Private Property Home Loan For Building Under Construction (BUC)
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.
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(Note: We have replaced this page on 1 Mar 2018!)
Check out our new Interactive Rates Display Engine for the latest private property BUC packages -> Click HERE
Our Home Loan Rates Report shows everything that you need to know about the packages above including lock-in period, penalty, availability of legal subsidy & how much, etc.
The home loan packages above are sorted and ranked in order of the lowest average interest rate in the first 3 years. Three-year average interest 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 home 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.
Home loan interest rates in Singapore can be either floating or fixed where the latter being one where the interest rate is fixed in the initial few years (usually two to three years in Singapore). However in cases of Building-Under-Construction (BUC) where the home loan is not disbursed in full but progressively as the property gets developed, almost all banks offer only home loan interest rates which are floating in nature.