• Interest Rate (p.a)

    1.95%

  • Loan Type

    Private

  • Loan Rate Type

    Variable

  • Lock in Period

    None

Loan calculator
Loan amount

S$

Loan Tenure (years)
Product Type
Interest Rate (p.a)

1.95%

Monthly Repayment

S$2,203

Whats so great about OCBC Home Loan?
  • Variety of IBR and SIBOR Packages
  • Low minimum loan amount

Product Features

Minimum Loan Amount S$300,000
Loan Tenure 5 years - 30 years

Fees & Charges

Default Fee A minimum fee of S$50 for each late repayment
Changing the date for paying off the fee S$200 for each notice
Delay in releasing the A title deed custody charge S$500 a year
Administration fee for fire insurance that is not for OAC S$200 a year
Loan statement S$30 for each page

Eligibility

Citizenship Status Singaporean, Permanent Residents, Foreigners who are residing and working in Singapore, Malaysians that are looking to invest in properties in Singapore.

Product Review by iMoney

Is OCBC Home Loan Right For You?

OCBC Fixed Deposit Mortgage Rate

OCBC FDMR is a mortgage rate that is pegged to the Fixed Deposit interest rate that the bank offers. While SIBOR rates are fully transparent and are not internally determined by a bank, and board rates can be adjusted solely at the discretion of a bank, fixed deposit mortgage rates lie somewhere in the middle.

Highest was 0.925% from 8 Nov 2005 to 8 Mar 2009. It is 0.65% since 1 Nov 2011. 1-time free repricing if FDMR increases. Partial payment is allowed at 50% of original loan within first 3 years.

OCBC Internal Board Rate Packages

OCBC offers both fixed rate and a variety of floating rate packages to cater people with different needs. There are two internal board rate packages whereby the package without lock-in period is mainly suitable for short term investors.