Consolidation Loan

Our consolidation loan offers you the possibilities of consolidating all your credit facilities that you may have into in a single loan. This credit facility offers you the much needed one stop solution and a piece of mind for financial freedom.

Loan Quantum Up to $40,000
Rates of Interest 6.50% flat rate per annum (EIR 11.79% per annum)
Repayment Term Up to maximum of 5 Years
Processing Fees 2.5% flat
Eligibility (Applicant / Surety(ies))
  • Singapore Citizen or Permanent Resident
  • Age for Applicant: between 21 to 60 years
  • Age for Surety(ies): between 21 to 55 years

 

Document Required Applicant Surety
Photocopy of NRIC (Front & Back) Yes Yes
Latest Computerised Payslip Yes Yes
Letter of Employment (if <3 Months Employment) Yes Yes
Last 6 months CPF contribution history Yes Yes
Latest IRAS Notice of Assessment (NOA) Yes Yes
CBS - Enhanced Consumer Credit Report Yes Yes
Bank loan or credit card statement Yes  
Money Lenders Statement Yes  
Existing Loan Summary(If any) Yes  

 

*Numbers of sureties to be provided are subject to loan quantum and credit evaluation.

  • All loans granted are within the discretion of SSBEC Co-op

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