• Interest rate (p.a.)

    8.18% - 13.14%

  • Loan Tenure

    1 - 5 years

  • Approval Duration

    Up to 7 business days

  • Min. monthly income


Loan calculator
Loan amount
Loan tenure
Monthly salaryRM0
Interest rate (p.a)


Monthly Repayment


Total Interest PayableS$0
Total Amount PayableS$0
What's so great about OCBC ExtraCash (Fixed Repayment)?
  • Borrow up to 6X of your monthly salary
  • Low interest rates from 8.18% p.a (EIR of 17.07% p.a)
  • View your loan balance on-the-go via online and mobile banking

Product Features

Min. financing amountS$1000
Max.financing amount Up to 6X fixed monthly salary
Min. loan tenure1 year
Max. loan tenure5 years
Interest rateFixed rate of 8.18% – 13.14% p.a
Approval durationUp to 7 business days
Debt consolidationYes

Fees & Charges

One time set up
Processing feeS$100 for annual income below S$30,000; S$200 or 2% of approved loan amount (whichever higher) for annual income of S$30,000 and above
Stamp dutyN/A
Disbursement & misc. feeN/A
Early settlement3% of amount to be repaid (S$1,000 minimum repayment)
Late payment chargesS$80


Age requirementAge 21 - 65
Employment eligibilitySingaporean citizens and permanent residents
Min. salary requirementS$2,500 gross per month
Guarantor / Collateral requirementN/A

Other Requirements

Need to open linked banked account?No

Product Review byiMoney

OCBC ExtraCash Loan - FAQ

What is the maximum amount you can borrow?

You can borrow up to six times of your fixed monthly gross salary

The catch?

Applicant must be 21 years old and above

Applicant must be a Singaporean citizen or permanent resident with a minimum monthly salary of S$1,667

What will it cost you and how will you be charged?

Processing fee:
  • For annual income between S$20,000 to S$30,000 - S$100
  • For annual income S$30,000 and above - The higher of S$200 or 2% of the approved loan amount
  • Flexible term loan :
  • You can choose to repay your loan in 12, 24, 36, 48 or 60 months
  • Late fee:
  • S$80
  • Restructuring fee :
  • 3% of outstanding loan amount
  • Early partial/full repayment fee :
  • 3% of amount to be repaid
  • How long will the application take and what documentations are required?

    Upon completing an application with iMoney, you may expect a call from the respected bank within the same business day to confirm your application.

    Thereafter, OCBC Bank will require an average of seven business days (not including Saturday, Sunday, and public holidays) before approval or disbursement.

    You are required to furnish the following documents for your loan application:

      Employee of non-MNC or private limited company:
    • Photocopy of NRIC (both sides)
    • Proof of Income:
      • Salaried Employee:

      • 1) Latest Computerized Payslip OR
        2) CPF Contribution Statement for past 12 months OR
        3) Latest Income Tax Notice of Assessment (NOA)
      Self-employed applicants:
      Photocopy of NRIC (both sides)
    • Proof of Income:

    • 1) Income Tax Notices of Assessment (NOA) for past 2 years
    • Any other documents as may be requested by the Bank at its sole discretion
        • Applicants earning commission:
          Photocopy of NRIC (both sides)
        • Proof of Income:
        • Variable Income/Commission Based Earner:

        • 1) Latest 6 months Computerised Payslip OR
          2) CPF Contribution Statement for past 12 months OR
          3) Latest Income Tax Notice of Assessment (NOA)

        Can you apply if you have a bad credit score in CBS/ FICO/ DP credit bureau?

        Your personal loan application is likely to get rejected if you have a bad credit score. Late payments or missed payments are some of the major are some of the major contributors to a bad credit score. If you currently have an unsatisfactory credit score, take steps to rebuild it by clearing overdue payments. Make full and timely payments on your debts for 6 months before reapplying.

        If you are looking for personal loans offered by other banks in the Singapore, you may also consider:

        Standard Chartered CashOne
      • With Standard Chartered CashOne, you can easily enjoy a personal loan with an approved amount of up to 4X of applicant’s monthly income or S$250,000 with an interest rate starting from 3.88% (EIR 7.63% p.a). On top of that, receive a Platinum Credit Card for those with annual income of S$30,000 and above.

      • Citibank Ready Credit PayLite
      • Need some extra funds as soon as possible? With this personal loan, you can get approvals within an hour with an interest rate of 4.55% up to 5.79 per annum. For customer satisfaction purposes, this loan comes with a 15-day loan return option with no charges and all you need to apply for this loan is just a minimum monthly income of S$2,500.

      • Looking for more choices? Get full details on our Best Personal Loans in Singapore listed on our website and choose which is the right one for you.