Updated 21 September 2019
Get the latest OCBC Debt Consolidation Plan interest rates for Singapore on MoneySmart.sg. See how OCBC Debt Consolidation Plan compares against other banks and apply instantly online.
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|Citizenship Status||Singaporean / PR|
|Minimum Annual Income||$30,000|
|Maximum Loan Tenure||8 years|
|Principal Loan Amount||$30,000|
|Interest Rate (p.a)||6%|
|Loan Tenure||3 years|
|Total Interest Payable||$5,400|
|Total Amount Payable||$35,400|
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).