OCBC Home Rate House Loan

 

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Min. Loan
$100,000

3 yrs Ave. Rate
1.37%

Review on OCBC Home Rate House Loan

Pros
Low interest rate spread of +0.35% to +0.40% p.a. for first 3 years of loan package
OHR based on long term ave. of 1m and 3m SIBOR which are relatively low
Legal fees subsidy for refinancing

Cons
Higher interest rate after 3 years
OHR a is a new type reference rate that is untested in market
2 years lock-in period

 

Enquire about OCBC Home Rate Loan

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Details

Interest Rate^
1st year OHR + 0.35% p.a.
2nd year OHR + 0.35% p.a.
3rd year OHR + 0.40% p.a.
4th year OHR + 0.60% p.a.
5th year OHR + 0.80% p.a.
Thereafter OHR + 1.00% p.a.
3 yrs Ave. Rate 1.37% p.a.

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

Property Loan Hotline Property Loans Hotline: +65 8336 8772

 

Legal fee subsidy of $2,000 for minimum $500,000 loan

Rates are pegged to OCBC Home Rate (OHR) which is the long-term average of 1-month and 3-month SIBOR over the last 12 years

OHR is currently 1.00% p.a.

Flexibility to partially prepay up to 50% of the loan amount within the prepayment period

Minimum loan amount of $100,000

2 years Lock-In period

New/re-financing owners are eligible

 

Make a loan enquiry about this OCBC Home Rate House Loan

 

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