OCBC Mortgage refinancing

Hi! I'm am on the OCBC SIBOR floating packages but it seems like they will be discontinued soon. Does anyone know the exact timeline as to when they will kick us off?

Also looking to refinance, does anyone here have information on what are the best deals? I heard that the rates shown on the website are usually not the final ones, and brokers/bankers usually can offer a better %.

Appreciate all tips! :)

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Redbrick Mortgage Advisory

18 Jan 2023

Maestro at Redbrick Mortgage Advisory

Hi Angela,

As for Sibor, it will be discontinued by end-2024, in line with global reform efforts to improve the robustness and integrity of financial benchmarks. (according to https://www.straitstimes.com/business/banking/s...)

If you like, you can chat with our mortgage advisors for a non-obligatory comparison on your refinancing options.

It's simple, just send in your enquiry via https://www.redbrick.sg/package-refinance/

Also, here are 2 reference articles that may help you too.

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Tony

10 Jan 2023

Computer Engineering at Nanyang Technological university

If i'm not wrong it's 31 Dec 2024.

you can "bargain" for a slightly better rate with the broker/bankers. since your loan is with OCBC, you can check with OCBC what rate they offer for repricing your loan.

moneysmart got a list of rate, https://www.moneysmart.sg/home-loan

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