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Bank of China MoneyPlus Term Loan


  • Interest rate as low as 6.38% per annum
  • Up to 36 months repayment period
  • Fixed repayment amount every month
  • Low processing fee

Apply Directly with Bank

Interest Rates

For applicants with annual income of S$30,000 and above

Tenure (months) One-time Processing Fee Applied Interest Rates(% p.a.) Effective Interest Rates(% p.a.) Monthly Instalment Amount Daily Instalment Amount
12 2% 6.38% 14.58% S$887 S$30
24 2% 7.38% 15.40% S$478 S$16
36 2% 8.68% 17.07% S$350 S$12

For applicants with annual income from S$20,000 to S$29,999

Tenure (months) One-time Processing Fee Applied Interest Rates(% p.a.) Effective Interest Rates(% p.a.) Monthly Instalment Amount Daily Instalment Amount
12 5% 6.38% 19.46% S$887 S$30
24 5% 7.38% 17.89% S$478 S$16
36 5% 8.68% 18.77% S$350 S$12

Above illustration is based on a thirty (30) day calendar month, for a loan amount of S$10,000. Instalment amounts and interest rates have been rounded off to the nearest number. AIR refers to Annual interest rates; EIR refers to Effective interest rates.

Your approved BOC MoneyPlus Term Loan funds can be transferred into ANY bank’s savings or current account of your choice upon approval of application.


For applicant who do not have BOC Money Plus account

  • All applicants must be 21 years & above, with annual income of minimum S$20,000 & above.
  • For foreigners, a minimum income of S$60,000 p.a. is required.
  • For salaried employee, please submit your latest Income Tax Notice of Assessment*, latest computerised payslip or last 6 months’ CPF Statement of Account and photocopy of NRIC (front and back).
  • For self-employed, commission or variable income earners, please submit past 12 months’ CPF statement or last 2 years’ Income Tax Notice of Assessment and photocopy of NRIC (front and back).

* You can now print your Notice of Assessment at myTax with your SingPass or IRAS PIN. The service is free. Log on to Insufficient information may cause delays in processing.


Minimum monthly payment 3% of the monthly balance outstanding, plus any outstanding Minimum Payment Sum or S$50, whichever is greater.
Late payment charges 2% of minimum payment sum or S$80 per month, whichever is higher;  if minimum monthly payment is not made by due date
Annual membership fee S$80 (Prevailing GST is applicable)
Returned Funds S$40 per occasion for any returned cheques or GIRO payment
Over Limit Fee If the monthly outstanding balance exceeds the Credit Limit due to fees, interest and charges (including late payment charges) or etc as the case may be, relating to the use of the account, an overlimit fee of S$40 shall be charged.
Payment hierarchy Payment made to the MoneyPlus cardmember’s account will be settled in the following order, with 1 being the highest priority for settlement:
1. MoneyPlus Term Loan
2. MoneyPlus Line of Credit
3. MoneyPlus Fund Transfer

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