card loans (SGD 17.6 billion vs SGD 17.1 billion), and other personal loans (SGD 74.8 billion vs SGD 74.3 billion).
2025-12-31