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Effective Interest Rate (“EIR”): 25.9% per annum (minimum). If payment is not made in full by the due date, finance charges will be calculated on a daily basis at 0.071% from the respective transaction dates for all transactions to the date the payment is received.
Your cash advance fee per transaction is 6% on the Cash Advance, subject to a minimum fee of $15 plus Finance Charges at 0.077% per day on the amount withdrawn from the date of the transaction until the date of full payment.
Late Payment Charges
A late payment charge of S$80 will be charged if minimum payment due is not received by the due date. The EIR applicable on your credit card and funds transfer account(s) will be adjusted to 28% per annum if the minimum payment due is not received by the due date). If you have only missed one payment, it will be reinstated to the prevailing EIR once minimum payment due is made in full. If however your account has been twice or more past due on a consecutive basis, the EIR will only revert to 25.9% once minimum payment due for the relevant consecutive months where your account was past due is made in full.
For more details on all other applicable fees and charges, please click here.
Eligibility & Documents
21 to 65 years old
Minimum Annual Income
Singapore Citizens and Permanent Residents: S$30,000
Foreigners with Employment Passes: S$60,000
Employment Pass Holders
Foreigners must be holders of P1, P2 or Q type Singapore Employment Passes
Q Pass holders must have minimum one year validity remaining on their passes
You will need:
Copy of NRIC/Passport/Employment Pass (front and back)
For salaried (any of the following):
Latest month computerised payslip
Latest 6 months CPF Contribution History Statement
Latest Income Tax Notice of Assessment + latest month computerised payslip/6 months CPF contribution
Copy of latest income tax notice of assessment (must be in business for a minimum of 2 years)
For commission earner (any one from below)
Latest 3 months payslip + Latest income tax notice of assessment
Latest 6 months CPF contribution history statement
Latest 3 months payslip
Copy of latest income tax notice of assessment ( For 100% commission earner)