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OCBC Bank is one of the major banks from Singapore. It stands for Oversea-Chinese Banking Corporation Limited and is among the oldest banks in the country. The performance of the bank has been growing steadily over the years with a strong growth in 2017 when it recorded revenue of slightly more than USD10.1 billion.
OCBC Bank’s headquarters is in OCBC Centre in the central district of Singapore. The bank is almost a decade old where it opened its doors in 1932. Its primary service is in the financial sector where it provides all types of facilities for its individual and corporate customers. This includes:
As a financial services provider, OCBC is one of the most stable companies in the region. As such, Moody’s has rated OCBC Aa1 while it has an AA- rating from Standard & Poor as well as Fitch. The bank was established due to the Great Depression then when 3 major banks merged. This involved the Oversea-Chinese Bank Limited (which was incorporated in 1919), The Chinese Commercial Bank Limited (1912) and the Ho Hong Bank Limited (which was incorporated in 1917). It was in 1932 when the 3 banks merged that gave birth to the OCBC Bank we know today. The Global Finance magazine has always ranked OCBC Bank as the Top 5 Safest Banks in the world while for 2018-2019, it has been ranked the strongest bank in Singapore by The Asian Banker.
OCBC offers several types of products under their loan categories. Generally, OCBC Bank offers property and personal loans which are catered for the modern adult who is looking to build a better and more convenient financial management. Below are the various loans offered by OCBC Bank.
From OCBC Bank, you can enjoy several types of personal loan that gives you a lot of flexibility in terms of the amount you wish to borrow and the total term for repayment. Application for these loans is very efficient and convenient where you can enjoy quick cash depending on your needs.
When it comes to buying a vehicle, you can choose among the 3 types of loans to suit your needs. It is not always that when you apply for a vehicle loan that you would be buying a new car. This is where you can apply for a loan for reasons such as:
When you need to play your child or your own education, you can get a loan from OCBC to help with the tuition fees and other related expenses. This is where you can apply for either of the following:
When it comes to property loans, you can actually choose between the many types of packages available. In fact, it depends largely on what type of property you intend to buy and how long you plan to pay back. Whether it is private property, an HDB Flat or any other type of property, you can enjoy an attractive rate from OCBC. Another option that you can consider if you already own property is to get the refinancing loan. This might stretch your loan a bit longer but it helps to free up some cash while ensuring that you are able to continue paying back the loan.