Residential Property Home Loan

Whether buying a property for own stay or investment, for long term or short term, choosing the right loan package is a crucial process as it will eliminate unnecessary costs later.

The main features of the loan package we should look at are interest rates, loan-to-value ratio, loan tenure, repayment, lock-in-period, prepayment penalties, subsidies, interest offset features, valuation etc.

Choice of reference rates for home loans include; (i) Singapore Interbank Offer Rate (SIBOR), (ii) Swap Offer Rate (SOR), (iii) Board Rates (to the Banks' discretion) or (iv) Fixed Rates.