• Personal Loan BYTES FROM OUR KITCHEN

    TCC Personal Loan Singapore

    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.


     

    You’re probably eligible for a TCC Personal Loan if you are

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    TCC Personal Loan Minimum Age

    Atleast 21 years

    TCC Personal LoanMaximum Age

    Less than 60 Years

    TCC Personal Loan Eligible Employment Type

    Salaried or self-employed with regular income

    TCC Personal Loan Minimum Income

    Earn more than the minimum income required


     

    Your TCC Personal Loan amount eligibility is based on these factors

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    TCC Personal Loan Minimum Salary

    Minimum annual income - S$1200

    TCC Personal Loan Maximum Loan Funded

    No Info

    TCC Personal Loan EMI

    EMIs of other loans lower your eligibility


     

    Increase your eligible TCC Personal Loan amount by these steps

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    TCC Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    TCC Personal Loan Tenure

    No Info


     

    TCC Personal Loan DetailsUpdated on 14 Dec 2017

    TCC Personal Loan Details
    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.

    Why Choose TCC Personal Loan?

    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.

    Type of Personal Loans offered by TCC

    TCC offers 2 types of personal loan products to its customer that are as follows:

    • Personal loan: This loan offers flat interest rates to members who can apply as main applicants or with a joint applicant.
    • Consolidation loan: With this loan, all your credit card balances and other credit balances can be transferred to this loan at a lower interest rate. You can choose a tenure up to 60 months under this consolidated loan.

    Features and Benefits of TCC Personal Loan

    • You can apply for a maximum loan amount of S$50,000 with TCC.
    • Loan tenures of 3 to 5 years are available for this personal loan.
    • The option to have a guarantor for your personal loan is available.
    • Repayments on this loan should be made through GIRO payments.
    • Upon signing your loan agreement, you will be required to make an upfront payment on the loan.
    • If you or the surety have an existing loan with another co-operative, you must provide a co-op statement while applying for this personal loan.
    • Personal loan calculator – TCC offers an online calculator to compute your monthly repayment and total interest payable on the loan. If you provide your principal loan amount and tenure (in months), you will be able to get an idea of your monthly repayments on this personal loan.

    TCC Personal Loan Interest Rates

    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.

    TCC Personal Loan for Foreigners

    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

    TCC Personal Loan Fees and charges
    Processing fee 3% to 5%
    Cancellation fee 1% of the loan amount

    TCC Personal Loan Promotions

    Apply for this personal loan from TCC online and receive 10% off on your processing fees.

    TCC Personal Loan Eligibility Criteria

    You need to meet certain criteria in order to apply for this personal loan which include the following:

    Eligibility criteria for main applicants:

    • Nationality criterion – This personal loan is applicable to Singapore citizens and Permanent Residents only. Also, only members of TCC and their respective family members are eligible to apply.
    • Age criteria:
      • Minimum age – 21 years.
      • Maximum age – 60 years.
    • Minimum income – S$1,200 per month.

    Eligibility criteria for sureties:

    • Nationality criterion – Only Singapore citizens can be sureties.
    • Age criteria:
      • Minimum age – 21 years.
      • Maximum age – 55 years.
    • Minimum income – S$1,500 per month.

    Documents Required for TCC Personal Loan

    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:

    • Salaried employees must submit the following documents:
      • A front and back copy of NRIC and
      • Most recent payslip and
      • CPF Contribution History for the past 15 months and
      • Most recent Income Tax NOA (Notice of Assessment) if your loan amount is more than S$10,000 and
      • Credit Bureau Report.
    • Commissioned-earners must submit the following documents:
      • A front and back copy of NRIC and
      • Commission statements for the past 6 months and
      • Income Tax NOA (Notice of Assessment) for the past 2 years.
    • Self-employed applicants must submit the following documents:
      • A front and back copy of NRIC and
      • Income Tax NOA (Notice of Assessment) for the past 2 years.
    • Joint applicants must submit a Marriage Certificate copy.

    How to Apply for TCC Personal Loan

    You can apply for a personal loan with TCC in the following ways:

    • Visit the TCC website and navigate to the Personal Loan webpage.
    • Scroll down to the bottom of the webpage and click on “Application for Personal Loan”.
    • Fill up this loan application form with your personal details, employment details, financial commitment information, joint applicant details and surety details.
    • Read the “Declaration & Authorisation By Applicants” section and check the corresponding box below.
    • Take a printout of your completed form and sign the forms.

    There are 3 ways to submit the application to TCC which are as follows:

    • Email the application form and the requested documents to TCC at loan@tcc.org.sg.
    • Fax the application form and documents to TCC at 6738 1977.
    • Apply in person by visiting the TCC office and submitting the application form and documents to a member of the staff.

    Frequently Asked Questions

    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.

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