Interest Rate
(EIR 7.48% p.a.)
Total Amount Payable
2% or $200
Processing Fee
Key features
Key Features
  • Enjoy up to 10 years of loan tenure
  • Interest rates from 6%
  • Complimentary BOC Family Card will be issued with no annual fee during the DCP loan tenure
  • To apply, SMS BOCCARD[space]DCMS[space]NAME[space]NRIC/Passport Number to 79777 or contact our 24-hr Customer Service hotline at 1800 338 5335.
  • *Note that the interest rates and payment amount provided by the bank may vary from what's displayed.
Repayment Summary

Principal Loan Amount


Loan Tenure

3 years

Interest Rate (p.a)


Monthly Instalments


Total Amount Payable


Total Interest Payable



Citizenship Status

Singaporean / PR

Age Requirement

25 years old and above

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income


Fees & Charges

Processing Fee

2% or $200

Late Payment Fee

S$100 or 2% of minimum payment whichever is higher

Full Repayment Penalty

5% of outstanding balances or S$200 whichever is higher

See all debt consolidation plan

MoneySmart lists Debt Consolidation Plan products that range between a minimum of 1 to a maximum of 10 years. The effective interest rate (EIR) of loan products on our site range from 7.70% p.a. to up to 11.08% p.a. The EIR of your loan will be dependent on the loan you apply for as well as your personal financial needs.

For example, you would need to pay S$311/month for a S$10,000 Debt Consolidation Plan with a loan tenure of 3 years at 3.98%pa Interest Rate (7.70% EIR). This would equate to a total payment of S$11,393 over 3 years. Please view each Debt Consolidation Plan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).