Life does not constantly go based on plan — really it never ever does. As well as in those circumstances, you’d preferably spend money savings to manage unexpected costs. But that’s not necessarily likely to be the situation. Often, we must borrow tiny amounts to manage emergencies and carry on.
In these circumstances, it is tempting to make use of your credit card’s cash loan function. This allows you to withdraw element of your card’s credit restriction in cool hard cash, as though it had been a debit card. While what this means is having cash readily available in minutes, payday loans come with greater costs and high rates of interest in the event that you can’t repay the total quantity by the due date.
But just what in easy monthly instalments at a low interest rate if you could borrow cash from your credit card’s available credit limit, and repay it?
You can do exactly this with the OCBC Personal Loan if you already have an OCBC credit card. Continue reading