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Frequently Asked Questions(Revision of Interest Rates for BOC MoneyPlus)


1.Why is there a revision of interest rates for BOC MoneyPlus?

As part of our continuous efforts to enhance our services and banking experiences to our valued customers, we have done a review of our BOC MoneyPlus interest rates.

2.What are the revised interest rates and when is it effective?

With effect from 1 April 2014, effective interest rates for customers with annual income of S$30,000 and above are at 18.55% per annum while effective interest rates for customers with annual income of S$20,000 to S$29,999 are at 28.55% per annum.

3.How will the interest rates be calculated on my outstanding balance amount?

From 1 April 2014, your outstanding balance amount will be subject to the revised MoneyPlus interest rates. Interest rates are calculated on a daily basis.

4.Will the revised MoneyPlus interest rates affect my MoneyPlus Term Loan?

No, it will not impact MoneyPlus Term Loan.

5.Who should I contact for more information?

Please call our 24 hour Customer Service Hotline at 1800 338 5335 for more information.

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