Ocbc Personal Loan

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OCBC Extra Cash Loan
Flexible repayment (Easy Credit)
OCBC Extra Cash Loan is suitable for people would like to have additional cash from time to time. The repayment is flexible in that you can take as short or long as a time to repay. Enjoy borrowing up to 6 times your monthly salary and be assured it only takes a couple of minutes of approval at any branch.
Usage amount is subject to prevailing interest rate of 19.98% p.a. (or such other interest rate applicable to you). If monthly interest charges are not paid in full, effective interest rate is subject to compounding.
Eligibility
  • Age 21 and above
  • For Singaporean / Singapore PR: Annual Income of S$20,000 and above
  • For Foreigner: Annual income of S$45,000 and above
  • The effective interest rate is 29.8% a year if your income is S$20,000 to S$29,000, with monthly repayment at 5% of outstanding amount or S$50 whichever is higher and 19.98% if your income is S$30,000 and above with monthly repayment at 3% of your outstanding amount or S$50 whichever is higher.
    It is a fixed repayment and is an installment loan which caters to people who have a single time borrowing need.
    Fixed repayment
    • As low as 8.18% p.a (EIR 18.47%p.a).
    • Get cash of up to 6 times your monthly salary
    • Choice of 1 to 5 years loan tenure
    • 21 years old and above
    • For Singaporean / Singapore PR: Annual Income of S$20,000 and above
    • For Foreigner: Annual income of S$45,000 and above
    • OCBC Extra Cash loan is a fixed repayment personal loan from OCBC bank. This personal loan interest rates would depends very much on borrowers income. This loan enables borrower to obtain up to 6 times the borrower’s salary with a repayment from 1 to 5 years and enjoy same day approval at any branch.

      At the time of writing, OCBC opens from 11am to 7pm daily including Sunday. However, OCBC Extra Cash requires only 1 day approval if you apply during weekdays.

      Fees and Charges

      There is an annual fee of S$80 waived for the first year if annual income is S$30,000 and above and minimum interest charge of S$5. Late penalty will be charged S$85 to S$125 if annual income is S$30,000 and above and S$80 is annual income is less than S$30,000.