OCBC ExtraCash Loan, Up to 6X Salary and Deferred Payment Option

Whatever your next step in life, OCBC ExtraCash Loan helps you take it more easily. Whether you’re planning a wedding, furnishing a new home or taking the trip of a lifetime, you can do it more easily and save with OCBC ExtraCash Loan. Enjoy attractive interest rates and total financial control with these flexible loan features.

BENEFITS

• Deferred payment option^
• Extra cash at up to 6 times⁺ your monthly salary
• Same-day approval^~ at any OCBC branch for loan application
• Pay interest only on the outstanding balances as it is calculated on monthly rest method.
• Interest rates as low as 1.25% per month (15% p.a.)

Regular payment option Start payments immediately upon loan approval Deferred payment option^ Unlike other loans, you can enjoy deferred payments of 3 months. This way, you can use the extra cash for your needs and start repayments later.
Assuming your 12-month loan is approved on 1st July: Payment Options You Start Payment On: No. Of Months Other banks’ instalment loan 1st August 12 Extra Cash Loan Deferred Payment Option 1st October 9^
^ For deferred payment option, the first 3 instalments and interest will be billed together with your final month’s installment. CASH OF UP TO 6 TIMES+ YOUR MONTHLY INCOME Get enough cash for all your needs with up to 6 times+ your regular monthly salary on OCBC ExtraCash Loan. Get 6 times+ your monthly income if your annual salary is more than S$120,000 Get 4 times+ your monthly income if your annual salary is between S$30,000 to S$119,999 Get 2 times+ your monthly income if your annual salary is between S$20,000 to S$29,999 LOAN TENORS With loan tenors from 1 to 5 years, it’s easy to find a tenor that best suits your monthly repayment needs. Loan Amount# Loan Tenor 1 year 2 years 3 years 4 years 5 years S$4,500 S$406 S$218 S$156 S$125 S$107 S$10,000 S$903 S$485 S$347 S$278 S$238 # Instalment amounts are calculated based on a regular instalment payment option with 15% p.a. applied interest. Figures simplified for illustration purposes and includes S$100 processing fee.  EXTRACASH LOAN APPLICATION APPLY AT ANY BRANCH APPLY ONLINE NOW Step 1 Meet our Loan or Service Ambassadors at your nearest OCBC Branch. Download and fill up the ExtraCash LoanApplication Form. Step 2 Decide on your loan amount, tenor and repayment option. Step 3 Indicate if you prefer the funds to be deposited into an existing OCBC deposit account or a new account, which we will open for you. Step 4 Submit the application form with supporting documents at the OCBC Branch. Submit your CPF Statement online, and mail / fax the application form and supporting documents back to us. Step 5 Same day approval~! Receive an SMS notification on the outcome of your loan application within the same day~! All at your convenience! Simply fax in the documents to 6784 3791 / 6784 9241, or mail it back to us. Same-day approval~ is available at all OCBC Branches from Monday to Friday. This is subject to submission of all mandatory documents by 4:30pm.  For Requirements, Pricing Guide and Term and Condition, please check here.

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