Festival Loan

During the festive season, we offers you with a hassle free loan application to meet your financial needs.

Loan Quantum
Up to $3000
Rates of Interest
6.00% flat rate per annum (EIR 10.93% per annum)
Repayment Term
Up to maximum of 12 Months
Processing Fees
2.5% flat
Documents Required
  • Photocopy of NRIC (Front & Back)
  • Latest Computerized Payslip
  • Letter of Appointment (if <3 months into new employment)
  • Last 6 months CPF contribution history
  • Latest IRAS Notice of Assessment (NOA)
  • CBS – Enhanced Consumer Credit Report
Eligibility (Applicant / Surety(s))
  • Singapore Citizen or Permanent Resident
  • Age for Applicant: between 21 to 65 years
  • Age for Surety(ies): between 21 to 60 years
* Surety (ies) must be provided on a case to case basis.
  • All loans granted are within the discretion of SSBEC Co-op

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