Singaporean / PR:
Under the Ministry of Law, if your annual salary falls below $20,000, the maximum cap for the amount you can borrow is $3,000. If your annual salary is above $20,000, your maximum cap is 6 times of your annual salary.
Foreigners:
Under the Ministry of Law, if your annual salary falls below $10,000, the maximum cap for the amount you can borrow is $500. If your annual salary falls between $10,000 to $20,000, the maximum cap for the amount you can borrow is $3,000. If your annual salary is above $20,000, your maximum cap is 6 times of your annual salary.
Business Loans:
There are no caps on business loans. For more info please refer to Ministry of Law’s website here