OCBC EasiCredit account loans interest rate
For annual income | S$20,000 – S$29,999 | S$30,000 – S$119,999 | S$120,000 and above |
|---|---|---|---|
| Prevailing interest rate | 29.80% per annum | 22.90% per annum | 22.90% per annum |
| Minimum repayment | 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 |
Loan condition information
Minimum age: 21 years old
Annual income:S$20,000 and above for Singaporeans and Singapore PRs
Account opening fee information
Annual Fee:S$120
Monthly Service Fee:NIL
Minimum Overdraft Interest:S$5
Late Fee:S$120
Excess Fee:S$50
Over-the-Counter Payment/Deposit:S$25 per transaction
The 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.
Please note that for Cash-On-Instalments taken on EasiCredit, the monthly minimum repayment will be the monthly instalment amount plus the fixed percentage of outstanding amount or S$50, whichever is higher.
Please note that if the minimum payment to your EasiCredit account is not received by OCBC Bank by the payment due date in the current month, the interest rate applicable to your outstanding amount(s) will increase to 28.00%/36.00% per annum in the next statement, depending on your current prevailing interest rate 22.90%/28.00%/29.80% per annum. This interest rate will revert to the prevailing interest rate as soon as your account is no longer past due in the current and last five months.
Disclaimer: The data of this website is for reference only. For details, please click the link to the official website to view the data.
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