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 Loan amount subject to management approval
Rates of Interest 6.00% flat rate per annum (EIR 10.90% 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 65 years
  • Age for Surety(ies): between 21 to 60 years
Document Required Applicant Surety
Photocopy of NRIC (Front & Back) Yes Yes
Quoted fee Package for Medical Procedure Issued by Medical Service Provider Yes  
Hospital Bill/ Invoice (For disbursement) 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

*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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