Question 1

Is OneCompare a bank or a lender?

Accepted Answer

No. OneCompare is not a bank and does not provide loans. We are a loan brokerage and referral platform that connects enquiries with independent Network Partners.

Question 2

Who makes the loan decision?

Accepted Answer

All loan decisions, including approval, credit assessment, rates, and terms, are made solely by independent third-party Network Partners.

Question 3

Who are the Network Partners?

Accepted Answer

Network Partners are independent financial service providers and institutions. We do not influence their approval decisions, credit assessments, or financing terms.

Question 4

How is my personal data handled?

Accepted Answer

We handle your data in line with Singapore PDPA principles. With your consent, your data may be shared with Network Partners for matching purposes. Applicants may choose to apply using Singpass/MyInfo with their consent — only the information required for the application and authorised by the applicant will be retrieved.

Question 5

Does submitting an enquiry guarantee approval?

Accepted Answer

No. Submission does not guarantee any outcome. We make no claims of guaranteed approval, instant approval, lowest rates, or no-rejection financing.

Frequently Asked Questions

Is OneCompare a bank or a lender?

Who makes the loan decision?

Who are the Network Partners?

How is my personal data handled?

Does submitting an enquiry guarantee approval?