OCBC Debt Consolidation Plan

Simplify your finances
with one repayment plan


  • 21 years old and above
  • Singaporeans / Permanent Residents
  • Annual income: between S$30,000 and S$120,000
  • Balance-to-Income (BTI) of at least 12x monthly income
Apply now

What is Debt Consolidation Plan

Make managing your finances simple with Debt Consolidation Plan. Consolidate outstanding balances from all your credit cards and personal loans across multiple financial institutions into one fixed monthly repayment with OCBC Bank.


Loan tenure of 36 to 96 months
Choose your repayment plan from 36 to 96 months.

Fixed repayment amount
Manage your loan repayment with ease through monthly instalments. Make repayments easily via Online or Mobile Banking funds transfer, cheque deposit or cash deposit machine.

Save on interest charges
Your loan amount will be charged at a lower interest rate instead of prevailing interest rate of your credit card and overdraft facilities.

Complimentary credit card for your needs
A credit limit of 1X your monthly income will be given for everyday expenses with no annual fees charged.

How it works

Debt Consolidation Plan is a repayment plan that consists of a loan account to repay your outstanding balances. In addition, you will receive a complimentary credit card to manage your expenses.

Debt Consolidation
Loan Account

Consolidate all your outstanding balances under your Debt Consolidation Loan Account

Loan Tenure Applied
interest rate
interest rate
36 months 4.5% p.a. 8.41% p.a.
48 months 8.36% p.a.
60 months 8.29% p.a.
72 months 8.22% p.a.
84 months 8.14% p.a.
96 months 8.06% p.a.

The Debt Consolidation Loan amount will include an additional 5% on top of your total outstanding balances to cover any additional interest, fees or charges incurred.

The additional 5% only applies to your first approved Debt Consolidation Loan. If you are re-financing from other banks, the loan amount will only be the total outstanding balance from your existing Debt Consolidation Loan.

Debt Consolidation Card

Debt Consolidation

Receive a complimentary Debt Consolidation Card (OCBC Platinum Credit Card) for your needs

  • Credit limit of 1x your monthly income

  • No annual fee

  • Earn 1x OCBC$ for every S$1 spent

Debt Consolidation Card is subjected to prevailing credit card interest rate of 26.88% p.a. and other fees and charges. Compounding applies if charges are not repaid in full.

View more OCBC Platinum Credit Card benefits

Fees and Charges

Debt Consolidation Loan Account
Minimum payment Monthly instalment amount


3% of outstanding late repayment charges or S$50, whichever is higher (if applicable)
Late repayment charges S$200
Termination fee 5% outstanding loan amount
Over the counter
S$25 per transaction
Debt Consolidation Card
interest rate
26.88% p.a.. Subjected to compounding if the monthly charges
are not received by us in full.
monthly payment
3% of the total balance or S$50, whichever is higher, plus any
overdue amount and excess in credit limit.
Late payment
S$100 if the minimum payment is not received by payment due
date for OCBC Credit Cards.
Cash Advance fee S$15 or 8% of amount withdraw, whichever is greater.
Interest on
Cash Advance
28.92% per annum if full payment is not received by OCBC Bank
by payment due date. Minimum charge is S$2.50 per month and
is calculated from the transaction date until the date that full
payment is received by OCBC Bank.

Application Process

3 ways to apply

OCBC Bank - Online
Leave your details and
we will contact you within
3 working days
Contact me
OCBC Bank - Call Us
Call us at 6679 5128
from Mondays to Fridays
(9am to 6pm)
OCBC Bank - Email
Complete the form and
mail it back together with
your supporting documents

Supporting Documents