Promotional interest rate of 4.60% p.a. and a loan amount of up to 10x your combined monthly income for our list of preferred institutions.
Click here to find out more.
Benefits at a Glance
- Loan up to 6 times your monthly income
- Choice of loan tenure from 1 to 5 years to suit your financial ability.
- No cost for issuance of subsequent cheques.
- No cancellation and early redemption penalty fee
Interest rate table
The below illustration is for lump sum disbursement with fixed monthly repayment spread over 1 to 5 years loan tenure.
|Approved Loan Amount
|Less 3% Processing Fee
|Disbursed Loan Amount
||Instalment Amount Per Month
|Eligible Loan Amount
||Up to 6x combined monthly income
Note: Above calculations are for illustration purpose only and should not be taken to be a guarantee of the actual amounts payable.
For progressive disbursements, the monthly instalment amount will increase with each subsequent disbursement. The revised monthly instalment amount will be calculated based on outstanding loan balance and remaining tenure.
1Interest is calculated on a monthly reducing rest basis.
Click here for a copy of the application form
Applicable only to POSB Partner’s Institutions, please click here to view the list of institutions.