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Personal Loans/OCBC Cash-On-Instalment
Personal Loans/OCBC Cash-On-Instalment
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Summary

OCBC Cash-on-Instalment

Cash-on-Instalment is a fast cash loan scheme from OCBC Singapore, that allows you to access extra cash from your unused credit limit.

Loan Features & Details

1) Key Features

  • Interest rates from 3.50% per annum (EIR 6.96% per annum)
  • Loan tenure period of a minimum 1 year to a maximum of 5 years
  • Fixed monthly repayments for your Cash-on-Instalments plan
  • Minimum loan amount of S$1,000

2) Eligibility

  • Citizenship: Singaporeans, PRs, and Foreigners
  • Age: 21 years old and above
  • Minimum income requirement: S$20,000 (Singaporeans & PRs); S$45,000 (Foreigners)

3) Fees

  • Processing fee: 1.0%
  • Account termination fee: S$100

4) Application Process

How to apply?
  • Head to OCBC’s website to apply for the loan online
  • An EasiCredit account or OCBC Credit Card is required to apply for Cash-on-Instalments 
  • Customers without the above will be prompted to create an EasiCredit account before proceeding with the loan application
  • Login to OCBC online banking 
  • Complete and submit loan application
Supporting documents
  • No additional income documents needed for application 

...see more

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Plans (5)

Slide 1 of 5

OCBC Cash-On-Instalment (1 Year Tenure)

10.45%

EFFECTIVE INTEREST RATE

4.70%

FLAT INTEREST RATE

1% of principal amount

PROCESSING FEE

OCBC Cash-on-Instalments (2 Year Tenure)

9.77%

EFFECTIVE INTEREST RATE

4.70%

FLAT INTEREST RATE

1% of principal amount

PROCESSING FEE

OCBC Cash-On-Instalment (1 Year Tenure)

10.45%

EFFECTIVE INTEREST RATE

4.70%

FLAT INTEREST RATE

1% of principal amount

PROCESSING FEE

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      Interest Rates for OCBC Cash on Instalment

      Tenure (years)

      Interest Rate p.a.

      Processing Fee

      Effective Interest Rate (EIR)

      1

      4.70%

      1% of the approved loan amount

      10.45%

      2

      4.70%

      1% of the approved loan amount

      9.77%

      3

      4.70%

      1% of the approved loan amount

      9.46%

      4

      4.70%

      1% of the approved loan amount

      9.24%

      5

      4.70%

      1% of the approved loan amount

      9.06%

      Interest Rates for OCBC Cash On Instalment assuming a loan of S$10,000

      Features: Pros & cons of OCBC Cash on Instalment

      • Easily loan cash from your unused credit limit
      • With interest rates from 4.70% p.a.
      • Effective Interest rates from 9.05% p.a. to 10.45% p.a.
      • A more long-term cash-flow option
      • Repay in fixed monthly repayments with tenure of up to 60 months (5 years).

      Is It the Best? OCBC Cash on Instalment Review

      • Competitive only for loan durations of 4 and 5 years
      • Generally, a rather expensive personal loan scheme
      • More details on this OCBC cash loan scheme and Personal Loan Calculator here

      Other fees: what else to look out for?

      • Processing fee: 1% of approved loan amount

      Eligibility: who can apply for OCBC Cash On Instalments?

      • Above 21 years old
      • Annual income of at least S$20,000 for Singaporeans and PR
      • Annual income of S$45,000 and above for foreigners
      • Be an OCBC Credit Card or OCBC EasiCredit account holder

      Contact OCBC Singapore

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

      Contact us at [email protected] should you require any assistance or spot any inaccuracies.

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