OCBC ExtraCash Loan

Be assured with fixed repayments and
your choice of loan tenure


  • 21 years old and above
  • For Singaporeans / Singapore PR: Annual Income of S$20,000 and above
  • For Foreigner: Annual income of S$45,000 and above

Apply now

Enjoy instant approval and get cash disbursed instantly to your designated bank account when you apply via MyInfo.

Find out more

Enjoy S$20 cash credit for the deposit account that is opened together with your ExtraCash Loan.

  • Promotion valid only (i) for your first OCBC deposit account and (ii) it must be opened online.
  • Limited to the first 1,000 OCBC deposits accounts opened online per month, and valid till 31 July 2019.
T&Cs apply

What is ExtraCash Loan

ExtraCash Loan is an affordable instalment loan with fixed and regular monthly repayments over your choice of loan tenure (from 12 to 60 months).


Borrow up to 6x monthly salary
Get a cash loan of up to 6x your monthly salary.

Convenient repayment options
Make repayments easily via Online or Mobile Banking funds transfer, cheque deposit or cash deposit machine.

Easy ways to manage your account
View your loan balance on-the-go with Online and Mobile Banking.

Interest Rates

For annual income S$30,000 and above
Approved Loan Amount S10,000
Processing Fee S$200 or 2% of the approved loan amount, whichever is higher
Disbursed Loan S$9,800
Loan tenure Interest rate Effective interest rate (EIR)1 Monthly instalment2
12 months 15% p.a. 18.88% p.a. S$903
24 months 15% p.a. 17.07% p.a. S$485
36 months 15% p.a. 16.44% p.a. S$347
48 months 15% p.a. 16.11% p.a. S$278
60 months 15% p.a. 15.92% p.a. S$238

For annual income S$20,000 to $29,999
Approved Loan Amount S4,500
Processing Fee S$100
Disbursed Loan S$4,400
Loan tenure Interest rate Effective interest rate (EIR)1 Monthly instalment2
12 months 22% p.a. 26.39% p.a. S$421
24 months 22% p.a. 24.37% p.a. S$233
36 months 22% p.a. 23.67% p.a. S$172
48 months 22% p.a. 23.31% p.a. S$142
60 months 22% p.a. 23.10% p.a. S$124

1 Effective interest rate is inclusive of a one-time processing fee.
2 Instalment amounts are calculated based on a fixed monthly instalment payment option andare simplified for ilustration purposes.
Interest on loan amount is calculated based on a monthly rest method.

Fees and Charges

Late Fee S$80
Early partial/full repayment fee* 3% of amount to be repaid (S$1,000 minimum repayment)
Restructuring Fee 3% of outstanding loan amount

*1 month interest in lieu will be charged if redemption is done immediately

3 ways to apply

<ECLE> space <Name> space <NRIC>
to 72222
OCBC Bank - Call Us
Call us at 6679 5128
from Mondays to Fridays
(9am to 6 pm)

Important things to note before you apply

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 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.

Supporting Documents