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Case Study: A Visit To The OCBC Bank

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Loan product offerings and its related services (OCBC)
Discuss the fact findings approach used
The fact finding approach that I have used for my research is to visit the OCBC bank. During my visit, I have found out that their loan products are being categorized into 2 main categories which are personal and corporate loans. For personal loans, loans are further classified into personal and Home & Property loans.
Personal Loans
For personal loans, they are usually smaller loans for personal use. Their personal loans include cash loans, car financing and study loans.
There are three different types of loans for car financing which includes new car financing, used car financing and car refinancing. There are loans where borrowers get their cash …show more content…

It is a loan whereby borrowers can borrow money from the bank to further their education. Both the loans work differently in terms of its repayment period and interest rates. Tuition fee loans have a more flexible repayment option whereby borrower can either pay through instalments or pay immediately after they have found a job. However for education loans the borrower is only restricted to pay back their loans within 8 years.
Home & Property loans is another category of personal loans that they offer. They are loans for home, renovation, overseas property and construction loans.
Home loans are loans that borrower takes up to buy houses. They are secured loans where their houses are collateral and act as a form of deposits if the borrower default their payment.
Renovation loans and construction loans are another form of Home & Property loans that OCBC offers. They have attractive interest rates. However, in order to be eligible for the renovation loan, the borrower have to earn at least $24,000 per year because it is an unsecured loan so OCBC have to ensure that borrowers have the ability to pay to reduce the risk of them defaulting their payment.
Corporate …show more content…

It includes collateral-free loans, commercial property loans, equipment and machinery financing, business receivable financing, overseas financing and business purchase financing.
Collateral-free loans consists of business first loan, business term loan and business overdraft loan. They are unsecured loans for borrowers to finance their business. Business first loans are loans that give your business a head start and it has a loan approval of within one day. Business term loans on the other hand provides businesses with immediate funds for financing. Businesses can make repayment in monthly basis for up to 5 years. Business overdraft provides a revolving line for maximum flexibility with access to funds whenever the business needs it and interests are being charged based on outstanding

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