If you need finance for any purpose, come and see us. Our policy is to assist members wherever and whenever we can in the best possible way.We aim to keep interest rates as low as we possibly can for members. Generally lending rates for different types of loans reflect the risk associated with each type of loan.
4x of applicant’s salary
Rates of Interest
5% per annum (flat)
Up to 3 years
2% of loan amount
- Latest payslip (3 months)
- NRIC Copy (Both Sides)
- IRAS & CPF Contributions for past 2 years
General requirements for loans
- Minimum salary for both applicant and Guarantors is $2,500.00 and above.
- All loan liabilities of both the applicant and guarantor has to be declared.
- Loan applicants must be gainfully employed and have sufficient disposable income to comfortably meet the loan repayments.
- Sureties or guarantors are required for all loans
- The minimum number of sureties or guarantors required is 2. (At least one of whom must be a citizen)
- All loans granted are at the discretion of TRC Society Ltd
- The society extends personal loans to members. The application process is simpler, the processing period is shorter and our interest are among the most affordable.