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 Singaporean / Singapore PR: Annual Income of S$20,000 and above
- For Foreigner: Annual income of S$45,000 and above

- 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.

The “lowest rate in town” refers to the comparison of the published rates offered on personal loans across banks in Singapore. Information is accurate as of 1 September 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 ^{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.

Due to scheduled maintenance by CPF, the use of CPF services for online application will not be available on 29 November from 12 midnight to 9.00am. Please try again after this period.

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.