Who can apply for the TCC Personal Loan?
The TCC Personal Loan is open to Singapore citizens and permanent residents aged between 21 and 60 years. To qualify, applicants should earn a minimum monthly income of S$1,200. It’s an ideal option for a variety of individuals, including salaried workers, contract employees, self-employed individuals, and private hire drivers.
Even those in the gig economy can benefit from this loan’s flexibility. Non-members interested in applying for the loan can join TCC during the loan application process, allowing them to access the benefits of TCC membership alongside their loan approval.
Required Documentation
To apply for the TCC Personal Loan, you’ll need to prepare some key documents. These include proof of identification, such as your NRIC, along with recent payslips or CPF contribution history to verify your income.
Self-employed applicants will need to provide their Notice of Assessment for the last two years. If a surety is involved, similar documentation will be required. By having these documents ready before applying, you can streamline the process and ensure a faster review and approval time, getting you closer to the funds you need.
A Tip for You!
Before applying for the TCC Personal Loan, take time to assess your repayment capacity. Use TCC’s loan calculator to get an idea of your monthly repayments, and choose a loan term that suits your budget. Remember that opting for a longer tenure can reduce your monthly payment, but a shorter term might save you money on interest in the long run.
By understanding your financial situation and planning your loan repayments in advance, you can make the most of the TCC Personal Loan without putting a strain on your finances.
Tell me how to apply for the TCC Personal Loan!
TCC’s team is dedicated to guiding you through every step, from submitting your documents to understanding your repayment options. Click the link below to start your application and discover how the TCC Personal Loan can help you reach new milestones. Get ready to turn your financial aspirations into reality with TCC Credit Co-operative!