A first-of-its-kind savings account for kids aged 7 to 15, the OCBC MyOwn Account lets your child manage their own money while you stay in control.
T&Cs apply. Insured up to S$100k by SDIC.
Current promotion
Get a free De’Longhi Icona Vintage Kettle or Toaster (worth S$149). T&Cs apply.
Find out more
On 11 December 2024, the Terms and Conditions relating to EasiCredit will be revised.
To view the changes, refer to Clauses 9.2a, 12, 24 and 24A (under the Terms and Conditions Governing Personal Line of Credit Accounts) and Clause 7 (under the Terms and Conditions Governing Group Creditors’ Life Insurance) of the revised Terms and Conditions.
Withdraw what you need at a prevailing interest rate of 0.06% per day, accrued on a daily basis. Minimum repayment is only 3% or S$50 per month, whichever is higher.
Enjoy lower interest rates when you draw down on your unused EasiCredit limit using Cash-on-Instalments or Balance Transfer (EIR from 5.20% per annum).
| For annual income | S$20,000 – S$29,999 | S$30,000 – S$119,999 | S$120,000 and above |
| Maximum loan | Up to 2x your monthly income | Up to 4x your monthly income | Up to 6x your monthly income |
| Prevailing interest rate | 29.80% per annum | 22.90% per annum | 22.90% per annum |
| Minimum repayment1 | 5% of outstanding amount OR S$50, whichever is higher | 3% of outstanding amount OR S$50, whichever is higher | 3% of outstanding amount OR S$50, whichever is higher |
| For annual income |
| Maximum Loan |
| Prevailing interest rate |
| Minimum repayment1 |
1The 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.
Please note that for Cash-On-Instalments taken on EasiCredit, the monthly minimum repayment will be the monthly instalment amount plus the fixed percentage of outstanding amount or S$50, whichever is higher.
Please note that if the minimum payment to your EasiCredit account is not received by OCBC Bank by the payment due date in the current month, the interest rate applicable to your outstanding amount(s) will increase to 28.00%/36.00% per annum in the next statement, depending on your current prevailing interest rate 22.90%/28.00%/29.80% per annum. This interest rate will revert to the prevailing interest rate as soon as your account is no longer past due in the current and last five months.
Get up to 4x your monthly income (for annual income between S$30k - S$120k).
Get up to 6x your monthly income (for annual income above S$120k).
Apply for a new OCBC EasiCredit account and receive either a De’Longhi Icona Vintage Kettle or Toaster on us!
To qualify for this offer, you must apply for an EasiCredit account via this webpage. You will receive your gift after 4 calendar months of meeting the requirement.
Valid till 31 December 2024. Terms and conditions, fees and charges apply.
Minimum age
21 years old
Annual income
S$20,000 and above for Singaporeans and Singapore PRs
S$45,000 and above for foreigners
Credit Bureau Singapore
Please note that additional time may be needed to review your application as Credit Bureau Singapore will be synchronising data from 12am to 8am daily.
Myinfo
Myinfo will be temporarily unavailable from 2am to 8.30am every Wednesday and Sunday due to scheduled maintenance.
System Maintenance
Please note that your product may not be availed to you instantly during system maintenance hours between 9.30pm to 6am.
Online Application
Your EasiCredit statement will be generated at the end of the calendar month.
The due date for EasiCredit payment is 28 calendar days after the statement is generated (the “Payment Due Date”). If the Payment Due Date falls on a weekend or public holiday, the actual payment due date will fall on the previous business day.
| Current due date | New due date |
|---|---|
| Payment Due Date falls on a Saturday or a Sunday | Friday before the original Payment Due Date (assuming it is a business day) |
| Payment Due Date falls on a Monday and is a public holiday | Friday before the original Payment Due Date (assuming it is a business day) |
All EasiCredit account holders can apply for an increase in credit limit. Application can be made via OCBC Digital or by filling up an application form.
For application via OCBC Digital, the outcome of your application will be notified via SMS and/or Email. It may take up to 5 working days to process your application. For application using form, a letter will be sent to notify you on the application outcome.
If your latest income documents reflect an increase in income based on our record, credit limit increase will be subjected to our review. Please note that if your income documents reflect a lower earned income than what is currently in our record, your current credit limit will be reduced accordingly to reflect the prevailing earned income.
| Annual income | Credit limit per customer |
| S$30,000 to S$120,000 | Up to 4x monthly income |
| >S$120,000 | Up to 6x monthly income |
The approved credit limit is a shared limit (based on above table) with all Unsecured Credit Facilities with OCBC. You can specify your new preferred credit limit for either your OCBC Credit Card account(s) or OCBC EasiCredit. OCBC will in its absolute discretion, determine the credit limit based on income information in our recorded and its credit and risk management policies.
For more FAQs, refer to the Permanent Credit Limit Increase for EasiCredit FAQs.
Copy of NRIC (front and back)
If residential or mailing address differs from that in NRIC: Most recent original/soft copy telephone bill OR utility bill OR bank statement
Most recent original/soft copy telephone bill OR utility bill OR bank statement
If salary is not credited to an OCBC account, submit any of the 2 combinations below:
Last 12 months’ CPF contribution history statement OR Latest Income Tax Notice of Assessment
| Prevailing Interest Rate | Interest Rate if minimum payment is not received by due date |
| 22.90% | 28.00% |
| 28.00% | 36.00% |
| 29.80% (for customers with annual income S$20,000 - S$29,999) | 36.00% |
