Some people do not want the fastest loan. They want the most predictable one. A monthly installment loan gives you a fixed repayment on a fixed date, for a fixed number of months, so the loan becomes just another line in the budget instead of a monthly surprise. EZ Pte Ltd has been in Chinatown since 2004, licensed by the Ministry of Law, and you can check our name on their public registry before you tell us anything.
A monthly installment loan is a personal loan repaid in equal monthly amounts over a set period, typically up to 12 months at our office. The amount never changes, the date never changes, and you know the total cost before you sign. Interest is charged on the balance you still owe, so each payment shifts more toward clearing the loan as the months pass.
The household that budgets to the dollar and needs the repayment to be a known number, not a moving one. The worker whose expense is too big for one or two salaries but who refuses to let it drag past a year. The person replacing a chaotic mix of dues with one line item they can plan around. If your first question is “what exactly do I pay each month”, this is your loan.
Interest is capped at 4% a month under Ministry of Law regulations, charged on the remaining balance. One admin fee of up to 10% is allowed, deducted upfront. Total interest and fees can never exceed the amount borrowed. One worked example: borrow $3,000 over 12 months at the 4% maximum and the estimated repayment is $319.66 a month, $3,835.88 in total. Your actual offer is confirmed after assessment, and every figure is in the contract, explained in English or Chinese before you sign.
Your verified income tells us what monthly amount fits inside your salary safely.
We set the repayment date around your payday, so the money is there when the date arrives.
Signed in person, as the law requires. Every term explained in English or Chinese. Three minutes from Chinatown MRT.
Full amount, minus only the one admin fee the law allows. Straightforward applications can be approved and paid the same visit.
Typically 1 to 12 months at our office. Longer tenure means a smaller monthly amount but more total interest, and we will show you both versions before you choose.
No. It is fixed in the contract from day one. The only extra charges possible are the late fee of up to $60 and late interest on the overdue amount, and only if a payment is missed.
Yes, with no early settlement fee, and it reduces your total interest because interest is charged on the remaining balance.
It is a personal loan with a repayment structure built for planning: equal amounts, fixed dates. If you want the general option, see our personal loan page.
The law allows a late fee of up to $60 that month and late interest only on the overdue amount. Tell us before the date and we work it out. Silence is the only expensive choice.
Twelve marks on the calendar, the same number each time, and then it is done. Come in, see your exact number, and decide in your own time.
