ANZ MoneyLine is a flexible credit line that empowers you to do more with a term loan, line of credit facility or both. This unique 2-in-1 facility gives you the power of extra cash for whenever you need it for all your lifestyle choices.
10.45am on a business day (Monday – Friday excluding Public Holidays).
on the next business day.
** Cash collection over branch counter is only available on a business day. (Monday to Friday, excluding Public Holidays. Operating hours are from 9:30 am to 3:30 pm)
# Cash will be available to you on the next business day if you opt for Fund Transfer.
Features
Q. What is the MoneyLine prevailing interest rate?
A. The prevailing interest rate for MoneyLine is 17.88% per annum (p.a.) or 1.49% per month. It is charged only on the amount that you use, and it is accrued on a daily basis.
Q. Upon approval of my MoneyLine, what do I get?
A. You will enjoy the following MoneyLine benefits
- Attractive interest rate of 17.88% p.a. on usage of your credit line
- Pay only when you use and only the minimum amount when needed
- Free cheque book
- Free ATM card which gives you access to over 100 ATMs island wide and more than 1.8 million Cirrus ATMs worldwide
- Round-the-clock assistance with Phone Banking and Internet Banking services
- Complimentary credit card (optional)
- Have the option of applying for a MoneyLine Term Loan at attractive interest rates with flexible and long repayment periods.
Q. Do I need to provide a guarantor or any collateral to apply for MoneyLine?
A. There is no need to provide a guarantor or any collateral to apply for MoneyLine. Simply submit the following supporting documents
- For Salaried Employee
Photocopy of your NRIC (front and back) AND
Latest computerised payslip or latest CPF statement showing the last 6 months’ contribution or latest Income Tax Notice of Assessment. - For Self-Employed/Commission-based earners
Photocopy of your NRIC (front and back) AND
Latest 2 years’ Income Tax Notice of Assessment.
Q. Do I pay only when I use?
A. Yes, interest is charged only upon usage of your MoneyLine account. Usage can be either through ATM withdrawals, cheque, Phone Banking and Internet Banking.
Fees and Charges
Q. Is there a minimum interest charge?
A. Yes. There is a minimum interest charge of S$12.
Q. What is the annual fee for MoneyLine?
A. For now, we are waiving the annual fee for 2 years! So, there is no cost to you to apply. Subsequently, there will be an annual fee of S$49 which will be debited from your account.
Q. What happens if I do not utilise the account and terminate the account within 3 months?
A. We do not charge any interest for non-utilisation. However, should you wish to terminate the account, you are required to inform us in writing.
Q. What if my payment is late?
A. There will be a late payment fee of S$80.
Q. When does the overlimit fee apply?
A. The overlimit fee of S$50 is only charged when your outstanding balance exceeds your account credit limit.
Q. What other fees and charges are there on MoneyLine?
A.
| Fee | Amount |
|---|---|
| ATM Card Replacement Fee | S$10 |
| ATM5 Shared ATM Network Withdrawal Fee | Waived |
| Overseas ATM Withdrawal Fee | S$12 |
| Returned Cheque | S$50 |
| Stop Cheque | S$40 |
Accessing the Line
Q. How do I utilise MoneyLine?
A. To access MoneyLine, simply use your MoneyLine cheque book. You can also use your ATM Card to withdraw cash (up to S$3,000 per day) from our ATMs and atm5, Shared ATM Network in Singapore. Your ATM Card also allows you to withdraw cash from more than 1.8 million Visa & Cirrus ATMs worldwide at a nominal transaction fee. Lastly you also can access your MoneyLine through the 24-hour Phone and Internet Banking services.
Q. How do I keep track of how much I have used?
A. A monthly statement of account will be sent to you showing your transactions and interest charges for the stated period. It will also indicate the available credit limit.
Payments
Q. How do I make payment?
A. Payment can be made using any of the following methods
- Cheque Payment: Mail your cheque and payment advice to us. Ensure that your cheque is crossed and made payable to MoneyLine Account No. _______________
- Cash Payment: Visit our Retail Banking Centre at Singapore Land Tower to make payment in cash.
- AXS stations: Payment can be made at AXS stations situated islandwide with your NETS ATM Card or Cash Card.
- Self-service Automated Machine ( S.A.M.™ ): Payment can be made at S.A.M.™ situated islandwide with your NETS ATM Card.
- Internet Banking: Payment can be made using the fund transfer service to transfer funds from your other accounts with the Bank to your MoneyLine account.
Q. How much do I need to pay per month?
A. You are not required to pay your account in full each month. You only need to pay the minimum amount due each month. The amount is stated on your monthly MoneyLine statement. We have the lowest minimum monthly repayment requirement of S$12 or 3% of your outstanding amount, whichever is higher.
| Month-end outstanding debit balance | Minimum payment amount |
|---|---|
| S$0 to S$12 | Exact amount outstanding |
| >S$12 to S$400 | S$12 |
| >$400 | 3% of amount outstanding |
MoneyLine Term Loan
Q. How do I know when my term loan ends?
A. The duration of your term loan is indicated on your monthly Statement of Account.
Q. What is the maximum term loan amount that I may apply for?
A. The maximum term loan amount shall not exceed 95% of your available credit limit at the time of application.
Q. How is the term loan interest and monthly instalment amount calculated?
A. The interest is calculated on a front end add-on basis, which means that the interest amount is calculated upfront and is based on the original loan amount. The total payable amount is then spread over the duration of the loan tenor. Please see illustration table below for clarification.
| Term Loan | Amount |
|---|---|
| Term Loan Tenor | 12 months |
| Effective interest rate | 14.55% p.a. |
| Term Loan Interest | 7.2% p.a. |
| Principal Loan Amount | S$10,000 |
| Interest Amount | S$720 |
| Total amount payable after 12 months | S$10,720 |
| Monthly Instalment Amount | $893.33 |
Note: Figures above are simplified for illustration purpose.
Q. What if I am not able to make the monthly instalment payments?
A. With MoneyLine, you have the flexibility of paying just the minimum payment amount of S$12 or 3% of the total outstanding amount, whichever is higher. The unpaid instalment amount that is due will then be rolled over at the prevailing overdraft interest rate of 17.88% p.a.
Q. What kind of accounts can I transfer term loan funds to?
A. You may transfer the funds to any other banks’ credit cards, personal credit lines and savings/current accounts.
Q. Can I fully redeem the term loan amount before the expiry of the tenor?
A. Yes. However, please inform the Bank if you choose to do so. Otherwise, monthly instalments will continue to be affected. Note that there will be an early repayment fee that is chargeable upon early repayment.
Q. If I take up a term loan, am I still able to withdraw from my MoneyLine account via ATM/Cheque/Phone Banking/Internet Banking?
A. Absolutely, provided that you have available credit limit to withdraw from. Furthermore, every instalment payment frees up more of your credit limit for you to use as wish.
For new ANZ MoneyLine customers
Call our 24-hour Customer Service at 1800 269 2269
Terms and conditions
- ANZ MoneyLine terms and conditions (PDF 136kB)
- ANZ MoneyLine Term Loan Promotion terms and conditions (PDF 64kB)
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