Bank of China $martLoan
6.52%
Interest Rate
S$ 300
Processing Fee
S$ 332
Monthly Repayment
S$ 10,000
Loan Amount
3 Years
Loan Tenure
Get your Bank of China $martLoan online for interest-saving and balance-reducing borrowing terms and easily pay with the fixed monthly rate of up to a 7-year repayment period. With just S$6 a day, you can get extra cash of S$10,000 from this feature.
ALL DETAILS
Key Features
- Fixed monthly repayment amounts
- Uses balance reducing method instead of flat rates computing the amount on the principal balance (and not on the original loan amount) reducing with repayment of each loan instalment.
- BOC $martLoan applied interest rates are at 12% p.a. for 12-month to 60-month loan and 15% p.a. for 72-month to 84-month loan.
- Up to 95% of your available credit limit under your BOC MoneyPlus account making it one of the best and easiest personal loan back-up.
Eligibility
| Citizenship Status | Singaporean / PR |
| Age Requirement | At least 21 years old |
| Minimum Annual Income | S$30,000 |
Other Fees and Charges
| Processing Fee | 3% of approved loan amount |
| Late Payment Fee | 2% of the minimum payment sum or $100, whichever is higher |
| Cancellation Fee | S$100 |
| Rescheduling Fee | $100 for restructure of loan tenure |
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