Mortgage Overdraft - Loans

OCBC Group | Home | Login | SiteMap | Contact Us

Personal

Small and Medium Businesses

Corporate & Institutional

Loans

You're in : Home » Loans » Property Loans » Mortgage Overdraft

Mortgage Overdraft

Enjoy greater financial flexibility with our Mortgage Overdraft facility.
Mortgage Overdraft is a revolving line of credit secured against your private residential or commercial property. You can use it as a standby line of credit for your investments, emergency funds or any needs in mind.

Benefits

High Credit Limit

Total Loan Amount up to 70% of the appraised property value.

Interest Payment Only

Interest is charged on the used amount only.

Attractive Interest Rates

Enjoy attractive interest rate at Prime + 1.5% p.a.

Eligibility

Minimum income of S$24,000 p.a. (Bonuses, commission, overtime and other income sources can be taken into consideration at the Bank's discretion.)

Individuals aged between 21 to 65 years old.

Singapore Citizens, Permanent Residents and Foreigners may apply.

Documents Required

When submitting your application, please provide copies of the following:

Latest computerised payslip.

Latest income tax assessment (submit two years' returns if you are self-employed).

CPF Statement of Account (if you are using CPF Funds).

Sale & Purchase Agreement of existing property.

Statement of CPF withdrawn under Residential Properties Scheme (RPS).

Current Home Loan Statement (if upgrading/refinancing existing property).

How To Apply

To apply, please visit any one of the OCBC Bank branches or call our Customer Service Officers at 1800 4386088.