POSB Home Loan 2+2

POSB Home Loan 2+2 is the first home loan to let you enjoy an affordable fixed rate for 2 years. Thereafter, you can choose the same fixed rate for another 2 years!

How does POSB Home Loan 2+2 benefit you?

Here's an illustration:

Taking advantage of POSB Home Loan 2+2 is easy!

Once you've decided to extend your fixed rate for another 2 years, simply:

1. Call our Customer Solutions at at least one month before the end of year 2.
2. Indicate your decision to further your fixed rate for years 3 and 4 over the phone.

Why choose POSB Home Loan 2+2?

• First 2 years: affordable fixed rate
• Years 3 & 4: choose to continue with same fixed rate or move to the floating rate
• Protection against higher repayments due to rising interest rate
• Our flexible commitment period allows you a win-win situation in any interest rate environment
• Attractive rate for renovation loan

Next Steps

• Visit any POSB branch or call us at             6333 0033      
• Request a consultation
• Get Approved-in-Principle

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OCBC Renovation Loan

The OCBC Home Solutions Package helps you realise your dream home. We have put together an attractive Renovation Loan package with a selection of preferential Credit Cards and EasiCredit privileges that offer up to 10 times your monthly income!

Benefits

Up to S$30,000 or 6 times your monthly income, whichever is lower.

Attractive Interest Rate - Save more with our highly competitive rate.

Easy Repayment Scheme - Choose from 1 to 5 years to repay your Renovation Loan. The competitive interest rate is based on monthly-rest, which means that each monthly repayment reduces your loan amount and interest charges, so you enjoy better savings.

Complimentary group term life insurance coverage1 - Receive coverage for your full loan outstanding during the entire period of your loan.

Additional funds for furnishings - Receive additional funds of up to 4 times your monthly income with OCBC EasiCredit and BEST-OCBC Platinum MasterCard.

Eligibility

Applicants must be Singapore Citizens or Permanent Residents between 21 and 55 years of age as of date of applicantion. You can apply with your spouse, child, parent or sibling. Please submit documents as per Main Applicant.

To get a loan for your renovation: For Single Applicants - earning at least $36,000 per annum For Joint Applicant - total annual income of at least $36,000 between main and joint applicants, the main applicant must earn at least $24,000 per annum For commission-based earner or self employed, the applicant must be in current business for 2 years

How to Apply 

Click here for an application form, attach the required documents with completed form and mail to us at OCBC Bank, Home Solutions Package, Robinson Road P.O. Box 1187, Singapore 902337.

Or visit us at your nearest OCBC Branch.

For more information, please call our Customer Service Executives at             1800 438 6088      .

¹Insurance coverage is subject to insurability and underwriting conditions as may be imposed by Great Eastern Life Assurance Co Ltd, or such other insurer as may be appointed by OCBC Bank from time to time.

For more details plese see OCBC Renolvation Loan

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Get Up To $500 voucher for Referring Friends on Citibank Home Loan

At Citibank Home Financial Services, we are dedicated to providing a wide range of home financing solutions to suit each individual's needs. S$100,000 – S$300,000 S$50 > S$300,000 – S$500,000 S$150 > S$500,000 – S$1,500,000 S$300 > S$1,500,000 S$500 Click here to learn more about our products. Terms and Conditions: Citibank Home Financial Services Member-Get-Member Promotion • The shopping vouchers are subject to additional terms and conditions of the merchant. Citibank shall not be responsible for the quality, merchantability or the fitness for any purpose or any other aspect of the products and/or services obtained in exchange of the shopping vouchers. • Citibank's decision on all matters relating to this Promotion is final and binding. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional materials relating to this Promotion, these terms and conditions will prevail insofar as it relates to this Promotion. • This Promotion is not available with other rewards/promotions. No agent or 3rd party fees are payable. • Citibank reserves the right to vary, delete or add to any of these terms and conditions, and to suspend or terminate the Promotion without any prior notice. Click here for full Terms and Conditions for Citibank Home Financial Services Member-Get-Member Promotion. For more details, please see at Citibank Website

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UOB Home Loan, rewards for refinancing referral

You would like to help friends, family or relative on recommending home loan with attractive interest, customised home loan package as well as flexible financing option, at the same time you would like to enjoy rewards from doing it? Check out this home loan offering from UOB:

From 1 April 2011, simply refer your friends or loved ones to finance their property with UOB and receive TANGS Gift Vouchers or enjoy a luxurious stay at Capella™, Singapore.

For more information, please call our 24-hour Customer Service Hotline at            1800 388 2121      . or click here for the details offering.

Note:

* Rewards are accorded based on each successful referral. Your loan referral is considered successful upon your friend or loved one’s acceptance of the Bank’s Letter of Offer.

Also please take note on the Terms and Conditions apply.

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6 Steps To Choosing The Best Housing Loan Singapore That Is Right For You

The housing loan Singapore you choose to take up is almost as crucial as the home you choose to buy.

After all, buying a house is the biggest financial commitment in the lifetime of most people. Small differences in housing loan interest rates can appear to be insignificant but can mean thousands of dollars in savings in the long term. There is a number of mortgage lenders in the market. And unless you know of mortgage bankers personally, they might not necessarily always have you best interest in mind. Even worst is if they have little experience and have a hard time convincing the lender’s underwriters to approve a very attractive deal for you. Here are 8 simple steps to take note when you are looking for a home loan in Singapore.

1) Go shopping

What do you do when you want to buy a television set? You shop around! You look for the best deal even when you have decided on a particular brand and model in mind. If you are going to spend time to shop around for the best deal when it comes to your thousand dollar television set, you should definitely shop around for a housing loan Singapore that comes up to hundreds of thousands of dollars.

Each housing loan Singapore package serves a specific customer profile that the mortgage lender has identified. You need to find the package that suits your profile and won’t put undue stress on your personal finances. The more mortgage lenders you talk to, the more bank housing loan packages that you will learn about. And the better chance that you will find a mortgage that is a perfect fit for you and your family.

2) Decide on the terms you want.

Most people look out for interest rates before looking at the terms of the housing loan Singapore. One of the most common reasons for people to decline mortgage offers is when they learn about unfavorable home loan terms only after everything else has been agreed upon. These situations waste your precious time.

Decide on things like loan tenure, redemption penalty fees, fixed or floating rates, monthly payments that you are comfortable with, lock-in period, etc.

3) Continue shopping for favorable interest rates and closing costs.

An important thing to note at this stage is to remember to compare apples to apples. You may have come to a stage when you have a choice of lower home loan interest rates with higher closing costs or higher interest rates with lower closing costs. Choose wisely and use a housing loan calculator to help make you housing loan comparison. Only then will you have a good idea of what is the best deal around.

Floating interest rates for housing loan Singapore are commonly pegged to the SIBOR or SWAP rates depending on the mortgage lender that you have approached.

4) Break down the fees that you have to pay

Make a list of the costs that you can control and those that you cannot. There are some portions of the closing costs that a lender may subsidize for you. Make sure you ask about subsidies. There are also other associated costs that you may be able to safe a hefty sum by looking for a provider yourself. Check out what are the costs that you have flexibility to take control and decide for yourself what you have to do.

5) Take a good look at the housing loan Singapore lender

If you have any suspicion that your banker is incompetent, you should consider switching. You are making a big financial commitment and you want someone who can give you good advice with work competence. If by some reason, you know that you are not getting a good and fair deal, you can always walk away.

6) Lock in your home loan interest rate

Interest rates fluctuate. You cannot expect a lender to give you the same home loan interest rates stated 6 months ago especially when market conditions have changed dramatically. So you have to lock in you home loan interest rates when you have decided that you have found the best deal for you.

These are 6 easy steps to find the best housing loan Singapore for you. If you find that it can be a huge hassle or feel lost because this is something totally new to you, you can engage our FREE service to do it for you. Our assistance is FREE to you because we are compensated by the banks separately. Contact us via the home page at housing loan Singapore

Source: Housing Loan Singapore

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