Terms of Use

1. Our Service

OneCompare is a loan comparison and referral platform operated by ONECOMPARE SOLUTION PTE. LTD.

We are not a lender, bank or financial institution. We do not provide loans, make lending decisions or guarantee approval. We connect users with our partners (including network partners, licensed financial institutions and banks). All approvals, eligibility, interest rates, fees and loan terms are determined solely by the relevant provider.

2. Your Responsibilities

By using our website, you agree to:

• Provide accurate and complete information.
• Use our website only for lawful purposes.
• Not misuse or attempt to gain unauthorised access to our website or systems.
• Comply with all applicable laws.

We may suspend or terminate your access if we reasonably believe these Terms have been breached or fraudulent, unlawful or abusive activity has occurred.

3. Intellectual Property

All content on this website, including text, graphics, logos, trademarks, software and website design, is owned by or licensed to us and is protected by applicable intellectual property laws.

You may not copy, reproduce, distribute, modify or otherwise use any content without our prior written consent.

4. Disclaimer

OneCompare is a loan comparison platform and not a lender. The information on this website is provided for general information only and does not constitute financial, legal or professional advice.

We do not guarantee loan approval, financing, interest rates, loan terms or any outcome. Any agreement is solely between you and the relevant provider.

Our website and services are provided on an 'as is' and 'as available' basis without warranties to the maximum extent permitted by law.

5. Cost of Borrowing & Key Disclosures

OneCompare does not provide credit and does not charge borrowers a platform, search or referral fee. Loan approval, amount, interest rate, fees and repayment terms are determined solely by the participating licensed lender.

Repayment periods offered by participating lenders range from a minimum of 3 months to a maximum of 60 months (renovation financing from 12 months; business financing from 6 months).

Maximum APR: 98.2% APR for personal and renovation borrowing, and 48% APR for business financing. Bank personal loans typically range from about 6% to 15% APR and bank renovation loans from about 5% to 10% APR. The 98.2% figure is the statutory worst case where the borrowing is taken with a Singapore-licensed moneylender charging the legal maximum 4% interest per month plus the maximum 10% administrative fee.

Representative example (typical bank personal loan): borrow S$10,000 over 36 months at 4.0% per annum flat (APR approximately 7.7%): 36 monthly repayments of S$311.11; total amount repayable S$11,200. Worst case (licensed moneylender at the statutory maximum): borrow S$10,000 over 12 months at 4% interest per month on a reducing balance with a 10% administrative fee of S$1,000 deducted on disbursement (net advance S$9,000): 12 monthly repayments of S$1,065.52; total amount repayable S$12,786.24; total cost of credit S$2,786.24; APR 98.2%.

• Banks and financial institutions: processing/handling fee typically 0-3% of the approved amount, insurance premium where required, late-payment charge typically S$80-S$120, early-settlement fee where applicable.
• Licensed moneylenders: administrative fee up to 10% of principal (one-off, on approval), late interest up to 4% per month on the overdue amount, late fee up to S$60 per month.
• OneCompare charges borrowers nothing — no platform, search or referral fee.

Rates, fees and eligibility vary by lender and applicant profile. APRs above are calculated on the examples shown and include all compulsory fees. Figures are illustrations only and are not an offer of credit.

6. Limitation of Liability

To the maximum extent permitted by law, we are not liable for any loss, damage, cost or expense arising from your use of, or inability to use, our website or services, including any reliance on information provided, loan decisions made by our partners, website interruptions, technical failures, cyberattacks, unauthorised access, data loss, third-party services, or events beyond our reasonable control.

Nothing in these Terms excludes or limits any liability that cannot be excluded under the laws of Singapore.

7. Third-Party Services

Our website may contain links to third-party websites or services. We are not responsible for their content, privacy practices or services. Your use of any third-party website is at your own risk and subject to its own terms and policies.

8. Indemnity

You agree to indemnify and hold us harmless against any claims, losses, liabilities, damages, costs and expenses (including reasonable legal fees) arising from your breach of these Terms, misuse of our website or services, violation of applicable law, or infringement of any third-party rights.

9. Changes to These Terms

We may update these Terms from time to time. Any changes take effect once published on this website. Your continued use of our website or services constitutes your acceptance of the updated Terms.

10. Governing Law

These Terms are governed by the laws of the Republic of Singapore. Any dispute arising from these Terms or your use of our website shall be subject to the exclusive jurisdiction of the courts of Singapore.