Get the Best OCBC Personal Loans with Low Interest Rates in Singapore for 2026!
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Personal Loan Calculator - Note to Borrowers
OCBC Personal Loan Calculator (S$10K Loan Amount)
| Tenure | Effective interest rate (EIR) | Interest Rate (per year) |
|---|---|---|
| Tenure12 Months | Effective interest rate (EIR)13.92% | Interest Rate (per year)5.54% |
| Tenure24 Months | Effective interest rate (EIR)12.11% | Interest Rate (per year)5.42% |
| Tenure36 Months | Effective interest rate (EIR)11.47% | Interest Rate (per year)5.43% |
| Tenure48 Months | Effective interest rate (EIR)11.15% | Interest Rate (per year)5.48% |
| Tenure60 Months | Effective interest rate (EIR)10.96% | Interest Rate (per year)5.54% |
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 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 Hotline
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.