The NSSA Revolving Loan Facility is a loan facility that is extended to all qualifying NSSA pensioners who receive their pension payouts through POSB. This loan facility aims to enhance the livelihoods of NSSA pensioners through funding of income-generating projects run by pensioners and/or for personal purposes.
The facility has the following business conditions:
|NSSA Revolving Loan Facility||Conditions of Service|
|Loan application/ processing fees||Nil|
|Interest Rate||10% p.a|
|Loanable amount||Up to 10 times monthly pension|
|Special conditions||Qualifying pensioners are those who receive their monthly pension through POSB. However, there is no waiting period for new pensioners.|
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