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Standard Chartered SORA Housing Loan

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Min. Loan $500,000 Attribute
3 yrs Ave. Rate 4.25% Attribute

Last updated on 2024-05-24

Standard Chartered SORA Housing Loan Review

Pros Pros

Legal fees subsidy for refinancing
 

Cons Cons

Subject to fluctuations in 3m SORA rate

2 years lock-in period

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Property Loan Details Stan Chart Property Loan SORA Rate

  Interest Rate^
1st year 3m SORA + 0.55% p.a.
2nd year 3m SORA + 0.55% p.a.
3rd year 3m SORA + 0.60% p.a.
Thereafter 3m SORA + 1.00% p.a.
3 years average 4.25% p.a.

 

^ Interest Rate based on latest 3 Month SORA and assuming it stays the same for first three years

 

Legal fee subsidy of $1,800 of loan of $500,000 and above

Rates are pegged to 3-month SORA

Rates are reviewed every 3 months

Minimum loan amount of $500,000

2 years Lock-In period

New/re-financing owners are eligible

 

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Standard Chartered SORA Housing Loan Review

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