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DBS FHR has increased in Jan 2016!

A Happy 2016 to you guys!

Here is the first mortgage news update of the year. DBS FHR is increasing for the first time since its inception in 2014.

Tip:  What is DBS FHR?

DBS customers on the FHR home loan packages have been receiving letters from the bank informing them about the upcoming increase in their FHR rates.

FHR(12M&24M) will be increasing from 0.4% to 0.6875%. (While 12M FD rate did not change, 24M FD rate has increased from 0.55% to 1%)

FHR(18M) will be increasing from 0.5% to 0.6%.

 

Here’s how to compute the FHR rates.

Go to http://www.dbs.com.sg/personal/rates-online/singapore-dollar-fixed-deposits.page

Check out the changes here : http://www.dbs.com.sg/personal/rates-online/revision_interest_rates.page

FHR(12M&24M) = 50% of the 12M FD rate + 50% of the 24M FD rate

FHR(18M) = 18M FD rate

 

 

Looking for mortgage loans for new property purchase or refinance your existing loan? Email enquiries@mymortgage.sg for a free consultation or get started here!

 

 

 

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