Balance Transfer
Get instant cash at 0% interest^
^The one-time fee will be charged to your EasiCredit/Credit Card account accordingly. The promotional interest rate will expire and cease to apply after the promotion period indicated in your Balance Transfer application or upon full repayment of the Balance Transfer loan amount (whichever is earlier) and the interest rate will be adjusted to our prevailing interest rate or preferential interest rate, if applicable.
Enjoy the flexibility of paying a higher or lower amount each month.
Example: You have an outstanding amount of $7,000 over a 12-month period with Bank X.
Bank X
Your outstanding amount with Bank X
$7,000
Your credit card interest rate
26% per annum
What you need to pay Bank X
$1,820
OCBC Bank
Your outstanding amount with OCBC
$7,000
Your interest rate with Balance Transfer
0%
One-time processing fee
4.5%
What you need to pay OCBC
$315
You saved 82% on interest charges!
Key in the Balance Transfer amount and select your loan tenure to see how much you have to repay monthly.
Calculate your monthly repayment
Total amount you need to pay
$0
Loan amount
$0
One-time processing fee (0% of approved amount)
$0
0% interest p.a. (EIR: 0%)
$0
Total repayment amount*
*Actual rates may differ from what is shown during the application.
How you will repay the loan
Month 1
You have a total repayment amount of $0 over months
Month 0
You will need to pay at least $0 for the first month.
For subsequent months, you will need to pay 3% of your outstanding balance or $50 (whichever is higher).
^This is the indicative amount for the first month.
^This is the indicative amount for the first month.
If your loan tenure has expired, the interest rate will return to the prevailing interest rates and fees of OCBC Credit Cards Fees or EasiCredit.
Month 1
Month 0
Example: You have an outstanding amount of $7,000 over a 12-month period with Bank X.
| Bank X | OCBC Bank |
|---|---|
| Your outstanding amount with Bank X$7,000 | Your outstanding amount with OCBC$7,000 |
| Your credit card interest rate26% per annum | Your interest rate with Balance Transfer0% |
| What you need to pay Bank X$1,820 | One-time processing fee4.5% |
| What you need to pay OCBC$315 (You saved 81% on interest charges!) |
Loan amount:
- Interest Rate (per annum)
- Nominal interest rate
- Effective Interest Rate (EIR)
- Effective Interest Rate
| Period (months) | 3 months | 6 months | 12 months | |
| One-time processing fee | 1.80% $18 |
2.50% $25 |
4.50% $45 |
|
| Nominal interest rate | 0% per annum | |||
| Effective Interest Rate (EIR) | 7.38% per annum | 5.34% per annum | 5.20% per annum | |
| Repayment period |
| One-time processing fee |
| Nominal interest rate |
| Effective Interest Rate (EIR) |
Here’s an illustration of what will happen if you were to take out a loan from your existing EasiCredit or credit card account.
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3
Eligibility requirements
Minimum age
21 years old
Annual income
$20,000 and above for Singaporeans and Singapore PRs
$45,000 and above for foreigners
Product holding
Existing OCBC Credit Card or OCBC EasiCredit account holder
Apply for Balance Transfer today
An EasiCredit account or OCBC Credit Card is required to apply for Balance Transfer.
Do not have an existing EasiCredit account? Apply online and enjoy fast approval.
No access to OCBC Internet Banking
Do not have access to your OCBC Internet Banking account? Contact our 24 hours hotline at +65 6363 3333 to apply.