For minimum loan amount of S$100,000
|Variable Rate Packages |
2 – year lock in
|Year 1||3.28% (MBR – 2.72%)|
|Year 2||3.48% (MBR – 2.52%)|
|Year 3||3.68% (MBR – 2.32%)|
|Thereafter||3.68% (MBR – 2.32%)|
|Malaysian Property Board Rate (MBR) is currently at 6.00% p.a. Rates subject to change|
|Lock-in period||2 years from 1st loan release date|
|Partial Prepayment||1.50% of the amount prepaid within first 2 years|
|Full Repayment||1.50% of the outstanding loan amount redeemed within first 2 years|
|Cancellation Fee||1.50% on undisbursed loan amounts after accepting bank’s letter of offer|
|Late Payment of monthly instalment||5.00% above prevailing Prime Lending Rate (PLR). Current PLR is 5.70% p.a.|
|Remittance Charges||To be borne by borrower(s)|
For variable rate package – Building Under Construction (BUC) properties only. Interest rate to commence at loan disbursement or temporary occupation permit (TOP) issuance date, whichever is earlier.
For variable rate package - Completed properties only. Interest rate to commence within 3 months from date of the Letter Of Offer (LOF) or date of first disbursement of the mortgaged property loan, whichever is earlier.
Note: Notice of Assessment can be printed via my Tax Portal at mytax.iras.gov.sg
Loan repayment and outstanding statement for HDB can be printed via My HDB Page at www.hdb.gov.sg
Any other documents as may be requested by the Bank at its sole discretion.
Home and Property Loans Terms and conditions apply. MBR is currently at 6.00% p.a.
Note: The interest rates and terms quoted for a particular housing loan applies only to that housing loan package, and may differ from the interest rates and terms offered to other customers for other types of housing loan facilities. The interest rates and terms quoted are subject to change without prior notice. The Board Rate quoted is applicable only for the loan package that you are interested in. The financial indicator against which the Board Rate is benchmarked, such as SIBOR, Prime Rate or CPF Rate, will be disclosed. The Board Rate shall differ for different loan packages offered at different times and may also differ for different customers, depending on market conditions and/ or changes in the financial indicator(s) against which the Board Rate is benchmarked. The detailed loan repayment schedule for the loan package chosen is available in either hard or soft copy upon request. The Association of Banks in Singapore (ABS) Consumer Guide on Home Loan is available on MoneySENSE and ABS website. You are encouraged to read it before committing to a loan.
Before committing to a financial product, you are encouraged to read the ‘Understanding Financial Products’ by The Association of Banks in Singapore and MoneySENSE guide. Learn more