Personal Loan

If you need finance for any purpose, come and see us. Our policy is to assist members wherever and whenever we can in the best possible way. We aim to keep interest rates as low as we possibly can for members. Generally lending rates for different types of loans reflect the risk associated with each type of loan.

Loan Quantum
A maximum of 6 months’ salary or $50,000 whichever is lower
Rates of Interest
6.5% flat rate per annum (EIR 11.69% Pa 5 years)
Repayment Term
Up to 5 years
Processing Fees
2.5% flat
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
Document Required
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
* Surety (ies) must be provided on a case to case basis and the number 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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