Fees & Charges

No Administration Fee
There is no administration fee charged for processing your loan application.

Interest Calculation
Interest Charged based on simple flat % interest calculation .

Late Payment Fee
A late payment penalty fee of minimum S$150.00* shall be applicable for each late payment.
*late penalty fee varies on loan amount

Late Payment Interest
Late Payment Interest shall be at flat interest rate of 240% per annum plus the interest rate applicable to your loan

Bounced Cheque Fee
If you tender a cheque as payment, which is dishonoured.
A handling fee of $50.00 will be charged for return/dishonoured cheque

Default Payment
All Legal fees and any others expenses incurred to recover the loan amount , interest , late fees and any other charges as stated in our loan agreement will be fully borne by the Borrower &/or the Surety .

* Credit Excel reserves the rights to amend any of the Terms & Conditions without any Prior Notice.