As a rule of thumb, you should only borrow the amount that you need and ensure that you are able to commit to the monthly repayments. Unsecured Loans: If your average annual income or Notice of Assessment is less than S$20,000, you can borrow up to $3,000 If your average annual income or Notice of Assessment is at least S$20,000 and more, including Bonuses, you can borrow up to 6 months worth of your monthly salary Secured Loans: There are no restrictions by Law How to calculate average annual income: [Sum of your recent 3 months salary * 4]