Think carefully about the personal loan rate of interest. You should do further research and comparison to secure a lower interest rate for a personal loan. Check the type of personal loan rate of interest from different banks and different moneylenders in Singapore before applying for one. Read the terms and conditions carefully. Understand the different kinds of fees aside from personal loan rate of interest. You may want to consider prepayment, disbursement and late payment fees (Our Note To Borrowers) The amount of loan you want to borrow should be within the limit because the repayment can be difficult. If you have outstanding payments then it will reflect on your credit history and vailing further loans will be difficult.