OCBC Housing loan


Oversea-Chinese Banking Corporation (OCBC) Limited Housing Loan

OCBC Standard Housing Loan is a semi flexi home loan that based on the Base Rate. The loan feature a 4.55% interest rate and 3 years holding period for loan below RM 500,000, and another feature for loans exceed RM 500,000 comprising a 4.50% interest rate and a no lock in period. Whereas borrowers applying for the loan below RM 500,000 are charges with 3% of settlement penalty fee, borrowers applying for the loan exceeding RM 500,000 are clears from the early settlement fee and able to refinance or sell their property.

The home loan also helps the borrowers to renovate or refurbish properties during their home loan tenure with finance up to 30% of borrower’s property value. The minimum amount of capital repayment for the semi flexi home loan is RM 1,000 that can only be made via cash deposit, cheque or over the counter at any OCBC branch. The semi flexi home loan also allows a minimum withdrawal of RM 5,000 that will be charges RM 10 each time for the transaction.

Graduate Home Loan is another home loan from OCBC caters to the young Diploma or Degree graduated working adults for their first house. The home loan comes with variable pricing, flexibility or a combination of both that start with low repayment for the first 5 years which gradually rises in tandem. Both home loans have a financial margin of up to 90% of the property value with tenure up to 35 years or till borrowers is 70 years of age whichever comes first.


The loan needs the borrowers to be at least 18 years old to 70 years old by the end of financing and is open to any nationalities.


OCBC property loan requires a 1% per annum for any delayed payments, a 2% for the early settlement fee from the remaining balance and RM 50 for the redemption letter fee, a 3% for the late penalty fee from outstanding amount and RM 20 for letter for EPF withdrawal fee per request.


These documents are needed to apply the loan

  • A copy of an application form
  • A copy of NRIC or Identity Card
  • A copy of sales and purchase, letter of offer or booking receipt from the developer
  • A copy of individual title deed
  • Copy of property valuation reports for completed or built properties
  • Latest copy of 3 consecutive months salary slips
  • Latest copy of EA Form with tax receipt or e-Be Form acknowledged by LHDN
  • Latest copy of 6 to 8 months bank statements
  • A copy of business registration certificate Form 24 and Form 29
  • Latest copy of 2 years BE Form with tax receipt acknowledged by LHDN