Fixed Repayment (ExtraCash Loan)


OCBC ExtraCash Loan

You get the assurance of knowing how much you have to pay every month.

Borrow up to 6x your monthly salary

Fixed regular monthly repayments

Same-day approval at a branch (Mondays to Fridays)




Who can apply?

  • 21 years old and above
  • For Singaporean / Singapore PR: Annual Income of S$20,000 and above
  • For Foreigner: Annual income of S$45,000 and above

Why apply now?

  • Get a personal loan from as low as 8.18% p.a (EIR 17.86% p.a).
  • Get cash of up to 6 times your monthly salary
  • Choice of 1 to 5 years loan tenure
How to apply

How it works

Maximum amount you can borrow

Borrow 2x: if you earn more than S$1,667 a month | Fixed Repayment Loan | OCBC Borrow 4x: if you earn more than S$2,500 a month | Fixed Repayment Loan | OCBC Borrow 6x: if you earn more than S$10,000 a month | Fixed Repayment Loan | OCBC
Borrow 2x: if you earn more than S$1,667 a month | Fixed Repayment Loan | OCBC Borrow 4x: if you earn more than S$2,500 a month | Fixed Repayment Loan | OCBC Borrow 6x: if you earn more than S$10,000 a month | Fixed Repayment Loan | OCBC

Fixed repayment to help you plan your finances

  • Make fixed monthly instalment repayments over the choice of your loan tenure (1 to 5 years)
  • Your first instalment is due in the next month after the disbursement of your loan

Interest Rates
(applicable to annual income S$30,000 and above)

Approved Loan Amount S$15,000
Processing Fee S$150 or 1.5% of the approved loan amount, whichever is higher
Disbursed Loan S$14,775
Loan tenure 1 Year 2 Years 3 Years 4 Years 5 Years
Nominal interest
rate5
8.31% p.a. 8.18% p.a. 8.27% p.a. 8.40% p.a. 8.55% p.a.
Effective interest rate
(EIR)6
19.45% p.a. 17.86% p.a. 17.31% p.a. 17.03% p.a. 16.87% p.a.
Monthly instalment7 S$1,354 S$727 S$520 S$418 S$357

5 Nominal interest rate (flat interest rate) is computed based on the approved loan amount. This is equivalent to an applied interest rate of 15% p.a. for annual income of S$30,000 and above.
6 Effective interest rate is inclusive of a one-time processing fee.
7 Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes. Interest on the loan amount is calculated based on a monthly rest method.

Interest Rates
(applicable to annual income S$20,000 - S$29,999)

Approved Loan Amount S$4,500
Processing Fee S$100
Disbursed Loan S$4,400
Loan tenure 1 Year 2 Years 3 Years 4 Years 5 Years
Nominal interest
rate8
12.31% p.a. 12.25% p.a. 12.50% p.a. 12.81% p.a. 13.14% p.a.
Effective interest rate
(EIR)9
29.83% p.a. 27.29% p.a. 26.41% p.a. 25.97% p.a. 25.71% p.a.
Monthly instalment10 S$421 S$233 S$172 S$142 S$124

8 Nominal interest rate (flat interest rate) is equivalent to an applied interest rate of 22% p.a. for annual income of S$20,000 to S$29,999.
9 Effective interest rate is inclusive of a one-time processing fee.
10 Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes. Interest on the loan amount is calculated based on a monthly rest method.


Fees & charges

Annual income S$20,000 – S$29,999 S$30,000 and above
Processing fee S$100 S$150 or 1.5% of the approved loan amount, whichever is higher
Late fee S$80
Early partial/full repayment fee 3% of amount to be repaid (S$1,000 minimum repayment)
Restructuring fee 3% of outstanding loan amount

Terms and conditions


Manage your loan

Online and Mobile Banking

Track your loan

View your loan balance online or on-the-go with free apps for iPad, iPhone and Android phones.

 

Easy repayment

Payment options

  • Online / Mobile funds transfer
  • Cheque deposit
  • Cash deposit machine

 

Experience the new 'Sunday at OCBC'

Open every day at 16 branches from 11am to 7pm

A new banking experience awaits you at our 16 full-service 'Sunday at OCBC' branches.

Learn more about Sunday at OCBC

 

2 ways to apply

Via online



Please note:

  • You will be required to submit your income information via CPF login, so please make sure you have your SingPass username and password ready.
  • Please ensure you have a printer with you as you will need to print and send the completed forms to us.


Due to scheduled maintenance by CPF, the use of CPF services for online application will be temporarily unavailable from
12 midnight to 7 am on 6 March 2016. Please try again later.




At a branch

Find nearest branch to apply
Locate

Get in touch with us

OR

A) Via Phone
Call us directly at 6586 7400 between 9am - 6pm, Monday - Friday.

B) Via SMS
SMS ECLE <Name>
<NRIC> to 72222

Example: ECLE (text space) Joe Lim (text space) A1234567B

We’ll call you back within 3 working days.