Singapore’s digital bank Trust has expanded its range of financial products with the launch of two new loan offerings, Split Purchase and Balance Transfer.
Both Split Purchase and Balance Transfer offer interest-free options with a small and transparent fee.
The Split Purchase offering enables customers to spread payments for completed credit card transactions over 3, 6, or 12 months.
Eligible purchases must be valued at S$100 or more and made with a Trust card.
Customers can consolidate up to 10 transactions for installment payments.
Repayments are automatically added to the monthly credit card bill, and early repayment can be made without penalties.
Meanwhile, the Balance Transfer option allows customers to borrow for up to six months with minimal repayment costs.
Similar to Split Purchase, Balance Transfer offers interest-free borrowing with a transparent fee and the flexibility of early repayment without penalties.
Hasan Khan, Head of Cards & Lending at Trust, said,
“We expanded our range of loan products to cater to the varying needs of our customers when it comes to managing their expenses.
Split Purchase and Balance Transfer aim to provide them with flexible options which are both delightful to use and easy on the wallet.”
