Preferred insitutions get promotional interest rate of 4.6%p.a
The below illustration is for lump sum disbursement with fixed monthly repayment spread over 1 to 10 years loan tenure.
|Promotion for Preferred Institutions|
Approved Loan Amount
Less Processing Fee
Disbursed Loan Amount
|Loan Tenure||Interest Rate(p.a.)1||Instalment Amount Per Month|
Eligible Loan Amount
Up to 10x combined monthly income
Note: Above calculations are for illustration purpose only and should not be taken to be 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.
1 Interest is calculated on a monthly reducing rest basis.
Note: For all other partner institutions not in above list, interest rate of 5.88% p.a. with 3% processing fee will apply.
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