In June 2025, bank loans in Singapore escalated to SGD 853.3 billion, up from SGD 844.6 billion in May, marking a record high since tracking began in 1980. This increase was attributed to a rise in lending to both businesses and consumers. Business loans climbed to SGD 520.7 billion, compared to May's SGD 515 billion, while consumer loans increased to SGD 332.6 billion from SGD 329.6 billion in the previous month.
Among businesses, notable loan increments were observed in several sectors. The agriculture, mining, and quarrying sector saw loans increase to SGD 3.72 billion from SGD 3.71 billion. Manufacturing loan volumes rose to SGD 23.9 billion from SGD 23.4 billion. Additionally, the general commerce sector experienced a rise to SGD 90 billion from SGD 88 billion, while the transport, storage, and communication sector saw lending grow to SGD 43.1 billion from SGD 41.2 billion. Financial and insurance activities also noted an uptick, with loans amounting to SGD 133.4 billion compared to SGD 132.9 billion in May.
On the consumer front, there were widespread increases across various loan types. Housing and bridging loans expanded to SGD 237.2 billion from SGD 235.7 billion. Car loan borrowings slightly increased to SGD 8.5 billion from SGD 8.4 billion. Credit card debt also grew marginally to SGD 16.7 billion from SGD 16.6 billion. Share financing saw a rise to SGD 0.53 billion up from SGD 0.49 billion, and other types of consumer loans reached SGD 69.7 billion, up from SGD 68.4 billion in the previous month.
