Car Loan

How to make payment via Direct Debit Account 

Via OCBC Internet Banking

1. Log in to OCBC Internet Banking
2. From the navigation bar, select Payments & Transfers > GIRO Services > Setup GIRO
3. Complete the application form.
• Select ‘OCBC Car Loan’ as the payment recipient
• Under Bill Reference, enter your Car Loan account number which starts with 574 (exclude all symbols, hyphens and spaces)
4. Review the details and submit to complete the application

Via OCBC Digital app

1. Log in to OCBC Digital app
2. Tap on the menu > Select Pay > GIRO services > Setup GIRO payment
3. Select OCBC Car Loan followed by your desired OCBC Account to make payment from
4. Complete the application form. 
• Under Bill Reference, enter your Car Loan account number which starts with 574 (exclude all symbols, hyphens and spaces)
5. Complete the application form
6. Review the details and submit to complete the application

How to make payment via Interbank GIRO

Via mail

1. Download the GIRO application form and print it out.
2. Fill out the form using a pen with blue or red ink (any dark colour except black). This will ensure that your application is processed smoothly.
3. Mail the completed form to the address below.
   Overseas-Chinese Banking Corporation Ltd
   Consumer Loan Admin (TC1)
   18 Church Street #B1-01
   OCBC Centre South Mailroom
   Singapore 049479

The GIRO application may take up to 8 weeks to be processed and then approved by the debiting bank. You will receive a notification letter upon approval. In the meantime, please continue to make payments using the other options listed under our "Repayment Methods". If you do not have a savings account with us, you may want to consider opening one. This would give you the option to set up a Direct Debit Account, which can make your payments easier.

How to make payment via OCBC Digital app or Internet Banking

Via OCBC Internet Banking

1. Log in to OCBC Internet Banking 
2. From the navigation bar, select Payments & Transfers > Pay bills > Single bill payment
3. Select ‘Pay billing organisation’ and add ‘OCBC Car Financing’ as the billing organisation
• Under Bill Reference, enter your Car Loan account number which starts with 574 (exclude all symbols, hyphens and spaces)
4. Enter the payment details
5. Review the details and submit to confirm your payment

Via OCBC Digital app

1. Log in to OCBC Digital app
2. Tap on the menu > Select Pay > Bill payment > Billing organisation
3. Tap on ‘Single bill payment’ and select ‘OCBC Car Financing’ as the billing organisation
• Under Bill Reference, enter your Car Loan account number which starts with 574 (exclude all symbols, hyphens and spaces)
4. Enter the payment details
5. Review the details and submit to complete the application

• Note:

• Bill payment will take about 2 working days to process.
• Payment may be made into another customer's Auto Loan account, as long as he/she has the account number.

How to make payment via ATM

Note: Prior to setting up bill payment via ATM, please note to add ‘OCBC Car Financing’ as the billing organisation first. You may refer to this guide on how to add billing organisation.

For customers with multiple accounts under OCBC

1. Select ‘More Services’ until you find the Bill Payment option
2. Select ‘Other Bill Payment’
3. Select the type of account
4. Select your account number
5. Enter the amount to pay
6. Select the bill code indicated next to OCBC Car Financing

For customers with single account under OCBC

1. Select ‘More Services’ until you find the Bill Payment option
2. Select ‘Other Bill Payment’
3. Enter the amount to pay
4. Select the bill code indicated next to OCBC Car Financing

How to make payment via quick cheque deposit

1. Pay to OCBC Bank and indicate the amount you are paying
2. Indicate your car loan account number at the back of the cheque
3. There are 2 ways to deposit:
   • OCBC Quick Cheque Deposit Box (available at all our branches)
   • OCBC Quick Cheque Deposit Machine (available at selected branches)

How to make payment at OCBC branches

1. Approach any OCBC Branch near you to make payments over the counter
2. Do take note of the operating hours for each branch
3. Do take note that the cut off time for same day payment is on Monday to Fridays before 4.30pm

Note: Branches do not accept Credit Card or NETS Payment

Incur less losses

Even though the scrap strategy also exists for a new car, you may incur significant losses from depreciation on its market value if you decide to scrap the car, especially if COE prices drop a lot.