Need extra funds for your big plans? Now’s the perfect time! Earn up to S$1,000 cashback when you have an approved loan amount of at least S$5,000 for loan tenors of 36, 48 and 60 months.
Refer to the table below for monthly instalment breakdown based on the same loan amount, with different loan tenors from 12 to 60 months, applicable interest rate and effective interest rates.
Illustration:
Approved Loan Amount: $10,000
Processing Fee: 1.00%
Repayment Period | Interest Rate (Flat Rate)1 |
Monthly Rest Rate2 | Effective Interest Rate3 |
Monthly Instalment4 |
---|---|---|---|---|
12 months | 3.80% | 6.94% | 8.82% | $865.00 |
24 months | 7.13% | 8.12% | $448.33 | |
36 months | 7.14% | 7.82% | $309.44 | |
48 months | 7.11% | 7.63% | $240.00 | |
60 months | 7.06% | 7.49% | $198.33 |
1 Interest on loan amount as quoted in the loan application form.
2 Interest on loan amount is calculated on a monthly rest method, excluding processing fee.
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.