Loan Services

Financing options for new homebuyers

Credit Facility
(Home Xtra)

  • This is given on top of your housing loan
  • Maximum of RM150,000*
  • For your own personal use, as you like*
  • No lock-in period*
  • Daily rest interest calculation
  • Term can be as long as 7 years
  • No processing fee
  • Easy loan application

*Terms & conditions apply

Life Insurance Financing for Home Loans

  • Get your annual premium life insurance policy (to be used to cover your outstanding mortgage) financed
  • No initial out-of-pocket cost
  • Best for those that have had to pay large down-payments, renovations or other expenses to purchase a home
  • Minimum period financed is 5 years
  • For whole-life & term life policies underwritten by Great Eastern
  • Not applicable to Syariah-based loans

Legal, Valuation & Stamp Duty Financing

  • When you receive an OCBC home loan, you need not pay up-front cash for fees incurred on the loan documents (legal fees, valuation fees and stamp duties)
  • All fees arising from the loan facility can be financed together with your OCBC home loan
  • These fees will comprise part of the home loan amount, and will be disbursed to the appointed solicitors, valuers and stamp duties offices upon the first release of the housing loan

Mortgage Level Term Assurance (MLTA)

  • A level term insurance for added protection of your home
  • Sum assured payable is constant until policy ends
  • Option to select refund of premium rider upon policy maturity
  • One-time payment covers the entire loan duration
  • Age between 17 and 70

Mortgage Reducing Term Assurance (MRTA)

  • A reducing term insurance for added protection of your home and family
  • Pays off remainder of housing loan if the unexpected happens to the loan borrower
  • Helps you and your family avoid serious financial liability
  • One-time payment covers the entire loan duration
  • Age between 17 and 70