Medical Loan

You have incurred medical bills and do not know how you are going to settle it? Worry no more, we have just the right solution for you. Our Medical Loan will ease the financial stress away from you and offer you a peace of mind.

Loan Quantum

  • Credit amount applied is subjected to approval by management

Rates of Interest

6.00% 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
  • Marriage Certificate (for joint application)
  • Final Bill from Hospital (local hospital only)

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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