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 4 times⁺ your monthly salary
• Same-day approval^~ at any OCBC branch for loan application
• Pay interest only on the outstanding balances as interest is calculated on a monthly rest method. Pay interest calculated on a monthly rest method, you pay interest only on your outstanding loan amount
• 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 instalment.

LOAN TENORS

With loan tenors from 1 to 5 years, it’s easy to find a tenor that best suits your monthly
repayment needs.

SAME-DAY APPROVAL^~

Surprises happen and so sometimes you need cash in a hurry: for an unexpected opportunity or unfortunate emergency. OCBC can give fast same-day approval for your loan application. Same-day approval^~ is available at all OCBC Branches from Monday to Friday.

INTEREST RATES AND FEES

Pay interest only on what you use: Interest will be calculated on a monthly rest method, whereby you only pay interest only on your remaining loan amount.

For Personal Annual Income between S$20,000 to S$29,999, the Effective Interest Rate is 27.0% p.a., 24.5% p.a., 23.7% p.a., 23.3% p.a. and 23.0% p.a. for the 1, 2, 3, 4 and 5 year tenors respectively, based on an approved loan amount of S$4,500.

For Personal Annual Income S$30,000 and above, the Effective Interest Rate is 18.3% p.a., 17.3% p.a., 16.9% p.a., 16.7% p.a., and 16.6% p.a. for the 1, 2, 3, 4 and 5 year tenors respectively, based on an approved loan amount of S$10,000.

REQUIREMENTS

• Singaporean or Permanant Residents
• Individuals with an income of S$20,000 and above
• Age between 21 to 55 years old

MANDATORY DOCUMENTS

For salaried employees
NRIC (front & back), and

• Latest Income Tax Notice of Assessment, OR
• Last 6 months’ CPF contribution history statement, OR
• Last computerised/electronic payslip

For self-employed, commission based or variable income earner
NRIC (front & back), and

• Latest Income Tax Notice of Assessment, OR
• Last 12 months’ CPF contribution history statement

Step 1 – Decide on your loan amount, loan tenor and repayment option Step 2 – Provide us the OCBC deposit account that you want the cash deposited into. Alternatively, if you do not have an OCBC deposit account, an account will be opened for you Step 3 – Mail or fax the application form plus supporting documents to us Step 4 – Receive an SMS notification with the outcome of your loan approval when you apply for same day~ approval at any OCBC Branch.

^~ Terms and conditions apply. Same-day approval is available at OCBC Branches from Monday – Friday only. This is subject to submission of all mandatory documents as listed overleaf. Please allow up to three working days after loan approval for the funds to be disbursed to your designated OCBC account. ⁺Applicable only to applicants with annual income of S$30,000 and above without other unsecured facilities with OCBC Bank. Interest on the loan amount is calculated based on a monthly rest method and is the effective interest rate.