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Anonymous

20 Aug 2020

∙

What is SORA? And is it better than SIBOR?

And how does it affect me as a homebuyer?

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Wrong Sean

20 Aug 2020

Https://www.abs.org.sg/benchmark-rates/about-so...

https://www.abs.org.sg/benchmark-rates/sor-to-sora

SIBOR will be phased out soon so SORA is the replacement. SORA will be the benchmark moving forward so home loans will use SORA.

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If i already signed up a loan for a BUC since last yr, can I now switch to a better loan plan? (Last yr i got it at 3M SORA + 0.7% frm scb, and saw there is 3M Sora +0.4% with ocbc now) thks!

What is SOR, SIBOR and SORA?

Is a fixed rate or the SIBOR rate better for private property in the current situation?

Which is better floating rate VS SIBOR?

Is it better to pay by the marked price or by instalment. Which is better? (Especially for mobile phones)

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