Oversharing, AI posts and other faux pas: Why you're using LinkedIn wrong
Oversharing, AI posts and other faux pas: Why you're using LinkedIn wrong
SINGAPORE – A widely circulated meme mocking LinkedIn entries goes like this: 'When I was a little girl, I always dreamed of growing up to satisfy user needs in a way that meets business goals for transformative outcomes.'
While the post is satirical, its virality hints at how it captures the unique – and often cringeworthy – way that people write on LinkedIn.
The professional networking platform, which launched in 2003, is where humble-bragging routinely meets oversharing . U sers find ways to draw leadership life lesson s from the most mundane of daily activities, such as conversations with a taxi driver or doing a presentation.
Such oversharing is not without consequences.
In May, Singaporean LinkedIn user Janney Hujic, who runs tour agency Elysian Expeditions, posted about a life lesson learnt from meeting former DBS Group chief executive Piyush Gupta – only for Mr Gupta to later comment: 'Sorry to disillusion you. That isn't me!'
I f not for the mistaken identity, Ms Hujic's post would probably have gone unnoticed on the platform. LinkedIn has over one billion users worldwide – more than four million of whom are based in Singapore – all plugging their own professional and personal pursuits.
Many of the initial comments lauded her for writing about this fortuitous 'chance encounter'. Even after Mr Gupta weighed in to dispute the account , some commenters suggested that the post , left up for a week, could draw attention to Ms Hujic's tour company. But at the end of May, her LinkedIn account was gone.
What is the line between authenticity and misreading the room? Between clout-chasing and networking? Being vulnerable and oversharing?
The Straits Times spoke to recruiters, public relations experts and LinkedIn's 'top voices' to find out why you are likely using LinkedIn wrong.
Here are five questions to ask before you post.
1. Is it cringe or 'context collapse'?
When you post on LinkedIn, for whom should you be writing ? Y our future boss? A potential recruiter or hiring manager? Your current colleagues? Perhaps your old schoolmates or industry acquaintances?
While you might imagine a particular audience, the answer is really: 'All of the above.'
Internet researchers have coined the term 'context collapse' to refer to how social media creates a form of communication that collapses many distinct social contexts into one.
Offline, it is an easy feat to change your tone and language when schmoozing with your boss, sharing workplace gossip with a confidant or impressing a recruiter.
Online, these contexts are flattened into a single feed that all of these potential audiences – and your mum and mother-in-law – can access.
This partly explains why many LinkedIn posts feel 'cringe'. Users often post to impress future hiring managers or build a specific follower base, which is perhaps an expectation that current colleagues or general audiences might not share.
It also explains why certain posts land their creators in hot water.
Posts on LinkedIn are visible not only to one's target audience, but also to the public.
PHOTO: LINKEDINLUNATICS
Ms Bethany Bloch, managing editor at public relations firm Mutant Communications, says leaders need to be mindful of the opinions they share, as well as prevailing public sentiment.
'We saw what happened with the now former vice-president of the Law Society of Singapore , which is a classic example of oversharing that led to a PR crisis for them and a personal crisis for him ,' she says, referring to Mr Chia Boon Teck, who resigned from his position after he penned a LinkedIn post in March which was seen as casting blame on a rape survivor.
Mr Chia likely expected his post to stay within a small circle of friends in the legal fraternity. However, context collapse meant that strangers – including those on Facebook and Instagram – who held divergent viewpoints became his audience, judge and jury.
Recruitment experts speaking to ST affirm the importance of being wary about one's LinkedIn activity, noting that it is now common practice for recruiters to look through a candidate's posts to assess his or her personality and values , and identify potential red flags .
2. Are you authentic enough?
Nearly all experts speaking to ST identified 'authenticity' as an important trait to project on LinkedIn , but it is an amorphous concept that defies definition.
'Beyond qualifications, cultural and personality fit are critical factors in the hiring process,' says Ms Jaya Dass, Asia-Pacific managing director at human resources firm Randstad Enterprise, who notes that she sees inappropriate jokes and personal rants as red flags.
On the other hand, insightful content about personal takeaways – instead of merely posting often – and posts showing appreciation for colleagues are her green flags.
Content that drives the most engagement on LinkedIn includes business news – earnings, mergers and organisational changes – as well as career advice and industry trend perspectives, says Ms Serla Rusli, a LinkedIn career expert and senior editor at LinkedIn News.
Who is posting matters. She notes that more business leaders are using LinkedIn to explain the how and why behind major professional decisions, citing a 52 per cent increase in posts from chief executives over the past two years. These average eight times more impressions and four times more engagement than posts from others.
There has been a 52 per cent increase in posts from chief executives in recent years, though engagement may not always be positive.
PHOTO: LINKEDINLUNATICS
Sharing videos is another approach to consider. Ms Rusli notes that video is a fast-growing format on LinkedIn, with time spent watching videos up by 36 per cent as at April.
Ms Christel Goh, chief executive of local public relations agency Grow Public Relations, warns against overusing personal stories , a common trope on LinkedIn.
'There's a fine line between meaningful sharing and oversharing. When every moment becomes a 'teachable lesson', it can feel forced, cringey or overly dramatic,' she adds.
An overemphasis on achievements, using the platform to shame and blame others, and an excessive dependence on artificial intelligence (AI) to generate content are other common mistakes on the platform .
LinkedIn users' frequent overemphasis on achievements and 'teachable' moments is often satirised.
PHOTO: LINKEDINLUNATICS
'LinkedIn is a professional networking space, and because of its nature, many users feel compelled to present a highly polished, positive image of themselves,' Ms Goh says.
'While this might seem appropriate for a professional platform, the overly curated and idealised tone can come across as unrealistic. People don't typically communicate in such a polished manner in everyday life. '
The key is setting editorial guidelines for yourself, says Dr Juliana Chan, a LinkedIn Top Voice with more than 100,000 followers, and former Massachusetts Institute of Technology scientist-turned-branding-coach who prides herself on speaking 'fluent LinkedInese' .
''Does this story serve my professional audience? Does it add value or context to my expertise and job as a branding coach?' If yes, I'll share it authentically. If it's just unnecessary personal drama or random life updates, it stays private,' she says.
She points to a post she made in November about her father's death in 2024 because she had written about him on LinkedIn in the past. She sees this as professionally relevant context because it 'helped people see that I am only human and not some digital avatar'.
The challenge lies in where to draw these lines. What constitutes oversharing versus insight? Bluntness versus offence? The inherent risk of using LinkedIn as a platform is that not everyone agrees on boundaries. Unfortunately, any misjudgments are linked to your employer and a detailed resume.
For another LinkedIn Top Voice and founder of career development organisation The Mindgem, Ms Ratna Juita, the answer lies in understanding that you cannot please everyone.
'In today's attention economy, appealing to everybody means appealing to nobody,' she says. ' Embrace strategic polarisation. Take clear stands on industry issues, share your unique perspectives and don't be afraid to repel the wrong audience while attracting the right one.'
3. How are you using your connections?
One of LinkedIn's most important functions is the ability to connect with others. But this, too, can be a potential source of networking faux pas.
Ms Yeo Sha-En, a professional speaker and LinkedIn Top Voice, considers immediately asking for something upon reaching out to be a networking red flag.
'In the case of networking or mentorship, this is equivalent to meeting someone for the first time and expecting him or her to give you something,' she says. 'People need time to get to know you before they can mentor you.'
Similarly, Dr Chan thinks it is a common networking mistake to send connection requests without adding a custom note.
'If I receive 100 connection requests, often only two to three of them have a thoughtfully written custom note attached to it,' she says. ' Every single time, I consider these requests first.'
Ms Juita says: 'Strategic networking isn't about collecting contacts. It's about building a community of mutual support and shared professional growth.' She highlights the importance of finding ways to turn online connections into offline ones and setting healthy boundaries on what you should share .
Being retrenched in 2018, she adds, taught her a hard lesson on the importance of establishing a personal brand that extends beyond a single company or employer .
'The traditional employment contract where loyalty guaranteed job security no longer exists,' she says. 'Companies restructure, industries evolve and even the most dedicated employees can find themselves unexpectedly looking for new opportunities.
'When that happens, your LinkedIn network isn't just helpful, but it can also be your lifeline.'
4. Is sharing your layoff a good idea?
Posting about being #opentowork or a recent layoff has become a common LinkedIn trope, but is sharing such news online a good idea?
Nearly all recruitment experts who spoke to ST say being open about a layoff is a useful way to put yourself on the radar of recruiters – and get some much-needed support from others .
'From a recruiter's perspective, layoffs are rarely seen as a negative mark, especially given today's economic climate,' says Ms Kris Tan, an associate partner at recruitment firm Page Executive.
'Authenticity is a valued quality in candidates, and many employers appreciate when individuals are transparent about their job search efforts.'
Recruiters say it often comes down to discoverability.
'Recruiters monitor these posts, and such announcements can increase visibility and encourage referrals,' says Ms Ilse Clement, senior consultant for human resources and business support at recruitment agency Robert Walters Singapore.
' Be tactful and forward-looking. Frame it as a transition rather than a setback,' she adds.
Ms Clement also notes that active LinkedIn users who post regularly and engage with others are more likely to appear in search results due to the platform's algorithm.
As recruiters use keywords to find candidates, it is important that your profile includes relevant industry terms, skills and certifications.
Candidates can also use LinkedIn's built-in 'Open to Work' feature to discreetly signal to recruiters that they are open to opportunities.
Not everyone agrees with this approach. Dr Leon Qiu, a PhD graduate from the Singapore Management University and prolific LinkedIn poster , believes that signalling you are #opentowork – using the platform's built-in profile frame – can be 'self-sabotage '.
'It hurts your chances and negotiating power. It signals to the job market you are of poorer labour quality,' he says. ' Conversely, if you are open to hire, you have greater power and are perceived to be more capable. But it's just my hypothesis.'
5. Falling for the 'thought leadership' trap?
Considering the effort required and the many reputational risks, why post on LinkedIn at all?
The answer usually revolves around 'thought leadership', one of LinkedIn's most persistent buzzwords. The term refers to establishing oneself as an authority in a field.
Advocates see it as genuine expertise that influences industries and drives change. Sceptics argue it is little more than dressed-up self-promotion, recycled ideas and meaningless business jargon.
The desire for 'thought leadership' has created a lucrative industry around it , where it has become common practice for public relations agencies to sell thought leadership as a service – meaning the creation of op-eds and, at times, LinkedIn posts for a tidy sum .
Ms Charu Srivastava, co-founder of communications consultancy firm TriOn & Co, says her firm works with clients on LinkedIn strategy and thought leadership content development.
'The main reason they come to us is to ensure quality, authenticity and a consistency of LinkedIn engagement,' she says.
'The clients have full oversight of the content, and we incorporate their personal voice and nuances in the content development process. This provides our clients with the balance of strategy and guidance with full ownership of their profiles.'
But AI also adds a new dimension to this , with many users turning to generative AI tools like ChatGPT to create posts and insights.
Nearly all experts ST spoke to highlighted mindlessly using AI without supervision to create a flood of generic content as a flaming red flag.
'One of the biggest mistakes is posting content just for the sake of it,' says Ms Srivastava. 'There is more of this happening on LinkedIn these days, due to the increasing use of GenAI to create content.'
'There is a running joke about how people post about the most mundane professional developments with a 'LinkedIn flair',' she adds, noting that many users inflate achievements, and conflate their personal and professional lives.
Recognising the reality that many posts are not written by users themselves – the platform has even introduced a feature to use AI-generated responses as comments – is key to understanding that not all engagement on the platform is meaningful.
As such, the quest for engagement on the platform can sometimes be a performative trap, reinforcing that virality is far from the equivalent of becoming a thought leader.
This is especially true for those who create generic listicles and inspirational quotes without a clear point of view, say experts.
Dr Chan says 'not everyone needs to build an audience on LinkedIn'. For entrepreneurs, consultants and executive coaches – as well as those seeking speaking opportunities or board positions, or being headhunted – active engagement makes sense.
For others, it may not.
Her advice: Focus on 'signature content' that stems from your unique experience and cannot be replicated by others .
'Likes on LinkedIn don't pay the bills,' she says. 'It is more financially productive to attract people who want to collaborate with you. Every post should increase your 'surface area of luck' if done correctly.'
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AsiaOne
8 hours ago
- AsiaOne
9 best personal loans in Singapore with lowest interest rates (August 2025), Money News
If you're in urgent need of money, but are too paiseh to borrow from your family and friends, your best bet is probably a personal loan. With a personal loan, you borrow cash from a bank or financial institution and pay them back in fixed instalments over an agreed period. But you'd typically need to meet a couple of eligibility requirements before you get it approved. Stuff like your income and credit history. In this article, I'll break down the key terms you'll come across frequently while browsing loan listings — plus highlight the best personal loans currently available in Singapore. Note: Interest rates are approximate and may vary based on individual credit profiles and prevailing market conditions. Please consult the respective banks for the most accurate and up-to-date information. Here are the current starting interest rates on offer from the most popular personal loan providers in Singapore. We'll use the example of a Singapore citizen earning $3,500 a month, who wants to borrow $10,000 and repay it over three years. Personal loan Interest rate and Effective Interest Rate (EIR) Processing fee Monthly repayment Eligibility DBS/POSB Personal Loan 1.99per cent (EIR 4.17per cent) 1per cent ~$294 – Singaporean/PR – Foreigners with existing Cashline and/or Credit Card account – Min. S$20,000 annual income – Existing DBS/POSB customers Trust Instant Loan 1.99per cent (EIR: 3.80per cent) 0per cent ~$294 – Singapore Citizen/PR: $30,000 – Foreigner: $60,000 – Must have a Trust credit card CIMB Personal Loan 1.86per cent (EIR 3.56per cent) 0per cent ~$319 – Singapore Citizen/PR: $20,000 – Malaysian (residing in SG): $30,000 UOB Personal Loan 1.85per cent (EIR 3.40per cent) 0per cent ~$293 – Singapore Citizen/PR: $30,000 – UOB Credit Card/CashPlus customer Standard Chartered CashOne 1.60per cent (EIR: 3.07per cent) 0per cent ~$283 – Singapore Citizen/PR: $30,000 – Foreigner (with EP): $90,000 GXS FlexiLoan 1.88per cent (EIR 3.47per cent) 0per cent ~$302 – Singapore Citizen/PR: $20,000 HSBC Personal Loan 2.20per cent (EIR: 4.00per cent) 0per cent ~$296 – Singaporean/PR: $30,000 (salaried workers)$40,000 (self-employed or commission-based workers) – Foreigner (with EP): $60,000 Citi Quick Cash with Ready Credit (New Customers) 3.45per cent (EIR: 6.50per cent) 0per cent ~$306 – Singaporean/PR: $30,000 – Foreigner: $42,000 Applicable to new Citi Credit Card or Citibank Ready Credit account holders only. OCBC's ExtraCash Personal Loan 5.42per cent (EIR 10.96per cent) For income S$20K – S$30K p.a.: $100. For income above S$30K p.a. : $200 or 2per cent of the approved loan amount, whichever is higher ~$323 – Singaporean/PR above 21 years old: $20,000 – Foreigner above 21 years old: $45,000 2. Hold up. What do interest rate, EIR and processing fees mean? There's quite a bit of jargon here, so let's go through some points of confusion that may be swimming around in your head. Interest rates Notice that interest rates are quoted as 'from Xper cent' instead of being stated simply as 'Xper cent'? That's because personal loans are pretty dynamic as they all depend on factors such as your credit history and the loan amount. EIR EIR stands for Effective Interest Rate . Taking into consideration other fees (like processing fee; see next point) and the loan repayment schedule, it is a more accurate reflection of the cost of borrowing than the advertised interest rates. Processing fees This is the main hidden cost of personal loans and is worth highlighting. The processing fee is deducted from the principal—meaning, for a $10,000 loan with a $100 (or 1per cent) processing fee, you get only $9,900 in cash. As a borrower, you might not 'feel' it, but it does eat into your funds and increase the cost of borrowing. Now, let's walk through the nine featured personal loan packages. 3. DBS/POSB Personal Loan The DBS/POSB personal loan is only open to existing DBS/POSB customers. If you already have (1) a DBS/POSB Cashline account or have a DBS/POSB credit card and (2) credit your salary into a DBS or POSB deposit account, you can get the cash disbursed instantly. The loan is open to Singaporeans and PRs, as well as foreigners with DBS/POSB Cashline or credit card accounts. You must be aged 21 to 70 years with a minimum annual income of $20,000 — this opens up DBS/POSB personal loans to include slightly older groups of people and lower income earners compared to other banks. Like the Standard Chartered CashOne loan, you don't need to earn a regular salary to be eligible for this loan. Self-employed individuals and commission earners can also apply. DBS's personal loan promises interest rates as low as 1.99 per cent. There is a processing fee of 1per cent, bringing the lowest possible EIR to 4.17 per cent. Loan tenures of six months to five years are available. Do note that these are the lowest possible rates and the actual interest rate depends on what DBS is prepared to extend to you. Note that there's also a 3per cent unlimited cashback deal if you apply now. 4. Trust Instant Loan (Trust personal loan) When they say "instant", they mean it. Trust's personal loan, called Trust Instant Loan, disburses cash to you in just 60 seconds with the Trust credit card. This is how it works: You have a Trust credit card with a certain available credit balance at any one point in time. The Trust Instant Loan converts a portion of that balance into cash for you. Spend that cash on anything you want! The Trust Instant Loan is open to all Trust customers. Given how it works, as I just explained above, you do need to have a Trust credit card to be eligible. But this isn't a bad thing — for one thing, it makes repaying the loan seamless. Each month, you'll see your loan instalment charged to your credit card bill. To pay the instalment, simply pay through your credit card statement via your Trust App. The Trust Instant Loan is also extra affordable with an interest rate starting from just 1.99 per cent p.a. (EIR from 3.80 per cent p.a.). They also charge no processing fees, annual fees, or the like. However, there is a three per cent early repayment fee on your remaining loan amount if you repay the rest of your loan early. The Trust Instant Loan is open to Singapore Citizens, PRs, and Foreigners aged 21 to 65 years old. You could be a salaried worker, commission-based, or self-employed as long as your annual income is $30,000 for Singaporeans or $60,000 for Foreigners. Trust Instant Loan x MoneySmart promotion Snag awesome welcome gifts when you apply for a Trust Instant Loan with MoneySmart. Up to $1,200 cash via PayNow Apple iPhone 16 Plus (worth $1,399) Apple iPad Air (worth $899) Sony PS5 (SLIM) Digital (worth $669) PLUS S$10 FairPrice E-Vouchers from Trust (if you sign up with referral code MONEYSMT). New-to-Trust customers only. T&Cs apply. 5. CIMB Personal Loan The CIMB Personal Loan is another personal loan that comes with no processing fees. Its interest rate comes in at 1.86 per cent p.a. (EIR 3.56 per cent p.a.), making it the next lowest after Trust. You also get flexible loan tenure options of 12, 24, 36, 48 or 60 months. On top of low interest rates, CIMB is also offering a 10 per cent cashback promotion and a $188* welcome gift to sweeten the deal. As far as eligibility goes, the CIMB Personal Loan is fairly standard. It's open to Singapore Citizens and Singapore PRs with a minimum annual income of $20,000, and to Malaysians earning at least $30,000 a year. You'll also need to be 21 to 70 years old-that maximum age sits between the Citibank and DBS personal loan age limit. There's no prerequisite to have a CIMB Bank Account or CIMB credit card before you apply, so go ahead as long as you meet the criteria above. Like any personal loan, you'll incur a penalty fee if you try to repay it early. For the CIMB Personal Loan, this fee is 3per cent of the outstanding loan amount or $250, whichever is higher. *T&Cs apply. 5. UOB Personal Loan UOB's personal loan is only open to existing UOB credit cardholders or CashPlus customers who are Singaporeans, PRs aged 21 to 65. You'll also need to be a salaried worker earning at least $30,000 a year. Not an existing UOB customer? You'll have to get a UOB credit card or CashPlus to apply for a UOB Personal Loan. The interest rate is from 1.85 per cent p.a. for loan periods of 12, 24, 36, 48 or 60 months , with a 3.40 per cent p.a. EIR . While UOB used to only waive processing fees for loan periods 24 months and up, processing fees are now waived for all loan periods . If you're an existing UOB customer, you can get instant approval when you apply for your personal loan online. To further sweeten the deal, from now till Aug 31, 2025, you can get up to two per cent cash rebates for approved personal loans worth at least S$15,000 with repayment period between of 3-5 years. UOB Personal Loan x MoneySmart promotion (Gift fulfilment as fast as 4 weeks) Thinking of applying for a UOB Personal Loan? Apply via MoneySmart now to get a $500 bonus on top of gifts such as: Up to $1,200 cash via PayNow Apple iPhone 16 Plus (worth $1,399) Apple iPad (11-inches) (worth $899) Apple Watch Series 10 (worth $599) T&Cs apply. 6. Standard Chartered CashOne Standard Chartered CashOne personal loan is open to Singapore Citizens, PRs and foreigners with a Singapore Employment Pass aged 21 and above. The barriers to entry for the Standard Chartered CashOne personal loan have gone up slightly. The minimum annual income requirements are now $30,000 for Singaporeans and PRs and $90,000 for foreigners. You also don't necessarily need to be a salaried worker to apply — Standard Chartered is cool with salaried employees, variable/commission-based employees, and even self-employed individuals. You can apply for this personal loan online by signing in through Singpass and receive your loan disbursement within 15 minutes-it's super easy. There's no need to be an existing Standard Chartered customer to get this personal loan. So, it's fast — but is it also affordable? Standard Chartered charges an initial annual fee of $199 (deducted from your approved loan) for any loan tenure between one to five years. From the second year onwards, you won't have to pay any more annual fees — unless you miss any instalments, in which case you will pay $50 in annual fees for that year. Plus the late payment fee of $100. If you pay your full monthly instalment on time for the first six months, you won't have to worry about late penalties. After that, you'll have the flexibility to pay just the minimum — whichever is lower: $50 or one per cent of your approved monthly principal. So taking the $199 annual fee into consideration, I'd say CashOne is more worthwhile if you're taking out a big loan. Interest rates are advertised as starting from 1.60 per cent (lowest I've ever seen it), working out to an EIR of 3.07 per cent and above. In reality, interest rates are personalised, so yours might differ from this example. Standard Chartered CashOne x MoneySmart promotion Apply for a Standard Chartered CashOne loan via MoneySmart to get attractive gifts like: Up to $1,200 cash via PayNow Apple MacBook Air (13-inch)(worth $1,499) Apple iPad (11-inch)(worth $899) Sony PS5 (SLIM) Digital Edition (worth $669) T&Cs apply. 7. HSBC Personal Loan HSBC's personal loan is open to Singaporeans and PRs aged 21 to 65 years old with an annual income of $30,000 and above for salaried workers, and $40,000 for self-employed or commission-based workers. Foreigners must earn at least $60,000 a year and have an employment pass with at least six months' validity. The best part about HSBC's personal loan is its long loan tenure of up to seven years — currently the longest loan tenure in Singapore. So if you need to borrow a large sum but can't afford high monthly repayments, HSBC's personal loan is definitely one you should consider. HSBC has dropped their promotional interest rates even further now starting from 2.20 per cent p.a. with an EIR from 4.00 per cent p.a. with no processing fees. Remember, however, that actual interest rates will vary from person to person. Another factor to consider is that HSBC's personal loan comes with an annual fee of $120, and only the first year's fee is waived. Don't miss your payments, or you'll be subject to a $120 late payment fee. 8. GXS FlexiLoan GXS is a digital bank that's 60 per cent owned by Grab and 40 per cent owned by Singtel. Now, don't be dissuaded by the idea of a digital bank. Like any regular bank, GXS offers customers a personal loan — and a pretty good one at that. With a loan tenure between two and 60 months, GXS FlexiLoan interest rates start from 1.88 per cent p.a., with an EIR of 3.47 per cent p.a.. However, up till Aug 31, 2025, you could enjoy one per cent OFF your Interest Rate (awarded in the form of cashback) when you apply for a $10,000 loan with 12 month tenure with the code "MSDEAL". There's also an exciting SG60 promotion going on where GXS will cover all your interest for the first 60 days. This means you enjoy a completely interest-free period right at the start, potentially saving you hundreds, or even thousands, of dollars. Simply name your loan "SG60" when you apply. On top of all that, GXS FlexiLoan doesn't charge any annual, processing, early repayment or late fees — something almost unheard of when it comes to loans from your traditional banks. You heard that right, repay your loan early with no extra charges! However, GXS will charge you late interest if your repayments are late, so you won't get off scot-free. One downside to the GXS FlexiLoan is that foreigners aren't eligible. It's only for Singapore Citizens and Singapore Permanent Residents between 21 and 65 years old. The minimum annual income is $20,000. GXS FlexiLoan x MoneySmart promotion (Gift fulfilment as fast as 2-3 months) Apply for a GXS FlexiLoan via MoneySmart and get your hands on a bonus $500 cash along with some incredible welcome gifts: Up to $1,200 cash Apple MacBook Air (13-inch)(worth $1,499) T&Cs apply. 10. Citibank Quick Cash with Ready Credit (New Customers) I'm going to preface this by saying that the 3.45 per cent (EIR from 6.5 per cent) interest rate for the Citi Quick Cash personal loan is only available to customers who are completely new to Citibank loans. If you already have a Citibank loan, you'll be given a higher interest rate. The plus point for this one is definitely the ease of getting your funds. You'll be easily able to convert the credit balance on your Citi Credit Card or Citibank Ready Credit account into cash. Just log into the Citi Mobile App, key in the amount of cash you need and you can get the funds pretty much instantly. Citi Quick Cash is open to Singapore Citizens and PRs (salaried or self-employed) with a minimum annual income of $30,000, and foreigners with an annual income of at least $42,000. The eligible age range is 21 to 65 years. With Citibank's Quick Cash personal loan, you can choose a tenure of 12, 24, 36, 48, or 60 months-all with zero processing fees. You'll get a 3.56 per cent interest rate on Citibank's personal loan with a shorter 1-year tenure, or 3.45 per cent if you intend to extend your loan repayment to three years. While the interest rates differ according to tenure period, you'll get an EIR of 6.5 per cent for all. That said, don't take our word for it. Rates are customised, so what you get might not be exactly the same as the above screenshot. 11. OCBC ExtraCash Personal Loan While the OCBC ExtraCash Personal Loan has the highest interest rates (from 5.42 per cent p.a. / EIR from 10.96 per cent p.a.) on this list, it does come with some perks that might make it a solid choice for some. If you need a large loan, you can borrow up to six times your monthly income, with fixed repayments spread over 12 to 60 months. Like many of the other loans mentioned, it offers fast disbursement when you sign up via Myinfo. Plus, it has a relatively low entry requirement — just $20,000 in annual income for Singaporeans and PRs. You'll also be able to easily see a full breakdown of all your outstanding payments via internet banking. However, punctual repayments are a must. A late payment will set you back $80, and if you decide to restructure or repay early, you'll be charged a 3per cent fee on your outstanding balance. So, be sure of your loan tenure before committing! 12. Which personal loan should you choose? Whatever personal loan package you choose, opt for the smallest loan amount and shortest term you can comfortably manage . This will keep your interest payments to a minimum. Remember that the actual interest rate a bank offers you will depend on factors like your credit history, how much you want to borrow and for how long. So if you don't get offered the lowest advertised interest rates with one bank, you might want to compare that with what the other banks are willing to offer you. There are certain groups of individuals that may have a harder time taking out a personal loan. Older individuals : If you're above 65 years old, DBS/POSB and CIMB will let you apply for personal loans up to the age of 70 years. Those earning an annual income below $30,000 : Most of the loans I've listed above have a minimum requirement of about $20,000 annual income, so you have plenty of options if this pertains to you. Commission-based workers or self-employed individuals : Citibank Quick Cash, HSBC Personal Loan, DBS Personal Loan and Standard Chartered CashOne are good options. Some other banks may only accept salaried workers. 13. Term loan vs credit line - which should you choose? While researching personal loans, you might have come across many different loan types, some of which do not seem to fit what we described above. MoneySmart lists only term personal loans, which is when you borrow a fixed sum with a fixed repayment plan that you agree on before you see the cash. We usually recommend these loans because they have much lower interest rates. You can pay back slowly and steadily at a pace comfortable to your financial situation. Many banks also offer a personal line of credit-sometimes called a credit line, revolving loan, or even "flexible repayment loan". This is a pre-approved amount of money you can cash out in part or whole, but you need to repay it ASAP or else face sky-high interest rates. Don't fall for it unless you're absolutely confident you can pay the money back immediately. These days, most banks base their personal loans on either your personal line of credit or credit card limit. So you will need either a credit card or credit line to get the loan. However, it is still considered a term loan if it comes with a structured repayment plan. But before you sign up, understand that your credit cards with this bank will be as good as dead because you'll have effectively "spent" your credit on a cash loan. 14. Being in debt is not fun… But it can be prevented. If you must take out a loan, channel all your energies into paying it off on time to avoid late charges. In the meantime, re-examine your income and budget, making a note of everything you spend on, so you won't have to resort to loans again. Ideally, you should draw up a budget that gives you enough leeway to set aside some cash for the future without starving to death. You should also build up an emergency fund worth a few months' expenses. If you're hit with unforeseen circumstances, you can dip into this fund instead of having to take a loan. It's also a good idea to know what types of insurance you need. We recommend hospitalisation insurance at a bare minimum, and life insurance if you have dependents. Being sufficiently insured ensures that you don't get hit with huge bills if the unexpected happens. [[nid:720215]] This article was first published in MoneySmart .

Straits Times
12 hours ago
- Straits Times
Six-figure sales each durian season: Why durian sellers are now live selling on TikTok
Sign up now: Get ST's newsletters delivered to your inbox SINGAPORE – When Mr Raay Lim started selling durians in May 2020 during the Covid-19 circuit breaker, he expected the long hours and physical toil, but not the non-stop yapping that would come to define his job now. Growing up, communication was never his strong suit. He had a habit of stammering and stuttering, so a career as a live streamer was the furthest thing from his mind. He went into the durian business to facilitate conversations, not lead them. 'I started out because my grandma loved durians a lot. Every durian season, we' d lay out the newspaper, sit and eat together. It's something I'll always remember. So, I hope that by starting my business, I'll be able to replicate these family moments for other people,' says the 32-year-old Singaporean owner of Zen Zu Fu Durians, which operates from a kerbside stall in Tiong Bahru. He set up shop firs t i n Queenstown, the n S in Ming and Bedok, and finall y T iong Bahru. But each successive neighbourhood proved no warmer than the last, with residents reluctant to leave their homes during the pandemic. 'It was very hard to build up a neighbourhood base. You need to give customers a reason to choose you over other more established stalls.' To a young newcomer like him, it was clear that the traditional model of business – a bricks-and-mortar stall, steady base of neighbourhood regulars – no longer cut it. The answer, then, lay online, on the one app that was taking over the world: TikTok. Live selling has helped Mr Lim reach new audiences. ST PHOTO: KELVIN CHNG In June 2023, Mr Lim logged on and started live selling durians for the first time. It turned out to be the right move. Top stories Swipe. Select. Stay informed. Singapore 5 new walking trails allow hikers to explore heritage sites, win FairPrice, Cold Storage vouchers World Trump advises Ukraine's Zelensky to 'make a deal' with Russia after meeting Putin World Takeaways: Warm words contrast with cold reality of no deal at Trump-Putin summit Singapore Nowhere to run: Why Singapore needs to start protecting its coasts now Life Switching careers in middle age and beyond: How these Singapore professionals did it Asia 11,000 properties without power after 4.9-magnitude quake strikes near east coast of Australia Asia Move over, Labubu – Chiikawa is the new craze in Hong Kong Life English, physics, chemistry: These tutors take O-level exams every year About 70 per cent of his revenue now comes from TikTok Shop, where mao shan wang is priced at $50 a 500g box – the same as de-husked durians at his physical stall. He estimates that he racks up six figures in total in TikTok Shop sales during the main durian season in June. The harvests in December and March yield more modest returns. Oth er enterprising thorn sellers started to do the same, lured b y t he platform's sprawling reach and quick commerce. Over the last year, the app has yielded a bumper cro p. T he number of durian sellers on TikTok Shop grew by some 40 per cent, while gross merchandise value surged 185 per cent year-on-year, according to the company. Sellers such as Mr Josiah Jeremy Seow of Golden Moments Durian Cafe in Bugis and Mr Tony Seah of Vlack Durian in Bukit Batok also tried to catch the wave over the last couple of year s. 'The era of business has changed, and we have to adapt and enter the streaming arena,' say s M r Seah, a 41-year-old Singaporean . H e launched Vlack in 2020 and started live selling in June 2024. The results were remarkable. By the following year, revenue had risen by 40 to 50 per cent. A 400g to 450g box of mao shan wang sells for around $60 on Vlack's TikTok Shop, 10 per cent more than at the physical store due to c harges such as platform fees. Because his store is in an industrial estate, online outreach is a necessity. 'We can't attract thousands of customers daily with just our physical store, but on TikTok, we can get thousands to learn about our brand.' Mr Tony Seah's shop, Vlack Durian, is located at an industrial space in Bukit Batok. ST PHOTO: DESMOND WEE For seasoned live streamers like Ms Emily Tan, who goes by @EmObsessed online, durians have also proven a risky – as perishable foods tend to be – but lucrative trade. She had heard that durians were one of the easiest things to sell online, with a higher eyeballs-to-sales conversion rate than other fruit. 'At first, I was like, are you serious? Who buys durians on TikTok? I thought you'd want to get a feel or try the durian. But after doing one live stream, I realised the cult of durians is real,' says the 32-year-old Singaporean of her first live stream with Zen Zu Fu in Ap ril. She usually touts family-centric products online such as Zappy wipes. S he sold a five-figure sum from four hours with Zen Zu Fu, slightly more than the mid-four-to-five figures she usually generates from selling other products online. Friends first Online, the prickly product cannot speak for itself. It demands a personable host: charismatic, knowledgeable and ready to talk for hour s. On Mr Lim's live stream s, conversation ranges far beyond durians, running the gamut from routine exchanges – 'How are you' and 'Have you eaten?' – to deeper concerns, like the rising cost of living and how to help friends with mental health issues. The sessions can run for up to six hours. Sometimes, he chops durians concurrently. But multitasking can be exhausting and dangerous, so he takes occasional breaks from physical work to e ngage his viewers. 'I would say it's 20 per cent selling, 80 per cent chatting,' he says, taking care to differentiate himself from sellers who urge customers to just 'buy, buy, buy'. 'To do business, you must first build your community. When people know your sincerity and who you are, they are more likely to buy from you. The way I approach the live streaming is by thinking that maybe we can be friends first.' Mr Lim believes in first building rapport with customers before selling them anything. ST PHOTO: KELVIN CHNG It seems to have worked. Viewers hang around for an average of two hours – for him, not the durians. Singaporean Ng Shu Huai, for example, has been following Zen Zu Fu's TikTok live sales for a year now. The 39-year-old, who works in the supply chain sector, tunes in every day after work and on weekend s . 'Raay's quite funny and the chats are always light-hearted, whic h helps me unwind after a long day,' she says. 'What keeps me coming back is Raay's honesty and sincerity. He never hard sells and remembers viewers' names, preferences and where they live.' On the other hand, she adds, buying in person can be quite intimidating. It is a sentiment Mr Lim says many millennial and Gen Z customers share, which is why he thinks TikTok has helped him reach a new demographic. 'Dur ian sellers can be intimidating in terms of their voices being loud. It's a bit hard to go down to their shop and speak to them because a lot of people can give into this kind of pressure.' On TikTok, however, the customer is king. Order a box if you like what you see. If not, just swipe past. Honesty is the best policy Ms Tan is not one to beg for business. Her style, she maintains, is transparent and honest, not pushy. She adds: 'If a customer says, 'Emily, I can't decide between red prawn and mao shan wang', some sellers will say, 'Buy both.' 'But I'll be like, 'Ask yourself if you want to eat something sweeter o r a bit bigger? And you can just purchase one. If it's good, next time, you can come back.'' Also emphasising candour, Mr Seow describes his style as educational. He starts by delving into the different types of durians an d th eir tastes in an engaging monologu e, sprinkled with facts and examples. For instance, he might explain why the price of durians is going up or break down what a bumper crop means for Singaporean buyers. 'When they know that we know our stuff, that's when we establish trust and rapport,' says the 36-year-old, who founded Golden Moments in 2017. Online, his durians are priced from $22 to $38 for each 400g box. Golden Moments Durian Cafe owner Josiah Jeremy Seow expanded his business to TikTok in 2023. ST PHOTO: BRIAN TEO The live streaming at Golden Moments runs from 1 to 10pm every day, with shifts divided into two- to three-hour long blocks hosted by in-house staff or a roster of about 20 freelancers it cycles through. Mr Seow is conscious of the difference between online consumers and those who patronise his physical store. Shoppers on TikTok are more price-conscious, as the platform allows them to compare the cost across various stores at once. 'They tend to be more critical about the brand and product because they can see how many boxes have been sold and what a store's rating is like before making a decision to buy,' he notes. In response, he has tightened customer service, ensuring tha t ch ats are replied to and deliveries made on time. The durians are usually delivered within 90 minutes, as promised on its TikTok page, affording quick gratification. Vlack's Mr Seah takes a similarly informative approach. He introduces himself, answers questions, discusses the season's forecast and guides viewers through the types of durians in a manne r that is 'very direct, very clear'. Trust, in his case, is built by keeping the camera trained on a box of golden flesh, with a member of his team de-husking durians in the background. 'We're a premium durian specialist, so we believe in flexing the quality of our durians, instead of attracting people by showing our faces,' he quips. Because TikTok Shop accounts for 70 per cent of Vlack's sales, the team live streams from 3 to 10pm d aily. Mr Seah admits that it can get tiring, even when live-selling duties are shared among his team of six. Does he ever run out of things to say? 'No, I love to eat durians. S o, I 'm doing what I like on a daily basis.' Thorny side of TikTok Not every part of the process is sweet, however. The rush hour, which is usually from 5 to 8pm and brings a surge of around 50 orders, always gives the team a bit of a headache – albeit a happy one. It has to manage expectations, keep track of deliveries, get durians to customers within two to three hours, as well as soothe the ruffled feathers of those asked to reschedule their deliveries, should stocks run out. And if any box fails to meet expectations, customers are urged to reach out to Vlack's service recovery team. 'Durians are so expensive. We don't want customers to eat lousy quality durians. Just reach out to us. Don't be afraid, we're very friendly,' he assures. The Vlack Durian team takes turns to live stream its durians on TikTok Shop. ST PHOTO: DESMOND WEE But refunds occasionally pose a challenge to Mr Seow. 'Some customers are a bit harder to deal with, they're obviously there to troll. So they will tell you that it's very bad, but when you ask for photos and videos, they don't want to send. Then how do you justify the refund ?' Sellers on TikTok Shop must respond to re fund requests within one working day, but can reject a request on grounds of lack of evidence or if the product is 'used, damaged or removed from the original packaging'. Then there is the emotional exhaustion of having to continually pump out good vibes. While Mr Lim can usually feed off the energy of 50 to 100 viewers, his live stream has its quieter moments too. 'The toughest thing is motivating yourself when there are no viewers,' he says. 'You have to talk with the same kind of energy, but honestly, it's hard because you know you're talking to a wall.' But he keeps going anyway, for the sake of his business and to push himself out of his comfort zone. As for his stutter? After hours upon hours of chatting into a phone camera, only a trace of it remains. 'If people want to laugh at my stutter, honestly, just let them laugh,' he says. 'Everyone has his or her own shortcomings. You just have to accept who you are and face it.'


Independent Singapore
14 hours ago
- Independent Singapore
Singapore's $100 Billion Club: DBS and SEA lead the market cap race — who deserves the lion's share?
Singapore: The nation's corporate landscape has just crossed a new milestone, with two homegrown giants now valued at over $100 billion each, according to the latest list from Companies Market Cap. Topping the list is DBS Group, now boasting a market capitalisation of $141.71 billion. Much of the bank's remarkable growth took place under the leadership of former CEO Piyush Gupta, who served from 2009-2025. In 2009, DBS was in dire need of a strategic overhaul. The bank was still recovering from the global financial crisis and had a reputation for being bureaucratic and risk-averse. Gupta's tenure transformed DBS from a regional banking heavyweight into a global name in digital finance. Under his watch, the bank aggressively expanded, attracting investors for high-growth markets. Just behind DBS is SEA Limited, with a market cap of $132.19 billion. Best known as the parent company of Shopee — the e-commerce platform that has become a staple in Southeast Asia and Garena —the gaming division behind hits like Call Of Duty Mobile , SEA has become one of Singapore's most recognisable tech success stories. Helmed by Forrest Li, SEA has expanded far beyond online shopping and gaming. Li is also an influential figure in Singapore's football scene, owning Lion City Sailors FC and being named as the President of The Football Association of Singapore. Is crossing the $100 billion mark just a symbolic achievement? Many critics have argued that they rarely see the money trickling down to the grassroots level, and a large portion gets funnelled out for investments in foreign economies; however, the milestone signals that Singapore is home to companies that can compete and dominate on the global stage. Together, they represent two sides of Singaporean 'Innovation' — the stability of established finance and the dynamism of digital disruption in a nation where physical retail rental prices are rapidly increasing. Singapore's business ecosystem continues to punch above its weight, but many Singaporeans are asking — at what cost and who really benefits? Singaporean's have long been lauded as the most talented in the developed world, putting in work hours much higher than the global average. See also UOB economist: GST hike may set in by July 1 Are Singaporean companies achieving a global presence as a result of visionary leaders who rake in the fame and large salaries, or hard-working Singaporeans who are facing rapidly rising costs of living with wages barely keeping up? As these companies grow, their influence extends beyond market charts. DBS shapes the way millions globally manage their money, and SEA transforms how people shop, play, and connect both online and in-person.