Fee Schedules and Charges
Early Redemption Fee
For early redemption of a term loan, a fee of 20% of the outstanding amount shall be payable within 12 months from the date of loan and after 12 months from the date of loan – 5%.
Feature Cancellation Charge
In addition to the early redemption fee, if there is early redemption of your loan which has a particular Product Feature, a Feature Cancellation Charge shall be applicable as follows:
- Pay Interest Only: A Feature Cancellation Charge of $100 if the loan is redeemed within the interest-only period; or
- Step Up Interest Rate: A Feature Cancellation Charge of $200 if the loan is redeemed during the lower interest rate period.
Due Date Adjustment Fee
If you wish to change your instalment Due Date from the one you are initially allocated, a Due Date adjustment fee of $20 shall be applicable for any such change subsequent to the disbursement of the Personal Loan.
Statement Retrieval Fee
A processing fee of $10 shall be applicable for each request for a statement setting out your past transactions.
Non-Giro Admin Fee
If you do not make payments through GIRO, an administrative fee of $1.85 shall be applicable for each payment transaction made by you.
Unsuccessful GIRO Fee
If you have arranged for payment of the monthly instalment though GIRO deductions, a handling fee of $15 shall be applicable for the unsuccessful GIRO deduction of the monthly instalment from you.
Bounced Cheque Fee
If you tender a cheque as payment, which is dishonoured, a Bounced Cheque Fee of $40 shall be applicable as the processing fee for each cheque that is dishonoured.
Late Payment Admin Fee
If your monthly instalment is received after your Due Date, a late payment administrative fee of $150 shall be applicable for each month in which payment of your monthly instalment is received after your Due Date.
Late Payment Interest
Late payment interest shall be at the rate of 60% per annum plus the interest rate applicable to your loan.
Other fees may be applicable for additional services provided by us, and may be subjected to GST where applicable.