- How can I use my EasiCredit account immediately if I have not received my ATM card yet?
You can log in to your Online Banking account and use PayNow to transfer daily up to SGD 1000 from your EasiCredit account to PayNow registered user of your choice. Instructions on this arrangement is also available in the email that is sent to you upon application approval. - I did not provide my signature when I signed up for an EasiCredit. What should I do if I want to perform transactions that require the verification of signature?
Please proceed to any OCBC branch where you can present to any OCBC staff a copy of your signature together with your original identification documents – NRIC or passport, to update your signature with the bank. - How can I apply for a chequebook?
Successful EasiCredit applications via our website will not automatically come with a cheque book. If you require a cheque book, you can click on the link in the EasiCredit approval email or SMS that was sent to you after your application has been approved. After you have been verified, you may then proceed to select the option “Apply for Cheque Book”, upload your signature and click submit to apply for a cheque book. As this link is only available for 7 calendar days, you may also request for a cheque book via Internet Banking subsequently.
EASICREDIT
Get standby cash wherever and whenever you need it
Current promotion:Receive S$50 cashback for each new approved account! T&Cs apply.
EasiCredit is a standby line of credit that lets you flexibly choose your repayment amount.
Benefits
Quick and affordable short-term loan
Withdraw what you need at a prevailing interest rate of 0.06% per day, accrued on a daily basis. Minimum repayment is only 3% or S$50 per month, whichever is higher.
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 |
| Prevailing interest rate | 29.80% per annum | 22.90% per annum | 22.90% 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 for Cash-On-Instalments taken on EasiCredit, the monthly minimum repayment will be the monthly instalment amount plus the fixed percentage of outstanding amount or S$50, whichever is higher.
Please note that if the minimum payment to your EasiCredit account is not received by OCBC Bank by the payment due date in the current month, the interest rate applicable to your outstanding amount(s) will increase to 28.00%/36.00% per annum in the next statement, depending on your current prevailing interest rate 22.90%/28.00%/29.80% per annum. This interest rate will revert to the prevailing interest rate as soon as your account is no longer past due in the current and last five months.
Promotion
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
What to submit
Terms and conditions
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
FAQs
Common questions
More questions and answersInstant Usage of EasiCredit
Payment due date
Your EasiCredit statement will be generated at the end of the calendar month.
The due date for EasiCredit payment is 28 calendar days after the statement is generated (the “Payment Due Date”). If the Payment Due Date falls on a weekend or public holiday, the actual payment due date will fall on the previous business day.
| Current due date | New due date |
|---|---|
| Payment Due Date falls on a Saturday or a Sunday | Friday before the original Payment Due Date (assuming it is a business day) |
| Payment Due Date falls on a Monday and is a public holiday | Friday before the original Payment Due Date (assuming it is a business day) |
Modes of payment and cut-off times
- FAST Funds transfer from any participating bank’s online banking platform
Almost instant once transaction is completed. Refer to the Association of Banks in Singapore’s website at www.abs.org.sg/fast.php for a list of participating banks. - Cheque payment
Cut-off time of 3.30pm from Monday to Friday for next working day clearing. - AXS machines
Payment via AXS terminals after 5pm or on a Sunday or public holiday will be credited on the next working day. - Cash deposit machines
Cut-off time of 9pm from Monday to Saturday. Deposits on a Sunday or public holiday will be considered Monday’s deposit. - Payment at branches
- Funds transfer
Online fund transfers to other banks generally take 2 - 3 business days to clear whereas it is immediate if the transfers are between OCBC accounts.
Copy of NRIC (front and back)
- Copy of Passport
- Copy of Employment Pass or Work Permit (at least 6 months' validity)
If residential or mailing address differs from that in NRIC: Most recent original/soft copy telephone bill OR utility bill OR bank statement
Most recent original/soft copy telephone bill OR utility bill OR bank statement
If salary is not credited to an OCBC account, submit any of the 2 combinations below:
- Latest CPF statement with full contribution history (at least 3 months) AND Latest Income Tax Notice of Assessment
- Latest computerized/soft copy payslip AND Latest bank statement showing employer’s name for salary crediting
OR Latest CPF statement with full contribution history (at least 3 months)
OR Latest Income Tax Notice of Assessment
Last 12 months’ CPF contribution history statement OR Latest Income Tax Notice of Assessment
Employment history < 3 months
- Original company letter certifying employment start date and salary AND
- Latest computerized/soft copy payslips OR Bank statement showing salary crediting
| Prevailing Interest Rate | Interest Rate if minimum payment is not received by due date |
| 22.90% | 28.00% |
| 28.00% | 36.00% |
| 29.80% (for customers with annual income S$20,000 - S$29,999) | 36.00% |