Questions & Answers about OCBC ExtraCash Loan 2024
OCBC offers a diverse type of loans which can range from Cash Loans, Student Loans, and similar types of financing. Not to be looked down, but OCBC is very ideal low-income individuals as it provides a justified interest rate and also offers fixed payment and flexible payment options.
Oversea-Chinese Banking Corporation
Oversea-Chinese Banking Corporation, Limited (OCBC), is consistently ranked amongst the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker, was formed in 1932 by the merger of three local banks, oldest of which was founded in 1912. It is one of the highest-ranked banks as it is the second-largest financial services group in Southeast Asia by assets and is recognized for its financial strength and stability. OCBC Bank and its subsidiaries are widely acclaimed all throughout Singapore, Malaysia, Indonesia, and Greater China. It has more than 560 branches and representative offices in 19 countries and regions. OCBC Bank and its subsidiaries offer a comprehensive range of specialist financial and wealth management services and are listed on the SGT-ST as one of the largest listed companies in Singapore by market capitalization. It is also one of the largest listed banks in Southeast Asia by market capitalization and has more than 29,000 employees globally.
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.