OCBC Bank Property Loans

 OCBC stands for Oversea-Chinese Banking Corporation or 华侨银行有限公司 in Chinese. It is a financial institution based in Singapore and is a publicly listed institution.

As one of the largest banks in Asia, OCBC Bank is having business in a lot of countries including Malaysia. OCBC Bank is now offering a wide variety of financial products and services to their customers to aid them in their financial needs.

Property Loans that provided by OCBC Bank

The services provided by OCBC Bank have included high demand property loans. There are many different property loans that you can apply from the bank. Among the loans that available are:

Commercial Property Loans

A credit facility to finance the purchase or refinance of commercial/industrial properties for your business use. Repayment mode is in fixed monthly installments of principal and interest with the interest calculated on a daily rest basis.

OCBC Bank provides funds covering up to *90% with MRTA with a repayment period of up to 25 years or up to the age of 60 and redraw feature.

Benefits
- Daily rest interest calculation
- Long loan tenure of maximum 25 years or up to the age of 60 years old
- No notice is required on extra payment to reduce your loan
- Flexible redraw option - capital repayment paid in can be taken out when in need of funds in the future.
- Flexibility of converting your term loan portion to overdraft when you require in future
- Choice of term loan or a combination of term loan plus overdraft
- Choice of “Fees paid by Bank” package if you require the bank to pay for your loan cost
- Financing for Mortgage Reducing Term Assurance (MRTA) premium is available
- Free Standing Instruction on monthly installment payment

Residential Property Loans

A credit facility to finance the purchase of residential properties for owner occupation or to refinance from an existing financier. Repayment mode is in fixed monthly installments of principal and interest with the interest calculated on a daily rest basis.

So, have you been shopping around lately seeking a credit facility to finance the purchase of your dream home? Remember, housing loan is a long term commitment. You need to find a package that gives you that feeling of contentment, where hunting for the lowest interest rates in town should no longer be dominating your pastime.

Benefits

- Daily rest interest calculation.
- Long loan tenure of a maximum of 40 years or up to the age of 70 years old.
- No notice is required on extra payment to reduce your loan.
- Flexible redraw option - capital repayment paid in can be taken out when in need of funds in the future.
- Flexibility of converting your home loan portion to overdraft when you require in the future.
- Choice of housing loan or a combination of housing loan plus overdraft.
- Financing for Mortgage Reducing Term Assurance (MRTA) premium is available.
- Free Standing Instruction on monthly installment payment.

Graduated Home Loan

Trade-in your room for your own home for the only RM299* a month.

It's not as far-fetched as you think. The wisdom of combining affordable repayments, a choice of variable or fixed rates with extended loan tenure makes homeownership easily affordable, even if you've only been in the workforce for 2 years.

Benefits
- Repayments start low - giving you room to breathe while you turn your new house into a cool pad.
- Affordable start-up repayments - loan commensurates with your earning capacity.
- Longer loan tenure - up to 40 years of age of 70, whichever is earlier.
- Choice of fixed or variable rate packages.
- Easy loan application.

Special Housing Loan Scheme

A credit facility to finance the purchase of low-cost residential properties up to RM 100,000 (Peninsular Malaysia) and RM 120,000 (East Malaysia) for owner occupation or to refinance from an existing financier. The repayment mode is in fixed monthly installments.

Benefits
- Long loan tenure of a maximum of 30 years or up to the age of 65 years old.
- No notice is required on extra payment to reduce your loan.
- Financing for Mortgage Reducing Term Assurance (MRTA) premium is available.
- Free Standing Instruction on monthly installment payment.

Home Xtra

A credit facility is given on top of your Housing Loan for your personal use. Repayment mode is in fixed monthly installments of principal and interest with the interest calculated on daily basis.

You have purchased your dream home and committed the first 10% on the down payment. All you need now is to furnish your home into one that is cozy and warm, fitting your lifestyle. With its hassle-free application, Home Xtra is just what you need to help you turn your house into a home!

Benefits

- Up to a maximum of RM150,000 *
- For your personal use, as you like *
- Daily rest interest calculation
- Loan tenure of up to 7 years
- No lock-in period *
- No processing fees
- Easy loan application

* Terms & Conditions apply

Ideal Mortgage

Ideal Mortgage is a credit facility that does not use the Base Lending Rate as a benchmark. It uses our very own Mortgage Lending Rate (MLR).

Benefits
- No lock-in *
- Flexibility to sell and upgrade your property
- Lower investment cost in the first 3 years

* Terms & Conditions apply

OCBC Bank Mighty Saver

If you are interested in the property loans and wish to find out more about OCBC Bank housing loan packages, you may try to contact OCBC Bank Call Centre agents at 1300 88 5000.

Visit any OCBC branches if you are interested in any of these property loans.