Private Property Fixed Rate Housing Loan

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Receive UP TO $200 TANGS GIFT VOUCHER When You Refinance Or 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.

 

See Also Our Top 10 Packages For :
Private Property Completed (Floating Rates) | Private Property (BUC)
HDB Property Completed (Floating Rates) | HDB Property Completed (Fixed Rates)

1-Dec-2018new purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loanindia bank housing loannew purchase housing loan
Loan TypeDBS Fixed RateOCBC Fixed RateUOB Fixed RateHSBC Fixed RateMAYBANK FixedBANK OF CHINA FixedSTATE BANK INDIA FixedCITIBANK Fixed
Loan PegFHR8 = 0.50%MBR = 1.55%1M SIBOR1M SIBORSRFR2 = 4.50%3M SIBORBOARD = 6.00%1M SIBOR
2-Year FixedY1: 2.38% (Fixed)Y1: 2.58% (Fixed)Y1: 2.48% (Fixed)Y1: 2.50% (Fixed)Y1: 2.48% (Fixed)Y1: 2.10% (Fixed)Y1: 2.15% (Fixed)Y1: 2.28% (Fixed)
Y2: 2.38% (Fixed)Y2: 2.58% (Fixed)Y2: 2.48% (Fixed)Y2: 2.50% (Fixed)Y2: 2.48% (Fixed)Y2: 2.10% (Fixed)Y2: 2.15% (Fixed)Y2: 2.28% (Fixed)
3-Year FixedY1: 2.68% (Fixed)nilY1: 2.68% (Fixed)Y1: 2.65% (Fixed)nilY1: 2.25% (Fixed)nilY1: 2.48% (Fixed)
Y2: 2.68% (Fixed)nilY2: 2.68% (Fixed)Y2: 2.65% (Fixed)nilY2: 2.25% (Fixed)nilY2: 2.48% (Fixed)
Y3: 2.68% (Fixed)nilY3: 2.68% (Fixed)Y3: 2.65% (Fixed)nilY3: 2.25% (Fixed)nilY3: 2.48% (Fixed)
Lock-In Period2/3 years2 years2/3 years2/3 years2 years2/3 years2/3 years2/3 years
Partial Redemption Penalty1.50%1.50%1.50%1.50%1.50%1.75%1.50%1.50%
Full Redemption Penalty1.50%1.50%1.50%1.50%1.50%1.75%1.50%1.50%
Legal Subsidy/RebateYesYes0.40% of loanYes0.40% of loanYes0.40% of loan0.20% of loan
Subsidy Cap At$2,000$2,000$1,800$2,000$2,000$1,800$1,000$2,500
Min. Loan (for subsidy)$500,000$500,000$100,000$800,000$100,000$500,000$250,000$100,000
new purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loannew purchase housing loan

*Note the following :

  • Rate Basis tells you the benchmark used for the package, typically Sibor or Board rate. Spread refers to the mark-up (or profit margin) above Sibor or a discount margin below Board
  • Sibor (Singapore Interbank Offer Rate) is updated weekly at bottom of our Home page
  • DBS FHR (Fixed Deposit Home Loan Rate) is defined as the the average of their prevailing 12mth and 24mth SGD fixed deposit rates for amts between $1000-$9999
  • ANZ’s 3M Combo Rate is defined as the average of 3M sibor & 3M sor rates
  • Citibank offers free switching between 1M,3M,6M,12M sibor anytime during the tenure (1M not avail for HDB loans). For illustration purpose 1M rate is used

 

Request Detailed Loan Comparison Report Now! Click button >

 

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 housing loan  rate in the first 3 years. Three-year average 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).

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 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 rates in Singapore can either be fixed or floating.  Fixed rates as the name suggest, refer to loans where the interest rate is set for the initial years of the tenure and will not change.  This gives certainty to a borrower who then pays a fixed monthly repayment without worries on cash flow should market rates go up.  However the rates do get reverted to floating once the promotional period is over typically three years.

Floating rate housing loans on the contrary starts on a floating interest structure from day 1 of the tenure.  This usually follows after an agreed peg like money market Sibor or Sor rates on either a monthly or quarterly basis.  The bank charges a certain spread above the peg which forms its profit.

Request Detailed Loan Comparison Report Now! Click button >

 

See Also Our Top 10 Packages For :
Private Property Completed (Floating Rates) | Private Property (BUC)
HDB Property Completed (Floating Rates) | HDB Property Completed (Fixed Rates)

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