If you’re paying more than 2% on your home loan, it’s time to refinance.

For starters, you can refer to the bank rates offered by local banks below to give you some basic understanding.

If you require more information or any queries, I may be able to assist and help you save time and money and ease the process of shopping for a home loan. Free advice on the best rates in the market today.

 

DBS

👍 DBS rates for Completed Property and Refinancing!

Package A: Floating
Fixed Deposit Rate (FHR 8) Package (2yr lock in)

Throughout: FHR8 + 1.45% = 1.65%

Current FHR8 is 0.20%

Package B: Floating
Fixed Deposit Rate (FHR 8) Package (no lock in)

Thruout: FHR8 + 1.75% = 1.95%

Current FHR8 is 0.20%

Package C: Fixed
2+1 Year Fixed Rate Package
Year 1-2: 1.85% (fixed)

Year 3. : 1.88% (fixed)
OR
FHR 8 + 1.68%=1.88%

Thereafter:FHR8 + 1.68%=1.88%

👍 DBS rates for Uncompleted Property

Package A: Floating
Fixed Deposit Rate (FHR 8) Package (2yr lock in)

Throughout : FHR8 + 1.45% = 1.65%

Current FHR8 is 0.20%

UOB

For Completed Property

Package 1:
💎2 years lock in, Fixed
Yr 1: 1.70% (Fixed)
Yr 2: 1.80% (Fixed)
Yr 3: 1.85% (FDPR14 + 1.60%)
Thereafter: 1.85% (FDPR14 + 1.60%)

Package 2:
💎 3 years lock in, Fixed
Yr 1-3: 1.95% (Fixed)
Thereafter: 1.95% (FDPR14 + 1.70%)

Package 3:
💎 2 years lock in, FD
Yr 1 – thereafter: 1.80% (FDPR14 + 1.55%)

For Building Under Construction

Package 1:
💎 No lock in, FD
Yr 1 – Thereafter: 1.60% (FDPR14 + 1.35%)

Package 2:
💎 No lock in, FD
Yr 1-2: 1.55% (FDPR14 + 1.30%)
Yr 3: 1.70% (FDPR14 + 1.45%)
Thereafter: 1.80% (FDPR14 + 1.55%)

FDPR14 (14 months Fix Deposit Pegged rate) = 0.25% since Oct 2011

OCBC

As of 28/02/2018

[Loan package 1⃣ – Completed Property only]
FIXED OCBC HL Rate (OHR)
⚠2 Years Lock-In (Completed)

Y1: 1.85% (OHR FIXED + 0.85%)
Y2: 1.85% (OHR FIXED + 0.85%)
Thereafter: 1.90% (OHR + 0.90%)

[Loan package 2⃣ – BUC/Completed Property]
Floating OCBC HL Rate (OHR)
⚠0 Year Lock-In (Completed/BUC)
⚠2 Years Lock-In for Refi/ Deviation*

Y1: 1.65% (OHR + 0.65%)
Y2: 1.70% (OHR + 0.70%)
Y3: 1.75% (OHR + 0.75%)
Y4: 1.80% (OHR + 0.80%)
Thereafter: 1.90% (OHR + 0.90%)

〽OHR = 1.00% currently
〽OHR is a long term average of the 1 Month SIBOR and 3 Month SIBOR over the past 12 years
〽One-Time Free Conversion in the event OHR increase or you request to change within 6 months after TOP

[Loan package 3⃣ – BUC/Completed Property]
SIBOR (1-Month SIBOR)
⚠0 Years Lock in (BUC)
⚠2 Years Lock in (Completed)

Y1: 1-month SIBOR + 0.60%
Thereafter: 1-month SIBOR + 0.70%

 

Standard Chartered Bank

Completed & Uncompleted Private Properties at 1.6% (pegged to 9months Fixed Deposit Rates Linked throughout loan tenure)

Terms: 2years locked in (for completed properties)

Please be informed that the proposed rates are subject to change from time to time without prior notice.
For 1 month SIBOR rates, refer to: https://abs.org.sg/rates-sibor

Use the Contact form below to Get in Touch.