SGD Tips The Best Deals, Coupons, Promo Codes & Discounts
Benefits
- Easy access to cash anytime via ATM or cheque
- Pay interest only on your outstanding amount at the end of each month
- Borrow up to 6x your monthly salary
- Take as long as you need to pay back outstanding amount
- Apply at Any OCBC branch to get approval and cash in 3 minutes
Interest Rates
| Rates | If your income is S$20,000 – S$29,999 |
If your income is S$30,000 or more |
|---|---|---|
| Effective interest rate |
29.8 % EIR p.a.
|
19.98 % EIR p.a.
|
| Monthly minimum repayment |
5% of outstanding amount or S$50 whichever is higher
|
3% of outstanding amount
or S$50 whichever is higher
|
Eligibility
- Age 21 and above
- Annual income S$20,000 and above (For customers with annual income less than $30,000, only Singaporeans can apply)
- Singaporeans, Singapore PRs and foreigners
Maximum amount you can borrow
| If you earn more than $1,667 a month | 2x monthly salary |
| If you earn more than $2,500 a month | 4x monthly salary |
| If you earn more than $10,000 a month | 6x monthly salary |
Fees
| Annual fee | S$80 (waived for the first year if annual income is S$30,000 and above) |
|---|---|
| Minimum interest charge | S$5 |
| Returned cheque | S$40 per cheque |
| Stop cheque via branch / call centre via online / phone banking | S$50S$30 |
| Late payment fee | If annual income is S$30,000 and above: S$85 – S$125*If annual income is less than S$30,000: S$80 |
| Over the counter payment / deposit | S$25 per transaction With effect from 16 March 2015 |
*Subject to 25% of amount due with minimum charge of S$85 and maximum charge of S$125.