ANZ FlexiLoan

Take control of your finances with FlexiLoan, a credit card term loan which offers interest rates as low as 0.48% per month with easy repayments via fixed instalments of up to 48 months.

Tenure FlexiLoan interest rate# Effective interest rate*
12 months 5.8% p.a. 11.98% p.a.
24 months 6.8% p.a. 13.27% p.a.
36 months 7.8% p.a. 14.66% p.a.
48 months 8.8% p.a. 15.99% p.a.

#Interest is calculated on a front end add on method.

*The effective interest rate (EIR) is calculated taking into consideration the S$80 processing fee and based on approved loan amount of S$10,000.

Monthly interest savings

Items FlexiLoan Other cards Other credit lines
Loan amount $10,000 $10,000 $10,000
Interest rate 6.8% p.a. 24% p.a. 18% p.a.
Interest charges $680 $2,400 $1,800

Savings every month for 12 months!		   $143 $93

The above illustration is for a loan tenure of 24 months and figures have been simplified for illustration purpose.

FlexiLoan terms and  conditions

If you have applied to participate in the FlexiLoan (“FlexiLoan”), you agree to abide by these terms and conditions
1. Your participation in FlexiLoan is subject to the following
(a) FlexiLoan is applicable for transfers in Singapore dollars to your bank account/credit cards/line of credit held with other banks or financial institutions in Singapore.
(b) The loan amount shall be in multiples of $100 and must not be less than the minimum amount determined by the bank from time to time (“Loan Amount”).
(c) The Loan Amount shall not exceed 95% of the available Credit Limit or $30,000, whichever is lower, on your Card Account at the time of application.
(d) The Credit Limit on your Card Account (excluding any temporary Credit Limit increase) is sufficient to block out the Loan Amount, interest amount and processing fee.
(e) You are obliged to continue to make payments to your designated credit cards/line of credit until you have received the bank’s written confirmation that your account with such other bank or financial institution has been credited with the Loan Amount. We shall not be responsible for any  overdue payment, charges, fees, or interest incurred thereby.
(f ) The Loan Amount cannot be transferred into an MoneyLine Account.
(g) You are not in breach of the Cardmember’s Agreement.
(h) The bank’s approval in its absolute discretion, without the need to furnish any reason for rejecting an Application.
2. Upon approval of your Application
(a) The interest amount for your FlexiLoan, at such rate as may be determined by The bank, will be calculated based on a front-end add-on method on the approved Loan Amount.
(b) You shall pay the approved Loan Amount and interest amount over such tenor and in such amounts as we may from time to time determine and approve (“Instalments”).
(c) A processing fee of such amount or at such rate as determined by the bank shall be debited to your Card Account in full together with the first Instalment and shall not be refundable in any event.
(d) Your available Credit Limit will be reduced by blocking out an amount equivalent to the approved Loan Amount and processing fee, but will be progressively restored by the amount of each Instalment as each monthly Instalment is paid and received by The bank.
(e) You may not change the tenor of your FlexiLoan.
(f) You will not receive any Rewards Points in respect of all amounts relating to FlexiLoan.
3. Each Instalment shall be charged to the Card Account and will be treated in the same way as any other Card Transaction charged to your Card Account. The Instalments payable will be reflected in your Billing Statement and shall be payable in accordance with these terms and the
Cardmember’s Agreement. In particular, interest and late charges will be levied on any overdue Instalment as well as other overdue amounts in the Card Account in accordance with the Cardmember’s Agreement.
4. You shall make all payments on your Card Account by the relevant Payment Dates notwithstanding that you may have Applications pending processing. Payments made to your Card Account will not be refunded even after your Application is approved.
5. The bank may at its discretion impose a non-refundable early redemption fee of such amount as it may determine if the FlexiLoan is terminated (whether arising from the termination of your Card Account or otherwise) or if you make early prepayment of any amount under your FlexiLoan. All unpaid Instalments will then be debited to your Card Account and become immediately due and payable. Such early redemption fee will be payable regardless of subsequent revocation of any repayment or your failure to make full repayment.
6. The bank reserves the right and discretion to determine and vary the Instalment amount, processing and early redemption fee, tenor and all other payment details and terms of your FlexiLoan from time to time and without prior notice. Subject 
to the preceding sentence, you understand that you are bound by such payment details then prevailing at the time of your Application.
7. The bank is entitled in its discretion to amend, vary or modify these terms at any time without notice and such changes shall be binding on you with effect from such date as the bank may determine.
8. These terms shall be governed by the laws of Singapore and you hereby submit to the non-exclusive jurisdiction of the courts of Singapore. A person who is not a party to these terms shall have no right under the Contract (Rights of Third Parties) Act (Cap. 53B) to enforce any of these  terms.   
9. References here shall have the same meaning as in the Cardmember’s Agreement. These terms apply in addition to the terms of the Cardmember’s Agreement which continues to have full force and effect. In the event of any inconsistency between these terms and those in the Cardmember’s Agreement or any brochures, marketing or promotional materials, these terms shall prevail in so far as they relate to FlexiLoan.

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