From now till 31 October 2020, pay S$0* commission when you remit funds overseas.
What is Debt Consolidation Plan (DCP)?
Who are the participating financial institutions?
Who is eligible for DCP?
How can I apply for DCP?
I am currently under the RAS scheme. Am I eligible for DCP?
Do I need to apply to all Participating FIs?
Can I apply for a DCP with a Participating FI that I am not a customer with?
What documents are required for application?
What if I have other transactions not reflected in my statement?
Can I consolidate the outstanding under an existing renovation loan, education loan and joint account under DCP?
What will be the total DCP amount?
What is the purpose of the additional 5% over and above the total DCP amount?
Can I choose not to have this 5% allowance?
Can I do a partial consolidation of my balances?
Can I request for the DCP amount to be deposited into my designated savings or current account?
Why am I given the 1x revolving credit facility?
Is it compulsory to have a revolving credit facility?
Are there fees attached to revolving credit facility? Do I need to pay any service fee or annual fee?
Can I request for lower limit on the revolving credit facility?
In case of exigencies, can I request for temporary line increase on my revolving credit facility?
Can I apply for a permanent credit limit increase on the revolving credit facility bundled with the DCP if my income increases?
Can I cancel my revolving credit facility?
Can I continue to use my existing credit facilities after I apply for DCP but before it’s being approved?
Will I be able to continue using my unsecured credit facilities once my DCP application is approved?
Do I need to continue to repay my unsecured credit facilities with my existing financial institutions after I have submitted by DCP application but before it is approved?
Do I need to stop my recurring /giro arrangement on the Designated accounts?
If DCP amount is insufficient to repay my existing credit facilities, what will happen?
What will happen to me if I am under DCP but fail to pay my excess/shortfall on my existing credit facilities?
Do I need to inform the FIs to close my accounts?
When can I start applying for new facilities?
Can I settle the DCP balance anytime when I have available funds?
Can I refinance my DCP loan with another Participating FI?
How will my Credit Bureau records be impacted if I take up DCP?
How long will the DCP account stay in my Credit Bureau report?
What is a DC Registry?