OCBC Balance Transfer Reviews and Comparison - Seedly
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OCBC Balance Transfer

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Personal Loans/OCBC Balance Transfer
Personal Loans/OCBC Balance Transfer
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Plans (3)

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  • OCBC Balance Transfer (3 Month Tenure)

    7.38%

    EFFECTIVE INTEREST RATE

    0%

    FLAT INTEREST RATE

    1.8% of principal amount, subjected to min. of S$9

    PROCESSING FEE

  • OCBC Balance Transfer (6 Month Tenure)

    5.34%

    EFFECTIVE INTEREST RATE

    0%

    FLAT INTEREST RATE

    2.5% of principal amount, subjected to min. of S$12.50

    PROCESSING FEE

  • OCBC Balance Transfer (12 Month Tenure)

    5.20%

    EFFECTIVE INTEREST RATE

    0%

    FLAT INTEREST RATE

    4.5% of principal amount, subjected to a min. of S$22.50

    PROCESSING FEE

OCBC Balance Transfer (3 Month Tenure)

7.38%

EFFECTIVE INTEREST RATE

0%

FLAT INTEREST RATE

1.8% of principal amount, subjected to min. of S$9

PROCESSING FEE

Details

About OCBC Balance Transfer

  • No applied interest rate (0%) for up to 1 year
  • Pay a one-time processing fee of up to 4.50%
  • Minimum loan amount S$500
  • Effective Interest Rate (EIR) from 5.20%-7.38%
  • Minimum monthly repayment of 3% of your total outstanding balance (or S$50, whichever is higher.)
  • Not the best nor the worst balance transfer offered

Balance Transfer (or funds transfer) is a type of personal loan. It allows for the outstanding amount in one account to be transferred to another account with a lower interest rate.

Read More about OCBC Balance Transfer
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Interest Rates for OCBC Balance Transfer

Repayment period

3 months

6 months

12 months

min. monthly repayment

S$50

S$50

S$50

Interest rate (per year)

0 %

0 %

0 %

Processing Fee

1.80%

2.50%

4.50%

Effective Interest Rate (EIR) p.a.

7.38%

5.34%

5.20%

Features: Pros & cons of OCBC Balance Transfer

  • No applied interest rate (0%) for up to 1 year
  • Pay a one-time processing fee of up to 4.50%
  • Minimum loan amount S$500
  • Effective Interest Rate (EIR) from 5.20%-7.38%
  • Minimum monthly repayment of 3% of your total outstanding balance (or S$50, whichever is higher.)
  • Not the best nor the worst balance transfer offered
  • Will be subjected to high prevailing interest rates after your balance transfer loan tenor has matured

Other fees: what else to look out for?

  • Processing fee: 4.50%
  • Minimum monthly repayment: 3% of total outstanding balance

Eligibility: who can apply for OCBC Balance Transfer

  • 21 years old and above
  • For Singaporean / Singapore PR: Annual Income of S$20,000 and above
  • For Foreigner: Annual income of S$45,000 and above
  • Be an existing OCBC Credit Card or OCBC EasiCredit Holder

Contact OCBC Singapore

  • Tel: +65 6363 3333
  • Address: OCBC Bank, 65 Chulia Street, #01-00, OCBC Centre, Singapore 049513
  • More details on OCBC Balance Transfer