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Thread: Singapore interest rates likely to fall further

  1. #1
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    Default Singapore interest rates likely to fall further

    March 24, 2008

    Singapore interest rates likely to fall further

    Fed cut and robust Sing$ could push interbank lending rate below 1%

    By Nicholas Fang


    SINGAPOREANS can expect cheaper mortgages but lower savings and fixed deposit rates in the months to come.

    This is after a move by the United States Federal Reserve to slash a key US interest rate last week.

    The Fed had cut three-quarters of a point off its federal funds rate, bringing it to 2.25 per cent, to fight a mushrooming credit crisis and a slowing US economy.

    Economists in Singapore said the lowering of the Fed funds rate will have a knock- on effect in the Republic.

    The Singapore Interbank Offered Rate (Sibor), or the rate at which banks lend to one another, tends to track the Fed rate.

    Citigroup economist Kit Wei Zheng said: 'For Singapore rates, the trend is downwards. We expect the Fed to cut its rate to 1 per cent and Singapore should follow with a lag.'

    He lowered his forecast for the Sibor, estimating it would fall to as low as 0.75 per cent by the end of the third quarter, down from an earlier estimate of 1 per cent.

    A recent report by DBS Group Research also forecast the Sibor would fall, to 0.83 per cent in the second quarter, and remain at that rate through the second half before rising next year.

    The three-month Sibor fell to a 12-month low of 1.25 per cent last Monday, before recovering to 1.425 per cent on Thursday, ahead of the Good Friday public holiday.

    Mr Kit said Singapore rates were also affected by the Singapore dollar's appreciation against the US currency. He said the Singdollar is most probably at the top end of the secret trade-weighted band within which the Monetary Authority of Singapore (MAS) guides the currency.

    'With the Singdollar expected to continue appreciating, MAS will aim to moderate it by flooding the market with liquidity, which will in turn pressure interest rates downwards,' he said.

    OCBC economist Selena Ling said another consequence of the strong Singdollar would be a high inflow of foreign capital into the Republic. 'This can also contribute to lower interest rates.'

    For consumers, the net result is both good and bad.

    Banks recently embarked on a mortgage loan war, with Maybank firing the first salvo last month with an aggressive three-year, fixed-rate package offered at 1.68 per cent for the first year.

    DBS Bank and United Overseas Bank (UOB) have also unveiled attractive packages. UOB has one that offers a zero rate in the first year.

    And with Sibor-linked home loan package rates likely to head south too, it could be a good time to refinance mortgage loans, experts said.

    A DBS spokesman said: 'DBS offers transparent mortgage rates pegged to the Sibor and the CPF Ordinary Account rate, so our rates will move in tandem with market forces.'

    But there is also the possibility that savings and fixed deposit rates could slump as interest rates go down.

    OCBC's vice-president for group wealth management, Mr Fabian Lum, said the bank would review its deposit rates to keep them in line with prevailing market conditions.

    And while the bank has not changed its savings rate recently, it lowered its 12-month fixed deposit rate for amounts between $50,000 and $1 million to 1.2 per cent a year from 1.4 per cent earlier this month.

    DBS said that its savings deposit rates had not been adjusted since 2005, but added that its fixed deposit rates are always pegged to the interbank rate and would thus be adjusted accordingly.

    CIMB-GK economist Song Seng Wun said that the low interest rates did not reflect a lack of liquidity on the part of banks. 'The loans-deposit ratio is still very strong, so banks definitely have the money to lend,' he said.

    'But I think there is greater caution now, after what has happened in the US with the sub-prime crisis, and people are much more cautious nowadays when it comes to borrowing and lending money.'

    [email protected]

  2. #2
    Unregistered Guest

    Default Re: Singapore interest rates likely to fall further

    can i know if taking the dbs offer of sibor plus 1.25 for the next 3 yrs a good offer

  3. #3
    Unregistered Guest

    Default Re: Singapore interest rates likely to fall further

    Quote Originally Posted by Unregistered
    can i know if taking the dbs offer of sibor plus 1.25 for the next 3 yrs a good offer
    U can checked with a few more banks. some banks offer a lower SIBOR + XX than the one you mentioned. Also, DBS gives lower rate than the one you mention (+1.25%). Why not you check with the bank again.

  4. #4
    Unregistered Guest

    Default Re: Singapore interest rates likely to fall further

    Hi All,

    I am a mortgage consultant that has been accredited by the Mortgage Finance Association of Singapore (MFAS). I do not charge my clients any fees because the banks pay me a referral fees. I believe that I add more value than most of the property agents because I have a larger panel of banks than they do, and I do comparative analysis for my clients instead of just asking the individual bankers to call them. If you are very busy with work and spending time with family, do you want to deal with 10 bankers from different banks?

    I have access to rates that are unpublished on the banks' websites. Can you imagine how much time you can save by using my free service?

    I welcome people to ask me for advice even if they do not get the loan from me. My aim is to build up my client base through recommendations.

    Below are the attractive packages of Banks A, B, C, D, E and F. All three big local banks are included below. There are packages suitable for people currently within or without lock-in.

    BANK A
    12 Month SIBOR is currently 1.578% as at March 3.

    Targeted towards New Purchase (Completed Properties) and Refinancing for people Currently WITHOUT lock in penalty. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

    For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

    Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
    Year 2: 2nd Year 12 Month SIBOR + 0.75%
    Year 3: 3rd Year 12 Month SIBOR + 1%
    Thereafter: The year’s prevailing 12 Month SIBOR + 1%

    Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1%. This is used to pay the lock in penalty to your current bank. If your lock in penalty is 1.5%, the rest you have to fork out. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

    For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

    Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
    Year 2: 2nd Year 12 Month SIBOR + 1%
    Year 3: 3rd Year 12 Month SIBOR + 1.25%
    Thereafter: The year’s prevailing 12 Month SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

    Year 1: 2.88% (Fixed)
    Year 2: 2.88% (Fixed)
    Year 3: 2.88% (Fixed)
    Thereafter: SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. For HDB only. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For HDB only. Minimum $100K.

    Year 1: 2.88% (Fixed)
    Year 2: 2.88% (Fixed)
    Year 3: 2.88% (Fixed)
    Thereafter: CHR (CPF Housing Rate) + 1.58%

    Bank B

    New Purchase or Refinancing. 3 years Fixed Rate Package. Full Redemption Penalty: 1% during lock-in. Lock-in for this package is 3 years.

    For Private and HDB. Minimum $300K

    Year 1 = 1.68% (Fixed)
    Year 2 = 2.68% (Fixed)
    Year 3 = 3.38% (Fixed)
    Thereafter = 3.75% Floating

    This package has been extended to March 28.

    Bank C
    3 Month SOR has been hovering between 1.20% to 1.8% for the past 3 weeks.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

    For Private property only. Minimum $300K

    Year 1 = 3 Month SOR + 0.5%
    Year 2 = 3 Month SOR + 0.75%
    Year 3 = 3 Month SOR + 1%
    Thereafter = 3M SOR + 1%

    Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty, 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated on an annual basis over three years.

    For Private property only. Minimum $200K

    Year 1 = 3 Month SOR + 1%
    Year 2 = 3 Month SOR + 1.25%
    Year 3 = 3 Month SOR + 1.5%
    Thereafter = 3M SOR + 1%

    Bank D
    3 Month SIBOR is currently 1.5625% as at March 3.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 = 3 Month SIBOR + 0.7%
    Year 3 = 3 Month SIBOR + 0.7%
    Thereafter = 3 Month SIBOR + 0.7%

    Targeted towards Refinancing for people Currently With Lock-in Penalty, we can submit a request for the bank to provide a penalty subsidy. No lock in for this package but the penalty subsidy may be subjected to clawback to be decided by the bank on case by case basis.

    Year 1 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
    Year 2 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
    Year 3 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
    Thereafter = 3 Month SIBOR + 0.7%

    Bank E
    3 Month SOR is currently 1.3661% as at March 25.

    Targeted towards New Purchase or Refinancing (Completed Properties only). 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1 - 24 mth : 2.75%, 25 - 36 mth : 1.5% during lock-in.

    For HDB and Private. Min HDB = $200K, Min Private = $400K

    Year 1 = 0% (Fixed)
    Year 2 = 3.6% (Fixed)
    Year 3 = 4.5% (Fixed)
    Thereafter = 3.75% (Floating)

    Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only), 2 years Fixed Rate Package with no clawback 1.5% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty:
    within 12 mths - 2.5%, 13th mth-24th mth - 1.5%, 25th mth-36th mth - 1% during lock-in.

    For HDB and Private. Min HDB = $80K, Min Private = $200K

    Year 1 = 2.8% (Fixed)
    Year 2 = 2.8% (Fixed)
    Year 3 = 2.8% (Floating)
    Thereafter = 3.75% (Floating)

    Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only). One time free conversion to other packages within bank after 12 months from 1st loan disbursement. No lock in for this package.

    For Private property only. Minimum $200K

    Year 1 = 3, 6 or 12 Month SOR + 0.7%
    Year 2 = 3, 6 or 12 Month SOR + 0.7%
    Year 3 = 3, 6 or 12 Month SOR + 0.7%
    Thereafter = 3, 6 or 12 Month SOR + 0.7%

    Targeted towards Private Property New Purchase or Refinancing (BUC Progressive or Deferred or TOP properties). One time free conversion to other packages within bank after 12 months from 1st loan disbursement. No lock in for this package.

    For Private property only. Minimum $200K

    Year 1 = 3 SOR + 0.7%
    Year 2 = 3 SOR + 0.7%
    Year 3 = 3 SOR + 0.7%
    Thereafter = = 3 SOR + 0.7%

    Bank F
    3 Month SOR is currently 1.3661% as at March 25.

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 1 year Fixed Rate Package. Lock-in for this package is 2 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private Property Only. Min Private = $200K

    Year 1 = 2.3% (Fixed)
    Year 2 = 2.5%
    Year 3 = 2.5%
    Thereafter = 3.75% (Floating)

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 2 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private Property Only. Min Private = $200K

    Year 1 = 2.4% (Fixed)
    Year 2 = 2.4% (Fixed)
    Year 3 = 2.5%
    Thereafter = 3.75% (Floating)

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private Property Only. Min Private = $200K

    Year 1 = 2.75% (Fixed)
    Year 2 = 2.75% (Fixed)
    Year 3 = 2.75% (Fixed)
    Thereafter = 3.75% (Floating)

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). Lock-in for this package is 1 year. Partial redemption allowed but outstanding loan after partial redemption must be at least 50%, otherwise 1.5% penalty. Full Redemption Penalty: 1.5% during lock-in.

    For Private Property Only. Min Private = $200K

    Year 1 = 3 Month SOR + 0.65%
    Year 2 = 3 Month SOR + 0.75%
    Year 3 = 3 Month SOR + 1.25%
    Thereafter = 3M SOR + 1.25%

    I offer packages from up to 10 banks, and after finding out your requirements, I will then recommend something suitable for you.

    I will update this thread with new attractive packages when available.

    Feel free to call me at 91872681, Edward Sim.

  5. #5
    Edward Sim Guest

    Default Re: Singapore interest rates likely to fall further

    Please refer to updated packages below.

    Hi All,

    I am a mortgage consultant that has been accredited by the Mortgage Finance Association of Singapore (MFAS). I do not charge my clients any fees because the banks pay me a referral fees. I believe that I add more value than most of the property agents because I have a larger panel of banks than they do, and I do comparative analysis for my clients instead of just asking the individual bankers to call them. If you are very busy with work and spending time with family, do you want to deal with 10 bankers from different banks?

    I have access to rates that are unpublished on the banks' websites. Can you imagine how much time you can save by using my free service?

    Below are the attractive packages of Banks A, B, D, E and F for 80% financing. All three big local banks are included below. There are packages suitable for people currently within or without lock-in.

    BANK A
    12M SIBOR is currently 1.625% as at May 2.

    Targeted towards New Purchase, Refinancing for people Currently With Lock In Penalty (TOP Properties), the bank will offer a penalty subsidy of up to 0.5% . 0.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    Year 1: May 1st Business Day 12M SIBOR + 0.5%
    Year 2: 2nd Year 12M SIBOR + 0.75%
    Year 3: 3rd Year 12M SIBOR + 1%
    Thereafter: The year’s prevailing 12M SIBOR + 1%

    Targeted towards Refinancing for people Currently With Lock In Penalty (TOP Properties), the bank will offer a penalty subsidy of up to 1%. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    Year 1: May 1st Business Day 12M SIBOR + 0.5%
    Year 2: 2nd Year 12M SIBOR + 1%
    Year 3: 3rd Year 12M SIBOR + 1.25%
    Thereafter: The year’s prevailing 12M SIBOR + 1%

    Targeted towards Refinancing for people Currently With Lock In Penalty (TOP Properties), the bank will offer a penalty subsidy of up to 1.5%. 1.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    Year 1: May 1st Business Day 12M SIBOR + 0.5%
    Year 2: 2nd Year 12M SIBOR + 1.25%
    Year 3: 3rd Year 12M SIBOR + 1.5%
    Thereafter: The year’s prevailing 12M SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT lock in penalty (TOP Properties), 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    Year 1, 2 and 3 = 2.98% (Fixed)
    Thereafter: 12M SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT lock in penalty (TOP Properties), 3 years fixed interest rate with no clawback 0.75% cash rebate . Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.

    Year 1, 2 and 3 = 2.98% (Fixed)
    Thereafter: CHR (CPF Housing Rate) + 1.58%

    Targeted towards New Purchase: 1st time buyer of HDB or Private, where at least one of the owner is a 1st time buyer, or 1st time upgraders from HDB to Private, for owner-occupied purpose. (Available to both BUC and Completed Properties). There is a 7 days return policy 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.

    Year 1, 2 and 3 = 2.98% (Fixed)
    Thereafter: CHR (CPF Housing Rate) + 1.58%

    Bank C
    3 Month SIBOR is currently 1.275% as at May 22.
    12 Month SIBOR is currently 1.61875% as at May 22.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). No lock in for this package. 1 time free conversion to other packages within the bank. The markup of 1% is negotiable subject to approval, usually to 0.7%.

    For Private and HDB. Min $100K

    Year 1 = 3 or 12 Month SIBOR + 1%
    Year 2 = 3 or 12 Month SIBOR + 1%
    Year 3 = 3 or 12 Month SIBOR + 1%
    Thereafter = 3 or 12 Month SIBOR + 1%

    Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (TOP Properties), 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated yearly over three years. 1 time free conversion to other packages within the bank. The markup of 1.5% is negotiable subject to approval, usually to 1.2%.

    For Private and HDB. Min $100K

    Year 1, 2 & 3 = 3 or 12 Month SIBOR + 1.5%
    Thereafter = 3 or 12 Month SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (TOP Properties). ]. 2 years Fixed, 3 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private and HDB. Min $100K

    Year 1 & 2 = 2.88% (Fixed)
    Thereafter = 3 Month SIBOR + 1%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (TOP Properties). ]. 3 years Fixed, 3 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in.

    For Private and HDB. Min $100K

    Year 1, 2 and 3 = 2.98% (Fixed)
    Thereafter = 3 Month SIBOR + 1%

    Promotional Package targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty for HDB (TOP Properties). 2 years Fixed, 2 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in. Valid until May 30 only.

    For HDB only. Min $100K

    Year 1 & 2 = 2.7% (Fixed)
    Thereafter = 3 Month SIBOR + 1%

    Bank D
    3 Month SIBOR is currently 1.275% as at May 22.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (BUC and Completed Properties). No lock in for this package.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 0.7%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (CSC Properties only), 1% cash rebate on 1st loan disbursement will be given to you . If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated monthly over 3 years.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 1%

    Bank E
    3 Month SOR is currently 1.27344% as at May 22.

    All Bank E packages only valid for 3 weeks from May 16, on a first come first served basis.

    Targeted towards Private Property New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed and BUC Progressive Properties).

    1 year Fixed, 2 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in. Min $200K

    Year 1 = 2.5% (Fixed)
    Year 2 = 2.5% (Floating)
    Thereafter = 3.5% (Floating)

    2 years Fixed, 3 years Lock-In. Partial and Full Redemption Penalty: 1.5% during lock-in. Min $200K

    Year 1 & 2 = 2.8% (Fixed)
    Year 3 = 2.8% (Floating)
    Thereafter = 3.5% (Floating)

    3 years Fixed, 3 years Lock-In. Partial and Full Redemption Penalty: 1.5% during lock-in. Min $200K

    Year 1, 2 & 3 = 2.98% (Fixed)
    Thereafter = 3.58% (Floating)

    Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (CSC Properties only), 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. 1 time free conversion to other packages within the bank. No lock-in for this package but cash rebate subjected to clawback pro-rated as follows: Within 24 mths of first loan disbursement: 100%, 25 - 36 mths: 75%, 37 – 48 mths: 50%, 49 – 60 mths: 25%.

    For Private Only. Min $200K

    Year 1, 2, 3 & thereafter = 12M SIBOR + 0.85%

    Targeted towards HDB New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed and BUC Progressive Properties).

    1 year Fixed, 2 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in. Min $80K

    Year 1 = 2.5% (Fixed)
    Year 2 = 2.5% (Floating)
    Thereafter = 3.75% (Floating)

    3 years Fixed, 3 years Lock-In. Partial and Full Redemption Penalty: 1.5% during lock-in. Min $80K

    Year 1, 2 & 3 = 2.98% (Fixed)
    Thereafter = 3.75% (Floating)

    Bank F
    3 Month SOR is currently 1.27344% as at May 22.

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (CSC Properties Only).
    1 year Fixed, 2 years Lock-in. Partial and Full Redemption Penalty: 1.5% during lock-in. For Private Only. Min $200K

    Year 1 = 2.5% (Fixed)
    Year 2 & 3 = 2.5% (Floating)
    Thereafter = 3.75% (Floating)

    2 years Fixed, 3 years Lock-In. Partial and Full Redemption Penalty: 1.5% during lock-in. For Private Only. Min $200K

    Year 1 & 2 = 2.8% (Fixed)
    Year 3 = 2.8% (Floating)
    Thereafter = 3.75% (Floating)

    3 years Fixed, 3 years Lock-In. Partial and Full Redemption Penalty: 1.5% during lock-in. For Private Only. Min $200K

    Year 1, 2 & 3 = 2.98% (Fixed)
    Thereafter = 3.75% (Floating)

    Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). Lock-in for this package is 1 year. Partial redemption allowed but outstanding loan after partial redemption must be at least 50%, otherwise 1.5% penalty. Full Redemption Penalty: 1.5% during lock-in.

    For Private Property Only. Min Private = $200K

    Year 1 = 3 Month SOR + 0.65%
    Year 2 = 3 Month SOR + 0.75%
    Year 3 = 3 Month SOR + 1.25%
    Thereafter = 3M SOR + 1.25%

    Feel free to contact me, Edward Sim @ 9187 2681 or [email protected] to find out more.

  6. #6
    Edward Sim Guest

    Default

    Hi All,

    Last call for Bank A's packages which are DBS. They are withdrawing packages after June 30, so as of today there is still 6 working days before the Letter of Offer has to be signed by latest, June 30.

    Till date, of the other few big local and foriegn banks, 2 have raised their 3 years fixed rate to 4.18% while another 2 have increased to 3.98%.

    So for people who have bought HDB or Private that are already TOP or nearing TOP in the next 3 months, you may still apply for DBS Fixed 3 years @ 2.98% with 0.75% cash rebate.

    As for those who are currently not with POSB/DBS, whether you are still within lock in or already out of lock in, you may apply for DBS Fixed 3 years @ 2.98% with 0.75% cash rebate.

    For those who have bought BUC properties that are either Deferred Payment or Progressive Payment, you may like to apply for DBS package which is 12M SIBOR + 1% which has no lock in so there is so partial or full redemption penalty for disbursed loans, with only 0.75% cancellation charge for the undisbursed portion. As SIBOR is on the upwards trend with 1.92% as at June 19, if you sign the Letter of Offer in June, you can still enjoy the June 2 SIBOR rate of 1.687%, which brings your rate to 2.687% fixed for 12 months without any lock in penalty, except the cancellation charge of 0.75% for undisbursed portion.

    Since I have already publicised that Bank A is DBS, those who have read are welcome to approach them directly. But if you would like to use my service and let me earn some referral fees, and also for appreciation of me sharing all the information upfront, please contact me, Edward Sim @ 9187 2681 or [email protected] to find out more. I do not charge customers for the service.

  7. #7
    Unregistered01 Guest

    Default

    What you guys think- higher interest to curb inflation?

  8. #8
    someone Guest

    Default

    hi,

    Anybody has new financial loan plans to share around ?

    Thks.

  9. #9
    Join Date
    Aug 2008
    Posts
    3

    Default

    Quote Originally Posted by someone
    hi,

    Anybody has new financial loan plans to share around ?

    Thks.
    what kind are you particularly looking for??

  10. #10
    Edward Sim Guest

    Default

    Recently Updated Packages

    Below are the attractive packages of Banks A, B, C, D, and G for 80% financing. There are packages suitable for people currently within or without lock-in. If you would like to find out about 90% financing, kindly give me a call.

    BANK A
    3M SIBOR is currently 1.187 as at Sep 1.
    12M SIBOR is currently 1.75 as at Sep 1.

    Targeted towards New Purchase and Refinance (BUC & Completed Properties). No penalty on partial and full redemption for disbursed loan, and 0.75% cancellation penalty on un-disbursed loan. One time free conversion to other packages within 6 months after TOP (For BUC new purchase only. Not applicable to refinancing for BUC properties with penalty subsidy). 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    For 0.5% and without Penalty Subsidy Packages
    3M SIBOR + 0.7% throughout

    For 1% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 0.95%
    Thereafter = 3 Month SIBOR + 0.7%

    For 1.5% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 1.2%
    Thereafter = 3 Month SIBOR + 0.7%

    Deal or No Deal Refinancing Package (Completed Properties). No penalty on partial redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan. Full redemption penalty of 1.5% within 2 years.
    You can have any combination for year 1 and 2, as long as the total markup for 2 years is 1%. See below for example. 0.5%, 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $500K.

    Year 1 = 3 or 12M SIBOR
    Year 2 = 3 or 12 Month SIBOR + 1%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    OR

    Year 1 = 3 or 12M SIBOR + 0.5%
    Year 2 = 3 or 12 Month SIBOR + 0.5%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    For 0.5% Penalty Subsidy Package
    Add 0.25% to year 1 rate

    For 1% Penalty Subsidy Package
    Add 0.25% to year 1 and year 2 rate

    For 1.5% Penalty Subsidy Package
    Add 0.25% in Year 1 and 2 and 0.50% in Year 3

    Perpetual Interest Servicing Package for New Purchase and Refinancing (BUC & Completed Properties)[/color][/b][/u]. No penalty on partial or full redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan.

    For Private only. Min $500K.

    3 or 12M SIBOR + 1.5% throughout

    Bank B
    3 Month SOR (Indicative purpose only) is currently 1.2276% as at Sep 1.

    Targeted towards New Purchase (BUC & Completed Properties) . No penalty on partial and full redemption for disbursed loan, and 0.75% (BUC) and 1.5% (Completed) cancellation penalty on un-disbursed loan.

    For Private only. Min $200K.

    3M SOR + 0.7% throughout

    Bank C
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.
    12 Month SIBOR (Indicative purpose only) is currently 1.75% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). No penalty on partial and full redemption for disbursed loan. 1 time free conversion to other packages.

    For Private and HDB. Min $100K

    Year 1, 2 and 3 = 3 or 12 Month SIBOR + 0.8%
    Thereafter = 3 or 12 Month SIBOR + 0.95%


    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). Fixed 2 years and lock in 2 years.

    For Private and HDB. Min $100K

    Year 1 & 2 = 3.25% Fixed
    Thereafter = 3M SIBOR + 0.95%

    Bank D
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (BUC and Properties). No lock in for this package.

    For Private and HDB. Min Private = $200K and Min HDB $100K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 0.7%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties). No lock in for this package.

    Year 1 = 3 Month SIBOR + 0.75%
    Year 2 = 3 Month SIBOR + 0.65%
    Thereafter = 3 Month SIBOR + 0.55%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties), 1% cash rebate on 1st loan disbursement will be given to you . No lock-in for this package but cash rebate subjected to clawback pro-rated monthly over 3 years.

    For Private only. Min $200K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 1%

    Bank G
    3M Cost of Funds (Indicative purpose only) is currently 1.47% at as at Sep 2.

    Targeted towards New Purchase or Refinancing without using CPF, you can choose Principal and Interest scheme or just Interest-only scheme during your loan tenure. Suitable for customers who prefer interest-only loan at affordable interest rates. No Lock in for this package and free to do partial or full redemption with just 2 weeks notice.

    For Private Only. Min US$150K or its S$ equivalent

    Year 1, 2, 3 & thereafter = 3M Cost of Funds + 1%

    Feel free to contact me, Edward Sim @ 9187 2681 or [email protected] find out more. In addition, if you need financing for other countries (Australia, New Zealand, US, Canada, UK, Spain, France, Portugal, Dubai, Hong Kong) with Singapore's interest rate, you may also look for me.

  11. #11
    Edward Sim Guest

    Default Recently Updated Packages as at Sep 5. Take a close look at Bank A, B and E's package

    Recently Updated Packages as at Sep 5. Take a close look at Bank A, B and E's packages.

    Below are the attractive packages of Banks A, B, C, D, E and G for 80% financing. There are packages suitable for people currently within or without lock-in. If you would like to find out about 90% financing, kindly give me a call.

    BANK A
    3M SIBOR is currently 1.187 as at Sep 1.
    12M SIBOR is currently 1.75 as at Sep 1.

    Targeted towards New Purchase and Refinance (BUC & Completed Properties) for customers Currently with or without Lock-In. No penalty on partial and full redemption for disbursed loan, and 0.75% cancellation penalty on un-disbursed loan. One time free conversion to other packages within 6 months after TOP (For BUC new purchase only. Not applicable to refinancing for BUC properties with penalty subsidy). 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    For 0.5% and without Penalty Subsidy Packages
    3M SIBOR + 0.7% throughout

    For 1% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 0.95%
    Thereafter = 3 Month SIBOR + 0.7%

    For 1.5% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 1.2%
    Thereafter = 3 Month SIBOR + 0.7%

    Deal or No Deal Refinancing Package (Completed Properties) for customers Currently with or without Lock-In . No penalty on partial redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan. Full redemption penalty of 1.5% within 2 years.
    You can have any combination for year 1 and 2, as long as the total markup for 2 years is 1%. See below for example. 0.5%, 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $500K.

    Year 1 = 3 or 12M SIBOR
    Year 2 = 3 or 12 Month SIBOR + 1%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    OR

    Year 1 = 3 or 12M SIBOR + 0.5%
    Year 2 = 3 or 12 Month SIBOR + 0.5%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    For 0.5% Penalty Subsidy Package
    Add 0.25% to year 1 rate

    For 1% Penalty Subsidy Package
    Add 0.25% to year 1 and year 2 rate

    For 1.5% Penalty Subsidy Package
    Add 0.25% in Year 1 and 2 and 0.50% in Year 3

    Perpetual Interest Servicing Package for New Purchase and Refinancing (BUC & Completed Properties)[/color][/b][/u]. No penalty on partial or full redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan.

    For Private only. Min $500K.

    3 or 12M SIBOR + 1.5% throughout

    Bank B
    3 Month SOR (Indicative purpose only) is currently 1.2276% as at Sep 1.

    Targeted towards New Purchase (BUC & Completed Properties) . No penalty on partial and full redemption for disbursed loan, and 0.75% (BUC) and 1.5% (Completed) cancellation penalty on un-disbursed loan.

    For Private only. Min $200K.

    3M, 6M or 12M SOR + 0.7% throughout

    Targeted towards New Purchase or refinancing (Completed Properties with CSC obtained) with 1.5% Cash Rebate subjected to 100% clawback within 3 years. Legal subsidy is 0.4% of loan amount capped at $2.5K. No penalty on partial and full redemption for disbursed loan.

    For Private only. Min HL $200K. TL $100K.

    Year 1 = 3M SOR + 0.5%
    Year 2 = 3M SOR + 0.75%
    Thereafter = 3M SOR + 1%

    Bank C
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.
    12 Month SIBOR (Indicative purpose only) is currently 1.75% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). No penalty on partial and full redemption for disbursed loan. 1 time free conversion to other packages.

    For Private and HDB. Min $100K

    Year 1, 2 and 3 = 3 or 12 Month SIBOR + 0.8%
    Thereafter = 3 or 12 Month SIBOR + 0.95%

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). Fixed 2 years and lock in 2 years.

    For Private and HDB. Min $100K

    Year 1 & 2 = 3.25% Fixed
    Thereafter = 3M SIBOR + 0.95%

    Bank D
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (BUC and Properties). No lock in for this package.

    For Private and HDB. Min Private = $200K and Min HDB $100K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 0.7%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties). No lock in for this package.

    Year 1 = 3 Month SIBOR + 0.75%
    Year 2 = 3 Month SIBOR + 0.65%
    Thereafter = 3 Month SIBOR + 0.55%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties), 1% cash rebate on 1st loan disbursement will be given to you . No lock-in for this package but cash rebate subjected to clawback pro-rated monthly over 3 years.

    For Private only. Min $200K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 1%

    Bank E

    [color=red]Targeted towards New Purchase or Refinancing[color]. 4 years Fixed Rate Package. Penalty is pro-rated: 1.5% penalty within year 1, 1% in year 2 and 0.75% in years 3 and 4. Allows partial redemption up to 20% of initial loan within the 4 years lock in period.

    For Private and HDB. Min $300K

    Year 1 = 2.28% (Fixed)
    Year 2 = 2.88% (Fixed)
    Year 3 = 3.38% (Fixed)
    Year 4 = 3.88% (Fixed)
    Thereafter = 3.75% (Floating)

    Bank G
    3M Cost of Funds (Indicative purpose only) is currently 1.47% at as at Sep 2.

    Targeted towards New Purchase or Refinancing without using CPF, you can choose Principal and Interest scheme or just Interest-only scheme during your loan tenure. Suitable for customers who prefer interest-only loan at affordable interest rates. No Lock in for this package and free to do partial or full redemption with just 2 weeks notice.

    For Private Only. Min US$150K or its S$ equivalent

    Year 1, 2, 3 & thereafter = 3M Cost of Funds + 1%

    Feel free to contact me, Edward Sim @ 9187 2681 or [email protected] find out more. In addition, if you need financing for other countries (Australia, New Zealand, US, Canada, UK, Spain, France, Portugal, Dubai, Hong Kong) with Singapore's interest rate, you may also look for me.

  12. #12
    The Straits Times Guest

    Default Sibor Falls To 4-year Low


    Sibor Falls To 4-year Low
    The Straits Times
    Wednesday, 12 November 2008



    The all-important interest rate at which banks lend funds to one another has nosedived to 0.89% - its lowest level since mid-2004.

    This is likely to be good news for many home owners, who are set to enjoy lower mortgage rates soon. Rates on other consumer loans may also fall.

    But the outlook is not so good for investors holding fixed deposits - as their interest rates are likely to fall as well. And businesses big and small will not necessarily get a flow-on benefit of lower borrowing costs.

  13. #13
    Join Date
    Aug 2008
    Posts
    63

    Default

    Quote:
    Originally Posted by Unregistered
    can i know if taking the dbs offer of sibor plus 1.25 for the next 3 yrs a good offer

    No, it is not a good offer.

    There are much better offers. I have many enquiries about fixing the interest rates right now. Many people feel that with the lower interest rates, the fixed rate should be pretty low now. I like to clear up something here: When financial authorities cut rates, it means that banks are able to borrow cheaply from the authorities. However, the "cheap borrowing" may not be passed on to the consumers. Why is that so? If you were to analyse the structuring of any loan facilities, you will realised that the interest rates that consumers get is always a certain borrowing rate + a certain premium. From my analysis of the fixed rates loans across all the banks, I noticed that although benchmark rates have gone down, premium have not been going down. That means that fixed rates are still not being attractively priced yet.

    The people who are truly benefiting from this effect at the moment are consumers who are holding onto floating/ variable rate packages. At this point of time, I am also helping many of my clients to arrange for loan facilities such as term loans at low interest rates, placing them at a better position to scoop up any investment opportunities that may pop out in the near future, such as buying into nicely valuated blue chips or take over of companies at the small to mid cap level.

    I am very sure many private properties owners are thinking of taking a term loan right now, as I can see from my own personal experience. I would like to advise that home owners not to take up too much of a term loan right now. For you information, a term loan is a loan facility that uses your property as a collateral. Why do I advise consumers not to take up too much of a term loan? I am extremely concerned at the rate of decrease of valuation of private properties. Taking up of too much of a term loan against your property while the valuation of properties decline can have unfavourable consequence for you as a home owner.

    There is a mad rush of bank officers, consultants and brokers advising their customers to max out term loan. I hope that fellow forumers be logical and factor in a safe range of loan amount that you can undertake. Remember not to take more than you can receive.
    Mortgage Advisory and Brokering Services
    http://www.cpcgonline.com

  14. #14
    Rates shopper Guest

    Default

    Quote Originally Posted by Edward Sim
    Recently Updated Packages as at Sep 5. Take a close look at Bank A, B and E's packages.

    Below are the attractive packages of Banks A, B, C, D, E and G for 80% financing. There are packages suitable for people currently within or without lock-in. If you would like to find out about 90% financing, kindly give me a call.

    BANK A
    3M SIBOR is currently 1.187 as at Sep 1.
    12M SIBOR is currently 1.75 as at Sep 1.

    Targeted towards New Purchase and Refinance (BUC & Completed Properties) for customers Currently with or without Lock-In. No penalty on partial and full redemption for disbursed loan, and 0.75% cancellation penalty on un-disbursed loan. One time free conversion to other packages within 6 months after TOP (For BUC new purchase only. Not applicable to refinancing for BUC properties with penalty subsidy). 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $100K, but legal subsidy only for loan >$200K.

    For 0.5% and without Penalty Subsidy Packages
    3M SIBOR + 0.7% throughout

    For 1% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 0.95%
    Thereafter = 3 Month SIBOR + 0.7%

    For 1.5% Penalty Subsidy Package
    Year 1 = 3 Month SIBOR + 0.7%
    Year 2 & 3 = 3 Month SIBOR + 1.2%
    Thereafter = 3 Month SIBOR + 0.7%

    Deal or No Deal Refinancing Package (Completed Properties) for customers Currently with or without Lock-In . No penalty on partial redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan. Full redemption penalty of 1.5% within 2 years.
    You can have any combination for year 1 and 2, as long as the total markup for 2 years is 1%. See below for example. 0.5%, 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

    For Private only. Min $500K.

    Year 1 = 3 or 12M SIBOR
    Year 2 = 3 or 12 Month SIBOR + 1%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    OR

    Year 1 = 3 or 12M SIBOR + 0.5%
    Year 2 = 3 or 12 Month SIBOR + 0.5%
    Thereafter = 3 or 12 Month SIBOR + 0.7%

    For 0.5% Penalty Subsidy Package
    Add 0.25% to year 1 rate

    For 1% Penalty Subsidy Package
    Add 0.25% to year 1 and year 2 rate

    For 1.5% Penalty Subsidy Package
    Add 0.25% in Year 1 and 2 and 0.50% in Year 3

    Perpetual Interest Servicing Package for New Purchase and Refinancing (BUC & Completed Properties)[/color][/b][/u]. No penalty on partial or full redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan.

    For Private only. Min $500K.

    3 or 12M SIBOR + 1.5% throughout

    Bank B
    3 Month SOR (Indicative purpose only) is currently 1.2276% as at Sep 1.

    Targeted towards New Purchase (BUC & Completed Properties) . No penalty on partial and full redemption for disbursed loan, and 0.75% (BUC) and 1.5% (Completed) cancellation penalty on un-disbursed loan.

    For Private only. Min $200K.

    3M, 6M or 12M SOR + 0.7% throughout

    Targeted towards New Purchase or refinancing (Completed Properties with CSC obtained) with 1.5% Cash Rebate subjected to 100% clawback within 3 years. Legal subsidy is 0.4% of loan amount capped at $2.5K. No penalty on partial and full redemption for disbursed loan.

    For Private only. Min HL $200K. TL $100K.

    Year 1 = 3M SOR + 0.5%
    Year 2 = 3M SOR + 0.75%
    Thereafter = 3M SOR + 1%

    Bank C
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.
    12 Month SIBOR (Indicative purpose only) is currently 1.75% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). No penalty on partial and full redemption for disbursed loan. 1 time free conversion to other packages.

    For Private and HDB. Min $100K

    Year 1, 2 and 3 = 3 or 12 Month SIBOR + 0.8%
    Thereafter = 3 or 12 Month SIBOR + 0.95%

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). Fixed 2 years and lock in 2 years.

    For Private and HDB. Min $100K

    Year 1 & 2 = 3.25% Fixed
    Thereafter = 3M SIBOR + 0.95%

    Bank D
    3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.

    Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (BUC and Properties). No lock in for this package.

    For Private and HDB. Min Private = $200K and Min HDB $100K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 0.7%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties). No lock in for this package.

    Year 1 = 3 Month SIBOR + 0.75%
    Year 2 = 3 Month SIBOR + 0.65%
    Thereafter = 3 Month SIBOR + 0.55%

    Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties), 1% cash rebate on 1st loan disbursement will be given to you . No lock-in for this package but cash rebate subjected to clawback pro-rated monthly over 3 years.

    For Private only. Min $200K.

    Year 1, 2, 3 and thereafter = 3M SIBOR + 1%

    Bank E

    [color=red]Targeted towards New Purchase or Refinancing[color]. 4 years Fixed Rate Package. Penalty is pro-rated: 1.5% penalty within year 1, 1% in year 2 and 0.75% in years 3 and 4. Allows partial redemption up to 20% of initial loan within the 4 years lock in period.

    For Private and HDB. Min $300K

    Year 1 = 2.28% (Fixed)
    Year 2 = 2.88% (Fixed)
    Year 3 = 3.38% (Fixed)
    Year 4 = 3.88% (Fixed)
    Thereafter = 3.75% (Floating)

    Bank G
    3M Cost of Funds (Indicative purpose only) is currently 1.47% at as at Sep 2.

    Targeted towards New Purchase or Refinancing without using CPF, you can choose Principal and Interest scheme or just Interest-only scheme during your loan tenure. Suitable for customers who prefer interest-only loan at affordable interest rates. No Lock in for this package and free to do partial or full redemption with just 2 weeks notice.

    For Private Only. Min US$150K or its S$ equivalent

    Year 1, 2, 3 & thereafter = 3M Cost of Funds + 1%

    Feel free to contact me, Edward Sim @ 9187 2681 or [email protected] find out more. In addition, if you need financing for other countries (Australia, New Zealand, US, Canada, UK, Spain, France, Portugal, Dubai, Hong Kong) with Singapore's interest rate, you may also look for me.
    Hi Edward,

    Can you update us on the best currently offering interest rate?

    Thanks

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