Singapore’s bank loans rose to a fresh record high of SGD 866.1 billion in October 2025, up from SGD 863.8 billion in September, supported by increases in consumer loans. Consumer loans rose to SGD 342.5 billion from SGD 339.7 billion, driven primarily by higher housing and bridging loans (SGD 241.4 billion vs 240.0 billion in September), car loans (SGD 9.0 billion vs 8.9 billion), credit card loans (SGD 17.1 billion vs 17.0 billion), and other personal loans (SGD 74.3 billion vs 73.2 billion). Meanwhile, loans to businesses fell to SGD 523.6 billion in October from SGD 524.0 billion in September, driven by lower lending in manufacturing (SGD 26.6 billion vs 26.8 billion), agriculture, mining, and quarrying (SGD 3.2 billion vs 3.4 billion), and building & construction (SGD 179.7 billion vs 181.2 billion). By contrast, loans rose slightly for general commerce (SGD 90.3 billion vs 90.1 billion) and transportation, storage & communication (SGD 44.3 billion vs 44.2 billion).