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Secure a personal loan in Singapore with OCBC's low interest rates and flexible repayment options. Choose from a range of affordable loan solutions.
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Get straight to your OCBC Credit Card or Personal Loan when...
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Personal Loan Details. Balance Transfer: Flexible repayment...
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Get straight to your OCBC Credit Card or Personal Loan when you apply with Myinfo.
Get fast cash with rates from 2.88%. 1. (EIR from 5.84% p.a.) Why you will love this. Instant approval2 and cash disbursement when you apply online. Lower interest rate from 2.88% p.a. (EIR from 5.84% p.a.) and a one-time processing fee. Affordable fixed repayments across 1 to 5 years.
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Get the Best OCBC Personal Loans with Low Interest Rates in Singapore for 2024! Compare personal loan & get best loan interest rates in Singapore. Read More
- OCBC Personal Loan Eligibility
- OCBC Personal Loan Interest Rate
- Does OCBC Offer A Credit Line?
- Other OCBC Personal Loan Options
- OCBC Personal Loan Promotions
- How to Use The OCBC Personal Loan Calculator
- OCBC Debt Consolidation Plan
- How Long Does Approval Take For OCBC Personal Loans?
- A Word of Warning About Personal Loans
To apply for an OCBC personal loan, you need to be at least 21 years of age. You need to earn at least $20,000 in annual income if you are Singaporean/PR or $45,000 if you are a foreigner.
OCBC offers several different ways to borrow money. Their standard personal loan is called OCBC ExtraCash Loan, which offers you a loan size of 2 to 6 times your monthly income. Wah, 6 times leh! Take note, you can only take a 6x loan if your annual income is above $120,000 – earn so much still take loan for what, right? OCBC ExtraCash personal loa...
Yes, it’s called the OCBC Cash-on-Instalments. If you really need cash, it’s better to get it through Cash-on-Instalment than to just pay directly with your credit card as the interest rate is lower. You can borrow money for 1 to 5 years at a 3.5% p.a. interest rate, and pay a $100 processing fee. The effective interest rate (EIR)works out to about...
We’ve covered OCBC Cash-on-Instalments (the best OCBC personal loan option, though not the best on the market) and OCBC ExtraCash Loan (the more expensive of the 2), but there are 2 more OCBC products that promise “easy cash”. The first is a standby line of credit called OCBC EasiCredit. This is like a credit card, except for cash (if that makes se...
Until 30 June 2022, you can receive 1.2% cashback and $100 cashback when you make an online application for an OCBC Cash-on-Instalments credit line for new customers taking $10,000 loan or more. We hope you’re sensible enough to NOT overborrow just so you can get a higher cashback amount. That would be silly, considering you’ll still end up paying ...
Scroll down the OCBC page on Cash-on-Instalment (fixed repayment) and you’ll find the OCBC personal loan calculatorfor their Cash-on-Instalment loan. Enter how much you want to borrow and the amount of time over which you wish to repay it, and the calculator will display your monthly instalments, processing fee, interest rate and EIR.
If you’ve got existing high interest debt like an unpaid credit card balance, OCBC’s Debt Consolidation Plan is another option. Transfer your existing debt to OCBC and you’ll pay a relatively low interest rate compared to credit card interest (though it’s typically higher than that of a personal loan). Why opt for this instead of the Cash-on-Instal...
In order to apply for an OCBC Cash-on-Instalment loan, you need to be an existing OCBC online banking account users. If you’re not, you will need to go through the entire process of setting up an OCBC internet banking account. Later, approval will be instant and the money will be transferred to a bank account chosen by you. To apply for OCBC ExtraC...
There are so many loans on offer, lucky you… right? Not really! While the OCBC Cash-on-Instalment personal loan certainly charges lower interest rates than a credit card would, it’s still a form of high interest debt. That means personal loans should only be used as a last resort to prevent yourself from having to fall into credit card debt or cons...
- Joanne Poh
Personal Loan Details. Balance Transfer: Flexible repayment with min 3% or S$50 of total outstanding balance, whichever is greater. Cash-on-Instalments: Fixed monthly instalments of 12 to 60 months tenure.
Apr 7, 2022 · OCBC ExtraCash personal loan’s current interest rates range from 5.42% to 5.54% (EIR of 10.96% to 13.92%). It’s significantly higher when you compare it to the current rates that other...
