Balance Transfer
Get cash from unused credit limits with flexible repayment terms
Current promotion Receive up to S$400 cashback when you apply for Balance Transfer online!
Get extra cash without extra stress. Convert your unused credit limit into cash, even as you continue to enjoy interest savings.
Example: You have an outstanding amount of S$7,000 over a 12-month period with Bank X
Bank X
Your outstanding amount with Bank X
S$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
S$7,000
Your interest rate with Balance Transfer
0%
One-time processing fee
4.5%
What you need to pay OCBC
S$315
You saved 81% on interest charges!
No interest, low processing fee
Enjoy 0% interest with a one-time processing fee for 1 year from as low as 4.5% per annum (EIR from 5.20% per annum).
Enjoy 0% interest with a one-time processing fee for 1 year from as low as 4.5% per annum (EIR from 5.20% per annum).
Flexible repayment
Minimal monthly repayment of 3% or S$50 of your total outstanding balance, whichever is higher.
Minimal monthly repayment of 3% or S$50 of your total outstanding balance, whichever is higher.
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% S$18 |
2.50% S$25 |
4.50% S$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) |
Eligibility requirements
Minimum age
21 years old
Annual income
S$20,000 and above for Singaporeans and Singapore PRs
S$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.
Do not have an existing EasiCredit account? Apply now!
With access to OCBC Internet Banking
Apply through Internet Banking for a seamless application.
No access to OCBC Internet Banking
Do not have access to your OCBC Internet Banking account? Fill up an online application form.