May it be about spending for a wedding or renovation for your house, personal loans can definitely prove to be your one stop solution. Do not hold back on your trip to your dream vacation spot as personal loans will provide you with the upfront money that you require to cover such expenses.
Atleast 21 years
Less than 60 Years
Salaried or self-employed with regular income
Earn more than the minimum income required
Minimum annual income - S$1200
EMIs of other loans lower your eligibility
Pay off your credit card bills
|Interest Rates||6.99% flat rate per annum|
TCC or The Credit Co-operative aims at providing its members and their families with quality financial services. TCC is a non-profit financial institution that offers myriad loan products at competitive interest rates. Personal loan is one such product offered to members with one of the lowest interest rate structures. The products are customizable and innovative which are tailored to meet the needs and requirements of the customers. The personal loan offered by TCC Credit Co-operative Limited provides you with financial support that you require in times of a home renovation, credit card bill payments, wedding, travel, etc.
TCC Credit Co-operative Limited is one of the best financial service providers in Singapore. Its primary focus is to provide great solutions to the consumers at an affordable cost. TCC Credit Co-operative offers all customers a discount of 10% on the processing fees when the personal loan application is done online. With interest rate as low as 6.99% per annum, the personal loan offered by TCC Credit Co-operation will definitely cater to all your needs without creating a financial pressure for you while repaying the loan amount.
TCC offers 2 types of personal loan products to its customer that are as follows:
TCC offers a flat interest rate structure on their personal loan package. An interest rate of 6.99% p.a. will be charged for this loan.
Foreigners are not eligible to apply for this personal loan. All applicants must be members of TCC or their family members who are Singapore citizens or Permanent Residents.
|TCC Personal Loan||Fees and charges|
|Processing fee||3% to 5%|
|Cancellation fee||1% of the loan amount|
Apply for this personal loan from TCC online and receive 10% off on your processing fees.
You need to meet certain criteria in order to apply for this personal loan which include the following:
Eligibility criteria for main applicants:
Eligibility criteria for sureties:
Here are the documents that need to be submitted by you and your sureties to complete the application process successfully:
Documents to be submitted by applicants and sureties:
You can apply for a personal loan with TCC in the following ways:
There are 3 ways to submit the application to TCC which are as follows:
Q. If I want to apply for TCC Personal Loan in person, when should I visit the TCC office?
A. You can visit the TCC office from Mondays to Fridays between 8:45 a.m. and 6:00 p.m. and on Saturdays between 9:00 a.m. and 1:00 p.m. to apply for their personal loan.
Q. Can a joint applicant be anyone other than my spouse for the TCC Personal Loan?
A. No. Joint applicants for this personal loan can only be a spouse. No other family member can be your joint applicant.
Q. Can I apply for a TCC Personal Loan if I have an existing loan with another co-operative?
A. Yes. You can apply for a personal loan with TCC if you have an existing loan with another co-operative but you will need to submit a co-op statement for the same.
Q. If I apply for the TCC Personal Loan as a single applicant, can my spouse by my surety?
A. No. Your spouse will not be eligible to stand as your surety for the TCC Personal Loan even if you apply as a single applicant.
Q. What is the criteria required for my guarantor to apply for the TCC Personal Loan?
A. Your guarantor must be a Singapore citizen between the ages of 21 and 55 years. They must be a confirmed employee with a minimum basic salary of S$1,500 for a loan amount of up to S$10,000 and a minimum basic salary of S$2,000 for a loan amount exceeding S$10,000. They must not have any existing loan with TCC or another co-operative and not be a guarantor for any TCC loans. They must not have any legal suits. TCC prefers family members (except spouse) to be guarantors but friends of applicants are also eligible.