• 8.31% to 8.55% p.a. Interest Rate and 15.92% to 18.88% p.a. EIR for borrowers with Annual Income of $30,000 and above
• 12.31% to 13.14% p.a. Interest Rate and 23.10% to 26.39% p.a. EIR for borrowers with Annual Income of $20,000 to $29,999
• Borrow up to 6x of monthly salary
• Processing fee of $100, $200 or 2% of loan amount (depending on the plan and the higher value)
• Loan Repayment Period of 12 – 60 months
• Suitable for middle income borrowers who want to repay the loan over a long period of time

OCBC offers an ExtraCash Loan with fixed monthly repayments for both Singaporeans and foreigners. Singaporeans need a minimum annual income of $20,000 to qualify while foreigners need to be earning at least $45,000 annually. They can borrow up to 6 times of their monthly salary.

Loan repayment period ranges from 12 to 60 months with fixed and regular monthly repayments, providing flexibility to the borrowers. Repayments can be done conveniently via online platforms, mobile banking, cheque deposit or at cash deposit machines.

OCBC ExtraCash Loan interest rates varies for different income levels. For borrowers of annual income $30,000 and above, interest rates range from 8.31% to 8.55% p.a. depending on loan tenures of 12 – 60 months, with higher rates for longer term periods. EIR ranges from 15.92% to 18.88% p.a. depending on loan repayment periods, with lower rates for longer term periods. A processing fee of $200 or 2% of approved loan amount, whichever is higher applies for all loan applications.

OCBC also offers ExtraCash Loan to borrowers of annual income $20,000 to $29,999. Interest rates range from 12.31% to 13.14% p.a. depending on loan tenures or 12 – 60 months, with higher interest rates for longer term periods. EIR then ranges from 23.10% to 26.39% p.a. for loan tenures of 12 – 60 months, with lower rates for longer term periods. Processing fee is around $100 for each application