Citibank 1-Month SIBOR Housing Loan

 

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Min. Loan
$500,000

5yrs Ave. Rate
1.51%

Review on Citibank 1m SIBOR Housing Loan

Pros
Low interest rate spread of +0.80% p.a. for loan package throughout loan term
Low 1m SIBOR
Legal fees subsidy for refinancing

Cons
1m SIBOR more volatile
Subject to fluctuations in 1m SIBOR rate
2 years lock-in period

 

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Details

Interest Rate^
1st year 1m SIBOR + 0.80% p.a.
2nd year 1m SIBOR + 0.80% p.a.
3rd year 1m SIBOR + 0.80% p.a.
Thereafter 1m SIBOR + 0.80% p.a.
5yrs Ave. Rate 1.51% p.a.

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

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

Rates are pegged to 1-month SIBOR

Rates are reviewed every month

Minimum loan amount of $500,000

2 years Lock-In period

New/re-financing owners are eligible

 

Make a loan enquiry about this Citibank 1m SIBOR Housing Loan

 

Comments on Citibank 1m SIBOR Housing Loan

 

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