Help And Support

Loans - EasiCredit

Frequently asked questions
  • Modes of payment and cut-off times

    1. Cheque payment
      Cut-off time of 3.30pm from Monday to Friday for next working day clearing.
    2. AXS machines
      Payment via AXS terminals after 5pm or on a Sunday or public holiday will be credited on the next working day.
    3. Cash deposit machines
      Cut-off time of 9pm from Monday to Saturday. Deposits on a Sunday or public holiday will be considered Monday’s deposit.
    4. Payment at branches
    5. Funds transfer
      Online fund transfers to other banks generally take 2 - 3 business days to clear whereas it is immediate if the transfers are between OCBC accounts.
  • Handling of excess credit balance

    Please arrange a refund with us if any of your Credit Card/EasiCredit accounts exceeds $50,000.

    Please check if the credit balance in any of your Credit Card/EasiCredit accounts exceeds $50,000*.

    If so, please contact us to arrange for a refund of your excess credit balance, which can be performed either via funds transfer to a current/savings account, or via a Cashier’s Order.

    Alternatively, you may use your entire excess credit balance balance.

    This is so that the credit balance in your each of your accounts do not exceed $50,000* for more than 30 consecutive days.

    Why refund the excess credit balance if any of my Credit Card/EasiCredit account(s) exceed(s) $50,000*?

    We have recently revised our relevant Credit Cardmembers Agreements and the Terms and Conditions Governing Personal Line of Credit (collectively, the Relevant Terms) on 1 January 2017.

    Therefore, we have the discretion to refund any amount of credit balance in your credit card/EasiCredit account(s)via such mode as set out in the Relevant Terms.

    We thank you for your understanding, and apologise for any inconvenience caused.  

    * This amount may change in future

    Nothing stated above shall prejudice OCBC’s rights under the relevant terms and conditions and/or agreements governing the credit card/Easicredit accounts.

  • Payment due date

    The due date for EasiCredit payment is on the 28th day of every month. If the 28th falls on a weekend or public holiday, the due date will then be 1 business day before the 28th.

    Current due date New due date
    28th falls on a Saturday 27th of the month
    (assuming it is a business day)
    28th falls on a Sunday 26th of the month
    (assuming it is a business day)
    28th falls on a Monday and is a public holiday 25th of the month
    (assuming it is a business day)
  • Applying for an EasiCredit Online

    1. Why should I use MyInfo to complete my application?

      MyInfo contains Singapore government verified information on you, which you can allow banks to use in support of your application. By using MyInfo, majority of the fields in the application form will be auto-populated with this information, thereby shortening the entire application process including providing you with an almost immediate application outcome.

    2. If I use MyInfo to make my application, is it possible to edit fields pre-filled by MyInfo? If so, what are the editable fields?

      As MyInfo contains Singapore government verified information, only some fields within MyInfo are editable, such as mobile number, email address, name of employer (if you are a Singaporean or PR) and education level. If you wish to update any of the details reflected in the non-editable fields, you can approach the relevant agencies, as indicated in MyInfo, to update.

      If you happen to be using a different mailing address from your address on MyInfo, please fill in the other form instead.

    3. I am currently receiving the bank's one-time passwords through a mobile number that is different from the one I used in my application. Will this change with my application?

      No, your one-time passwords will continue to be sent to the original mobile number.

    4. I completed my application at a roadshow. Is this different from applying through the bank's website?

      Your application is not processed when you click submit at a roadshow. After an hour from the point that you have submitted it digitally, you will be sent an SMS and email, with a link for you to click to trigger for instant processing

    5. What are the system downtimes and how will I be impacted by it?

      Daily from 9.30pm to 6am, as well as on Sundays and Public Holidays (specifically for ExtraCash Loans), you may receive an approved status confirmation but not receive the SMS and email notifications that carry the link to the details of the newly applied product, nor will you be able to see the newly approved product in Internet Banking.

      Also, daily from 12am to 8am, due to the maintenance of Credit Bureau system, your unsecured credit card or loan/line application will not be able to get an instantaneous outcome.

    6. How would I be contacted should my application require pending documents or has been rejected?

      You will receive a physical letter informing you of the documents you require for your application, should your application require further documents. You will receive an email and physical letter if your application has been rejected.

  • Instant Usage of EasiCredit

    1. How can I use my EasiCredit account immediately if I have not received my ATM card yet?

      You can log in to your Online Banking account and use PayNow to transfer daily up to SGD 1000 from your EasiCredit account to PayNow registered user of your choice. Instructions on this arrangement is also available in the email that is sent to you upon application approval.

    2. I did not provide my signature when I signed up for an EasiCredit. What should I do if I want to perform transactions that require the verification of signature?

      Please proceed to any OCBC branch where you can present to any OCBC staff a a copy of your signature together with your original identification documents – NRIC or passport, to update your signature with the bank.

    3. How can I apply for a chequebook?

      Successful EasiCredit applications via our website will not automatically come with a cheque book.

      If you require a cheque book, you can click on the link in the EasiCredit approval email or SMS that was sent to you after your application has been approved.

      After you have been verified, you may then proceed to select the option “Apply for Cheque Book”, upload your signature and click submit to apply for a cheque book. As this link is only available for 7 calendar days, you may also request for a cheque book via Internet Banking subsequently.

  • EasiCredit Fees & Charges

    You may view the summary of fees and charges for EasiCredit here.