The OCBC personal loan most people apply for is the ExtraCash Loan. As at November 2026, OCBC publishes a rate of 10.08% a year on a monthly rest basis for annual incomes of S$30,000 and above, with an Effective Interest Rate (EIR) of 10.96% to 13.92% depending on tenure. That is a single published rate, not a “from” rate.
OCBC also offers cheaper ways to borrow against an existing card or credit line. This page sets out all five, from OCBC’s own pages read on 13 November 2026, and shows what each costs in dollars. We are not paid by OCBC and there are no application links.
A caution on borrowing: every OCBC product here is unsecured debt with a fixed or minimum monthly payment. Borrow only what you can repay from income you are fairly sure of.
OCBC Personal Loan: The ExtraCash Loan
The ExtraCash Loan is a term loan repaid in fixed instalments over 12 to 60 months.
- Rate: 10.08% a year, monthly rest, for incomes of $30,000 and above. OCBC shows the flat-rate equivalent as 5.42% to 5.54% for reference.
- EIR, including the fee: 13.92% (12 months), 12.11% (24), 11.47% (36), 11.15% (48), 10.96% (60).
- Processing fee: $200 or 2% of the approved amount, whichever is higher, deducted before disbursement.
- Amount: up to 6 times monthly income if you earn $120,000 a year or more.
- Eligibility: citizens and PRs aged 21 and above earning $20,000 a year or more.
- Other fees: late fee $80; early repayment 3% of the amount repaid ($1,000 minimum); restructuring 3% of the outstanding loan.
Monthly rest means interest is charged on the falling balance, as with a home loan. A flat rate charges interest on the original amount throughout. MoneySense explains why the two are not comparable and why EIR is the fair measure.
OCBC’s Five Borrowing Products Side by Side
| OCBC product | Published rate | Published EIR | Fees | Tenure | Who can apply |
|---|---|---|---|---|---|
| ExtraCash Loan | 10.08% a year, monthly rest | 10.96% to 13.92% | Higher of $200 or 2% | 12 to 60 months | Citizens, PRs; $20,000 income |
| Cash-on-Instalments | From 1.98% a year | From 4.19% | One-time processing fee | 12 to 60 months | Main OCBC cardholders or EasiCredit holders |
| Balance Transfer | 0% | From 3.98% | One-time processing fee | 3, 6, 9 or 12 months | Main OCBC cardholders or EasiCredit holders |
| EasiCredit (credit line) | 22.90% a year | Not stated | $150 annual fee, first year waived; $150 late fee | Revolving | $30,000 (citizens, PRs); $45,000 (foreigners) |
| Debt Consolidation Plan | 4.50% a year | 8.06% to 8.41% | 5% termination fee; $200 late charge | 36 to 96 months | Citizens, PRs; $30,000 to $120,000 |
Figures from OCBC’s pages as at November 2026; they can change without notice.
A Worked Example: $10,000 Over Three Years
Take an illustrative borrower earning $48,000 a year who needs $10,000 and chooses three years. Our own scenario; OCBC’s published figures.
ExtraCash Loan at 10.08% monthly rest:
- Processing fee: $200, so $9,800 is received
- Monthly instalment: about $323
- Interest over 36 months: about $1,630
- Total cost with the fee: about $1,830, an EIR of 11.47%
Cash-on-Instalments, if the same person already holds an OCBC card: OCBC’s own calculator illustrates 3.50% a year with a 1% fee over 12 months, an EIR of 8.27%. Its published floor is 1.98% (EIR 4.19%). The rate offered depends on your credit profile.
EasiCredit at 22.90%, repaid at $500 a month, would take about 26 months and cost roughly $2,700 in interest. That is why a revolving line is for short gaps.
Our debt payoff calculator works through other amounts and tenures.
The short version: OCBC’s ExtraCash publishes one honest rate: 10.08% on monthly rest, an EIR of about 11% to 14%. If you already hold an OCBC card, ask about Cash-on-Instalments first, and compare every offer on EIR and total repaid.
OCBC Balance Transfer, EasiCredit and Debt Consolidation
Balance Transfer
The OCBC Balance Transfer converts available card or EasiCredit limit into cash at 0% for 3 to 12 months, with a one-time fee charged to the account. OCBC’s illustration shows a 1.68% fee over 3 months (EIR 6.89%) and a 4.5% fee over 12 months. After the period, the prevailing rate applies. Our balance transfer guide covers how to plan the exit.
EasiCredit
EasiCredit is a line of credit at 22.90% a year, charged daily, with a minimum overdraft interest of $5. The minimum monthly repayment is 3% of the balance or $50. Miss it and OCBC raises the rate to 28.00% or 36.00% a year, reverting only after six months of on-time payments. The limit is up to 4 times monthly income ($30,000 to $120,000 a year) or 6 times above that. OCBC no longer accepts new applicants earning under $30,000.
Debt Consolidation Plan
The OCBC Debt Consolidation Plan is for citizens and PRs whose unsecured debt is at least 12 times monthly income. It charges 4.50% a year, with an EIR of 8.41% over 36 months down to 8.06% over 96 months. OCBC adds 5% on top of your outstanding balances to the first loan to cover charges. A complimentary card comes with a limit of one month’s income and a 26.88% interest rate. See our debt consolidation guide.
Who These Products Do Not Suit
- Borrowers with existing card debt and no plan. Moving a balance into a loan helps only if spending on the card stops.
- People who may repay early. The ExtraCash 3% early repayment fee and the Debt Consolidation Plan’s 5% termination fee reduce the benefit.
- Foreigners wanting a term loan. ExtraCash is for citizens and PRs. See personal loans for foreigners.
Each lender’s unsecured limit is capped by MAS: two months’ income below $30,000 a year, four months’ from $30,000 to under $120,000. Our guide to how many personal loans you can take explains how these add up.
To compare OCBC with other banks, see our best personal loans in Singapore hub and the pages for DBS, UOB, Citibank and Standard Chartered.
What To Do Next
- Set the instalment you can afford first, using our budget planner.
- If you hold an OCBC card or EasiCredit, check your Cash-on-Instalments rate in the OCBC app before applying for ExtraCash.
- Ask for the EIR, fee and total repayable on the same amount and tenure from at least two other banks.
- Read the early repayment terms before signing.
- If debts are already hard to manage, Credit Counselling Singapore offers free help.
