You can enjoy multiple convenient options to access your accounts and to give instructions to us 24 x 7.

Do sign-up for our online and mobile banking services for personal account or corporate accounts, or continue to instruct us in writing.

You may visit our conveniently located branches and Premier Banking Centres, or send your written instructions to any of our locations.

OCBC Premier Banking customers can contact your Relationship Manager to assist you. Get to know more about OCBC’s Premier Banking services and how our team of Relationship Managers, Relationship Officers and Wealth Advisors can help you with your banking and financial need.

After the transfer, please continue to renew the fire insurance on your property.
For landed property owners, we may contact you to furnish the latest fire insurance policy and to arrange for the endorsement on the policy in OCBC’s name.

Currency switch is available for accounts transferred from NAB with the currency switch feature. We will check the Letter of Offer issued by NAB. If this term is not stated, or if there are changes in other terms and conditions, currency switch will be a situation of "refinancing" in regulations requiring a review of Total Debt Servicing Ratio and further documents may be required.

Terms of OCBC’s Currency Switch

1. Currency switch is limited to changing the base currency of the existing loan into either Singapore Dollars (SGD) or the currency where the property collateral is located.
2. Currency switch will be performed without any processing fee for the first application only. Thereafter a processing fee of S$500.00 in the existing base currency is payable for each subsequent currency switch request (to be deducted from your deposit account linked to the loan account)
3. The maximum number of currency switches that can be requested for this loan is 5 times during the loan tenor.

Please call us if you intend to activate currency switch. We require 3 full working days to process your application because we reed to retrieve your original contract and perform a review on your account.

To fund OCBC loan payment, transfer funds into the deposit account linked to the loan account. Inform your remitting bank to pay as follows:

Beneficiary Bank
Oversea-Chinese Banking Corporation Limited
Singapore
SWIFT Code: OCBCSGSG or OCBCSGSGXXX
CHIPS UID: 010275

Intermediary Bank (For USD transfers)
JP Morgan Chase Bank, New York
New York, USA
SWIFT Code: CHASUS33
ABA Routing No.:FW021000021
CHIPS UID: CP0002

Please indicate the account number and account name as maintained with OCBC accordingly.
For funds crediting to Foreign Currency account, please indicate the 3-digit account currency code which is part of the account number e.g. 501123456201USD

For same-day crediting, remitting bank must inform Oversea-Chinese Banking Corporate Ltd, Singapore to confirm payment by authenticated SWIFT or test telex by 4pm Singapore time (for crediting into Foreign Currency Account) and 4.30pm Singapore time (for crediting into Singapore Dollars account).

Do note the SGD10 processing fee for funds remitted into your account.

The first instalment to be paid will be the amount recorded in your NAB account.

When the interest rate is changed at the next funding period (in OCBC this is known as the "Rate Review Date"), OCBC will give you one month to adjust to the revised instalment amount.

For example, your loan interest rate was revised on the 20th November 2017. Your instalment due on 1 December 2017 will remain the same as the previous instalment amount as communicated by NAB and in our welcome letter dated 16 November 2017. The revised instalment will only apply from 2 January 2018.

As interest rate is fixed for 3 months, the instalment amount is also fixed for the next 3 months, i.e. the instalment for January, February and March 2018 will be the same.

For NAB accounts, all prepayment penalties are waived for notifications received until end February 2018.

From 1 March 2018, the notice period will be as follows:

1. 30 days' notice for prepayment
2. 90 days' notice for full redemption

As the prepayment / redemption notice requirement is waived from now until end February 2018, please state a specific date for prepayment / redemption. Otherwise, the 1-month notice period for prepayment and 3-month notice period for full redemption will be applied.

Please complete the form called Pay Your Home Loan or Term Loan in Advance

Submit the form at any branch or mail to:
OCBC Bank
Consumer Loan Operations
11 Tampines Central 1
#07-00 OCBC Tampines Centre One
Singapore 529542
Attention: Secured Loan Mortgage (Overseas Properties)

If you are selling your property, your solicitor should write in to OCBC to request for redemption statement. Note that prepayment fees will be waived for all notices receive until end February 2018.
Thereafter, 90 days’ notice or interest-in-lieu of shortfall in notice period applies.

• As interest rate is changed every 3 months, you will receive quarterly rate change advices. This interest rate change advice will only reflect the first property pledged for your loan. Hence, if the loan is secured by multiple properties, only the first property will be reflected in view of the space limitation on the interest rate change advice. Please note that we will issue an annual statement for your tax submission.
• For your 2018 tax submission, you will have to tally interest in 3 components as follows:
  • Before 13 Nov 2017: Refer to NAB’s quarterly statement
  • From 13 Nov 2017 – 31 Dec 2017: OCBC’s 31 Dec 2017 statement
  • From 1 Jan 2018 till 30 Apr 2018 (UK/NZ): OCBC’s 30 Apr 2018 statement
  • From 1 Jan 2018 till 30 Jun 2018 (Australia): OCBC’s 30 Jun 2018 statement