OCBC ExtraCash Loan

EasiCredit as a standby line of credit offers you the flexibility of choosing how long and how much you would like to repay on your outstanding balance. The have a prevailing interest rate of 29.8% p.a. You can expect to pay a minimum repayment which should be about 5% of outstanding amount or $50 depending on which is higher with a maximum credit limit two times your monthly salary. The monthly minimum repayment amount shall include any amounts above your approved credit limit and any overdue payments in respect of the Account. The monthly minimum repayment amount is not applicable to Cash-on-Instalments. Be warned that if the minimum payment to your EasiCredit account is not received by OCBC bank by the payment due date, the prevailing interest rate applicable to your outstanding amount(s) may increase to up to 36% p.a.

Yes one can take up financing in Singapore with a minimum loan amount of S$200,000 and a maximum loan amount up to 60% for property with status as completed and building-under-construction. The interest commencement is from the date of first release of loan and you will need to provide a copy of NRIC or passport, copy of employment pass / work permit (for foreigners), Pay slips from the last 6 months, CPF contribution history of last 12 months and 2 years' income tax statement for self-employed with a reservation form / booking form / lease agreement / contract for sale