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Last updated on 2021-05-20
Low interest rate spread of +1.08% to +1.78% p.a. for loan package for 1st 3 years
Legal fees subsidy for refinancing
High interest rate spread of +2.88% p.a. for loan package after 3 years
Higher interest rate after 3 years
Subject to fluctuations in 3m SIBOR rate
2 or 3 years lock-in period
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Bank of China Property Loan SIBOR Rates
| Interest Rate^ | |
|---|---|
| 1st year | 3m SIBOR + 1.08% p.a. |
| 2nd year | 3m SIBOR + 1.18% p.a. |
| 3rd year | 3m SIBOR + 1.78% p.a. |
| Thereafter | 3m SIBOR + 2.88% p.a. |
| 3 years average | 2.34% p.a. |
^ Interest Rate based on latest 3 Month SIBOR and assuming it stays the same for first three years
Legal fee subsidy of 0.40% of loan or $2,000 whichever is lower
Rates are pegged to SIBOR
Rates are reviewed every 3 months
Up to $500 subsidy for valuation and fire insurance each
Minimum loan amount of $800,000
2 years Lock-In period for completed properties
3 years Lock-In period for buildings under construction
Not eligible for industrial buildings
New/re-financing individual owners are eligible
Bank of China Property Loan PromotionsReceive up to S$750 cash from Money Lobang when you successfully apply or refinance for a property loan via our Property Loan Cashback Promotion (Until 30 Jun 2021)
Make a loan enquiry about this Bank of China SIBOR Commercial Property Loan
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