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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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