Personal Loan Calculator: Find Out How Much To Repay Easily

Before committing to a personal loan, it’s important to know how much you will need to repay. Find out using our loan calculator for personal loans:

Documents required to complete loan application

Now that you have a clear idea of what your loan will cost every month —as well as the total payment amount and total interest charges for your loan— thanks to our easy-to-use Personal Loan Calculator, it is time to take the next step.

Here at 96BM, we take special care and precautions to protect you from identity theft. We will only complete the loan application process with you in person, after we have verified your personal and financial information. We absolutely do not condone the action of fraudsters who use your information and take up loans in your name!

Here are the general documents we need you to furnish:

Proof of identity

NRIC
Passport or valid Work Pass (for foreigners)

Proof of income

Payslips (latest 3 months); or
Bank statements; or
CPF Contribution Statements; or
IRAS Notice of Assessment (NOA)

What else to take note of?

You do not have to find out your credit score prior to applying for your personal loan. We will assess your creditworthiness based on your Loan Information Report, and determine the terms of your loan accordingly based on your income documents after an in-person interview with you at our office.

If you wish to get a co-signer to get a larger loan principal and/or lower interest rate, please get your co-signer to furnish the abovementioned documents, too.

96BM Credit is fully committed to a quick and transparent loan assessment process, typically in under 30 minutes. Once you have signed the loan contract —after reviewing it thoroughly with our friendly loan officer— you can receive your loan on the spot!

Need more assistance? Contact us anytime.

Frequently asked questions about our Personal Loan Calculator

Q1. How does the Personal Loan Calculator work?

We use the loan amount, loan term and interest rate that you submit to calculate the instalments and total repayment sum exactly like how we would when processing a real application. Our loan calculator for personal loans is very intuitive and easy to use.

Q2. Is the Personal Loan Calculator accurate?

The accuracy of the results depends on the information you provide, together with some assumptions. We have assumed that every instalment of your monthly loan is paid in time and in full. Other penalties may apply if you are late on your payment or miss a payment altogether.

Q3. Does my credit score affect the total repayment amount?

Your credit score may affect the interest rate you receive, hence the total repayment amount.

Q4. Will my instalment amount change or stay fixed?

Your instalment amount is fixed, unless you incur late interest and late payment charges. Information regarding late interest and late payment will be explicitly provided before you sign the loan contract.

Q5. Are the figures from the Personal Loan Calculator final?

We may adjust the interest rate we charge on loans at our discretion. Returning clients may also be eligible for certain discounts not available to others. These can reduce the borrower’s monthly instalment and total repayment amounts.

Happy with what you see on our loan calculator for personal loans?

Disclaimer:

This Personal Loan Calculator is provided as a reference only. 96BM Credit does not guarantee the accuracy, usefulness or currency of the information it contains. Please contact our office for the latest information on rates and charges.

Use of the Personal Loan Calculator does not guarantee approval of a loan application.

Call Us

6292 2629