Citibank 1-Month SIBOR Housing Loan

 

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Min. Loan
$500,000

3 yrs Ave. Rate
1.60%

Review on Citibank 1m SIBOR Housing Loan

Pros
Low interest rate spread of +0.55% to +0.70% p.a. for loan package for 1st 3 years
Low 1m SIBOR
Legal fees subsidy for refinancing

Cons
1m SIBOR more volatile
Subject to fluctuations in 1m SIBOR rate
Higher interest rate spread after 3 years
2 years lock-in period

 

Enquire about Citibank SIBOR loan

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Details

Interest Rate^
1st year 1m SIBOR + 0.55% p.a.
2nd year 1m SIBOR + 0.55% p.a.
3rd year 1m SIBOR + 0.70% p.a.
Thereafter 1m SIBOR + 1% p.a.
3 yrs Ave. Rate 1.60% p.a.

^ Interest Rate based on latest 1 Month SIBOR and assuming it stays the same for first three years

Property Loan Hotline Property Loans Hotline: +65 8336 8772

 

Legal fee subsidy of 0.20% of loan capped at $2,000

Rates are pegged to 1-month SIBOR

Rates are reviewed every month

Flexibility to switch between 1 / 3 / 6 / 12 mth SIBOR base rates anytime

Minimum loan amount of $500,000

2 years Lock-In period

New/re-financing private properties owners are eligible

 

In addition,

From now until 31 Dec 2017, receive $750 cash when you start a Citi Priority relationship with Citibank. Alternatively, embark on your wealth journey with Citigold and be rewarded with $5,150 when you start a CitiGold relationship

 

Click here to go to Citibank website for more details

 

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