Your loan application might be adversely affected if your personal credit rating is bad. When you apply for a loan in Singapore, your personal credit record will usually be assessed by the relevant banks. Your personal credit record will thus affect your loan approval chances as well. It is absolutely critical for you to keep your personal credit score acceptable. Any negative impairments on your personal credit will adversely affect your property loan and business loan applications, making it next to impossible to obtain any form of financing. Therefore, always be conscious to protect your personal credit grading by paying all your personal credit cards, home loan, car loan etc on time. Settle any overdue payments promptly and be cautious not to over-extend your personal credit at all times.