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  • EzyCash

    knowing that now we can have personal loan form Singapore Post by GE money... anyone know the details????

  • #2
    --deleted--
    Last edited by paraadiddle; 22-08-2005, 06:29 PM.

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    • #3
      cutiepie... You can give them a call at 64102988 for more details...

      But it basically allows for individuals earning $1200/mth and above to apply (assuming that you meet other criterias, of coz). Application can only be done at selected Singapore Post branches.

      What exactly do you wanna find out, babe?

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      • #4
        WHAT IS ezyCash?
        ezyCash is a personal loan of up to 4 times your monthly salary. It provides a
        flexible repayment period of 12 to 48 months at an interest rate of 1.5% per month.
        The minimum loan amount is S$2,500 and the maximum is S$10,000.

        IS ezyCash FROM SINGPOST?

        SingPost and GE Money have tied up to offer you ezyCash. Under this partnership,
        SingPost distributes GE Money?s personal loans at selected Post Offices.

        WHAT IS THE REPAYMENT SCHEME?

        The table below shows you the comfortable monthly payment plans available:

        24th Mth 36th Mth 48th Mth
        $4000 200 145 117
        $5000 250 181 147
        $6000 300 217 176
        $7000 349 253 206
        $8000 399 281 235
        $9000 449 325 264
        $10000 499 362 294

        Example: If you earn S$1,500 per month, you can get a maximum loan of S$6,000.
        If you choose to repay it over 36 months, your monthly instalment is S$217.

        Repayment options of 12, 18, 30 and 42 months are also available.

        ARE THERE ANY FEES INVOLVED?
        The processing fee is calculated at 1.99% of the approved
        loan amount or S$65, whichever is higher.

        Example: If you get a loan of S$6,000, the processing fee is S$119.40.

        HOW DO I ENJOY PEACE OF MIND WHEN APPLYING FOR ezyCash?

        You can choose to take up the optional payment protector for total peace of mind. With the payment protector, your outstanding loan amount will now be covered in case of accidental death, total and permanent disability and terminal illness.

        HOW MUCH IS THE PAYMENT PROTECTOR ?

        You can enjoy the Payment Protector for just an additional amount of 1.25% of your monthly outstanding.

        Example: If you get a loan of S$6,000 and choose to repay it
        over 36 months, your monthly instalment is S$217. You only need to pay as low as S$2.71 per month for your payment protection plan.

        WHO CAN APPLY FOR ezyCash?
        As long as you?re between 21 to 60 years old, a Singapore Citizen or Permanent Resident who works and resides in Singapore and with a minimum income of S$1,200*, you can apply for ezyCash.

        *with effect from 25 April 2005
        S$1,200 (salaried)
        S$1,500 (self-employed or salaried working in company where paid up capital is less than S$1million)

        HOW DO I APPLY FOR ezyCash?

        Follow these steps and you could get the cash you need quickly.

        1. Gather these documents:
        NRIC Card
        Latest computerised monthly payslip, income tax statement and CPF Statement (For salaried)
        Past 2 years Income Tax Statements (For self-employed)
        Latest phone bill or Singapore Power services bill
        Latest bank statement
        Credit Bureau Report (For income above S$30,000 per annum or credit card holders)

        2. Meet with our ezyCash officers at selected Post Offices.

        3. The money will be transferred directly into your bank account within 48 hours of approval.

        CAN I SEND MY APPLICATION BY POST OR VIA THE INTERNET?

        ezyCash is available at selected Post Offices only. Meeting our ezyCash officers is necessary for them to understand your financial needs before advising and helping you to structure the loan accordingly. The face-to-face meeting will also allow them to explain to you clearly the terms & conditions of your loan.

        HOW LONG DOES IT TAKE TO PROCESS ezyCash?

        Once we receive all the required documents, your loan will be processed within 5 working days, subject to our approval**.

        ** processing and disbursal times are on a best efforts basis. ezyCash is subject to GE Money?s terms and conditions and credit assessment criteria.

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        • #5
          nothing to display.
          Last edited by silentjess; 03-11-2008, 09:51 PM.

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          • #6
            not really... I think as long as they know u have contribution constantly to your CPF will be no problem.

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            • #7
              i would not recommend anyone to borrow money through such means, cos u might have difficulty in repaying them back... even if u structured to repay, it takes a few years depending on the amount u borrowed... do u think its worth it?

              anf ezycash is subject to approval, which means u must not have any current bad records on ur credit cards, pub bills etc...

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