• Interest Rate (p.a)


  • New Base Rate


  • Loan Type

    Flexi Loan

  • Lock in Period

    3 years

Loan calculator
Loan amount


Loan Tenure (years)
Interest Rate (p.a)


Monthly Repayment


Whats so great about OCBC Home Loan?
  • Zero Lock-in-Period for loans over RM500,000
  • Excellent after sales service
  • Daily rest calculated based on 365 days to reduce interest repayments


Loan Tenure: Up to 35 Years
Margin of Finance: 90% + 5% for MRTA financing with Great Eastern Insurance
Suitable for: Completed & under-construction properties, refinancing

Product Review by iMoney

Is an OCBC Home Loan Right for Me?

OCBC has two major home loan products, Ideal Mortgage and the Standard Housing Loan. In terms of pricing, the Standard Housing Loan are pegged to Malaysia’s BR, the benchmark lending interest rate. The Ideal Mortgage is pegged to the Mortgage Lending Rate, a benchmark interest rate for mortgage lending. Currently, there is no difference between the final pricing of both packages despite the different benchmark rate. Both OCBC’s flagship packages are semi-flexi home loan package with lock-in flexibility. OCBC Home Loans have a 3 year lock in period (relatively low) for loans below RM500,000. For loans exceeding RM500,000, there is no lock-in period, which allows borrowers to refinance or sell their home/ property without incurring an early settlement penalty. For borrowers with the lock-in period, a 3% settlement penalty applies. OCBC is known for market leading customer service practices, emphasising quick customer follow-up, a highly accessible customer hotline, and special home improvement packages offered to existing OCBC customers. Borrowers are able to borrow an additional 30% of property value to renovate or refurbish their homes during their home loan tenure, which is an interesting long term customers. The highlight of this OCBC home loan product is you can make payment on your loan principal in order for you to pay less interest. Whenever you make your payment on OCBC home loan, you must state that is for capital repayment. This kind of payment only can be made by cheque, cash deposit or over the counter at any OCBC branch. Take note that you cannot make a capital repayment through online transfer. OCBC also offers a Graduated Home Loan programme catering to young working adults who are first time home buyers. This OCBC home loan gives you repayments that start pretty low. Borrowers are offered the flexibility of fixed or variable pricing (or a combination of both). Affordable starting repayments (interest only repayments) enable young homebuyers to ease into the home loan repayment and financial management process.Other OCBC packages includes a special housing scheme for lower value properties and overseas property financing. OCBC home loan packages provide a margin of financing of up to 90% + 5% for loan tenures of up to 35 years (in accordance to the latest ruling by Bank Negara Malaysia) or age 70 whichever is earlier. Extra 5% financing for MRTA is possible, provided the borrower purchases a policy from Great Eastern Insurance.

OCBC Home Loan Packages

OCBC offers 3 main packagesan array of home financing packages to suit different individual needs: Home Loans, Skim Rumah Pertamaku (My First Home Scheme), Special Housing Loan Scheme and Overseas Property Financing. Thee key features of the packages are highlighted in the table for your comparison.
Product Key Features Is this a flexi package?
Ideal Mortgage & Standard Housing Loan
  • Lock-in period only for loans under RM500,000
  • Ideal Mortgage peged to Mortgage Lending Rate (MLR)
  • Standard Housing Loan pegged to BR
Yes, semi-flexi
Graduated Housing Loan
  • Affordable starting repayments
  • Easy application
  • Fixed or variable interest options
Yes, semi-flexi
Special Housing Loan Scheme
  • For applicants with one house only
  • Choose from fixed or variable rate
  • Only for properties up to RM100,000 in Peninsular Malaysia and RM120,000 in East Malaysia
Yes, semi-flexi
Overseas Property Financing
  • Home loan for residential properties in UK and Australia
  • Loan account calculated in Ringgit to mitigate currency exchange risks
  • Options to repay and redraw to suit borrower's financial strategies
Yes, semi-flexi

Details of OCBC’s Flexi Home Loan Packages

Flexi home packages allow borrowers to make extra repayments every month in order to reduce their monthly interest charges. These packages come with requirements, fees and conditions that should be considered alongside their benefits.
Ideal Mortgage & Standard Housing Loan Graduated Housing Loan Special Housing Loan Scheme Overseas Property Financing
Flexi type Semi-flexi Semi-flexi Semi-flexi Semi-flexi
Is a linked bank account required? No No No No
Account Maintenance Fees No No No No
Redrawal Fees RM10 RM10 No RM10

Am I Eligible for an OCBC Home Loan?

OCBC Home Loan is available for all Malaysians above 21 years of age. If you want to apply through the Skim Rumah Pertamaku (My First Home Scheme), you have to be below age 35.

What Documents Will I Need to Prepare?

If you have applied for an OCBC Home Loan, you will be asked to provide some supporting documents in order for the bank to process your application. These documents are listed below: * Application Form * NRIC / Identity Card * Copy of Sales and Purchase or Booking Receipt or Letter of Offer from Developer * Copy of Individual Title Deed * Property Valuation Report (for completed properties) * Latest 3 consecutive months of salary slips / vouchers * Latest 6 consecutive months of commission statement * Latest EPF statements (with 3 consecutive months or more transaction history) * Latest EA form * Latest 6 months Bank Statement * Letter of Confirmation of Employment and Remuneration

Sounds Great! How Should I Proceed?

You can use the OCBC Bank home loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and we will call you back. Applying for a home loan with iMoney is absolutely free of charge. If you are not sure whether this home loan by OCBC Bank is your best option, click here to compare other home loans in Malaysia.

Is It Easy to Repay my OCBC Home Loan?

OCBC has a national branch network, although not as large as many of the local banks. However, there are many convenient methods of payment which does not require walking into a branch. Keep in mind that OCBC only finances properties in a town or city where an OCBC branch is present. Online Transfer : Transfer funds from your OCBC Savings or Checking accounts to make your payments online MEPS : Pay your loans at any of the MEPS ATMs (over 5,000) nationwide Interbank GIRO : Pay your loans through the Interbank GIRO fund transfer at the participating bank’s branch or through online banking Standing Instruction Facility : Automatic deduction from your bank account every month OCBC ATMs : Transfer funds from your OCBC Savings or Checking accounts to make your payment at all OCBC branches Express Payment machine : Make a check or cash deposit at OCBC branches Payment by Mail : Mail to OCBC with your check and statement enclosed in an envelope Phone Banking : Issue instructions to have your bank account deducted to pay for your home loan with your T-PIN Mobile Banking : Repay your loan easily from everywhere just using OCOC’s mobile banking application
If you are looking for other home loans, you may also consider
CIMB Bank Home Loan : The housing loan rate from CIMB Bank starts from Base Rate (BR) 4.00%. There is available the option of a flexi loan package and a 90% margin of financing. The lock-in period for the housing loan is 3 years. Maybank Home Loan : At Maybank, the mortgage rate starts from Base Rate (BR) 3.20%. It does come with the option of a flexi loan package and there is a maximum of 90% margin of financing. There is a 3 year lock-in period for this mortgage. Citibank Home Loan : Citibank provides a home loan rate starting from Base Rate (BR) 3.70%. The option of a flexi loan package is available and there is a maximum of 90% margin of financing. The lock-in period for this home loan is 6 years.