Private Property Fixed Rate Housing Loan
Receive $50 Or $100 TANGS GIFT VOUCHER (Min $500K) When You Get A Loan Through Us!
You get the same rates and submit your docs directly to the bank, not to us. Plus you get special rates from our partner law firms which is the lowest in market! So why not hear our views — which loan is the best? Find out why you should use a mortgage broker.
* terms apply
|Yr 1||Yr 2||Yr 3||Yr 4(On)||Yr 1||Yr 2||Yr 3||Yr 4(On)||Ave 3yrs|
|FDMR36 +||Fixed||0.35||0.35||0.79||1.50||1.55||1.55||1.99||1.53||Click to Apply|
|3M SIBOR +||Fixed||Fixed||Fixed||0.70||1.48||1.58||1.68||1.84||1.58||Click to Apply|
|15FDPR +||Fixed||Fixed||1.43||1.43||1.58||1.58||1.68||1.68||1.61||Click to Apply|
|FDMR36 +||Fixed||Fixed||0.68||0.68||1.45||1.55||1.88||1.88||1.63||Click to Apply|
|3M SIBOR +||Fixed||Fixed||0.70||0.70||1.48||1.58||1.84||1.84||1.63||Click to Apply|
|FHR9 +||Fixed||Fixed||1.55||1.55||1.58||1.58||1.80||1.80||1.65||Click to Apply|
|FHR9 +||Fixed||Fixed||Fixed||1.55||1.68||1.68||1.68||1.80||1.68||Click to Apply|
|1M SIBOR +||Fixed||Fixed||0.95||0.95||1.55||1.55||2.00||2.00||1.70||Click to Apply|
|1M SIBOR +||Fixed||Fixed||1.00||1.00||1.58||1.58||2.05||2.05||1.74||Click to Apply|
|1M SIBOR +||Fixed||Fixed||1.00||1.00||1.60||1.65||2.05||2.05||1.77||Click to Apply|
|15FDMR +||Fixed||1.60||1.60||2.10||1.85||1.85||1.85||2.35||1.85||Click to Apply|
|BOARD -||Fixed||Fixed||3.75||3.75||1.80||1.80||2.25||2.25||1.95||Click to Apply|
|BOARD -||Fixed||Fixed||1.85||0.75||2.38||2.38||2.65||3.75||2.47||Click to Apply|
*Note the following :
- Loan Peg tells you the benchmark used for the package, typically SIBOR or FDR. The bank then either add (a spread or markup) or subtract (a discount margin) from this peg to derive the final INT (interest) for the borrower.
- SIBOR (Singapore Interbank Offer Rate) is updated weekly (see bottom of our Home page) based on rates published on ABS website which is 7 days after (from 1 Oct 2015)
- FDR refers to Fixed Deposit Rate home loans where the mortgage interest is pegged to the FD (fixed deposit) interest of a particular tranche (eg. 9M, 15M, 18M, 36M, 48M) chosen and re-defined by the bank from time to time. Different banks call it by different names like DBS FHR, OCBC FDMR, UOB FDPR, etc. Do refer to our blog for more information on FDR home loans.
Our Loan Comparison Report shows you everything that you need to know about the packages above including lock-in period, penalty, availability of legal subsidy & how much, etc. Request for a free copy today!
The housing loan packages above are sorted and ranked in order of the lowest average interest rate in the first 3 years. Three-year average interest rate is used as an basis for evaluation as most borrowers can refinance or switch to a different bank after this period without incurring any penalty or clawback of legal fee subsidy (if applicable).
However going with this lowest average rate may or may not be the best choice for you as everyone’s needs and circumstances are different. Some people might want to look at 2 years’ average with a view to sell the property and exit the market. Also different banks’ packages have different features which might interest or be of value to some for example single rate (or infinity rate), free switching of interest period, fixed instalment period, low re-pricing fee, or even a mortgage-linked savings account that pays the same deposit interest as your housing loan interest rate. Speak to an experienced mortgage broker today who can walk you through the differences and help you look at the total value proposition.
Housing loan interest rate in Singapore can be either fixed or floating. A floating rate housing loan is one where it varies in accordance with a pre-set index like the 3-month Sibor or money market rates. A fixed interest rate housing loan differs in the initial years where the interest rate is fixed and will not fluctuate with changes in the interest rate movement thus giving peace of mind to the borrowers especially in a rate hawkish environment.