• Home Loan BYTES FROM OUR KITCHEN

    TCC Housing Loan Singapore

    You can transform the dream of owning the perfect house into reality using the TCC Home Loan. Buying your dream home has never been this easy and affordable.


    You’re probably eligible for an TCC Bank Home Loan if you are

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    TCC Bank Home Loan Minimum Age

    No Info

     TCC Bank Home Loan Maximum Age

    No Info

    TCC Bank Home Loan Eligible Employment Type

    Salaried / Self-employed with regular income

    TCC Bank Home Loan Minimum Income

    Earn more than the minimum income required


    Your TCC Bank Home Loan amount eligibility is based on these factors

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    TCC Bank Home Loan Minimum Salary

    No Info

    TCC Bank Home Loan Maximum Loan to property value

    Loan capped @ 80% of property value

    TCC Bank Home Loan EMI

    EMIs of other loans lower your eligibility


    Increase your eligible TCC Bank Home Loan amount by these steps

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    TCC Bank Home Loan Add Spouse as Co-applicant

    Make your spouse a co-applicant, and her income will add to your eligibility

    TCC Bank Home Loan Maximum Tenure

    No Info

    TCC Bank Home Loan Add parents as Co-applicant

    Alternatively add your parents


    Documentation needed to apply for an TCC Bank Home Loan

    • 1. The Valuation or Option to purchase document must be provided by applicant.
    • 2. Proof of Income documents must be provided by the applicant.
    • 3. Marriage Certificate
    • 4. Mortgage Contract
    • 5. Solicitors appointed by The Credit Cooperative (TCC)

    TCC Bank Home Loan DetailsUpdated on 21 Nov 2017

    TCC Bank Home Loan Details
    Interest Rate 6%
    Margin of Finance Up to 80%

    The Credit Cooperative Limited, popularly known as TCC has recently celebrated of serving its members in Singapore for the last 85 years. Their mission to be a First-Choice Credit Co-operative that provides family oriented financial services in a fair and innovate manner not only to the members of TCC but also their families. Their financial products and services are rich in terms of quality as well as value. The cooperative believes in doing complete justice to their tagline - The Credit Co-operative with a heart. The mission of TCC is to provide the best possible financial services they can to the members of the cooperative and their families. Whether you are planning a huge wedding, looking for an emergency funding for an unexpected medical expense or looking for consolidating your credit card debt under one single channel, TCC has the financial solution to and all your money problems. They provide top notch financial services at extremely competitive and affordable costs that are steeped in values that include – Convenience, Nurturing, flexibility, responsibility, caring, honesty, reliability, fairness and responsiveness.

    Why to choose TCC Housing Loan?

    You can transform the dream of owning the perfect house into reality using the TCC Home Loan. Buying your dream home has never been this easy and affordable.

    • TCC follows a flat interest rate structure for the TCC Housing Loan. This loan offers extremely competitive and low interest rate package. The TCC Housing Loan is offered at a flat interest rate of 6% per annum.
    • When you apply for the TCC Housing Loan online through the official TCC Singapore website, you will enjoy a discount of 10% on the processing fees.

    Features of TCC Housing Loan

    • The TCC Housing Loan is an affordable, low-interest home loan that comes with a fixed tenure.
    • Repayments towards the loan need to be done on a monthly basis (fixed monthly repayments).
    • Customers applying for the loan can choose a tenure of their choice. Interest rates will remain fixed throughout the loan tenure unless otherwise announced by the credit co-operative.

    How to Apply for TCC Home Loan

    You can apply for the TCC Home Loan by visiting the official TCC Credit Co-operative website and filling out the online application form. Once filled, you need to submit the required documents towards the loan (as specified by TCC). After this a representative will get in touch with you and help you complete other application related formalities. TCC will then process your application and approve it of your credit profile meets the credit co-operative’s requirements.

    Interest Rate for TCC Housing Loan

    The interest rate on the TCC Home Loan is 6% per month. This is a resting interest. The interest remains fixed through the tenure of the loan.

    Documents Required for TCC Home Loans

    • Income proof such as computerized payslips, and Letter of Appointment
    • Notice of Assessment on Income Tax for the last 2 years
    • Proof of Identity – front and back copy of NRIC  
    • Valuation of the new property intended to be purchased, or Option to Purchase
    • Contract of ownership (mortgage contract)
    • Marriage certificate, if applicable
    • TCC-appointed ssolicitors

    TCC Housing Loan Repayment

    Repayments can be made through internet banking. You can make your loan repayments which typically need to be done on a monthly basis, through internet banking. Login with your banking credentials to your bank account and directly make the monthly transfer.

    You can also sign an agreement that allows TCC to debit your monthly repayment account automatically from your bank account, with prior notification, on the designated date every month until the tenure of the loan expires.  

    FAQs

    1.  Are there alternate interest rate packages?

      A. No alternate interest packages are available. TCC only provides a fixed interest rate package.

    2. Can I pre-close my loan with TCC?

      A. Yes, TCC gives you the option of pre-closing your loan. Relevant interest charges will accordingly be levied.

    3. What if I don’t make the monthly payment by the due date?

      A. If you fail to make the monthly payment by the due date, you will charged a penalty as already decided by the bank in your loan agreement. Cases of defaulted payments will bear a dent on your credit score, reducing your chances of applying for loans in the future.

    4. Can I opt for a tenure of my choice?

      A. Yes, the bank lets you select a tenure of your choice. Tenures are mostly dependent on the down-payment and the quantum of the loan amount intended to be borrowed.

    5. What is the interest rate charged for the TCC Housing Loan?

      A. TCC offers its members extremely competitive and low interest rate packages. TCC Housing Loan follows a flat interest rate structure. This loan is offered at a flat interest rate of 6% per annum.

    6. Is there any discount offered to TCC members when they apply for the TCC Housing Loan?

      A. Yes. When you apply for the TCC Housing Loan online through the official TCC Singapore website, you will enjoy a discount of 10% on the processing fees.

    7. How do I submit the TCC Housing Loan application form once I have completed filling in the requested details?

      A. Once you have completed filling in the requested details on the application form, there are three ways through which you can submit the form to TCC. The first of which is that you can email the forms along with the requested documents to the TCC official email address listed on their website. The second option is to fax the form with the documents to the fax number provided online. The third option is to walk into the TCC office and submit the application form in person and apply for the TCC Housing Loan directly.

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