![]() The final decision on how the OHR is calculated still lies entirely on the bank itself. However, the OHR is ultimately still a board rate. This means that repricing fee is completely free.Īnother feature that gives customers flexibility is that they can prepay 50% of their loan during the 2-year lock-in-period for completed properties without penalty. How this helps is that if OHR increases to a rate that you do want to pay for, you can negotiate with the bank for a new-OHR package at no cost. One unique feature is that the OHR offers customers a free switch if OCBC Home Rates were to shift upwards. The OHR benchmark is a rate that’s managed directly by the bank. ![]() How is OHR calculated, and should u consider taking up the OHR? Since October 2017, OCBC dropped the OCBC Fixed Deposit Monthly Rate (FDMR), which is their fixed deposit-linked home loan rate, and created a new product called the new OCBC Home Rate, or OHR.īorrowers may be confused with the introduction of yet another acronym. How does OCBC compare to the other major banks when it comes to home loans?īelow, we have compiled a list of features for your benefit that are unique to OCBC when it comes to applying for a home loan with OCBC: OCBC Home Rate Package ![]() In Singapore, there are quite a number of major banks that offer attractive interest rate packages for your financing needs. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |