Age: Be at least 21 years of age
Annual Income
Have a minimum annual income of
- S$30,000 for Singapore Citizens or Singapore Permanent Residents
- S$45,000 for Malaysia Citizens, in employment for at least 1 year
- S$60,000 for Foreigner, in employment for at least 1 year
Application Documents
Fully Salaried
- Photocopy of NRIC (front and back) AND
- Either of your:
- Latest 12 months of CPF contribution history¹ OR
- Latest computerised payslip OR
- Latest Income Tax Notice of Assessment² AND Latest 12 months’ CPF contribution history OR Latest computerized payslip
Self-Employed / Full-Commission Earner
- Photocopy of NRIC (front and back) AND
- Latest 2 years of Income Tax Notice of Assessment²
Commission / Variable Income Earner
- Photocopy of NRIC (front and back) AND
- Either of your:
- Latest 12 months of CPF contribution history¹ OR
- Latest 3 months of computerised payslip OR
- Latest Income Tax Notice of Assessment² AND Latest 12 months’ CPF contribution history OR Latest computerized payslip
Additional documents for foreigners (in addition to income documents indicated above)
- Valid passport AND
- Employment Pass with at least 6 months’ validity AND
- Utilities bill or bank statement with residential address AND
- Company letter stating proof of employment of at least 1 year
¹ You can print your latest 12 months CPF Contribution History Statement using your SingPass via https://www.cpf.gov.sg/members. If your monthly income exceeds S$6,000, submit your latest Income Tax Notice of Assessment or computerised payslip instead, for proper maximum credit limit calculations.
² Print your Income Tax Notice of Assessment at myTax Portal using your SingPass or IRAS PIN.
Please allow 14 business days for processing, and application is subject to approval. Note that incomplete forms or missing documents will delay processing. The Bank reserves the right to request for more documents. Should the income documents you submit reflect a lower earned income than what was previously declared, the bank reserves the right to adjust the current credit limit to reflect the prevailing earned income.