Here's an overview of the instalment payments based on a loan amount of S$9,000.
|
Repayment Period
|
Processing Fee
|
Interest Rate
|
Effective Interest Rate
|
Monthly Instalments
|
|---|---|---|---|---|
|
12 months
|
2%
|
6.00% p.a
4.62% p.a. |
12.00% p.a.
|
S$785
|
|
24 months
|
6.38% p.a
5.49% p.a. |
S$416
|
||
|
36 months
|
6.88% p.a
5.86% p.a. |
S$294
|
||
|
48 months
|
6.88% p.a
5.52% p.a. |
11.00% p.a.
|
S$229
|
|
|
60 months
|
6.88% p.a
5.69% p.a. |
S$193
|
Effective interest rates are subject to compounding if monthly interest charges are not paid in full.
Calculate your monthly repayment amount here.