Singapore Digital Bank trust has expanded its range of finance products with the launch of two new loan products: installment purchase and balance transfer.
Both installment purchases and balance transfers offer interest-free options with small, transparent fees.
The installment purchase service allows customers to split the payment of a completed credit card transaction over three, six or 12 months.
Eligible purchases must be above S$100 and be made using a Trust card.
Customers may consolidate up to 10 transactions for installment payments.
The repayment amount is automatically added to your monthly credit card bill and you can pay it off early without penalty.
Meanwhile, the balance transfer option allows customers to borrow for up to six months with minimal repayment costs.
Similar to installment purchases, balance transfers allow you to borrow interest-free with transparent fees and also give you the flexibility to repay early without penalty.
Hasan Khan, head of cards and lending at Trust, said:
“We have expanded our range of loan products to cater to the various expense management needs of our customers.
Installment purchases and balance transfers aim to provide our customers with flexible options that are both convenient and easy on the wallet.”
