OCBC delivers several different dwelling bank loan offers for HDB flats, presenting competitive curiosity fees as a substitute to your HDB Concessionary Loan. Their offerings include things like both fixed and floating charge solutions. As an example, a set-fee deal might offer a price of 2.32% p.a. for a two-calendar year lock-in interval, though a floating-level possibility is usually pegged on the 3-Thirty day period Compounded SORA that has a unfold. To become suitable for an OCBC HDB financial loan, applicants have to be at the least 21 a long time aged and meet up with a minimum personal loan volume of S£200,000 for HDB flats. The financial loan sum and acceptance are subject to the whole Personal debt Servicing Ratio (TDSR) as well as the financial institution's credit rating evaluation of your borrower's revenue and money obligations. OCBC is noted for its quick application approach and also provides specialised products and solutions just like the Eco-Care Residence Bank loan for Houses which has a BCA Environmentally friendly Mark certification. The lender's financial loan products and services also present check here versatility for borrowers to reprice their mortgage package or make partial prepayments.