OCBC Balance Transfer

Get fuss-free cash
whenever you need it

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
Apply now

What is Balance Transfer

OCBC Balance Transfer allows you to convert the available limit on your credit card or 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.

Current Promotion

Promotion

Get up to S$300 CapitaVouchers when you apply for a 12-month Balance Transfer via Online Form or Online Banking!
From now till 31 October 2017, successful applicants will enjoy:

  • S$50 CapitaVouchers for approved loan amount between S$7,000 to S$9,999
  • S$100 CapitaVouchers for approved loan amount between S$10,000 to S$19,999
  • S$200 CapitaVouchers for approved loan amount between S$20,000 to S$29,999
  • S$300 CapitaVouchers for approved loan amount of S$30,000 or more
Apply now Apply now

Terms and Conditions apply

Benefits

No interest, low processing fee
Enjoy 0% interest with a one-time processing fee from as low as 1.80% (EIR 7.22% p.a.)

Flexible repayment
Low minimum monthly repayment of 3% or S$50 of total outstanding balance, whichever is greater.

Rates and Tenures

  3 months 6 months 12 months
Applied Interest Rate 0% p.a.
Processing Fee 1.80% 2.50% 4.50%
Effective Interest Rate (EIR) 7.22% p.a. 5.19% p.a. 4.99% p.a.

Save on interest charges from other banks with OCBC Balance Transfer

Let's say you have an outstanding amount of $7,000 over a 12-month period with Bank X

Current Situation

OCBC Balance Transfer
Your outstanding amount with Bank X : $7,000
Interest rate you are paying (credit cards) : 24% per year
Interest amount to pay Bank X : $1680 per year

After Balance Transfer

Your outstanding amount with OCBC : $7,000
Interest rate you are paying (Balance Transfer) : Interest-free
One-time processing fee : 4.5%
Total amount to pay OCBC : $315

OCBC Balance Transfer Savings

OCBC Balance Transfer Mobile