Singaporean, Singapore PR and Foreigner residing in Singapore. If the borrower is a foreigner* who has worked in Singapore for less than 2 years, a Singaporean or Singapore PR Guarantor is required

Minimum Age: 21 years’ old

Minimum income of main applicant must be at least $24,000 p.a. and subject to regulatory rules on TDSR#3

Borrower must not be a bankrupt or on a debt repayment programme administered by the Official Assignee

#1 IWAA - Income Weighted Average Age. Applicable to joint borrowing, the IWAA is used to compute their average age for the purpose of granting the loan tenure. For more information on computing your IWAA, please refer to the MAS website.

#2 TDSR – Total Debt Servicing Ratio. We will compute your TDSR based on your monthly total debt obligations divided by your gross monthly income. All your outstanding loan such as credit card repayment, unsecured personal loan repayment, car loan repayment, renovation loan will be taken into consideration when deriving your monthly total debt obligations. Your gross monthly income will include your fixed monthly salary, average of your variable income (e.g. commission, bonus and other allowances). This latter is further subjected to a haircut.