OCBC unveils financial programme for SG’s 36,000 property agents

It offers preferential home rates and bonus interest, amongst others.

OCBC has launched OCBC PartnerCare, a financial and personal wellness programme aimed for the financial needs of property agents in Singapore.

The programme, valued at up to $5,000 per year per agent, offers preferential home loan rates, discounts on Great Eastern insurance plans, bonus interest on referral fees credited to an OCBC 360 account, and access to physical and mental wellness events.

Over a third of property agents in Singapore who are already registered with OCBC for the purpose of making home loan referrals have been automatically enrolled in the programme.

There are over 36,000 property agents in the Lion City, according to OCBC. Being self-employed, property agents may not have access to benefits and privileges that some organisations avail to their full-time employees– a gap that OCBC PartnerCare aims to address. 

Singapore Estate Agents Association and property agencies, including PropNex Realty and ERA– reportedly the top two agencies by size of agency force– have come onboard to promote the programme.  

“[As] property agents are self-employed, they often miss out on certain benefits. Hence, we introduced the OCBC PartnerCare programme to close this gap. The programme draws on the strengths of OCBC Group, including not just banking benefits, but also trading and insurance benefits," said Sunny Quek, head of Global Consumer Financial Services, OCBC.

"We will monitor the programme to ensure that the offerings meet property agents’ evolving needs, and if the programme is well-received, we will consider expanding the programme beyond property agents to even more of our partners," he added.