COVID Assistance Loan

Consolidate all your outstanding loans from multiple financial institutions and banks with our new TCC COVID Assistance Loan, to avoid the high interests and the hassle of multiple payment arrangements.

The TCC COVID Assistance Loan comes with a lowered interest rate of 4% p.a, to help those who may have difficulties in paying off their outstanding during this difficult period.

  • Interest Rate

    Lowered to 4% p.a. flat

  • Maximum Loan Amount

    Up to 6x combined income or $50,000, whichever is lower

  • Repayment Period

    Up to 5 years

Eligibility Criteria

Main and Joint Applicant:

  • Singapore Citizen or Singapore Permanent Resident
  • Age between 21 and 60 years old
  • Must be a TCC Ltd’s member, membership is FREE
  • Earning a minimum monthly basic salary of $1,200
  • Should not be existing surety for any other loans from TCC

Surety/ Sureties:

  • Singapore Citizen
  • Age between 21 and 55 years old
  • Must be a TCC Ltd’s member, membership is FREE
  • Earning a minimum monthly basic salary of $2,000
  • Should not be an existing surety for any other loans from TCC

The COVID Assistance Loan is valid from 1 Sep to 31 Dec 2021.