OCBC Balance Transfer

Convert your unused credit limit to extra cash with flexible repayments

Eligibility

  • 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
  • You must be an existing OCBC Credit Card or OCBC EasiCredit Holder
Apply now

What is Balance Transfer

OCBC Balance Transfer allows you to convert the unused available limit on your OCBC Credit Card or OCBC EasiCredit account to cash and enjoy interest savings. Now you can get extra cash for the things you need without the stress of high interests.

 
Interest rate you are paying
Processing fee
Tenure
Interest amount to pay
Credit card outstanding

Outstanding credit card balance: S$7,000

Interest rate you are paying 25.92%
Processing fee $0
Tenure 12 Months
Interest amount to pay $1,819 per year
Balance transfer amount

Balance Transfer amount:
S$7,000

Interest rate you are paying Interest-free
Processing fee One-time 4.5%
Tenure 12 Months
Interest amount to pay $315 per year interest savings

Benefits

No interest, low processing fee
Enjoy 0% interest with a one-time processing fee for 1 year from as low as 4.5% p.a. (EIR from 5.20% p.a.)

Flexible repayment
Minimal monthly repayment of 3% or S$50 of your total outstanding balance, whichever is higher.

Online Exclusive

Promotion

Get up to S$320 cashback when you apply for a 12-month Balance Transfer Online!

You’ll receive an S$80 cashback for every S$8,000 Balance Transfer that’s approved. Valid till 31 December 2018, capped at S$320 cashback per customer.

Terms and Conditions apply


Apply Online

Not an OCBC Bank customer?

Rates and Tenures

Repayment Period 3 months 6 months 12 months
Interest rate (per year) 0% p.a.
Processing Fee 1.80% 2.50% 4.50%
Effective Interest Rate (EIR) 7.38% p.a. 5.34% p.a. 5.20% p.a.

Ready to get started?


OCBC Cash-on-Instalments - Submit Online

For OCBC Bank customers, apply online to get your loan approved in the fastest and easiest way.


Apply Online
Not an OCBC Bank customer?

Other ways to apply

  • Call us at 1800 363 3333
  • SMS this line to 72222:
    <Online> space <BT> space <Name> space <NRIC>