DBS home loan interest rates
DBS is a local bank headquartered in Singapore and listed on the benchmark Straits Times Index (STI) with over 200 branches in Asia across 15 markets. Its business focus is on the Asian markets, where it is growing its presence in the 3 key regions of Southeast Asia, South Asia and Greater China. The bank enjoys a strong capital position with its latest full year net profit in 2012 increasing 11% before divestment. DBS provides a wide range of financial services for its clients, including the consumer section and institutional segments. Amongst its awards and accolades include being names in 2012 as the “Safest bank in Asia” by Global Finance for 4 years in a row from 2009 to 2012 and recognised as “Bank of the Year, Asia” by The Banker.
The bank provides a myriad of home loan products, offering different types of loan packages, mortgage insurance, renovation loans and bridging loans. Their home loan packages range from fixed rates to floating rates; to CPF Ordinary accounts or a customised combination. For instance, there is a product called the “Home Loan 2+2” to allow 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. This works to protect against higher repayments due to possible higher interest rates in the near future. Those who prefer a floating rate home loan can take a look at the “Mortgage Rate Protector”. It also works to provide some confidence to the borrower by capping a rise in interest rates. When Interest rates fall, your loan rates fall as well, but interest rates increases, your loan rates will be capped, giving you full advantage of a floating rate loan. Another interesting package DBS provides is a multi-currency linked deposit which allows you to use the interest earned to offset up to 100 percent of your home loan. Sophisticated home owners may want to make use of this innovative product to make their money work harder for them.
As leading Singapore mortgage brokers, let us get you the lowest mortgage packages for: