Cash woes? A personal loan to the rescue!
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    We found 1 OCBC Personal Loan
    Bank Name
    Interest Rate
    Loan Tenure
    Joining Perks
    From 8.18% p.a. EIR from 15.92% p.a.
    1-5 Years
    What you'll love
    What you need
    What you need to consider
    What it costs

    OCBC Personal Loan

    Enjoy Standby Cash for Your Financial Emergencies

    Personal loans can be of great help if you require funds to make investments, consolidate your debts, and more. You can also make use of personal loans to fulfil your personal needs such as spending on your wedding, paying your credit card bills, etc.

    With OCBC, you can choose from different types of personal loans

    that offer funds at competitive interest rates with flexible tenures. With OCBC, you will also be able to make use of the promotional interest rate offered for a limited period.

    OCBC Loan Interest Rates

    Here are the list of personal loans from OCBC bank with interest rates

    Loan Tenure Applied Interest Rate Effective Interest Rate
    OCBC Cash-on-Instalments Between 0% p.a. and 5.80% p.a. Between 11.38% p.a. and 12.80% p.a.
    OCBC ExtraCash Loan Between 8.18% p.a. and 13.14% p.a. Between 15.92% p.a. and 26.39% p.a.
    OCBC EasiCredit Interest applicable only on the amount used Between 19.98% p.a. and 29.8% p.a.
    OCBC Balance Transfer 0% p.a. during the introductory offer period Between 5.20% p.a. and 7.38% p.a.
    OCBC Debt Consolidation Plan 6% p.a. currently Between 10.46% p.a. and 11.08% p.a.
    Secured Overdraft Interest charged only on the amount used Interest rate will depend on the value of the pledged security

    Features of OCBC ExtraCash Loan

    The table below shows the various features of this loan: 

     Loan amount   Up to six times your monthly salary 
     Interest rate       Up to 26.39% p.a. 
     Loan tenure       1 to 5 years 
     Processing fee   S$200 or 2% of the approved loan amount, whichever is higher

    Eligibility Criteria 

    To be eligible for this loan, you will have to fulfil the following eligibility criteria:

    Nationality  Singaporean/Permanent Resident/foreigner 
    Age   21 years or more
    Annual Income  At least S$45,000 for foreigners and S$20,000 for PRs and citizens
    OCBC Personal Loan

    Fees & Charges? 

    Here are the fees and charges associated with the various personal loans from OCBC

    Late fee S$80
    Early repayment fee 3% of the amount outstanding (S$1,000 minimum repayment)
    Restructuring fee 3% of the unsettled loan amount
    Processing fee S$100 for annual income S$20,000 to $29,999
    S$200 or 2% of the approved loan amount, whichever is higher for people with annual income of S$30,000 and above

    OCBC Personal Loan Requirements

    You will require the following documents when you apply for the different types of personal loans from OCBC bank:

    For salaried employees  for self-employed/commission based employees For Foreigners
    Recent electronic payslip
    last 6 months' CPF statement
    most recent Income Tax NOA
    last 12 months' CPF statement
    last 2 years' Income Tax NOA
    Employment Pass/Student Pass/ Work Permit/ and Passport

    Repayment Table

    Let us assume the loan amount to be S$15,000 and the annual income is assumed to be over S$30,000. The amount disbursed will be S$14,700. The table below shows the monthly instalment and the interest rate applied with different tenures:

    Tenure (years) Applied Interest Rate (% p.a.) Effective Interest Rate (% p.a.) Nominal Interest Rate (% p.a.) Monthly Instalment
    1 15 20.61 8.31 S$1,354
    2 15 18.47 8.18 S$727
    3 15 17.73 8.27 S$520
    4 15 17.36 8.4 S$418
    5 15 17.13 8.55 S$357

    A processing fee of S$300 will be applied.

    Personal Loan for Foreigners

    Except for the Debt Consolidation Plan, foreigners can apply to all other types of personal loans offered by OCBC.

    Hotline - Clear Your Queries

    If you have any queries in relation to any of the personal loans, you can call on the following number: 6679 5128 from Mondays to Fridays (9:00 a.m. to 6:00 p.m.)

    How to Apply for OCBC Personal Loan?

    The bank offers multiple application channels. Choose one from the following list as per your preference and comfort:

    • Apply directly at an OCBC branch.
    • Send an SMS to the bank in the prescribed format.
    • Take a printout of the online application form and send it to the bank.
    • Call the bank’s hotline during the business hours.
    • Use your online banking credentials to complete the process.

    [Disclaimer: The aforementioned channels of application may not be available for all OCBC loans.]

    Frequently Asked Questions

    Q. How do I repay my OCBC ExtraCash loan?

    A. You can repay your ExtraCash debts without any hassles by opting for online payment, cash deposit machine, cheque deposit or mobile banking funds transfer.

    Q. What are the repayment options?

    A. You can make repayment online or through mobile banking funds transfer, cash deposit machine and cheque deposit.

    Q. How can I manage my account?

    A. You can easily manage your ExtraCash account by viewing your loan balance through mobile and online banking.

    Q. What is the approved loan amount for people with income over S$30,000 and above?

    A. The approved amount in such cases is S$10,000.

    Q. What is the approved loan amount for people with income between S$20,000 to $29,999?

    A. The approved amount is S$4,500.

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