OCBC Cash-on-Instalments

Updated 16 November 2018
5.80%Interest Rate (EIR 12.12% p.a.)
2%Processing Fee
$326Monthly Instalments
Key features
Key Features
  • Get extra cash from your OCBC Credit Card or EasiCredit account by converting your available credit limit into fixed monthly instalments from 12 to 60 months tenure.
  • Interest rates as low as 5.8% p.a. (EIR 11.38% p.a.) for 5 years loan tenor
  • Payment of processing fee may vary based on your choice of personal loan plan. Please confirm this with the bank prior to loan approval.
  • Applicable for loan amount of $1k and above
  • Borrow up to 4x your monthly income when your annual income is below $120k
  • Borrow up to 6x your monthly income when your annual income is above $120k
Covered
Repayment Summary

Principal Loan Amount

$11,800

Loan Tenure

3 years

Interest Rate (per annum)

5.80%

Monthly Instalments

$326

Total Amount Payable

$11,740

Total Interest Payable

$1,740

Approval Duration

3 to 5 working days

Others
Eligibility

Citizenship Status

Singaporean / PR

Age Requirement

21 years old and above

Employment Status

Salaried Employee, Variable/Commission-based Employees or Self Employed

Minimum Annual Income

$20,000

Covered
Fees & Charges

Processing Fee

2%

Restructuring Fee

N/A

Late Payment Fee

$80

Partial Repayment Penalty

$100

Full Repayment Penalty

$100

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 Cash-on-Instalments

OCBC Cash-on-Instalments