Cash woes? A personal loan to the rescue!
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    OCBC Personal Loan Interest Rates

    OCBC offers 4 types of personal loans – EasiCredit, ExtraCash Loan, Balance Transfer, and Cash-on-Instalments. With these personal loans, you can borrow up to 6 times your monthly salary along with low interest rates. The balance transfer allows you to enjoy 0% interest with a low one-time processing fee. The Cash-on-Instalments offers interest rates from 5.80% p.a. on a 12-month tenor.

    EasiCredit Interest Rates

    The table below shows the interest rates of EasiCredit:

    Loan amount Effective Interest Rate (EIR) Monthly minimum repayment
    S$20,000 to S$29,999 29.8% p.a. 5% or S$50
    S$30,000 and above 19.98% p.a. 3% or S$50

    The EIR increases to 36% p.a. if you do not pay the monthly minimum amount on time.

    ExtraCash Interest Rate

    The table below shows the interest rates of ExtraCash:

    For annual income of S$30,000 and more

    Tenor Interest rate Effective Interest Rate (EIR)
    12 months 8.31% p.a. 18.88% p.a.
    24 months 8.18% p.a. 17.07% p.a.
    36 months 8.27% p.a. 16.44% p.a.
    48 months 8.40% p.a. 16.11% p.a.
    60 months 8.55% p.a. 15.92% p.a.

    For annual income of S$20,000 to S$29,999

    Tenor Interest rate Effective Interest Rate (EIR)
    12 months 12.31% p.a. 26.39% p.a.
    24 months 12.25% p.a. 24.37% p.a.
    36 months 12.50% p.a. 23.67 p.a.
    48 months 12.81% p.a. 23.31% p.a.
    60 months 13.14% p.a. 23.10% p.a.

    Balance Transfer Interest Rate

    The table below shows the interest rates applicable on balance transfer:

    Tenor Interest rate Effective Interest Rate (EIR)
    3 months 0% p.a. 7.38% p.a.
    6 months 5.34% p.a.
    12 months 5.20% p.a.

    Cash-on-Instalments Interest Rate

    The interest rates for Cash-on-Instalments are shown in a table below:

    Tenor Interest rate Effective Interest Rate (EIR)
    12 months 5.80% p.a. 14.33% p.a.
    24 months 12.80% p.a.
    36 months 12.11% p.a.
    48 months 11.71% p.a.
    60 months 11.38% p.a.

    The numbers taken here are for illustration purposes and are approximates. Make sure you check with the bank for the actual numbers.

    OCBC offers promotional interest rates quite frequently. You can check these interest rates and also offers from other banks in Singapore here.

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