PACKAGE 3: FLOATING FD PROPERTY LOAN RATE_15M PEGGED (2 YEAR PENALTY PERIOD)
(For completed properties, min $100K Loan outstanding)
Yr 1: 1.38% (FDPR_15M + 1.13%)
Thereafter: 1.38% (FDPR_15M + 1.13%)
The bank’s prevailing FD Property Loan Rate_15M (FDPR_15M) is at 0.25% p.a.
Partial Redemption Penalty: Nil.
If loan outstanding fall below $200,000 after partial repayment within the lock in period of 2 years from the date of conversion, a penalty of 1.50% on the prepaid amount will be imposed.
Partial Prepayment is subject to 1 month written the notice.
Full Redemption Penalty:
1.50% on redeemed amount within 2 years from the date of conversion.
Full redemption is subject to 3 months written notice.