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Anonymous
I'm currently shopping for the bank loans (loan >800k, 30 years) with the best interest rate right now and am more looking at FHR8 or SIBOR rates instead of MBR since MBR is less transparent. Not sure which bank do people normally choose and why? Is there an ultimate guide on bank loans and their jargons?
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I prefer fixed rate for x years contract
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For BUC, only can choose floating rate. Sibor is the most transparent 1. I choose local bank like uob or DBS as my broker say when the interest rate increase, they r slower compare to foreign bank.