In October 2025, Singapore's banking sector saw a new peak in loan disbursements, reaching SGD 866.1 billion, surpassing the previous month's figure of SGD 863.8 billion. This growth was primarily fueled by an upswing in consumer loans, which increased from SGD 339.7 billion to SGD 342.5 billion. The rise was notably driven by higher demands for housing and bridging loans, which climbed from SGD 240.0 billion to SGD 241.4 billion, alongside car loans, which rose slightly from SGD 8.9 billion to SGD 9.0 billion. Credit card loans also saw a marginal increase from SGD 17.0 billion to SGD 17.1 billion, while other personal loans expanded from SGD 73.2 billion to SGD 74.3 billion.
In contrast, business loans experienced a slight decline, falling to SGD 523.6 billion from September's total of SGD 524.0 billion. This decrease was largely due to reduced lending in the manufacturing sector, down to SGD 26.6 billion from SGD 26.8 billion, alongside agriculture, mining, and quarrying, which dipped to SGD 3.2 billion from SGD 3.4 billion. Building and construction loans also contracted, decreasing from SGD 181.2 billion to SGD 179.7 billion. However, there was a modest increase in loans for general commerce, which rose from SGD 90.1 billion to SGD 90.3 billion, as well as in the transportation, storage, and communication sectors, which slightly increased from SGD 44.2 billion to SGD 44.3 billion.
