Is the monthly installment included in the minimum payment amount?

The minimum payment amount includes the following components:

• The monthly installment amount.
• The interest (if any) associated with the installment plan.
• At least 2% of the remaining outstanding balance excluding installments (or as stipulated by MSB from time to time).

Notes:

• You are required to pay at least the minimum payment amount to avoid late payment penalties.
• If you only pay the minimum payment, the remaining outstanding balance will be subject to interest charges in accordance with MSB regulations.
• To avoid interest charges, you may choose to pay the full outstanding balance stated in the credit card statement.

You can check your statement details via the MSB Digital Banking application or contact the MSB Customer Service Hotline at 1900 6083 for assistance.

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