OCBC Standard Housing Loan

Ultra flexible home loan packages from OCBC are tailormade for you - reduce your interest by making payments against your loan principal

    • Up to 35 years
    • Semi-Flexi loan
    • Floating Interest Rate
    • 3 years lock in period
    • Up to 90% margin of finance
  • You BorrowEstimated Interest Rate
    more than RM1000004.55% p.a.

    *Effective interest rate will be determined by OCBC upon approval.

Apply online now for OCBC Standard Housing Loan

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Fees & Charges

There are always fees but how much are they?

Late Penalty Fee
1% p.a. of the outstanding amount
Withdrawal Fee
RM10.60 for each withdrawal
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM53.00 per request
Letter for EPF Withdrawal Fee
RM21.20 per request
Insurance Types
  • MRTA

All fees & charges are inclusive of 6% GST if applicable


Are you eligible for this OCBC home loan?

Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Any nationality

Frequently Asked Questions about OCBC Standard Housing Loan

Things you might want to know

What do I need to know about OCBC Home Loans?

OCBC offers three basic housing loans in Malaysia: Graduated Mortgage, Ideal Mortgage and Standard Housing Loan. Each one offers different benefits that can be summarised as follows:

OCBC Graduated Mortgage

A home loan package aimed at first home buyers with a choice of fixed and variable rates, and repayments that start low.

OCBC Ideal Mortgage

A finance agreement for people that might want to sell on and change homes during their mortgage term, this home loan is linked to the Mortgage Lending Rate and is available in flexible and lock-in form.

OCBC Standard Housing Loan

With a variable interest rate linked to the Base Rate ( BR) this home loan offers extremely flexible terms on repayment, including the ability to reduce your principal with advance payments. You could save a potential fortune on interest payments.

How can I get a lower interest rate on an OCBC home loan?

That's simple, with this mortgage you can make a payment on your loan principal. By reducing the principal (the amount of money you borrowed to buy your house) you will pay less interest. 

When you make your payment you must state that it is for capital repayment. You can only make this kind of payment by cheque or cash deposit, or over the counter at an OCBC branch. The minimum amount for each capital repayment is RM1000. Please note that you cannot make a capital repayment via online transfer.

How can I withdraw surplus cash from my mortgage?

If you have banked-in extra money as a capital repayment you can withdraw it whenever you want. The minimum withdrawal is RM5000 and the bank charge is RM10 each time you take money out of your mortgage.

Do I have to buy insurance with this home loan?

There's no getting around it, taking out Fire Insurance policy is compulsory. The premium is payable annually and the bank will automatically renew the policy at each anniversary. If your property is a condominium you should also have group fire insurance.

You will have to purchase MRTA, which settles your outstanding mortgage should anything happen to you. The one-off premium is computed based on your age, loan/financing amount, loan tenure, and interest rate.

What documents do I need when I make a home loan application?

If you are an employee earning a salary:

Copy of MyKad (front and back) or latest valid passport and Visa / Work Permit / Employment letter
Last 3 consecutive month's salary slips
Latest EA From with tax receipt duly acknowledged by LHDN, or e-BE Form acknowledged by LHDN
Last 6 month's Bank Statement

If you are self-employed:

Business Registration Certificate – Form 24 and Form 49
Last 8 month's bank statements
2 year's BE form with tax receipt acknowledged by LHDN

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