An Introduction to OCBC Bank Personal Loan

Your income and savings may not be enough for you to fulfil your dreams or take care of your financial responsibilities. Going on a vacation with your family, purchasing an engagement ring or simply paying bills are tasks that will require you to spend a lot of money. When you do not have the required money, you will probably try to approach your friends or family members but if the amount that you require is not a few thousands of dollars they will probably not be able to help you. Hence, you will need to apply for a personal loan from a reliable bank such as OCBC. You can easily fulfil your financial responsibilities with an OCBC Personal Loan.

OCBC is one of the leading banks in Singapore and also has its branches in countries around the globe. The bank offers a wide range of products and services in the field of banking and finance. The products offered by the bank include personal loans, home loans, credit cards and so on. The bank lends money to people to help them in meeting their financial needs and also offers them with numerous advantages and attractive features with its loan products. If you apply for a personal loan with OCBC Bank, you can be assured that the loan amount offered will be quite high and so you will not have any difficulties in getting the amount of money that you need.

Features of OCBC Personal Loans

The loan amount offered will depend on your annual income and it can be as high as 6 times of your income. You will also enjoy flexible repayment options and will not have any difficulty in paying off the borrowed amount as per the terms and conditions laid down by the bank. You can apply for a loan either by visiting any of the branches of the bank or by getting in touch with their customer support team. The application form for the loan can be obtained from the website of the bank. You will need to sign the same and then submit it with the required documents. You should be an adult with a reasonably high annual income to be eligible for a personal loan from OCBC Bank.

Once you apply for the loan, the application will be processed within a few days and if it is approved you will have access to the required money in no time. You can even access the money through ATM and cheques. The tenure of the loan will be very flexible and depending on your financial situation you can either opt for a long or short tenure. For example, if you feel that you will be able to pay higher amounts every month (or after a certain fixed interval of time) as instalment for the loan, you can opt for a shorter tenure and the total amount that you pay as interest will be comparatively lower and so will be your total cost of borrowing.

Alternately, if you feel that paying higher amounts as instalments will be difficult for you, you can opt for a longer tenure and pay off the borrowed amount through short instalments every month. However, the total amount of interest that you pay with the loan will be higher and so will be your total cost of borrowing. In case you are unsure of what tenure you should opt for, you can contact the loan specialist of the bank at any of the branches of OCBC Bank to help you in choosing a tenure that will be best for your financial situation.