OCBC Standard Housing Loan

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

    • 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 RM1000004.45% p.a.

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

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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
RM10.00 for each withdrawal
Processing Fee
No Fee
Early Settlement Fee
Subject to terms of agreement with bank
Redemption Letter Fee
RM50.00 per request
Letter for EPF Withdrawal Fee
RM20.00 per request
Insurance Types
  • MRTA


Are you eligible for this OCBC home loan?

Minimum age
18 years old
Maximum age
70 years old
Who can Apply
  • Any nationality
  • Salaried employee
  • Self-employed

Frequently Asked Questions about OCBC Standard Housing Loan

Things you might want to know

What can I get from this housing loan?

A slew of benefits are packaged in this standard housing loan from OCBC. First off, you will enjoy the convenient of fixed instalment payment until the end of your financing tenure, which is up to 35 years, at a competitive mortgage lending rate. 

Moreover, OCBC allows you make prepayment or advance payment (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, 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 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 interest charge, which is calculated on daily rest. This way, you get pay less on the interest and concentrate more on paring down your principal amount.

Plus, no notice is required for prepayment made, just head to any OCBC branches 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 payment?

For monthly loan payment and advance payment, OCBC accepts your money from all payment channels, whether ATMs, Online Banking, Mobile Apps, IBG or OTC. To make capital repayment or settlement, you need to walk in at OCBC branch to do so.

What insurance plans that come with this home loan?

A compulsory Fire Insurance is required to protect your house and family from a nasty inferno. As for mortgage, there are two types of optional insurance you can choose from: 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 do OCBC require for this home loan application?

Salary employee:

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

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