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)
Eligibility
- Age 21 and above
- Annual income S$20,000 and above
- Singaporeans, Singapore PRs and foreigners
How it works
Maximum amount you can borrow
Repayment options
Fixed monthly repayment helps you plan your finances
You will have equal monthly repayments over the period you choose (1 to 5 years).
Your first payment will be due once you receive the loan.
Loan term & interest rates
You can choose a loan term from 1 to 5 years with regular payments every month.
| Loan amount* | Loan term | ||||
|---|---|---|---|---|---|
| 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 S$100 processing fee.
Fees & charges
| Late payment fee | S$80 |
|---|---|
| One-time processing fee | S$180* |
| Restructuring fee | 3% of outstanding loan amount |
| Early partial / full repayment fee | 3% of repaid loan amount |
*One-time processing fee of S$100 applies if income is less than S$30,000.
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
Sunday banking and longer opening hours
Full Sunday banking service
At 21 of our branches island-wide.
Longer opening hours
Most of our branches are open till 7pm to serve you better.
Receive a free Samsung mobile phone* with loan approval of any amount.
Limited period only. Terms & conditions apply
1. Offer ends 16 April 2012 (the "Promotion Period").
2. The Samsung C170 mobile phone will be given out during the Promotion Period to all new ExtraCash Loan customer whose ExtraCash Loan account is approved within the Promotion Period (the "Successful Customers").
3. One gift per customer and this offer is valid while stocks last.
4. The eligibility of each customer to receive a gift shall be determined at the absolute discretion of OCBC Bank.
5. A redemption letter will be sent to each Successful Customers at his/her mailing address stated in the ExtraCash Loan Application Form within 2 months from the date of approval of the opening of each such customer’s ExtraCash Loan account.
6. The gift is not exchangeable for cash or other items. OCBC Bank reserves the right at is sole and absolute discretion to replace any gift with any item(s) of similar value.
7. OCBC 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.
8. OCBC Bank reserves the right to waive/vary/amend any of these terms and conditions without prior notice. The decision of OCBC Bank on all matters related to this offer shall be final and binding.
2 ways to apply
By mail or fax
of your:
for Singaporeans and
Singapore PRs
employment pass/work permit or student pass and passport for foreigners
- Pay slips from the last 6 months (salaried employees) or;
- CPF contribution history of last 6 months (12 months for self-employed and commission-based earners) or;
- Latest income tax statement (2 years for self-employed and commission-based earners)
At a branch
Same day approval!
(Monday to Friday, before 4.30pm)
Please bring along:
for Singaporeans and
Singapore PRs
employment pass/work permit or student pass and passport for foreigners
- Pay slips from the last 6 months (salaried employees) or;
- CPF contribution history of last 6 months (12 months for self-employed and commission-based earners) or;
- Latest income tax statement (2 years for self-employed and commission-based earners)
Get us to call you
SMS <Online> <Name> <NRIC> to 73377
Example: Online (text space) Joe Lim (text space) A1234567B
Sent text message to 73377
We’ll call you back within 3 working days.
