Inter-bank rates July 2016
- 07
- Jul
Here are the rates for July 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...Inter-bank rates June 2016
- 01
- Jun
Here are the rates for June 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...Inter-bank rates May 2016
- 13
- May
Here are the rates for May 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...Inter-bank rates April 2016
- 12
- May
Here are the rates for April 2016. * Rates are rounded to the nearest 2 decimals.
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Here are the explanation for the different terms you would commonly see in a bank’s letter of offer. 1.Commitment Period (Lock-in Period) 2.Cancellation fee 3.Interest Review Date 4.Loan commencement date Commitment Period (Lock-in Period) Like signing a mobile phone contract from a telco, you are “stuck” with the bank for that particular period. […]
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Since 2007, the mortgage market is dominated by mainly Sibor/SOR, Fixed Rate and board rate package. In 2014, DBS is the first bank to offer mortgage loan package pegged to their fixed deposit rate (FHR). In late 2015, OCBC launched their own version called FDMR36. So how does this type of rate works? When DBS first launched […]
Continue Reading...Inter-bank rates March 2016
- 17
- Mar
Here are the rates for March 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...Here are the rates for February 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...Here are the rates for January 2016. * Rates are rounded to the nearest 2 decimals.
Continue Reading...What is Sibor and SOR?
- 02
- Sep
News media have been publishing about Sibor or SOR hitting the roof or going rock bottom, so what has it got to do with housing loan? Let me explain here, Singapore Inter-bank Offer Rate (Sibor) is a reference index that defines the interest rate the banks is going to charge when they lend money to each other […]
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