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OCBC Special Housing Loan Scheme

The Special Housing Loan Scheme by OCBC Bank offers you financing for low cost residential properties. Read further to learn more about this scheme.

Maximum Loan Amount Peninsular Malaysia - Up to RM250,000. East Malaysia – Up to RM300,000.
Type of Financing Standard.
Loan Tenure Up to 30 years or 65 years of age, whichever is earlier.
Interest Rate Base rate + spread (current base rate (BR) is 4.08% p.a.).

Features and Benefits

  • Get up to RM250,000 for financing for low-cost residential properties in Peninsular Malaysia.
  • Get up to RM300,000 for financing for low-cost residential properties in East Malaysia.
  • Financing for Mortgage Reducing Term Assurance premiums is available.
  • Get free standing instructions on monthly instalments.

Fees and Charges

Processing Fee Waived.
Legal Document Charges RM10 per document.
Stamp Duty As per Stamp Duty Act 1949.
Late Payment Charges 1% p.a. on the monthly arrears.

Required Documents

Applicants
  • 1 copy of NRIC (both sides).
  • Bank statement.
  • Payslips.

How to Apply

Telephonic Application
  • Contact the bank’s contact centre.
  • Express your interest to apply for the specific loan.
  • A representative of the bank will assist you with the application procedure.
Offline Application
  • Visit the nearest branch.
  • Request for an application form for the specific loan.
  • Fill up the application form.
  • Submit the filled form and the mandatory documents.

OCBC Special Housing Loan Scheme is ideal for those who are looking for residential properties at affordable rates. Go through the scheme’s features as well as fees and charges before applying for this loan.

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