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RENOVATION LOAN MONTHLY INSTALMENT SCHEDULE
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INTEREST
RATE*
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GROSS
LOAN
(S$)
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NET
LOAN**
(S$)
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MONTHLY INSTALMENT (S$)
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12 MTHS
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24 MTHS
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36 MTHS
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48 MTHS
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60 MTHS
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Loan S$5,000 to S$9,999
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6.25%
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S$9,999
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S$9,699
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S$861.73
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S$444.29
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S$305.32
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S$235.97
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S$194.47
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EIR***
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12.68%
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9.67%
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8.63%
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8.11%
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7.79%
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Loan S$10,000 to S$30,000 , Repayment Periods are 12, 24 and 36 Months
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5.48%
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S$15,000.00
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S$14,650.00
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S$1,287.41
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S$661.30
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S$452.80
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EIR***
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10.38%
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8.09%
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7.30%
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S$20,000.00
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S$19,600.00
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S$1,716.55
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S$881.73
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S$603.74
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EIR***
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9.68%
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7.73%
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7.06%
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S$30,000.00
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S$29,500.00
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S$2,574.83
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S$1,322.60
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$905.61
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EIR***
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8.99%
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7.37%
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6.81%
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Loan S$10,000 to S$30,000 , Repayment Periods are 48 and 60 Months
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5.38%
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S$15,000.00
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S$14,650.00
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S$348.03
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S$285.69
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EIR***
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6.79%
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6.55%
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|
S$20,000.00
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S$19,600.00
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S$464.04
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S$380.92
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EIR***
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6.61%
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6.40%
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S$30,000.00
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S$29,500.00
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S$696.05
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S$571.37
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EIR***
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6.42%
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6.25%
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*Interest rates are subject to change at the Bank’s sole discretion
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**Net Loan = (Gross Loan - Processing Fee - Administrative Fee)1
1. Processing fee of S$200 and administrative fee of 1% of gross loan amount will apply.
2. The monthly instalment amount is calculated on a monthly-rest basis.
3. Terms and Conditions apply. Rates are subject to change.
***Effective Interest Rate (EIR) after incorporating S$200 Processing Fee and 1% Administrative Fee.
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