EXTRACASH LOAN

Get an affordable cash loan instantly

Why you will love this

Get up to 6 times your monthly income, with fixed repayments over 12 to 60 months

Easily view outstanding payments via online banking

Instant approval and disbursement when you apply via MyInfo

Who can apply

Singaporean or Singapore PR above 21 years old with an annual income of at least S$20,000

Foreigner above 21 years old with an annual income of at least S$45,000

Get up to 6 times* your monthly income, with fixed repayments over 12 to 60 months.

*if your annual income is S$120,000 and above

benefits

Borrow up to 6 times your monthly income

Get a lump sum of up to 6 times your monthly income in cash.

Convenient repayment options

Make repayments easily using Online or Mobile Banking via funds transfer, through cheque deposit, or with cash deposit machine.

interest rates

Approved loan amount

S$4,500

Processing fee

S$100

Disbursed loan

S$4,400

  • Interest rate
    (monthly rest rate)¹
  • Interest rate
    (flat rate equivalent - for reference only)¹
  • Effective
    Interest Rate (EIR)²
  • Monthly instalment³
Repayment period Interest rate
(monthly rest rate)¹
Interest rate
(flat rate equivalent - for reference only)¹
Effective
Interest Rate (EIR)²
Monthly instalment³
12 months 22% per annum 12.31% per annum 26.39% per annum S$422
24 months 12.25% per annum 24.37% per annum S$234
36 months 12.50% per annum 23.67% per annum S$172
48 months 12.81% per annum 23.31% per annum S$142
60 months 13.14% per annum 23.10% per annum S$124

¹Interest on loan amount is calculated based on a monthly rest method. As some financial institutions may present the interest rate as a flat rate, we have included the flat rate equivalent for comparison. Flat rate equivalent is calculated based on a front-end add-on calculation method and is for reference purposes only.

² Effective Interest Rate is inclusive of a one-time processing fee.

³ Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes.

LOAN CALCULATOR

Find out your monthly repayment

Calculate your monthly repayment

Here is how much you need to pay

Your monthly payment

S$0.00

Processing fee

S$0.00

Amount disbursed

S$0.00

Interest rate per annum

0.00%

Effective Interest Rate (EIR) per annum

0.00%

before you apply

Eligibility requirements

Minimum age

21 years old

Annual income

S$20,000 and above for Singaporeans and Singapore PRs

S$45,000 and above for foreigners

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass or Work Permit or Student Pass) for foreigners

Additional document

Include any one of the following documents that shows your residential address

  • Latest computerised/electronic payslip (salaried employees)
  • Half-yearly CPF statement (12 months for self-employed and commission-based earners)
  • Latest income tax statement (2 years for self-employed and commission-based earners)


Fees

Late fee

S$80

Early partial/full repayment fee

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

1 month interest in lieu will be charged if redemption is done immediately

Restructuring fee

3% of outstanding loan amount



Important notices

Note that due to rounding, the final instalment amount will be slightly different from the other instalments.

Credit Bureau Singapore
Please note that additional time may be needed to review your application as Credit Bureau Singapore will be synchronising data from 12am to 8am daily.

MyInfo
MyInfo will be temporarily unavailable from 2am to 8.30am every Wednesday and Sunday due to scheduled maintenance.

System Maintenance
Please note that your product may not be availed to you instantly during system maintenance hours between 9.30pm to 6am.

Online Application
  • 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.

Ready to apply

Apply for ExtraCash Loan today