Things You Should Know on Borrowing:
|Minimum Period for Repayment||From 2 Months|
|Maximum Period for Repayment||Up to 12 Months|
|Minimum Annual Percentage Rate||From 1.8% per annum|
|Maximum Annual Percentage Rate||Up to 48% per annum on reducing interest rate|
Sample Representation of Loan with Maximum Rates:
|Total Amount Borrowed||SGD 10,000|
|Time Period *||12 Months|
|Interest Rate **||4% Per Month|
|Annual Percentage Rate of Charge (APR) **||48% APR or 4% NIR|
|Total Cost Payable ***||SGD 2,786.26|
* Time period is from minimum period of 2 months to maximum period of 12 months.
** Interest Rate may varies to maximum of 4% per Month , depending on loan amount and period of repayment.
*** Total Cost Payable exclude Administrative fee. Other fee such as late fee and late interest rate may be charge in event of violation on terms & condition.