Bank of China SIBOR Commercial Property Loan

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3 yrs Ave. Rate 2.34%
Min. Loan $800,000
Review on Bank of China SIBOR Commercial Property Loan
Pros

Low interest rate spread of +1.08% to +1.78% p.a. for loan package for 1st 3 years

Legal fees subsidy for refinancing

Cons

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

Property Loan Details Property Loan Details

  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

Property Loan Hotline Property Loans Watsapp: +65 82188190

 

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

 

Promotions Promotions

Receive 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 2020)

 

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