POSB Loan Assist

1.	Why is the loan amount credited into my bank account different from the approved loan amount?
2.	What is the insurance for?
3.	How is the interest calculated?
4.	Why is the approved amount lower than what I have requested for in the application form?
5.	How will I know what is my monthly repayment amount and the due date?
6.	Will I get a monthly statement detailing the payment and outstanding balance?
7.	What are the fees and charges?