Best crypto loans in Singapore
Borrowers in Singapore have two broad routes to a crypto-backed loan. The 5 DeFi protocols we track are permissionless software — accessible to anyone in Singapore with a self-custodial wallet, no account required. The 5 CeFi lenders are companies whose availability in Singapore depends on their licensing and where they choose to operate, so eligibility should always be confirmed on the platform itself.
The table below ranks every platform in our index by borrow rate. We do not gate it by region because DeFi access is global and CeFi terms change frequently; instead, use it to shortlist options, then verify that a given CeFi lender serves Singapore before applying.
Every crypto lender we track, ranked by borrow rate. DeFi protocols are globally accessible; confirm CeFi availability for Singapore.
| Platform | Borrow APR | Max LTV | KYC | Custody | Apply |
|---|---|---|---|---|---|
NexoCeFi | 1.9–18.9% | 50% | Required | Third-party | Apply |
CompoundDeFi | 2.7–6% | 83% | No KYC | Self-custody | Apply |
AaveDeFi | 4–8% | 80% | No KYC | Self-custody | Apply |
MorphoDeFi | 4–9% | 86% | No KYC | Self-custody | Apply |
MakerDAO (Sky)DeFi | 5–9% | 80% | No KYC | Self-custody | Apply |
YouHodlerCeFi | 5.9–12% | 90% | Required | Third-party | Apply |
LednCeFi | 9.25–11.9% | 50% | Required | Third-party | Apply |
FirefishDeFi | 10.9–15% | 50% | Required | Self-custody | Apply |
CoinRabbitCeFi | 11.95–16.8% | 90% | No KYC | Third-party | Apply |
UnchainedCeFi | 14–16.21% | 50% | Required | Collaborative | Apply |
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Regulation in Singapore
Singapore regulates crypto service providers through the Monetary Authority of Singapore under the Payment Services Act, with licensing and strict anti-money-laundering standards. Licensed CeFi platforms serve Singapore residents, and DeFi protocols are reachable via a self-custodial wallet. Singapore is a established crypto hub, though MAS has steadily tightened retail-facing rules.
This is general information, not legal advice. Rules change — verify the current position with a qualified professional in Singapore.
Tax considerations in Singapore
Singapore does not levy capital-gains tax, which shapes how crypto gains are treated for most individuals, though trading as a business can be assessed differently. Borrowing against crypto is not a sale. Our tax guide gives the general picture; consult a Singapore tax adviser for your circumstances.
DeFi or CeFi in Singapore?
For most Singapore borrowers who already self-custody, a DeFi protocol is the most reliably accessible option — there is no jurisdiction check to pass, and rates start at 1.90% APR. The trade-off is that you manage the wallet, gas, and liquidation risk yourself.
If you want fiat paid to a local bank account, human support, or a fixed-style rate, a CeFi lender is the better fit — provided it serves Singapore. Because licensing varies, two Singapore residents can find different platforms available to them depending on product and timing, so treat our list as a starting point rather than a guarantee of access.
Frequently asked questions
- Can I get a crypto loan in Singapore?
- Generally yes. DeFi protocols are accessible to Singapore residents with a self-custodial wallet, and a number of CeFi lenders serve the region too — though CeFi availability depends on each platform's licensing, so confirm eligibility before applying.
- Are crypto loans legal in Singapore?
- Using a crypto-backed loan is generally permissible for individuals, but Singapore applies its own regulatory framework and you remain responsible for compliance and reporting. This is general information, not legal advice — consult a local professional for your situation.
- Do I pay tax on a crypto loan in Singapore?
- In most jurisdictions, taking a loan is not itself a taxable event because borrowing is not a sale — but a liquidation can be. Singapore does not levy capital-gains tax, which shapes how crypto gains are treated for most individuals, though trading as a business can be assessed differently. See our tax guide and confirm with a local tax professional.
- Which type of platform is best for Singapore borrowers?
- It depends on your priorities: DeFi protocols offer the most reliable access and lowest rates but require self-management, while CeFi lenders offer fiat payouts and support where they are licensed to serve Singapore.
Related
- Crypto loan tax guideHow crypto loans, repayments and liquidations are generally taxed.
- DeFi vs CeFi loansWhich model fits you — non-custodial protocols or managed lenders.
- Crypto loan calculatorModel your loan, LTV and liquidation price before you borrow.
- Crypto loans in United StatesPlatforms, rates and tax notes for United States.
- Crypto loans in United KingdomPlatforms, rates and tax notes for United Kingdom.
- Crypto loans in CanadaPlatforms, rates and tax notes for Canada.