How To Use A Personal Loan Calculator To Your Advantage

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

Documents required for your loan application:

Now that you have a clear idea of what your loan will cost every month, it is time to take the next step.

96bm Credit only approves a loan after we have verified your personal and financial information. These precautions help protect your ID and other information from being used to take a loan in your name. These are the documents we accept:

Proof of identity

  • IC or FIN
  • Passport

Proof of financial circumstances

  • Contracts
  • Payslips
  • Bank statements
  • CPF Contribution Statement
  • IRAS Notice of Assessment (NOA)

You do not have to find out your credit score before applying. We will assess your creditworthiness based on these documents and an interview with you. If you wish to get a co-signer to get a larger loan principal and/or lower interest rate, please ask them to furnish the above documents too.

96bm Credit is always committed to a quick and transparent loan assessment process. Once this is done, you could receive your loan within an hour.

Frequently Asked Questions

We use the loan amount, loan term and interest rate that you submit to calculate the installments and total repayment sum exactly like how we would when processing a real application.

The accuracy of the results depends on the information you provide, together with some assumptions. We have assumed that every installment is paid in time and in full. Other penalties may apply if a borrower is late for a payment or misses a payment altogether.
Your credit score may affect the interest rate you receive. We may waive certain fees if your score is considered good.
Your installment amount is fixed, unless you incur late interest or late payment charges. All this information will be provided before you sign the loan contract.
We may offer special low interest loans at certain times during the year. Returning clients are also eligible for certain waivers and discounts not available to others. This will reduce the size of the monthly installment.

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