How do I pay back the money?
Just like a personal loan, OCBC Call-for-Cash requires you to pay monthly instalments as determined by your chosen repayment period and cash borrowed. Withdraw cash from your available credit limit and repay in affordable monthly instalments over 12-36 months.
What if I fully settle the balance before its maturity?
There is no penalty for early settlement. In fact, interest charged will be refunded for the remaining tenure not being charged.
What if I fail to fulfill my obligations?
This is a definite no-no when you borrow money from the bank. Late payment penalty charges will be imposed with a maximum of 1% of the outstanding balance or RM10, whichever is higher up to a maximum of RM85. Also, usual credit card interest rates will be charged on the overdue amount not paid in full.