SGDtips 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.
Hi im just wondering, i apply easicredit few days ago before cny, how will i be notified once the credit is in. I received an email saying my easicredit been approved and the account number is stated in the link, once i click it. So my questions is, will the account for my easi credit will be shown in the online banking login as well or will it be in another site?
Hi Nadia,
Sorry we don’t have the answer to your inquiry. You may want to check with OCBC here.