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Thread: I choose this don't know good or bad

  1. #1

    Default I choose this don't know good or bad

    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.

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  5. #5
    Join Date
    May 2012
    Posts
    3,751

    Default

    For the extremely kiasee, there is also the 3 year fixed rate. 1.48 till 1.68 or 1.68 fixed.

    Low is here to stay.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

  6. #6

  7. #7

    Default

    Quote Originally Posted by Kelonguni View Post
    For the extremely kiasee, there is also the 3 year fixed rate. 1.48 till 1.68 or 1.68 fixed.

    Low is here to stay.
    Most still believe interest rate going up because they don't believe in Money printing.

    Maybe Singapore currency should show the Bank that prints it just like HK currency.

    https://www.google.com.sg/search?q=H...w=1094&bih=487


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  10. #10

    Default

    Thanks for the article, repriced loan at FHR9 + 1.05


  11. #11
    Join Date
    Mar 2009
    Posts
    10,739

    Default

    Very attractive, but seems only for new launch only? In this case you are unlikely to realize advantage of it. Better go for DBS FHR+0.8% throughout.

  12. #12
    Join Date
    Mar 2009
    Posts
    10,739

    Default

    FHR9 is how much now?

  13. #13

    Default

    Can I ask if I can refinance my BUC condo after 3 years even though it has not TOP?

  14. #14

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    FHR9 = 0.25 for now

    Quote Originally Posted by teddybear View Post
    FHR9 is how much now?

  15. #15
    Join Date
    Mar 2009
    Posts
    10,739

    Default

    FHR (0.25) + 1.05% = 1.3%, is this throughout rate or only first few years?


    Quote Originally Posted by 2824 View Post
    FHR9 = 0.25 for now

  16. #16

    Default

    Quote Originally Posted by DHT View Post
    Can I ask if I can refinance my BUC condo after 3 years even though it has not TOP?
    Ask your Bank.

  17. #17
    Join Date
    Nov 2015
    Location
    Duo Residences
    Posts
    291

    Default

    I had just re-financed to FHR for Duo after 3+ years (SIBOR locked in from 2013-2017). I do believe rates will remain relatively flat for the next few years.

  18. #18

    Default

    Quote Originally Posted by teddybear View Post
    FHR (0.25) + 1.05% = 1.3%, is this throughout rate or only first few years?
    Throughout rate

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