Secured Overdraft The standby secured line for your financial needs.


Up to 100% Loan Quantum


Attractive Interest Rates


Acceptable Collaterals

Fees and charges
For Insurance Policy
Annual Fee First Year waived, annual fee at 0.125% of approved limit with minimum of S$50
Cancellation Fee 1% on approved limit if facility is cancelled after acceptance of Letter of Offer (minimum S$50 capped at S$200)
  • Singapore Citizens or Singapore Permanent Residents
  • Individuals aged between 21 and above
  • Foreigners can apply, subject to review on case-by-case basis

For Insurance Policy:

  • Policyholder
  • CASH policy with minimum guaranteed cash/ surrender value of S$5,000
  • Policies are not CPF type or investment linked
  • Policies must be still in force and not classified under Section 73
  • Application form
  • Photocopy of NRIC (front & back)/ Passport
  • Copy of Insurance Policy (if Insurance Policy is used as collateral)
  • Latest CDP Statement (for Singapore shares) / CDS statement (for Malaysia Shares) (if shares are pledged as collateral)
  • Ownership documents (if Property is used as collateral), either one of the following:
    1. Sales & Purchase Agreement
    2. Outstanding Loan Statement (from respective bank)
    3. Title Deeds
  • Income documents: (applicable for Secured Overdraft against Property, Shares or Insurance Policy) :
    • Salaried Employee:
      a. Latest original computerised pay slip AND your latest original past 6 months’ CPF contribution statement OR latest original Income Tax Notice of Assessment
    • For self-employed:
      a. Income Tax Notice of Assessment (NOA) for latest 2 years
  • Note: Income documents are not required if Fixed Deposits are used as collateral