OCBC Home Solutions Package helps you realise your dream home. The OCBC Bank have put together an attractive Renovation Loan package with a selection of preferential Credit Cards and EasiCredit privileges that offer up to 10 times your monthly income!
Benefits
- Up to S$30,000 or 6 times your monthly income, whichever is lower.
- Attractive Interest Rate – Save more wtih our highly competitive rate.
- Easy Repayment Scheme – Choose from 1 to 5 years to repay your Renovation Loan. The competitive interest rate is based on monthly-rest, which means that each monthly repayment reduces your loan amount and interest charges, so you enjoy better savings.
- Complimentary group term life insurance coverage – Receive coverage for your full loan outstanding during the entire period of your loan.
- Additional funds for furnishings – Receive additional funds of up to 4 times your monthly income with OCBC EasiCredit, IKEA friends VISA Card and BEST-OCBC Platinum MasterCard.
Eligibility
- Applicants must be Singapore Citizens or Permanent Residents between 21 and 55 years of age as of date of applicantion. You can apply with your spouse, child, parent or sibling. Please submit documents as per Main Applicant.
To get a loan for your renovation:
- For Single Applicants – earning at least $36,000 per annum
- For Joint Applicant – total annual income of at least $36,000 between main and joint applicants, the main applicant must earn at least $24,000 per annum
- For commission-based earner or self employed, the applicant must be in current business for 2 years
