HOUSING LOAN PACKAGES (80%) (1 – 31 October 09)
| Fixed Rate ( 1-Year Lock in ) |
Floating Rate ( 1-Year Lock in ) |
Floating Rate ( No Lock in ) |
|
| Year 1 | 1.70% (Fixed) | 3M SIBOR + 1.20% | 3M SIBOR + 1.30% |
| Year 2 | 3M SIBOR + 1.30% | 3M SIBOR + 1.30% | 3M SIBOR + 1.30% |
| Thereafter | 3M SIBOR + 1.30% | 3M SIBOR + 1.30% | 3M SIBOR + 1.30% |
SIBOR stands for Singapore Interbank Offered Rate and is the benchmark for interest rates in Singapore. If your loan is pegged to SIBOR, you can rest assured that your mortgage pricing will always reflect market conditions. Choose a 3-month tenure if you want to closely follow the market, or choose a 12-month tenure if you want more stability in your monthly instalments.
As at 1st September 2009, 3-month SIBOR was at 0.68% and 12-month SIBOR was at 0.906%.
HOUSING LOAN PACKAGES (85%) (1 – 31 October 09)
| Fixed Rate ( 1-Year Lock in ) |
Floating Rate ( 1-Year Lock in ) |
Floating Rate ( No Lock in ) |
|
| Year 1 | 2.30% (Fixed) | 3M SIBOR + 1.80% | 3M SIBOR + 1.90% |
| Year 2 | 3M SIBOR + 1.90% | 3M SIBOR + 1.90% | 3M SIBOR + 1.90% |
| Thereafter | 3M SIBOR + 1.90% | 3M SIBOR + 1.90% | 3M SIBOR + 1.90% |
Benefits
- Legal subsidy of 0.50% of the loan amount capped at $2,000
- Free fire insurance throughout the loan tenure for HDB properties
- Free fire insurance for the first year for Private properties
- One time Free conversion (for no lock-in package)
Source : Standard Chartered Bank – 8 Oct 2009
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