Consolidation Loan
Our consolidation loan offers you the possibility of consolidating all the credit facilities that you currently have into a single loan. This credit facility offers you a much-needed one-stop solution and peace of mind towards financial freedom.
Loan Quantum | Loan amount subject to management approval |
Rates of Interest | 6.5% flat rate per annum (EIR 11.69% Pa 5 years) |
Repayment Term | Up to maximum of 5 years |
Processing Fees | 2.5% flat |
Eligibility (Applicant / Surety(ies)) |
|
Document Required | Applicant | Surety |
---|---|---|
Photocopy of NRIC (Front & Back) | ||
Latest Computerized Payslip | ||
Letter of Employment (if <3 Months Employment) | ||
Last 6 months CPF contribution history | ||
Latest IRAS Notice of Assessment (NOA) | ||
CBS – Enhanced Consumer Credit Report | ||
Bank loan or credit card statement | ||
Money Lenders Statement | ||
Existing Loan Summary(If any) |
* 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