Singapore’s bank loans rose to SGD 854.0 billion in July 2025, up from SGD 853.3 billion in June, marking the highest level since records began in 1980. The increase was driven primarily by a rise in consumer loans, which climbed to SGD 334.5 billion from SGD 332.6 billion in June. Within consumer lending, gains were recorded in housing and bridging loans (SGD 238.1 billion vs SGD 237.2 billion in June), car loans (SGD 8.6 billion vs SGD 8.5 billion), share financing (SGD 0.56 billion vs SGD 0.53 billion), and others (SGD 70.7 billion vs SGD 69.7 billion). Meanwhile, business loans declined slightly to SGD 519.5 billion, from SGD 520.7 billion in June. The drop was mainly due to agriculture, mining & quarrying (SGD 3.43 billion vs SGD 3.72 billion), general commerce (SGD 88.2 billion vs SGD 90 billion), and financial and insurance activities (SGD 130.4 billion vs SGD 133.4 billion).