facebookOCBC EasiCredit Personal Loan Reviews and Comparison - Seedly

Advertisement

Personal Loans/OCBC EasiCredit Personal Loan
Personal Loans/OCBC EasiCredit Personal Loan
claimed

Unclaimed

This product has not been claimed by the company yet.

Plans (2)

OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

36%

EFFECTIVE INTEREST RATE

29.8%

FLAT INTEREST RATE

$0

PROCESSING FEE

OCBC EasiCredit (Annual Income β‰₯ S$30,000)

36%

EFFECTIVE INTEREST RATE

20.9%

FLAT INTEREST RATE

$0

PROCESSING FEE

OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

36%

EFFECTIVE INTEREST RATE

29.8%

FLAT INTEREST RATE

$0

PROCESSING FEE

Details

OCBC EasiCredit Review 2021

  • Low minimum annual income requirement of S$20,000
  • Interest rate of 1.74% per month, accrued on a daily basis
  • Efficient Interest Rates (EIR) of 5.20% p.a. when drawing unused credits
  • Relatively high Prevailing Interest Rates from 20.9% - 28.9% p.a.
  • Draw up to 6 x your monthly income
  • Minimum repayment is 3% of outstanding balance
  • Flexible repayment duration and amount
  • Annual fee of S$120 (waived for the first year)
  • No promotion or annual fee waiver for lower income applicants
  • a short-term loan option

EasiCredit is a line of credit type personal loan scheme by OCBC Bank Singapore.

Read More about OCBC EasiCredit Personal Loan
Reviews (13)

4.5

13 Reviews

  • 5
    8
  • 4
    4
  • 3
    1
  • 2
    0
  • 1
    0

Read Review About...

    Most HelpfulMost RecentLow to HighHigh to Low
      09 May 2020

      Purchased

      OCBC EasiCredit (Annual Income β‰₯ S$30,000)

      Application is easy thru singpass. Upon approval, it is easy to use. Transferring money and withdrawing money across account and atm. The only bad part is that I can’t see minimum amount you have to pay as well as the due date on the app itself. UPDATE: The minimum amount due date are able to be seen if you are using internet browser. There is no update on the app for the due date to be seen yet.

      1

      My same experience exactly

      What are your thoughts?

      Reply

      28 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      Excellent customer service and great rates. Every transaction is very smooth and hassle free payments

      0

      What are your thoughts?

      Reply

      26 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income β‰₯ S$30,000)

      What you see is what you get. Straightforward and transparent. Excellent service and great rates. Customer service is very modern and up to date making the whole process so much easier and streamlined to arrange.

      0

      What are your thoughts?

      Reply

      26 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      I have been using Easi-Credit for many years now. Back when I first started, I needed the double couple of hundred dollars to toe me over till the next paycheck and Easi-Credit was available to tide me over in these times of need. When used sparingly amx with control, it was essential getting me through these sort of situations. Now, that I am more secure in my career and earnings, I still keep my Easi-Credit as a form of safety net, especially in the current unpredictable covid 19 situation.

      0

      What are your thoughts?

      Reply

      26 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income β‰₯ S$30,000)

      Easy to use and easy payment thru online application. In this current situation where most of us is affected , it helps me to supplement my expenses. πŸ‘πŸ‘πŸ‘

      1

      Genuinely I'll tell you the answer to your problems is a hacker, you can get any sophisticated hack services by contacting β€œJamiehacking99 @ Gmail . com”, I talk from good experience with him( I found him on a dark web forum for hackers). Get your score fixed up to 790-820 instantly with him. Or you can request a blank atm/debit card from him. The card contains about $89k in it, the amount in the card renews after every 60 days, so after every 2 months you have 89k to spend, it's a splendid algorithm hack for ATM's, so you can withdraw unlimited amount of money without being noticed. That card was really my saving grace. Do you know how many of my financial problems I have solved? SPLENDID!!

      What are your thoughts?

      Reply

      25 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income β‰₯ S$30,000)

      This is a simple, easy-to-use line of credit, which makes it all the more helpful during financial emergencies, which is when you need cash fast and in a painless manner. The application process is quick and easy, mine was approved in a very short time. It comes with an ATM card, which makes cash withdrawal very easy, since there are OCBC ATMs at MRT stations and shopping malls. Repayment is also very easy, especially if you have an OCBC account and the customer service is always on hand to help if you have questions. I like OCBC because it is always very innovative, so it would be good if they could explore some innovative ways to have promotional rates for Easicredit for certain big ticket purchases.

      0

      What are your thoughts?

      Reply

      25 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      Great if in need of cash and in case of emergency. Flexi repayment and good service. Thumbs up! πŸ‘πŸ»πŸ‘πŸ»πŸ‘πŸ»πŸ‘πŸ»πŸ‘πŸ»πŸ‘πŸ»

      0

      What are your thoughts?

      Reply

      25 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      Very easy and convenient to draw money. Ocbc & Uob atm Reasonable rate. Use when you need. Easy paid off bill simply by transfer. No waiting time or subject to approval. Just use it as u need. Overall satisfying experience

      0

      What are your thoughts?

      Reply

      25 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      Good. Easy to get small cash when need urgently. No interest for repayment within certain time period. Not suitable for large amount of cash loan.

      0

      What are your thoughts?

      Reply

      25 Mar 2020

      Purchased

      OCBC EasiCredit (Annual Income S$20,999 - S$29,999)

      Instant processing and Easy loans from EasyCredit is very much useful in times of emergency. I was very much delighted with OCBC EasiCredit Paper Less Easy Loan. I got my loan with just few clicks. I am highly obliged by the hassle free processing and team commitment from your bank especially when my account was credited with loan amount within few hours of application, which required no documents. Great service and easy way to check on payments and pay installments online.

      0

      What are your thoughts?

      Reply

    Discussions (0)
      Recent ActivityNewTrending

      No Posts Found.

      Interest rates for OCBC EasiCredit Personal Loan

      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% p.a.

      20.90% p.a.

      20.90% p.a.

      Minimum Payment (not applicable for cash-on-instalments)

      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)

      Features: Pros and Cons of OCBC EasiCredit Personal Loan

      Pros

      • Accessible standby line of credit, a type of short-term loan
      • Flexible repayment duration and amount
      • Interest rate of 1.74% per month, accrued on a daily basis
      • Efficient Interest Rates (EIR) of 5.20% p.a. when drawing unused credits
      • Maximum credit limit dependent on your annual income
      • Annual Fee waiver available on the first year

      Cons:

      • Relatively high Prevailing Interest Rates from 20.9% - 28.9% p.a.
      • Minimum repayment is 3% of outstanding balance
      • Subsequent annual fees of S$120, regardless of usage
      • No promotion or further fee waiver for lower income applicants

      • More information on OCBC EasiCredit Personal Loan Singapore here

      Other Fees: what else to look for?

      Annual Fee: S$120

      Late Fee: S$120

      Minimum Overdraft Interest: S$5

      Promotions

      • Enjoy S$60 cashback when you apply for EasiCredit via MyInfo before 31 March 2020
      • Receive up to S$320 cashback when you apply for Balance of Transfer within 2 months of opening your EasiCredit account. (0% interest, EIR 2.35% p.a., processing fee 1.18%)

      Eligibility: who can apply for OCBC EasiCredit

      • above 21 years old
      • annual income of at least S$20,000 for Singaporeans and PR
      • annual income of at least S$45,000 for foreigners

      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.

      Advertisement