3.80%
Interest Rate
(EIR 6.78% p.a.)
$33,420
Total Amount Payable
$0
Processing Fee
Promotion
Promotions
Key features
Key Features
  • Lowest interest rates from 3.80% p.a.
  • Loan tenure of 1 - 10 years
  • Processing fees waived for online applications only
Covered
Repayment Summary

Principal Loan Amount

$30,000

Loan Tenure

3 years

Interest Rate (p.a)

3.80%

Monthly Instalments

$928

Total Amount Payable

$33,420

Total Interest Payable

$3,420

Others
Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

25 years old

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income

$30,000

Covered
Fees & Charges

Processing Fee

$0

Full Repayment Penalty

S$300 or 3% of loan outstanding, whichever is higher

See all debt consolidation plan

MoneySmart lists Debt Consolidation Plan products that range between a minimum of 1 to a maximum of 10 years. The effective interest rate (EIR) of loan products on our site range from 7.70% p.a. to up to 11.08% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$311/month for a S$10,000 Debt Consolidation Plan with a loan tenure of 3 years at 3.98%pa Interest Rate (7.70% EIR). This would equate to a total payment of S$11,393 over 3 years. Please view each Debt Consolidation Plan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).