OCBC Balance Transfer

Balance Transfer with low interest rate. Transfer a minimum of RM1,000 outstanding balance from another bank’s credit card to your OCBC Credit Card.

OCBC Balance Transfer
Best Interest Rate
1.88% p.a.
Minimum Transfer
RM1,000
Max Duration
12 months
Related products
Choice of up to 0 cards

Low Interest Plans

Transfer your debt now to enjoy special low interest fees each month!

Pay OverWith Interest Rate AtWhen You Transfer
6 months1.88% p.a. and  no one-time upfront handling feefrom RM1,000
12 months3.88% p.a. and  no one-time upfront handling feefrom RM1,000

Fees & Charges

Minimum Monthly Payment
RM50 or 5% of outstanding amount
Early Termination Fee
None

How to apply

Stay afloat in the vast ocean of your credit card debts with OCBC Balance Transfer.

Submit an online application via OCBC online banking and you may receive promotional interest rates. Or call 03 8317 5000 to apply now.

More Information

New cardmembers of OCBC will enjoy a low interest rate of 1.88% p.a. on the balance transfer amount, subject to terms and conditions. Transfer your outstanding credit card balances to OCBC credit card now.

How does OCBC Balance Transfer work?

Now with OCBC Balance Transfer, you can transfer your outstanding credit card balances from other banks. You can easily track your monthly repayments with OCBC internet banking.

Gain more freedom and transfer up to 80% of your total available credit line, with 6-month or 12-month repayment period, slashing your credit card interest rate to more than half! The minimum transfer amount is RM1,000.

See table below for the interest rates:

Interest RateTenureEligibility
1.88% p.a.6 monthsNew & existing cardmembers
3.88% p.a.12 monthsNew & existing cardmembers

How much do I need to pay a month?

You can opt to make monthly repayments in full, which includes interest. Otherwise, you can make the minimum repayment at 5% of the outstanding amount or RM50, whichever is higher.

What if I make the monthly repayment after the due date?

Late payment will result in 1% charges of the outstanding amount or RM10, whichever is higher. But fret not, in case you forget to make your repayments the maximum charges are capped at RM100.

Are there any charges on unpaid monthly repayment?

There are no ‘charges’. However, your interest rate will be reverted to the highest rate of 18% p.a., which defeats the purpose of taking up a low interest balance transfer in the first place!

Can I make an early settlement before maturity?

Yes, you can. One of the best parts of OCBC Balance Transfer is that there is no penalty on early settlement, neither a processing fee.