Get the Best OCBC Personal Loan Interest Rates for 2019 Now!

Updated 14 November 2019

Get the latest OCBC Personal Loan interest rates for Singapore on See how OCBC Personal Loan compares against other banks and apply instantly online.

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Loan Details

OCBC Cash-on-Instalments (Existing loan customers)

OCBC Cash-on-Instalments (Existing loan customers)


Interest Rate
(EIR 9.46% p.a.)


Total Amount Payable


Processing Fee


Per Month

  • Min. loan repayment of 1 year to Max. of 5 years
Key Features
  • Get extra cash by converting your unused credit limit from your OCBC Credit Card or EasiCredit account
  • Fixed monthly instalments of 12 to 60 months tenure
  • Existing OCBC loan customer will enjoy 4.7% p.a. interest rate on any loan amount
  • One-time processing fee of 1% on loan amount
Loan Details
Citizenship StatusSingaporean / PR
Minimum Annual Income$20,000
Maximum Loan Tenure5 years
Processing Fee1%
Repayment Summary
Principal Loan Amount$10,000
Interest Rate (p.a)4.70%
Loan Tenure3 years
Total Interest Payable$1,410
Total Amount Payable$11,510
Monthly Instalments$317

Instant approval & instant disbursement + S$20 Cash Credit

OCBC ExtraCash Loan

OCBC ExtraCash Loan


Interest Rate
(EIR 11.47% p.a.)


Total Amount Payable

S$200 or 2%, whichever is higher

Processing Fee


Per Month

MoneySmart Exclusive: Get S$20 Cash Credit Valid till 31 Dec 2019.
Key Features
  • Loan tenure from 12 to 60 months
  • Borrow up to 6x monthly salary for annual income S$120,000 and above, 4x monthly salary for annual income S$30,000-S$119,999 and 2x monthly salary for annual income S$20,000-S$29,000
  • Make repayments easily via online or Mobile Banking funds transfer, cheque deposit or cash deposit machine
  • Easy ways to manage your account with Online and Mobile banking
Loan Details
Citizenship StatusSingaporean / PR
Minimum Annual Income$30,000
Maximum Loan Tenure5 years
Processing FeeS$200 or 2%, whichever is higher
Repayment Summary
Principal Loan Amount$10,000
Interest Rate (p.a)5.43%
Loan Tenure3 years
Total Interest Payable$1,629
Total Amount Payable$11,829
Monthly Instalments$323

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 Personal Loan Calculator (S$10K Loan Amount)

TenureEffective interest rate (EIR)Interest Rate (per year)
12 Months11.47%0.00%
24 Months9.15%0.00%
36 Months12.12%5.80%
48 Months11.70%5.80%
60 Months11.38%5.80%

OCBC Personal Loan Interest Rates & Fees

Before you sign up for an OCBC personal loan, here are some important things to know about the interest rates and fees:

Interest Rate

OCBC personal loan interest rates depend on your annual income. Those with annual incomes of $30,000 or more enjoy lower interest rates, while there are higher interest rates for those who earn from $20,000 to $29,999 annually. The actual interest rate and EIR depend on your loan tenure as well.

Processing Fees

If you have an annual income of $30,000 and above, the processing fee is either 2% of the loan amount or $200, whichever is higher. For those whose incomes fall below the $30,000 mark, the processing fee is usually a flat $100. However, you should check with the bank representative to confirm your processing fee before the loan is approved.

Penalties & Charges

If you don’t pay your monthly instalments on time, there’s a late payment fee of $80. For early repayment of the loan, you need to pay a fee of 3% of the repayment amount or $1,000, whichever is higher. You also have the option of restructuring the loan (say, changing the loan tenure) for 3% of the outstanding loan amount.

OCBC Personal Loan Interest Rates & Fees

ParticularsSingapore / PRForeigner
Interest Rate4.70%4.70%
Effective Interest Rate (E.I.R)From 9.06% to 10.45%From 9.06% to 10.45%
Processing FeeOne time fee of 1% One time fee of 1%
Minimum Annual Income$20,000$45,000
Loan Tenure1 - 5 YearsMax 5 Years
Approval duration3-5 biz days3-5 biz days
Late payment charge$80$80
Early settlement penalty$100$100

OCBC Personal Loan Eligibility Criteria

The OCBC Cash-on-Instalments is open to Singaporeans, Permanent Residents and foreigners who are 21 years old and above. For Singaporeans and PRs, the minimum annual income to apply is $20,000. For foreigners, the minimum annual income is a rather steep $45,000. Under the OCBC ExtraCash loan, you can borrow up to 6 times your monthly income.

As mentioned in the earlier section, note that the interest rates and processing fees vary depending on your actual annual income. For Singaporeans and PRs, the minimum is $30,000 in order for you to get better rates.

OCBC Personal Loan Promotion

OCBC is currently running an OCBC Personal Loan promotion where new loan customers get an attractive rate of 3.5% p.a. (EIR 7.27% p.a.). The usual 2% processing fee is also halved to 1%. Existing loan customers who apply through MoneySmart can also enjoy a lower interest rate at 4.77% p.a. (EIR 9.46% p.a.) and 1% processing fee. These promotions are running until 31 Dec 2019.

Regardless of how attractive the promotions on offer are, only get a personal loan if you need to consolidate debts or manage a one-time cash flow situation.

OCBC Personal Loan Hotline

To find out more about OCBC Personal Loans, you can call OCBC Bank’s contact number at 1800 363 3333 or if you’re calling from overseas, (65) 6363 3333.

Frequently Asked Questions

How to apply for a personal loan with OCBC?

You can apply for an OCBC personal loan through their website or comparison portals like MoneySmart. Simply scroll up this page and use the widget above to compare rates before you decide. Once you’ve decided to go with OCBC Cash-on-Instalments personal loan, you will be redirected to apply via OCBC iBanking portal or given instructions if you’re not yet an OCBC account holder.

Can a foreigner apply for an OCBC personal loan in Singapore?

Foreigners can apply for an OCBC personal loan, as long as the individual is above 21 years old, earning at least $45,000 a year, and an OCBC credit card or EasiCredit account holder.

How can I pay my OCBC loan?

Making payments for OCBC personal loans is easy. You simply log into your OCBC ibanking portal and make your repayments accordingly.

How do I check OCBC personal loan application status?

To check your OCBC personal loan application status, you simply need to log into OCBC’s ibanking platform. If the application is approved, you will see the funds disbursed to your bank account (processing fee will be deducted from the loan amount).

What is the maximum OCBC personal loan amount?

The OCBC personal loan amount should not exceed 90% of the available credit limit on your OCBC EasiCredit account or credit card. The minimum loan amount is $1,000.