Balance Transfer
Tap on your unused credit limit and receive up to $518 cashback!
Current promotion Receive up to $518 cashback when you apply online!
Find out more
Enjoy the flexibility of paying a higher or lower amount each month.
Example: You have an outstanding amount of $7,000 over a 12-month period with Bank X.
Bank X
Your outstanding amount with Bank X
$7,000
Your credit card interest rate
26% per annum
What you need to pay Bank X
$1,820
OCBC Bank
Your outstanding amount with OCBC
$7,000
Your interest rate with Balance Transfer
0%
One-time processing fee
4.5%
What you need to pay OCBC
$315
You saved 81% on interest charges!
Loan amount:
- Interest Rate (per annum)
- Nominal interest rate
- Effective Interest Rate (EIR)
- Effective Interest Rate
| Period (months) | 3 months | 6 months | 12 months | |
| One-time processing fee |
1.80% $18 |
2.50% $25 |
4.50% $45 |
|
| Nominal interest rate | 0% per annum | |||
| Effective Interest Rate (EIR) | 7.38% per annum | 5.34% per annum | 5.20% per annum | |
| Repayment period |
| One-time processing fee |
| Nominal interest rate |
| Effective Interest Rate (EIR) |
Here’s an illustration of what will happen if you were to take out a loan from your existing EasiCredit or credit card account.
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Eligibility requirements
Minimum age
21 years old
Annual income
$20,000 and above for Singaporeans and Singapore PRs
$45,000 and above for foreigners
Product holding
Existing OCBC Credit Card or OCBC EasiCredit account holder
Apply for Balance Transfer today
An EasiCredit account or OCBC Credit Card is required to apply for Balance Transfer.
No access to OCBC Internet Banking
Do not have access to your OCBC Internet Banking account? Contact our 24 hours hotline at +65 6363 3333 to apply.