Cooperating for a Better Tomorrow

Loan Schemes

Easi-Loan

This short-term loan scheme allows you to use your net savings (savings less loan) as the collateral when you need to apply loans from Police Co-op.

You can opt to repay the loan in full upon the expiry of the loan or offset the loan against your savings within a repayment period of one to three months.

Hundred-Percent Loan

Similar to the Easi-Loan scheme except for a longer repayment period and monthly deductions from pay packet are required.

Repayment ranges from 12 to 60 months. Two instalments will be deducted upfront upon the approval of the loan.

The Millennium Loan

Enjoy loans from $500 to up to 6 times of your monthly salary with repayment options ranging from 6 to 60 months.

Repayments are based on monthly, instalments deducted from your pay packet. Two instalments will be deducted upfront upon the approval of the loan.

Gratuities Loan

This is a loan scheme applicable only for members who are due to retire in 6 months’ time under the pension scheme.

Under this scheme, the minimum and maximum loan amount is $5,000 and $50,000 respectively.

Repayment to be made by issuance of a post-dated cheque made payable to “The Singapore Police Co-operative Society Ltd” at the time of loan application.

Special Self Insured Scheme

An exception loan granted on a case-by-case basis to members who require a loan that exceeds their loan quantum applicable under the Millennium Loan Scheme

Savings Schemes

Subscription Savings (Mandatory)

All members are required to contribute an amount, minimum of $40 and maximum of $500 monthly. You will be paid yearly dividends on these savings based on figures standing as at 31 December.

All members are automatically included into this savings scheme.

Share Capital (Mandatory)

At the start of your membership, you are required to purchase a minimum of 150 Police Co-op shares at a par value of $1 each. The dividends declared on these shares are the same as those of the Subscription Savings Scheme.

All members are automatically included into this savings scheme.

Fixed Deposits (Optional)

With as little as $500, you can take advantage of this scheme to increase the value of your surplus cash. You may also share the benefits with your loved ones by opening a joint account with them as a co-depositor.

Application for this scheme is required.

Specific Deposits Savings (Optional)

A voluntary savings scheme for you to set aside a sum of money for committed future expenses, such as vehicle insurance, road tax or a well-deserved family vacation. You may withdraw the money any time at your discretion.

Application of this scheme is required.

Series 13

Subscription-To-Savings Scheme – Series 13
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 4-year term in Subscription-to-Savings Scheme Series 7, maturing on 31 October 2022.

Series 14

Subscription-To-Savings Scheme – Series 14
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 4-year term in Subscription-to-Savings Scheme Series 8, maturing on 31 October 2022.

Series 15

Subscription-To-Savings Scheme – Series 15
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 4-year term in Subscription-to-Savings Scheme Series 10, maturing on 31 October 2022.

Series 16

Subscription-To-Savings Scheme – Series 16
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 4-year term in Subscription-to-Savings Scheme Series 11, maturing on 31 October 2022.

Series 17

Subscription-To-Savings Scheme – Series 17
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 4-year term in Subscription-to-Savings Scheme Series 9, maturing on 31 October 2023.

Series 18

Subscription-To-Savings Scheme – Series 18
(By Invitation)

A by-invitation only, 2-year savings scheme for members who had participated in and successfully completed the 2-year term in Subscription-to-Savings Scheme Series 12, maturing on 31 October 2023.

Series 19

Subscription-To-Savings Scheme – Series 19
(By Invitation)

A by-invitation only, 3-year savings scheme for all members with no outstanding loans with Police Co-op and a minimum balance of $2,000.00 in their Subscription Account as at 31 October 2023.

Last Updated on February 26, 2024