Interest Rate
(EIR 7.70% p.a.)
Total Amount Payable
Processing Fee
Key features
Key Features
  • Enjoy as low as 3.98% p.a. interest rates
  • Bonus: 5% cashback on you approved loan when you refinance your current DCP with SCB
  • Loan tenure of 3-10 years
  • Only one-time processing fee of S$199
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (p.a)


Monthly Instalments


Total Amount Payable


Total Interest Payable



Citizenship Status

Singaporean / PR

Age Requirement

18 years old or above

Employment Status

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

Minimum Annual Income


Fees & Charges

Processing Fee


Restructuring Fee


Late Payment Fee


Partial Repayment Penalty

No partial repayment allowed

Full Repayment Penalty

S$250 or 5% of the outstanding principal, 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).