Banks commonly offer personal loans strictly to Singapore citizens and permanent residents only. As for licensed money lenders, they also accept foreigners or individuals with a valid work pass in Singapore, as long as they have a full-time job in the country.
If you earn over $30,000 in a year, you can borrow as much as four times your monthly income from a licensed lender. However, if your annual income falls between $20,000 and $30,000, you may only borrow up to twice the amount of your monthly salary. There is no limit to the amount that you may borrow if you make more than $120,000 annually.
With banks, you may borrow up to 4 times what you make monthly, as long as your annual income is $20,000 or more. For clients who have an annual income of $120,000 or more, they may loan up to 10 times what they make in a month.
However, you should remember that these guidelines set by licensed lenders and banks still depend on various factors including your outstanding debts and credit rating.