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Anonymous

04 Jun 2021

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Home loan question

Hi all, seeking opinions on the various bank loan offerings specifically between SORA+ 1% and FHR +1%. And what are the disadvantages and advantages of each. Thank you!

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Tan Choong Hwee

04 Jun 2021

Investor/Trader at Home

You may read about various reference rates used for home loan:

SIBOR vs SORA vs FHR vs Fixed Rates

In short, SORA is computed based on recorded past transactions from the banks. On other hand, FHR is based on fixed deposit rates of the bank you are applying the loan from. Therefore. SORA is more transparent and FHR is tied to and at the discretion of specific bank.

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