Cash woes? A personal loan to the rescue!
  • Personal Loan BYTES FROM OUR KITCHEN

    BOC Personal Loan Interest Rates

    BOC offers 4 types of personal loans – BOC $martLoan, MoneyPlus Fund Transfer, MoneyPlus Line of Credit, and MoneyPlus Term Loan. The personal line of credit allows you to loan an amount up to 4 times your monthly salary. With the term loan, you can enjoy a low interest rate of 6.38% p.a. and a repayment period of up to 36 months. The BOC $martLoan offers a fixed monthly repayment tenure of up to 7 years.

    MoneyPlus Term Loan Interest Rates

    The table below shows the interest rates of a MoneyPlus Term Loan:

    For annual income of S$30,000 and more

    Tenor Processing fee Interest rate Effective Interest Rate (EIR)
    12 months 2% 6.38% p.a. 14.58% p.a.
    24 months 7.38% p.a. 15.40% p.a.
    36 months 8.68% p.a. 17.07% p.a.

    For annual income from S$20,000 to S$29,999

    Tenor Processing fee Interest rate Effective Interest Rate (EIR)
    12 months 5% 6.38% p.a. 19.46% p.a.
    24 months 7.38% p.a. 17.89% p.a.
    36 months 8.68% p.a. 18.77% p.a.

    MoneyPlus Line of Credit Interest Rate

    The interest rates applicable on this line of credit is shown in a table below:

    Annual income Interest rate Effective Interest Rate (EIR)
    S$30,000 or more 1.9% per month 22.80% p.a.
    S$20,000 to S$29,999 2.38% per month 28.55% p.a.

    MoneyPlus Fund Transfer Interest Rate

    The table below shows the interest rates of a MoneyPlus Fund Transfer:

    Tenor Interest rate Effective Interest Rate (EIR)
    3 months 0% 7.49% p.a.
    6 months 0% 6.38% p.a.
    12 months 0% 5.60% p.a.

    BOC $martLoan Interest Rate

    The table shows the interest rates for different tenures:

    Tenor Interest rate Effective Interest Rate (EIR)
    12 months 12% p.a. 18.72% p.a.
    24 months 12% p.a. 15.73% p.a.
    36 months 12% p.a. 14.69% p.a.
    48 months 12% p.a. 14.18% p.a.
    60 months 12% p.a. 13.86% p.a.
    72 months 15% p.a. 17.05% p.a.
    84 months 15% p.a. 16.89% p.a.

    BOC offers promotional interest rates quite frequently. You can check these interest rates and also offers from other banks in Singapore here.

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