Consolidation Loan

Our consolidation loan offers you the possibilities of consolidating all your credit outstandings 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 $20,000

Rates of Interest

6.5% flat rate per annum

Repayment Term

Up to 5 years

Processing Fees

3% flat on loan applied

Requirement documents

  • Latest payslip
  • NRIC
  • Latest CPF Contribution history
  • Other documents may be required on a case to case basis

* Surety(ies) may be needed on a case to case basis. The standard documents of that of applicant and surety (ies) shall apply.

General requirements for loans

  • SSBEC Co-op considers the combined income of a married couple in any joint loan application
  • The applicant(s) and surety(ies) are required to provide proof of income in the form of a salary slip or if needed, a letter of employment or a tax return
  • Loan applicants must be gainfully employed and have sufficient disposable income to comfortably meet the loan repayments
  • Sureties/guarantors are required for most unsecured loans (loans without collateral)
  • The number of sureties/guarantors required is within the discretion of SSBEC T&L Society Ltd
  • All loans granted are within the discretion of SSBEC T&L Society Ltd

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