Interest Rate
(EIR 11.08% p.a.)
Total Amount Payable
Processing Fee
Key features
Key Features
  • No processing fees at all
  • Choose loan tenure from 3-8 years
  • Complimentary OCBC Platinum credit card with a limit of 1X your monthly income and no annual fee charged
  • Make repayments easily via Online or Mobile Banking funds transfer, cheque deposit or cash deposit machine
  • Total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income
  • If this your first DCP, your loan amount approved/disbursed will be the outstanding bills and interest, plus 5% on top of that. E.g. A first DCP loan of $30k, the loan amount approved/disbursed will be $31.5k
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

21 years old and above

Employment Status

Salaried Employee

Minimum Annual Income


Fees & Charges

Processing Fee


Restructuring Fee


Late Payment Fee


Partial Repayment Penalty


Full Repayment Penalty

5% of outstanding amount

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).