OCBC Standard Housing Loan

A variable-rate housing loan offers flexible repayments, cash withdrawal and credit facility for personal use. Enjoy life insurance financing or MRTA for added comfort.

OCBC Standard Housing Loan
Up to 35 years
Interest Rate
from 4.45% p.a.
Loan type
Semi-Flexi loan
Interest Type
Floating interest rate
Lock In Period
3 years
Margin of finance
up to 90%

Interest Rate

The interest paid based on the home loan amount borrowed

You borrowEstimated Interest Rate
more than RM100,0004.45% p.a.
*Effective interest rate will be determined by OCBC upon approval.


Minimum Age
  • 18 to 70 years old
Who can apply
  • Any nationality
  • Salaried employee
  • Self-employed

Fees & Charges

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
Processing Fee
Early Settlement Fee
Subject to terms of agreement with the bank
Redemption Letter Fee
RM50 per request
Letter for EPF Withdrawal Fee
RM20 per request
Insurance Types
  • MRTA

More Information

What can I get from this housing loan?

A slew of benefits is packaged in this standard housing loan from OCBC. 

First off, you will enjoy the convenience of fixed instalment payments until the end of your financing tenure, which is up to 35 years, at a competitive mortgage lending rate. 

Moreover, OCBC allows you to make prepayment or advance payments (principal + interest) every month. You also get to redraw excess money you have deposited into your mortgage account (for prepayment mode).

The perks don't end just there. 

As an added value, you will be given a credit facility (Home Xtra) worth up to RM150,000 for personal use. You can think of it as an overdraft or personal loan but much easier to apply, with no lock-in period and no processing fee.

Interestingly, you don't need to worry about the costs of obtaining miscellaneous services such as legal and property valuation as it is borne by OCBC in addition to the Stamp Duty fee. These documentation costs can be financed together with your OCBC home loan.

How does OCBC Standard Housing Loan work?

As it is a semi-flexi mortgage, you can stash in extra cash on your principal loan amount to reduce the interest charge, which is calculated on daily rest. This way, you get paid less on the interest and concentrate more on paring down your principal amount.

Plus, no notice is required for the prepayment made, just head to any OCBC branch to make this capital repayment. Do note that you can only pay by cheque or cash via CDM (cash deposit machine) or OTC (over the counter).

Where can I perform monthly instalment payments?

For monthly loan payments and advance payments, OCBC accepts your money from all payment channels, whether ATMs, Online Banking, Mobile Apps, IBG or OTC. 

And to make capital repayment or settlement, you need to walk in at any OCBC branch to do so.

What insurance plans come with this home loan?

Compulsory Fire Insurance is required to protect your house and family from a nasty inferno. 

As for mortgages, there are two types of optional insurance you can choose from which are life insurance financing or MRTA. 

For the latter, it helps to pay off the remainder of your housing loan if the unexpected happens to you, so your family members won't have to bear the repayment liability. 

Or you can get your life insurance to back up your outstanding mortgage by financing your annual premiums (available only for Great Eastern policyholders).

What documents does OCBC require for this home loan application?

Salaried employee:

  • Copy of IC (front and back) or the latest valid passport and Visa / Work Permit / Employment letter
  • Latest 3-months salary slips
  • Latest EA From with tax payment receipt / e-BE Form acknowledged by LHDN
  • Latest 6-months Bank Statement


  • Copy of IC (front and back) or the latest valid passport and Visa / Work Permit / Employment letter
  • Business Registration Certificate – Form 24 and Form 49
  • Latest 6-months bank statements
  • Latest 2-year BE form with tax payment receipt
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