EASICREDIT

Get standby cash wherever and whenever you need it

Why you will love this

Conveniently access cash via Mobile Banking, Internet Banking, ATM and cheque

Flexible repayment — pay what you can, when you can

Instant approval and disbursement when you apply via MyInfo

Who can apply

Singaporean or Singapore PR above 21 years old with an annual income of at least S$20,000

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

EasiCredit is a standby line of credit that gives you the flexibility to choose the repayment amount and tenure of your outstanding balance.

Benefits
icon-quick
icon-quick

Quick and affordable short-term loan

Withdraw what you need at a prevailing interest rate of 1.74% per month, accrued on a daily basis. Minimum repayment is only 3% or S$50 per month, whichever is higher.

draw
draw

Draw at lower interest rates

Enjoy lower interest rates when you draw down on your unused EasiCredit limit using Cash-on-Instalments or Balance Transfer (EIR from 5.20% per annum).

Interest Rates
  • Maximum Loan
  • S$30,000 - S$119,999
  • S$120,000 and above
For annual income S$20,000 – S$29,999 S$30,000 – S$119,999 S$120,000 and above
Maximum Loan Up to 2x your monthly income Up to 4x your monthly income Up to 6x your monthly income
One-time
processing fee
29.80% per annum 20.90% per annum 20.90% per annum
Minimum repayment1 5% of outstanding amount OR S$50, whichever is higher 3% of outstanding amount OR S$50, whichever is higher 3% of outstanding amount OR S$50, whichever is higher
For annual income
Maximum Loan
Prevailing interest rate
Minimum repayment1

1The monthly minimum repayment amount shall include any amounts above your approved credit limit and any overdue payments in respect of the Account. The monthly minimum repayment amount is not applicable to Cash-on-Instalments.

Please note that if the minimum payment to your Easicredit account is not received by OCBC bank by the payment due date, the prevailing interest rate applicable to your outstanding amount(s) may increase to up to 36% per annum.

promotions

Apply for EasiCredit and get S$60 cashback!

Apply for EasiCredit and get S$60 cashback!

Apply for EasiCredit via MyInfo by 31 December 2020 and get S$60 cashback!

Terms and conditions apply.

Receive up to S$320 cashback

Receive up to S$320 cashback

Enjoy a special promotional Balance Transfer rate of 0% interest (EIR 2.53% p.a.) at 1.18% Processing Fee and receive up to S$320 cashback when you apply for Balance transfer within 2 months of opening your new EasiCredit account. Link will be sent via SMS.

Promotion valid till 30 April 2020.
Terms and conditions apply.

Annual fee waiver promotion

Enjoy annual fee waiver for your EasiCredit account up till the age of 29!

Terms and conditions apply.

Before you apply

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

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass (EP) or Work Permit or Student Pass) for foreigners

Additional document

Include any one of the following documents that shows your residential address

  • Latest computerised/electronic payslip (salaried employees)
  • Half-yearly CPF statement (12 months for self-employed and commission-based earners)
  • Latest income tax statement (2 years for self-employed and commission-based earners)


Fees

Fees and charges



Important notices

Credit Bureau Singapore
Please note that additional time may be needed to review your application as Credit Bureau Singapore will be synchronising data from 12am to 8am daily.

MyInfo
MyInfo will be temporarily unavailable from 2am to 8.30am every Wednesday and Sunday due to scheduled maintenance.

System Maintenance
Please note that your product may not be availed to you instantly during system maintenance hours between 9.30pm to 6am.

Online Application
  • You will be required to submit your income information via CPF login, so please make sure you have your SingPass username and password ready.
  • Please ensure you have a printer with you as you will need to print and send the completed forms to us.

Ready to apply?

Apply for EasiCredit today

 

Receive up to S$380 cashbackupon approval of EasiCredit and Balance Transfer.
Find out more