How to Apply for Early Repayment of OCBC Personal Loan

Yes! OCBC personal loans support early repayment with no prepayment penalty.

Early Repayment Rules:

• No additional fees for early repayment
• Can be partial or full repayment
• Apply at least 7 working days before planned repayment date

Application Process:

1. Contact OCBC customer service (hotline or email) with your loan account number and planned repayment amount
2. Customer service will confirm the early repayment amount (remaining principal + accrued interest)
3. Complete the transfer before the agreed date
4. System updates loan status after payment is credited

After Partial Early Repayment:

• Option 1: Keep monthly payment unchanged, shorten tenure
• Option 2: Keep tenure unchanged, reduce monthly payment