Established in 1993, ICBC Singapore holds the distinction of being one of the earliest financial institutions to commence their banking operations in Singapore. As a top commercial bank on the island, ICBC functions with utmost prudence, constant innovation, excellent customer service and a dedicated team of experienced professionals. Reiterating the stronghold ICBC has on the Singaporean market, the bank was awarded the Qualifying Full Bank license in 2012 and also chosen as the best RMB clearing bank in Singapore. ICBC is backed by the strong capital, state-of-the-art technology and the extensive network of the ICBC group.
Atleast 18 years
Above 18 Years
Salaried or self-employed
with regular income
Earn more than the minimum
Maximum allowed personal loan is up to 90% of the value of the security
EMIs of other loans lower
Pay off your credit card bills
Choose longer tenure loan up to 3 Years
|Tenure||1- 3 Years|
|Max Loan Amount||up to 90% of the value of pledged item|
ICBC makes it very easy for customers to procure personal loans to fulfill their cash requirements during emergencies or to complete a long due family commitment. Customers are required to pledge securities as part of the ICBC personal loan process and the bank will sanction the loan depending on the security provided and the eligibility criteria of the applicant.
ICBC holds a top position in the banking world in Singapore. It has attractive benefits to offer on its personal pledge loan. ICBC provides you a personal loan that is fast and convenient to fulfil your financial needs. ICBC also provides personalized solutions to specially cater to individual needs of different customers.Features
ICBC mandates that all applicants fulfill the following criteria while applying for a personal pledged loan.
Q. How can I calculate my EMI for ICBC personal pledge loan?
A. You can use the calculator available on bankbazaar.com to calculate your EMI payments for personal loans. Simply enter your loan details of amount, tenure and interest payable, and the calculator will generate your EMI amount.
Q. What is the maximum loan tenure I can avail?
A. The maximum loan tenure available is three years.
Q. What loan amount am i eligible for?
A. You are eligible for up to 90% of the value of the security provided.
Q. What is the minimum age at which one can avail of ICBC personal pledge loan?
A. You must be at least 18 years old.
Q. Do I have to have an account with ICBC to apply for a personal pledge loan?
A. Yes, you must have a current account with ICBC in order to be eligible to apply for a personal pledge loan.
Temasek, the Singapore based investment firm, has raised stake in the Industrial and Commercial Bank of China (ICBC). The investment firm has aggressively invested in many banks in China, the second largest economy in the world. Temasek spent 141 million Hong Kong Dollars to purchase 30 million shares of the bank at an average of 4,696 Hong Kong Dollars per share. ICBC is the largest bank in the world but its valuation saw a record decline during the recent decline in the stock market of China.
The spokesman of the Singapore based investment firm stated that they are very confident about the long term performance of the Chinese economy and so they decided to expand their investment portfolio in the country. This is not the first time that Temasek has investment in this Chinese bank. In fact, they have been holding stocks of the bank for the last 4 years. The company increased its exposure to the Chinese economy by 27 percent within a period of one year. The broad portfolio of the investment firm now includes technology companies, insurance companies and insurance companies. In the last few years, Singapore based investment firms have invested aggressively in China.
24th September 2015