Property Financing

Hi valued clients,

- Many home sellers are thinking if they are making the right decision on $ to sell, and at what value a banker can provide?
- Many home buyers are thinking if they should be buying their dream homes at the asking price? If they are buying at value? And, which bank offers the best finance package to suit their needs?

I compile regularly herewith information from various banks for financing rate reference; and offer a 1-stop solution from estimated bank valuation for private properties to financing and refinancing.
Please note information provided may change from time to time.  Pls do call me at 9876 5130 to get most updated rates.
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- SCB (as of 27 Feb 2010):
- Fixed at 1 year from 1.25%.

- Hong Leong Finance (as of 25 Feb 2010):
HDB home loan rate

2 yr fixed rate package

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1st yr – 1.58%

2nd yr – 1.98%

3rd yr – 2.78%

thereafter – 3.28%

 

Variable rate package

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1st yr – 1.33%

2nd yr – 1.83%

3rd yr – 2.43%

thereafter – 3.13%

- CIMB (as of 22 Jan 2010):
80% Home loan packages (No lock-in SOR package) for private residential properties (completed, TOP & Uncompleted):  
No lock-in
Yr 1: 3M SOR + 0.98%
Yr 2: 3M SOR + 0.98%
Yr 3: 3M SOR + 0.98%
Thereafter: 3M SOR + 0.98%

  • No partial prepayment fee
  • No full prepayment fee
  • Cancellation fee at $1000 or 1.50% on amount cancelled or undisbursed, whichever is higher
  • Legal subsidy of 0.4% of loan amount capped at $2500, and Valuation subsidy up to $500. (Subjected to 3 years clawback)
  • Free Fire Insurance for 2 yrs.
  • Age at loan maturity is 70 years old or maximum loan tenor is 40years, whichever is earlier
  • Minimum loan amount is at $500,000

  • - Borrowing rates from UOB/ OCBC/ DBS/ HSBC/ MAYBANK are also available on request.

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    TC Tan
    Associate Division Director
    ERA REALTY NETWORK PTE LTD
    98765130tctan@gmail.com
    CEA Licence No.:
    L3002382K / R018953J
    +(65) 9876 5130