What credit score do I need to qualify?
Minimum Credit Score: 550
OCBC accepts applications from borrowers with fair credit and above.
Credit Score Tiers and Rates:
| Credit Score | Rating | Typical APR |
|---|---|---|
| 750+ | Excellent | 2.48% - 4.99% |
| 700-749 | Good | 4.99% - 6.99% |
| 650-699 | Fair | 6.99% - 8.99% |
| 550-649 | Poor | 8.99% - 11.99% |
If Your Score is Below 550:
- Consider applying with a co-signer
- Work on improving your credit before applying
- Start with a smaller loan amount
Note: Credit score is just one factor. Income, employment stability, and debt-to-income ratio also matter.
