Borrow up to 6x your monthly salary

Fixed regular monthly repayments

Same-day approval at a branch (Mondays to Fridays)

- 21 years old and above
- For Singaporeans / Singapore PRs (Annual income more than S$20,000)
- For Foreigners (Annual income more than S$30,000)

- Get a personal loan at the lowest rate of 3.53% p.a. in town (EIR 7.96% p.a.) for a limited period
^{1} - Get cash of up to 6 times your monthly salary
- Choice of 1 to 5 years loan tenure

- Make fixed monthly instalment repayments over the choice of your loan tenure (1 to 5 years)
- Your first instalment is due in the next month after the disbursement of your loan

Exclusive rates valid till 31 December 2015

(applicable to annual income $30,000 and above)

Approved Loan Amount | S$15,000 | ||||
---|---|---|---|---|---|

Processing Fee | S$150 or 1.5% of the approved loan amount, whichever is higher | ||||

Disbursed Loan | S$14,775 | ||||

Loan tenure | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |

Nominal interest rate ^{2} |
3.64% p.a. | 3.54% p.a. | 3.53% p.a. | 3.55% p.a. | 3.57% p.a. |

Effective interest rate (EIR) ^{3} |
9.93% p.a. | 8.47% p.a. | 7.96% p.a. | 7.70% p.a. | 7.54% p.a. |

Monthly instalment^{4} |
S$1,296 | S$669 | S$461 | S$357 | S$295 |

^{1} This interest rate is only applicable to customers of good credit performance as determined by the bank. This promotion is valid till 31 December 2015.^{2} Nominal interest rate (flat interest rate) is equivalent to an applied interest rate of 6.66% p.a. for annual income of S$30,000 and above.^{3} Effective interest rate is inclusive of a one-time processing fee.^{4} Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes. Interest on the loan amount is calculated based on a monthly rest method.

(applicable to annual income $30,000 and above)

Approved Loan Amount | S$15,000 | ||||
---|---|---|---|---|---|

Processing Fee | S$150 or 1.5% of the approved loan amount, whichever is higher | ||||

Disbursed Loan | S$14,775 | ||||

Loan tenure | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |

Nominal interest rate ^{5} |
8.31% 6.62% p.a. | 8.18% 6.49% p.a. | 8.27% 6.52% p.a. | 8.40% 6.60% p.a. | 8.55% 6.69% p.a. |

Effective interest rate (EIR) ^{6} |
15.94% p.a. | 14.40% p.a. | 13.86% p.a. | 13.59% p.a. | 13.43% p.a. |

Monthly instalment^{7} |
S$1,333 | S$706 | S$498 | S$395 | S$334 |

^{5} Nominal interest rate (flat interest rate) is computed based on the approved loan amount. This is equivalent to an applied interest rate of 12% p.a. for annual income of S$30,000 and above.^{6} Effective interest rate is inclusive of a one-time processing fee.^{7} Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes. Interest on the loan amount is calculated based on a monthly rest method.

(applicable to annual income $20,000 - $29,999)

Approved Loan Amount | S$4,500 | ||||
---|---|---|---|---|---|

Processing Fee | S$100 | ||||

Disbursed Loan | S$4,400 | ||||

Loan tenure | 1 Year | 2 Years | 3 Years | 4 Years | 5 Years |

Nominal interest rate ^{8} |
12.31% p.a. | 12.25% p.a. | 12.50% p.a. | 12.81% p.a. | 13.14% p.a. |

Effective interest rate (EIR) ^{9} |
29.83% p.a. | 27.29% p.a. | 26.41% p.a. | 25.97% p.a. | 25.71% p.a. |

Monthly instalment^{10} |
S$421 | S$233 | S$172 | S$142 | S$124 |

^{8} Nominal interest rate (flat interest rate) is equivalent to an applied interest rate of 22% p.a. for annual income of S$20,000 to S$29,999.^{9} Effective interest rate is inclusive of a one-time processing fee.^{10} Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes. Interest on the loan amount is calculated based on a monthly rest method.

Annual income | S$20,000 – S$29,999 | S$30,000 and above |
---|---|---|

Processing fee | S$100 | S$150 or 1.5% of the approved loan amount, whichever is higher |

Late fee | S$80 | |

Early partial/full repayment fee | 3% of amount to be repaid (S$1,000 minimum repayment) | |

Restructuring fee | 3% of outstanding loan amount |

**Promotion Rate**

- For ease of approval of your promotional rate loan, we recommend you submit your interest with the following documents: photocopy of your NRIC, income documents and Credit Bureau Report

**Standard Rates**

- You will be required to submit your income information via CPF login, so please make sure you have your
**SingPass username**and**password**ready. - Please ensure you have a printer with you as you will need to print and send the
**completed**forms to us.

OR

**A) Via Phone**

Call us directly at **6586 7400** between **9am - 6pm, Monday - Friday**.

**B) Via SMS**

SMS **ECLE** <**Name**>

<**NRIC**> to **72222**

Example: **ECLE** (text space) **Joe Lim** (text space) **A1234567B**

We’ll call you back within 3 working days.