OCBC Cash-on-Instalments | Monthly Instalment Loans Singapore

Cash-on-Instalments

Get fast cash with rates from 1.98% p.a. (EIR 4.19% p.a.)1

Why you will love this

Instant approval2 and cash disbursement when you apply online

Lower interest rate from 1.98% p.a. (EIR from 4.19% p.a.) and a one-time processing fee

Affordable fixed repayments across 1 to 5 years

Who can apply

Singaporean or Singapore PR above 21 years old with an annual income of at least $30,000

Foreigner above 21 years old with an annual income of at least $45,000

Apply or Retrieve Details
 

Earn up to S$1,000 cashback!Find out more

1The interest rate and fee indicated is the lowest published rate and may differ from what is offered to you. The interest rate and fee offered to you will be displayed during your application and is based on your personal credit and income profile, subject to the bank’s discretion.

2We will review your application – and assess whether we can provide instant approval – based on the Terms and Conditions and in our sole discretion.

Best for those who prefer to pay a fixed sum every month.

Loan calculator

Enter the amount you wish to borrow and choose a loan tenor to see the fees and charges that will apply.

The interest rate and processing fee eventually offered to you will depend on your personal credit profile; they may differ from the rates shown here and from rates we offer to other borrowers.

Your preferred loan amount and tenor

I would like to make fixed repayments over 0

1 year

5 years

For a loan that you can repay over a period of less than a year, check out OCBC Balance Transfer.

Total repayment amount

$0

Loan amount

+

$0

One-time processing fee (0% of approved amount)#

+

$0

Interest of 0% p.a.#

=

$0

Total repayment amount* (EIR: 0% p.a.)

*Actual amount may differ from what is shown during your application.

Monthly repayment amounts

Month 1

You have a total repayment amount of $0, to be paid over 0 in fixed monthly instalments.

Month 0

You will need to pay $0^ a month for 0 year.

^This is the indicative amount for the first month.

^This is the indicative amount for the first month.

After your loan tenor ends, the interest rate applicable to any outstanding balance will return to the prevailing rate for your OCBC credit card or EasiCredit account.

Month 1

Month 0

#The interest rate and processing fee offered to you is based on your personal credit profile. Please note that it may differ from the published rate and rate offered to other borrowers.

How it works

Here’s an illustration of what will happen if you were to take out a loan from your existing EasiCredit or credit card account.

1
Your existing Credit Card or EasiCredit account
You hold a Credit Card or EasiCredit account with a total credit limit of $10,000

2
Loan from your existing Credit Card or EasiCredit Account
You take a Cash-on-Instalments of $4,000 for 24 months tenor at 3.80% interest per annum with a one-time 1% processing fee.

3
Remaining available credit limit
After deducting your loan of $4,000, $304 interest charges (3.80% per annum) and the one-time processing fee of $40 (1% of loan amount), you now have $5,656 of available credit.
data visualisation chart
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EXCLUSIVE OFFER

Need extra funds for your big plans? Now’s the perfect time! Earn up to S$1,000 cashback when you have an approved loan amount of at least S$5,000 for loan tenors of 36, 48 and 60 months.

Valid from 1 August to 30 September 2025. T&Cs apply.

promotion

Cash-on-Instalments Promotion

Enjoy processing fee waiver if your approved loan amount is S$5,000 and above, and if your loan tenor is 48 or 60-months.

Additionally, get up to 2.0% cashback if your approved loan amount is S$5,000 or more, (capped at S$2,000).

Find out more

Valid till 31 January 2025.
Terms and conditions apply.

WAYS TO APPLY

Apply for Cash-on-Instalments today

An EasiCredit account or OCBC Credit Card is required to apply for Cash-on-Instalments.

Apply or Retrieve Details

FAQs
Common questions
What monthly instalment am I paying for different repayment periods?

Refer to the table below for monthly instalment breakdown based on the same loan amount, with different loan tenors from 12 to 60 months, applicable interest rate and effective interest rates.

Illustration:
Approved Loan Amount: $10,000
Processing Fee: 1.00%

Repayment Period Interest Rate
(Flat Rate)1		 Monthly Rest Rate2 Effective
Interest Rate3		 Monthly Instalment4
12 months 3.80% 6.94% 8.82% $865.00
24 months 7.13% 8.12% $448.33
36 months 7.14% 7.82% $309.44
48 months 7.11% 7.63% $240.00
60 months 7.06% 7.49% $198.33

1 Interest on loan amount as quoted in the loan application form.

2 Interest on loan amount is calculated on a monthly rest method, excluding processing fee.

3 Effective interest rate is inclusive of a one-time processing fee.

4 Instalment amounts are calculated based on a fixed monthly instalment payment option and are simplified for illustration purposes.

How is the total interest of my loan calculated for the repayment period?

Total interest on Cash-on-Instalments will be calculated on a flat-rate basis and shall be fixed for the entire loan. Please note that this excludes the one-time processing fee.

Total interest to be paid will be computed using the following information:

Illustration:
Approved Loan Amount: $10,000
Interest Rate (Flat Rate) as quoted in the loan application form being 3.8%
Selected Tenor: 12 months

Total Interest for repayment period:
Interest Rate (Flat Rate) x Approved Loan Amount x Selected Tenor / 12 months
3.8% x $10,000 x (12/12) = $380

How are the Monthly and Final Instalment amounts for the Approved Loan Amount computed?
Monthly Instalment: Final Instalment:
Approved Loan Amount + Total Interest
 
 
Selected Loan Tenor
 
Above calculation is rounded to the nearest 2 decimals		 Approved Loan Amount + Total Interest - sum of Monthly Instalments billed (i.e. Monthly Instalment x (Selected Tenor -1))

Please see the next question for illustration of the above.

How much interest and principal am I paying each month?

Monthly interest is computed by using a monthly rest basis applying the monthly rest rate on the outstanding amount of the Approved Loan Amount. The interest collected will be reduced as repayments are made each month.

Illustration:

Approved Loan Amount: $10,000
Interest Rate (Flat Rate) as quoted in the loan application form being 3.8%
Selected Tenor: 24 months
Total Interest (based on Selected Tenor): 3.8% x $10,000 x (24/12) = $760

Month Outstanding unbilled principal ($) Interest ($)1 Principal ($) Monthly Instalment ($)
1 $10,000.00 $59.44 $388.90 $448.342
2 $9,611.10 $57.13 $391.21 $448.34
3 $9,219.89 $54.81 $393.53 $448.34
4 $8,826.36 $52.47 $395.87 $448.34
5 $8,430.49 $50.11 $398.23 $448.34
6 $8,032.26 $47.75 $400.59 $448.34
7 $7,631.67 $45.37 $402.97 $448.34
8 $7,228.70 $42.97 $405.37 $448.34
9 $6,823.33 $40.56 $407.78 $448.34
10 $6,415.55 $38.14 $410.20 $448.34
11 $6,005.35 $35.70 $412.64 $448.34
12 $5,592.71 $33.24 $415.10 $448.34
13 $5,177.61 $30.78 $417.56 $448.34
14 $4,760.05 $28.29 $420.05 $448.34
15 $4,340.00 $25.80 $422.54 $448.34
16 $3,917.46 $23.28 $425.06 $448.34
17 $3,492.40 $20.76 $427.58 $448.34
18 $3,064.82 $18.22 $430.12 $448.34
19 $2,634.70 $15.66 $432.68 $448.34
20 $2,202.02 $13.09 $435.25 $448.34
21 $1,766.77 $10.50 $437.84 $448.34
22 $1,328.93 $7.90 $440.44 $448.34
23 $888.49 $5.28 $443.06 $448.34
24 $445.43 $2.75 $445.43 $448.183
  Total $760.00 $10,000.00 $10,760.00

1 Interest on loan amount is calculated using the Monthly Rest Rate (i.e. calculated on a monthly rest method), excluding processing fee.

2 ($10,000 + $760) / 24 = $448.34

3 $10,000 + $760 – ($448.34 x 24-1) = $448.18

How is the administrative fee charged if I would like to repay in full prior to loan expiration?

An administrative fee of $150 or 3% of unbilled Cash-on-Instalments outstanding principal amount, whichever is higher, or at such rate as OCBC Bank may determine, may be imposed at the discretion of OCBC Bank if the Facility is terminated (whether arising from the termination of your Card Account, EasiCredit Account or otherwise). The administrative fee shall be charged to and debited from the Card Account or EasiCredit Account.

Illustration:

Approved Loan Amount: $10,000
Selected Tenor: 12 months

Month Outstanding unbilled principal ($) 3% of unbilled Cash-on-Instalments Applicable administrative fee1
1 $10,000.00 $300.00 $300.00
2 $9,192.83 $275.79 $275.79
3 $8,381.00 $251.43 $251.43
4 $7,564.47 $226.93 $226.93
5 $6,743.22 $202.30 $202.30
6 $5,917.21 $177.52 $177.52
7 $5,086.44 $152.59 $152.59
8 $4,250.85 $127.53 $150.00
9 $3,410.44 $102.31 $150.00
10 $2,565.16 $76.95 $150.00
11 $1,715.00 $51.45 $150.00
12 $859.91 $25.80 $150.00

1 Higher of $150 or 3% of unbilled Cash-on-Instalments outstanding principal amount.

Processing Fee Waiver

Enjoy processing fee waiver if your approved loan amount is S$5,000 and above, and if your loan tenor is 48 or 60-months.

Processing fee will still be charged upon loan approval but will be credited back to the EasiCredit or Credit Card account used to apply for the Cash-on-Instalments within 3 months from the end of Promotion Period.

Cashback

Additionally, you can get cashback if your loan tenor is 48 or 60-months, with a minimum approved loan amount of S$5,000.

Loan tenor Approved loan amount Cashback
48 or 60-months S$5,000 – S$14,999 1.0%
S$15,000 and above 2.0%
(capped at S$2,000)

With access to OCBC Internet Banking

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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.

Application for EasiCredit account

1
Apply for an EasiCredit account. Terms and conditions apply.

Apply instantly

2
Once your EasiCredit account is approved, return to this page to apply for Cash-on-Instalments.

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