Arcachon
10-06-20, 08:23
OPTION B: 3MONTH SIBOR (2 YEARS PENALTY PERIOD)
(For completed properties, min $200K Loan outstanding)
Yr 1: 3 Month SIBOR + 0.63%
Yr 2: 3 Month SIBOR + 0.63%
Thereafter: 3 Month SIBOR + 0.63%
Partial Redemption Penalty:
Nil.
However, if loan outstanding fall below $200,000 after partial prepayment within 2 years from date of conversion, a penalty of 1.50% on prepaid amount will be imposed.
Partial Prepayment is subject to 1 month written notice.
Full Redemption Penalty:
1.50% on redeemed amount within 2 years from date of conversion. 50% redemption penalty waived due to sale.
1 free conversion (min. outstanding loan of $100k) after 24 months from date of conversion.
Full redemption is subject to 3 months written notice.
SIBOR refers to the Singapore Interbank Offered Rate. It is the rate at which banks lend to one another and is set daily by the Association of Banks in Singapore (ABS).
Your actual 3 month SIBOR rate will be determined on effective date of conversion for the loan.
Upon the expiry of each Interest Period, the loan outstanding as at that date will be rolled over for another 3 months at an interest rate based on the 3 month SIBOR prevailing as at date of rollover.
· The above packages are available at this point in time and subject to change without prior notice at the management’s discretion.
· The interest rate structure and the other terms and conditions of our loan packages are subject to change from time to time.
· The above does not constitute an offer by the bank. Terms and conditions apply.
· The information contained in this email is intended only for the use of the individual or entity named above and not for circulation.
(For completed properties, min $200K Loan outstanding)
Yr 1: 3 Month SIBOR + 0.63%
Yr 2: 3 Month SIBOR + 0.63%
Thereafter: 3 Month SIBOR + 0.63%
Partial Redemption Penalty:
Nil.
However, if loan outstanding fall below $200,000 after partial prepayment within 2 years from date of conversion, a penalty of 1.50% on prepaid amount will be imposed.
Partial Prepayment is subject to 1 month written notice.
Full Redemption Penalty:
1.50% on redeemed amount within 2 years from date of conversion. 50% redemption penalty waived due to sale.
1 free conversion (min. outstanding loan of $100k) after 24 months from date of conversion.
Full redemption is subject to 3 months written notice.
SIBOR refers to the Singapore Interbank Offered Rate. It is the rate at which banks lend to one another and is set daily by the Association of Banks in Singapore (ABS).
Your actual 3 month SIBOR rate will be determined on effective date of conversion for the loan.
Upon the expiry of each Interest Period, the loan outstanding as at that date will be rolled over for another 3 months at an interest rate based on the 3 month SIBOR prevailing as at date of rollover.
· The above packages are available at this point in time and subject to change without prior notice at the management’s discretion.
· The interest rate structure and the other terms and conditions of our loan packages are subject to change from time to time.
· The above does not constitute an offer by the bank. Terms and conditions apply.
· The information contained in this email is intended only for the use of the individual or entity named above and not for circulation.