• TCC Medicare Loan

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    TCC Medicare Loan

    Overview of TCC – The Credit Cooperative

    TCC is one of the best financial service providers on the island. Their sole mission is to be the first choice credit cooperative to provide family oriented financial services to the citizens of Singapore. They achieve this by providing immense flexibility in the provision of financial services. The banking products and financial services offered by TCC are innovative with competitive rates and customizable that meet the needs and requirements of anybody and everybody. Whether you want to renovate your house or plan a big wedding, need some extra cash for medical emergency, TCC never fails to assist you. They not only aim to provide financial services but their mission is to provide them in a fair manner and one that is filled with values that TCC stands for. Their values include fair, flexible, caring, convenient, honest, nurturing, reliable, responsive and responsible. Their very tagline communicates all these values – “The Credit Co-operative with a heart.”

    About TCC Medicare Loan

    TCC aims to provide the Medicare loan as a means of financial assistance to those in dire need of medical care.

    Features and Benefits of TCC Medicare Loan

    • TCC offers a flat interest rate structure for the Medicare Loan. The rate of interest is fixed at 4.5%.
    • TCC charges a low processing fee. If you apply for the Medicare Loan online, you will enjoy a 10% discount on this fee.
    • You can apply for the TCC Medicare Loan singly or with a joint applicant.

    Eligibility Criteria and Documentation Required for TCC Medicare Loan

    For the Main and Joint Applicant, following are the criteria –

    1. This loan is only applicable for Singapore Citizens and Singapore Permanent Residents or PRs
    2. The applicant/s must be between the age group of 21 years and up to 60 years of age

    Documentation Required –

    • A front and back copy of the NRIC
    • Receipts OR Tax invoices provided by the hospital
    • Salaried employees must carry the following -
      1. Their latest payslip
      2. Their CPF Contribution for the last 15 months.
      3. If the loan amount is more than SGD 10,000, the applicant must also carry their latest income tax NOA (Notice of Assessment).
    • Employees working on commission basis must carry the following –
      1. Their commission statements for the last 6 months
      2. Their income tax NOA (Notice of Assessment) for the last 2 years
    • Self – employed applicants must carry the following –
      1. Their income tax NOA (Notice of Assessment) for the last 2 years
      2. For a joint application they must carry a copy of their Marriage Certificate

    For the Surety/Sureties, the following are the criteria –

    • The applicant must only be a Singapore Citizen
    • The applicant must be between the age group of 21 years and up to 55 years of age

    Documentation Required –

    • A front and back copy of the NRIC
    • Salaried employees must carry the following -
      1. Their latest payslip
      2. Their CPF Contribution for the latest 15 months.
      3. If the loan amount is more than SGD 10,000, the applicant must also carry their latest income tax NOA (Notice of Assessment).
    • Employees working on commission basis must carry the following –
      1. Their commission statements for the last 6 months
      2. Their income tax NOA (Notice of Assessment) for the last 2 years
    • Self – employed applicants must carry the following –
      1. Their income tax NOA (Notice of Assessment) for the last 2 years

    Applying for TCC Medicare Loan

    The application for the TCC Medicare Loan is available on the TCC official website.

    • Download the application form from the TCC official website. Print this form and fill in the required details. Do not forget to sign on this form.
    • You can email the form along with the required documents to TCC OR you can Fax the form with the documents.
    • As an alternative, you can also walk into the TCC office and submit the form in person and apply for the loan .

    Other Loans Offered By TCC Bank in Singapore:

    TCC Medicare Loan - Frequently Asked Questions

    1. What discount do I get when I apply for the TCC Medicare Loan online?
    2. When you apply for the TCC Medicare Loan online, you get a discount of 10% on your processing fee.

    3. What is the interest rate structure for the TCC Medicare Loan?
    4. The TCC Medicare Loan is offered at a flat interest rate of 4.5%.

    5. Who are eligible to apply for the TCC Medicare Loan?
    6. Singapore Citizens and Singapore Permanent Residents or PRs are eligible to apply for the TCC Medicare Loan. This loan is not available to foreigners.

    7. Do I need to provide my Income Tax Notice of Assessment (NOA) to apply for the TCC Medicare Loan?
    8. If the loan amount is greater than SGD 10,000 the applicant must provide their latest Income Tax Notice of Assessment (NOA) to apply for the TCC Medicare Loan.

    9. I have downloaded and filled the TCC Medicare Loan application form. How do I submit it?
    10. Once the TCC Medicare Loan application form has been filled, you can either email or fax the form to TCC along with the required documents. You could also walk into the TCC office and hand over the form to the representative in person to apply for this loan.

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