Singapura Finance home loan interest rates

Singapura Finance was incorporated in 1950 and compared to the other financial houses, it definitely enjoys a lower profile but it was actually a pioneer of long term housing loans in Singapore. It is listed on the Straits Times Index and has operations purely locally. Today, they continue to provide property financing, but have also increased their range of financial services for individuals and businesses. These services include for commercial and industrial properties, shares-financing, hire purchase of vehicles and equipment and agency services for some statutory bodies’ staff housing loan schemes. The Singapura Finance brand prides itself on equipping customers with product knowledge and for their relationship managers to help them in making informed decisions when choosing financial products.

Singapura Finance’s home loans provide home-owners a simple and efficient loan with no need to fuss over complicated calculations. You can choose a term loan, easy loan or a combination of both for your private property financing. They also allow financing up to 80%, extending to a maximum period of 35 yearsor up to the retirement age of 65 years, whichever is earlier. Their home loans also come with a host of fee waivers and benefits, such as free valuation, no processing fee, free fire insurance for the first year and bridging loan services. For the first year, interest rate is at a fixed 1.48%, 1.88% in the second year and 1.98% in the third year. Thereafter, a floating rate will apply, where Singapura Finance will apply their lending rate+0.25% for the 4^th year onwards.  There is now an ongoing HDB Home Loan promotion with fixed rates and variable rates available starting at 1.15%.

As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for:

• Housing Loan Singapore
• Refinance Home Loan

RHB home loan interest rates

RHB Bank is one of the major banks in Malaysia and provides a full range of financial services through some 180 branches across Malaysia, Thailand, Brunei and Singapore.  As of end 2010, RHB Bank Group’s total assets amounted to more than RM 119 billion. RHB Bank was established in Singapore in 1961 as UMBC, and, through a series of growth expansion and mergers, became known as RHB Bank Berhad Singapore (RHBS) in 1999. As a fully-licensed bank, RHB’s business activities includes offering savings and fixed deposits to the public as well as providing loans and credit services to individuals and institutions. RHB Bank Berhad (Singapore) businesses are categorized into five (5) major segments, namely Consumer Banking, Corporate Banking, Business Banking, Investment Banking and Treasury services.RHB Bank Berhad Singapore now has seven branches around the city. RHB Bank Berhad Singapore is also the first and only bank in Singapore and Malaysia to be awarded the prestigious “Best Customer Experience Management of the Year Award” in banking service by APCSC Hong Kong.

RHB provides a wide range of fixed or floating rate home loans just like the other banks. Home owners can also make partial prepayment on their loan of up to 20% of the loan amount at no charge, even during a lock-in period. For legal fees, RHB also offers you a subsidy of up to $2,500 at 0.5% of your loan amount. Potential home buyers who are looking to buy properties in the Geylang area (red-light district) will also be happy to know that RHB is one of the few banks here that will finance properties in the Geylang area, which most other banks do not do. Home owners will also be pleased to know that the bank will pay for the first year premium of your fire insurance for both HDB and private property loans.

As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for:

• Housing Loan Singapore
• Refinance Home Loan

POSB home loan interest rates

POSB is a major public bank which began as the Post Office Savings Bank. It is often seen as a sort of National Bank of Singapore as it has a long standing history here. It was acquired by DBS in November 1998 and continues to provide consumer banking under its brand. POSB still operates one of the highest number of bank branches in Singapore and owns the most ATM outlets throughout Singapore. The merger of both banks allows customers of either bank to share the facilities, such as sharing ATMS and banking services in their branches. POSB has also earned its place in Singapore history, where they were once the biggest provider of private home loans in Singapore.

In terms of the variety of home loan products, POSB only provides 2 basic home loan. One of them is the POSB 2+2, which is a similar plan to the one provided by DBS. It allows the borrower to enjoy a fixed rate for 2 years, and to choose the same fixed rates from the 2 years after or move on to a floating rate. The POSB Home Ideal is an attractive home loan plan that pegs itself to the CPF rate. This ensures transparency as CPF rates are published and ensures that the borrower will not be subjected to rate surprises. On top of this, the bank has also made collaborations with MSIG Insurance to include fire insurance under its plans. It ensures that your home is protected against loss or damage resulting from fire, water and other disasters. No additional application form is required so that the home owner can enjoy the insurance coverage with much convenience.

As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for:

• Housing Loan Singapore
• Refinance Home Loan

OCBC home loan interest rates

OCBC was formed in 1932 and is the second largest banking group in Singapore by total assets. OCBC Bank was founded out of the merger of three banks in 1932 – the Chinese Commercial Bank (1912), the Ho Hong Bank (1917) and the Oversea-Chinese Bank (1919). They operate their banking business as OCBC Bank, Bank OCBC NISP and Bank of Singapore in over 15 countries. Other than banking service, OCBC also provides other financial-related services under different brand names, such as operating their insurance management under Great Eastern, asset management services under Lion Global Investors and broking services under OCBC securities, where the latter continue to grow in presence in recent years. OCBC Bank has been ranked by Bloomberg Markets magazine as the World’s Strongest Bank for two years, 2011 and 2012, named Bank of the Year 2012, Singapore by The Banker 2012 and ranks among the World’s 50 Safest Banks by Global Finance 2012.

OCBC home loan package provides 3 different ways in which home owners can choose to structure their loans.

A)   Short-term fixed Interest rates

The interest rates under this package range from 1.38% to 1.68% in the first year and protects against fluctuating interest rates for the first 2 years. The advantage of this plan is that a fixed monthly payment provides some certainty to the borrower to manage their budget. However, the rates for this package can be higher than the other 2 types of loans.

B)   Variable Interest rate

Under the variable interest rates scheme, the rates are slightly lower compared to the short term fixed rates at a range of 1.18% to 1.38%. Customers can also choose Customers can choose between different lock-in periods for future refinancing.

C)   Sibor-dependent rate

Sibor is the rate at which banks lend to one another. With this package, an increase in Sibor rates mean the borrower will have to fork out more. OCBC uses a SIBOR rate based on a rate review date and adds on a fixed percentage to the rate of the housing loan. The interest rate will be reviewed every 3 months.

SIBOR varied from 3.5% to 0.6% in past 5 years.

Other than providing home loans for the purchase of local properties, OCBC also provides financing for overseas property purchases and other renovation and construction loans.

As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for:

• Housing Loan Singapore
• Refinance Home Loan