5.43%
Interest Rate
(EIR 11.47% p.a.)
$11,829
Total Amount Payable
S$200 or 2%, whichever is higher
Processing Fee
Promotion
Promotions
Key features
Key Features
  • Loan tenure from 12 to 60 months
  • Borrow up to 6x monthly salary for annual income S$120,000 and above, 4x monthly salary for annual income S$30,000-S$119,999 and 2x monthly salary for annual income S$20,000-S$29,000
  • Make repayments easily via online or Mobile Banking funds transfer, cheque deposit or cash deposit machine
  • Easy ways to manage your account with Online and Mobile banking
Covered
Repayment Summary

Principal Loan Amount

$10,000

Loan Tenure

3 years

Interest Rate (p.a)

5.43%

Monthly Instalments

$323

Total Amount Payable

$11,829

Total Interest Payable

$1,629

Approval Duration

3 to 5 working days

Others
Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 years old and above

Employment Status

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

Minimum Annual Income

$30,000

Covered
Fees & Charges

Processing Fee

S$200 or 2%, whichever is higher

Restructuring Fee

3% of outstanding loan amount

Late Payment Fee

S$80

Partial Repayment Penalty

3% of amount to be repaid (S$1,000 minimum repayment)

Full Repayment Penalty

3% of amount to be repaid (S$1,000 minimum repayment)

See all personal loan

MoneySmart lists Personal Loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 8.5% p.a. to up to 20.0% 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$316/month for a S$10,000 Personal Loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each Personal Loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).