September Sibor Rate

September Sibor Rate

We compile the 2010 September Sibor Rate for your personal information.

September Sibor Rate is not meant for investing money in property or for calculating your bank loan payments.

September Sibor Rate :

DATE : 24 Sep 2010

3 month September Sibor Rate = 0.56

6 month September Sibor Rate = 0.63

12 month September Sibor Rate = 0.88


Singapore Housing Loan Rates subject to change.
Housing Loan Rate

HDB Loan Eligibility Conditions

HDB Loan Eligibility Conditions

We share the eligibility conditions for HDB Concessionary loan.

HDB provides housing loans at concessionary interest rate to eligible flat buyers, subject to HDB's credit assessment and prevailing mortgage loan criteria.

Since 1 January 2003, flat buyers who are not eligible for an HDB loan will have to take a loan from a bank/financial institution that is licensed by the Monetary Authority of Singapore to provide housing loans.

Flat buyers can apply for an HDB loan if you and / or your essential occupiers (if any):

(a)
have at least one buyer who is a Singapore citizen;
(b)
have a gross monthly household income not exceeding $8,000;
(c)
have not previously taken two or more HDB concessionary interest rate loans;
(d)
do not own any private residential property^ in Singapore or overseas;
(e)
have not disposed off any private residential property^ within 30 months before the date of application for HDB Loan Eligibility (HLE) and have never taken any HDB concessionary interest rate loan;
(f)
do not own more than one market / hawker stalls or commercial / industrial
property in Singapore or overseas;
(g)
own one market / hawker stall or commercial / industrial property and operate the business yourself;
(h)
are buying a 5 room or smaller resale flat under the Single Singapore Citizen (SSC) Scheme with a gross monthly income not exceeding $3,000.

^ Private residential property include HUDC flat / Executive Condominium.

Singapore Housing Loan conditions are subject to change.

Housing Loan Rate

Housing Loan Calculator

Housing Loan Calculator

Using Housing Loan Calculator, we present calculations for a housing loan for a property purchase of $1,000,000 to be paid over 20 years at 3% interest rate per annum throughout.

Here is the detail of Housing Loan Calculator:

Property Price = $1,000,000

Loan Tenure = 20

5% cash downpayment = $50,000
15% CPF downpayment = $150,000
Amount of Loan = $800,000

YEAR | Monthly Repayment

1 = $4,437.78

2 = $4,437.78

3 = $4,437.78

etc

At end of 20 years repayment:

Total Payments towards interest = $264,827.39
Total Payments towards principal = $800,000.00
Total Principal plus interest paid = $1,064,827.39


Housing Loan Rate

OCBC Bank Housing Loan

OCBC Bank Housing Loan

OCBC Bank Housing Loan approval for HDB flat in 30 minutes, even on Sundays.

Visit any OCBC Bank branch to enjoy application fofr OCBC housing loan with SingPass. Even on Sundays at any OCBC Bank Sunday banking branches.

Details of OCBC Bank Housing Loan at shown.

Terms and conditions of OCBC Bank Housing Loan:

Apply personally at any OCBC Branch to enjoy preferential HDB Home Loan packages for a limited period.

Please come with your SingPass to facilitate online retrieval of your income document(s).

The original Option to Purchase and a copy of the HDB Valuation Report for the purchased flat is also required.

The HDB Home Loan packages are subject to relevant terms and conditions governing such loan packages.

OCBC Bank housing loan offer is subject to satisfactory credit checks and approval.



Housing Loan Rate

Citibank Housing Loan Package

Citibank Housing Loan Package

We highlight Citibank Housing Loan Package in Singapore. This Citibank bank housing loan package is taken from Citibank bank in Singapore.

Some of the Citibank Housing Loan Package details for year 2010 are shown today.

Citibank Housing Loan Packages:

Home Loan Fees and Rates

Interest Rates of Citibank Housing Loan Package:

Citibank offers a variety of Board Rate* as well as Index Linked (SIBOR/SWAP linked) packages. Please speak to us today on 62255225 for our latest interest rate packages.

Prepayment Fee of Citibank Housing Loan Package:

A prepayment fee may be applicable on partial or full prepayment of your loan depending on your loan package.


Administrative fee for effecting fire insurance for the mortgaged property of Citibank Housing Loan Package:

S$100 per year per renewal

Administrative fee for repricing of Citibank Housing Loan Package:

Up to 1% of loan outstanding at the time of request
Administrative fee for subsequent valuation requested by customer
S$50 (This does not include the actual cost of valuation charged by the valuers, which will be borne by the customer).

Third party costs of Citibank Housing Loan Package:

Refers to costs such as legal, valuation etc. which are chargeable as applicable by the relevant third parties.

Important Information of Citibank Housing Loan Package:

For a Board Rate package, the Board Rate (if any) quoted to you applies only to the loan package you enquired about. The Board Rate may differ from the Banks Board Rates applicable to other home loan packages and/or banking products. The Board Rate is subject to change by the Bank from time to time, depending on the Banks internal cost of funds, against which the said Board Rate is benchmarked. Upon commitment AND disbursement of your loan, the Bank will inform you of any change in the applicable Board Rate by giving you 30 days' notice.

For an Index Linked (SIBOR/SWAP) package, the interest rate quoted to you is benchmarked against the Singapore Interbank Offered Rate ("SIBOR")/SWAP mid rate. Accordingly, the interest rate quoted to you is indicative and is subject to any fluctuations in SIBOR/SWAP mid rate. The effective interest rate in respect of your loan will be set out in the Banks facility letter to you and will be computed based on the applicable SIBOR/SWAP mid rates on the specified reference date(s) and shall include any other pricing component which will vary according to your home loan package. The Bank is not required to give you advance notice of the SIBOR/SWAP mid rates which are applicable to your loan.

You may request for a Citibank Housing Loan Package loan repayment schedule based on your choice of loan package. Alternatively, you may retrieve the loan repayment information at www.citibank.com.sg.

Citibank Housing Loan Package details are subject to change.

Housing Loan Rate