Fixed Repayment (ExtraCash Loan)

A one time loan with fixed monthly repayments

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)


  • Age 21 and above
  • Singaporeans (Annual income more than S$20,000)
  • Singapore PRs and Foreigners (Annual income more than S$30,000)
How to apply

Exclusive online promotion

OCBC Education Planner

Get rewarded for every approved loan


Receive $10 FairPrice Vouchers for every $1000 approved loan amount when you apply for ExtraCash Loan online!


Terms and Conditions apply.

  1. Offer valid till 28 February 2015 (the “Promotion Period”).
  2. For every $1,000 approved loan amount with ExtraCash Loan, you will receive a free $10 FairPrice voucher during the Promotion Period.
  3. This offer is only valid for customers who applied for ExtraCash Loan via the online application form, whose ExtraCash Loan is approved within the Promotion Period.
  4. The eligibility of each customer to receive a gift shall be determined at the absolute discretion of OCBC Bank. A redemption letter or SMS notification will be sent to each successful customer within 2 months from the date of approval of the ExtraCash Loan.
  5. The gift is not exchangeable for cash or other items. OCBC Bank reserves the right at its sole and absolute discretion to replace any gift with any item(s) of similar value.
  6. OCBC Bank shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of any gift. Notwithstanding anything herein, OCBC Bank shall not at any time be responsible or held liable for any defect or malfunction in any gift, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any gift by any person.
  7. OCBC Bank reserves the right to terminate the promotion or waive/vary/amend any of these terms and conditions without notice. The decision of OCBC Bank on all matters relating to this offer shall be final and binding.

How it works

Maximum amount you can borrow

Borrow 2x: if you earn more than S$1,667 a month | Fixed Repayment Loan | OCBCBorrow 4x: if you earn more than S$2,500 a month | Fixed Repayment Loan | OCBCBorrow 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 tenor (1 to 5 years)
  • Your first instalment is due in the next month after the disbursement of your loan

Loan tenor & interest rates

You can choose a loan term from 1 to 5 years with regular payments every month.

Loan amount* Loan tenor
  1 year 2 years 3 years 4 years 5 years
S$4,500 S$406 S$218 S$156 S$125 S$107
S$10,000 S$903 S$485 S$347 S$278 S$238

*Instalment amounts are calculated based on a regular instalment payment option with 15% applied interest yearly. Figures simplified for illustration purposes and includes processing fee of S$150 or 1.5% of the approved loan amount, whichever is higher, for the category of Annual Income of S$30,000 and above.

Note: For a loan of S$10,000, the Effective Interest Rate (which comprises the applied interest rate and processing fee) will be 19.45% p.a. (for one year), 17.86% p.a. (for two years), 17.31% p.a. (for three years), 17.03% p.a. (for four years), 16.87% p.a. (for five years), 16.75% p.a. (for six years) and 16.67% p.a. (for seven years).

Calculate your instalments

Find out how much you’ll need to pay each month for your desired loan amount.


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.


At a branch

Same day approval!
(Monday to Friday, before 4.30pm)

Please bring along:

for Singaporeans and
Singapore PRs

Passport and other documents

Foreigners need to bring:

  • Passport, and
  • Employment pass/Work permit, and
  • Dependent pass/ Student pass/ Long term visit pass


Income documents

For Salaried employees:

  • Latest computerised/ electronic payslip and Latest Income Tax Notice of Assessment, OR
  • Last 12 month's CPF contribution history statement

For Self-employed, commissioned or variable income earners:

  • Last 12 month's CPF contribution history, OR
  • Latest Income Tax Notice of Assessment

For Foreigners:

  • Latest computerised/ electronic payslip and Latest Income Tax Notice of Assessment, OR
  • Full set of original company letter certifying employment and salary

Find nearest branch to apply

Get in touch with us


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

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

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

We’ll call you back within 3 working days.