i-CREDIT Pte Ltd | Licensed Money Lender for Personal Loans and Cash Loans

ANNUAL PERCENTAGE RATE
(APR) TABLE

Annual Percentage Rate (APR) helps you compare loans and understand the costs involved. It won't give you a perfect answer, but it's as close as you can get to an apples-to-apples comparison among moneylenders in Singapore. Below show 3 tables with 3 diiferent set of Interest Rates offered by i-Credit.

i-Credit Interest Rates are offered at 10%, 13% and 17%. These percentages are being offered to 3 different groups of i-Credit's customers.

WHAT IS APR?

Annual Percentage Rate (APR) is a way to compare the costs of a loan. It will provides you with a standard for comparing the percentage costs on different loans by different moneylenders in Singapore.

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Interest Rates at 10% for Prefered Customers. For customers that have previous business relationship and good standing record with i-Credit.
Loan Amount	Term	Fees	Monthly	Total Costs	APR
$1,000.00	6	$600.00	$266.67	$1,600.00	171.00%
$1,500.00	6	$900.00	$400.00	$2,400.00	171.00%
$2,000.00	6	$1,200.00	$533.33	$3,200.00	171.00%

Interest Rates at 13% for Returning Customers. For returning customers that have previous business relationship or record with i-Credit.
Loan Amount	Term	Fees	Monthly	Total Costs	APR
$1,000.00	6	$780.00	$296.67	$1,780.00	209.73%
$1,500.00	6	$1,170.00	$445.00	$2,670.00	209.73%
$2,000.00	6	$1,560.00	$593.33	$3,560.00	209.73%

Interest Rates at 17% for New Customers. For new customers that have no previous business relationship or record with i-Credit.
Loan Amount	Term	Fees	Monthly	Total Costs	APR
$1,000.00	6	$1,020.00	$336.67	$2,020.00	261.50%
$1,500.00	6	$1,530.00	$505.00	$3,030.00	261.50%
$2,000.00	6	$2,040.00	$673.33	$4,040.00	261.50%