OCBC Debt Consolidation Plan

Updated 17 February 2019
6%Interest Rate (EIR 11.08% p.a.)
NilProcessing Fee
$328Monthly Instalments
Key features
Key Features
  • Enjoy interest savings as you consolidate all your outstanding balances with fixed monthly payments.
  • Make repayments easily via Online or Mobile Banking funds transfer, cheque deposit or cash deposit machine.
  • No processing fees at all, which lowers your overall repayment sum.
  • Flexibility to choose loan tenure up 8 years, which lowers your monthly instalment.
  • Total interest-bearing outstanding balances on credit cards and personal loans must be at least 12X your monthly income.
  • Complimentary OCBC Platinum credit card with a limit of 1X your monthly income and no annual fee charged.
  • 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 (per annum)


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

MoneySmart lists personal loan products that range between a minimum of 1 to a maximum of 7 years. The effective interest rate (EIR) of loan products on our site range from 8.5% p.a. to up to 20.0% 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$316/month for a S$10,000 personal loan with a loan tenure of 3 years. This would equate to a total payment of S$11,376 over 3 years. Please view each personal loan product in detail for a full breakdown of the interest rate chargeable, minimum and maximum loan tenure as well as processing fees (if applicable).

OCBC Debt Consolidation Plan

OCBC Debt Consolidation Plan