Anonymous

24 Feb 2020

∙

What are the most popular bank loans for BUC EC right now?

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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Davin

24 Feb 2020

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.

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J J

23 Feb 2020

I prefer fixed rate for x years contract

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How does a bank loan for EC (BUC) work?

Do you recommend a bank loan or HDB loan if planning to sell a BTO after MOP? HDB Loan will require you to pay back everything to CPF, the remaining loan amount is not credited to OA right?

How do you choose the right banks to "bank" with? (Deposits, insurance, investments, loans)?

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Looking at refinancing my EC housing loan. Any advice on which bank at this current situation, fixed or sibor?