OCBC EasiCredit

Get standby cash whenever and
wherever you need it

Eligibility

  • 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

What is EasiCredit

EasiCredit is a standby line of credit that gives you the flexibility of choosing how long and how much you would like to repay on your outstanding balance.

Benefits

Easy ways to manage your account
Access your funds via Mobile Banking, Internet Banking, ATM and cheque.

Quick and affordable short term loan
Use your ATM card and withdraw what you need with a prevailing interest rate of 1.67% per month (1.74% per month with effect from 1 January 2019). Interest is accrued on a daily basis. Minimum repayment is only 3% of outstanding amount or S$50 a month, whichever is higher.

A line of credit whenever you need it
Get 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 based on annual income


S$20,000 - S$29,999
S$30,000 - S$119,999
Prevailing interest rate 19.98% p.a. (20.90% p.a. with effect from 1 January 2019)
Minimum repayment1 3% of outstanding amount OR S$50 (whichever is higher)
Maximum credit limit Up to 4x monthly salary
S$120,000 and above

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% p.a.

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.

Ready to get started?


Other ways to apply

  • Call us at 1800 363 3333
  • SMS this line to 72222:
    <EC> space <Name> space <NRIC>

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