What are the requirements for joint application?
Main Applicant:Minimum income of S$24,000 per annum
Joint Applicant:Minimum Income of S$12,000 per annum (Main Applicant’s parent, spouse, child or sibling)
The lower monthly income (up to 12 times) of the two applicants will be used to compute the loan amount in a joint application. Please note that the maximum loan amount that will be considered is S$30,000.
For example:
If your monthly income is S$4,000 and the joint applicant’s monthly income is S$1,500, you can borrow up to a maximum of S$18,000 (S$1500 x 12).
