Get the Best OCBC Personal Loans with Low Interest Rates in Singapore for 2024!

Compare personal loan & get best loan interest rates in Singapore. Read More
10,000 personal loan Paid over 1 year
We found 2 OCBC Personal Loans for you!
OCBC ExtraCash Loan

Per Month


Per Month
Interest Rate*
EIR: 13.92%
Total Amount Payable
Processing Fee
Per Month
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OCBC FRANK Education Loan

Per Month


Per Month
Interest Rate
From 4.5%
Total Amount Payable
Processing Fee
Per Month
Read More

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Personal Loan Calculator - Note to Borrowers

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 6.5% 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 an example of a loan with 8.5% EIR, you would need to pay S$316/month for an 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 Months13.92%5.54%
24 Months12.11%5.42%
36 Months11.47%5.43%
48 Months11.15%5.48%
60 Months10.96%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

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.