Monday, 9 December 2013

Malaysia Property Loan - OCBC Bank Singapore

OCBC Bank SG

OCBC SG Personal Bank Loan


No lock in SIBOR Package
Year 1
Year 2
Year 3
Year 4
Year 5
Thereafter

3 months SIBOR* + 2.5%
3 months SIBOR* + 2.5%
3 months SIBOR* + 2.5%
3 months SIBOR* + 2.5%
3 months SIBOR* + 2.5%
3 months SIBOR* + 3.0%
Margin of Finance
Singaporean
Completed Project: Up to 70%
Uncompleted Project: Up to 70%

Foreigner
Completed Project: Up to 60%
Uncompleted Project: Up to 50%

Maximum Loan Tenure

Minimum loan of $200,000 SGD equivalent. Loan up to 70%; up to age 75 years or 25 years loan tenor whichever is earlier.

Legal Matters- Fees According to the loan amount (typically borne by borrower)

For Direct purchase from developer, the fee is 65% of the applicable fees upfront if the purchase as well as the loan sum is in excess of RM 500,000

Additional charge of 10% of the scale fee (Subject to a minimum fee of RM200 and a maximum fee of RM 1,000) each subsidiary instrument.

-First RM 150,000 : 1.0%
-Next RM 850,000 : 0.7%
-Next RM 2,000,000 : 0.6%
-Next RM 2,000,000 : 0.5%
-Next RM 2,500,000 : 0.4%
-Above RM 7,500,000 : Negotiable on the excess (not exceeding 0.4%)

Stamp duty of RM 500 plus RM 10 per duplicate copy of the document. For OCBC, the letter of offer will be stamped at RM 500 plus RM 10 for duplicate copy.

Others benefit
- Cheaper to loan in SGD with interest of approximately 2.88% in comparison to RM loans at 4.2%
-Convenience of over 55 branches in Singapore to provide for client banking needs.
-Cheaper stamping fee for OCBC Bank Singapore at RM 500 over other banks.

*SIBOR is currently around at 0.33% p.a. as of 29/10/2013

Check your loan eligibility at No Cost!


SMS 'OCBCSGBank’ & YOUR NAME TO (+65) 91259978 to get in touch with a Banker-Lawrence Tan from OCBC Bank Singapore.

**Check up Overseas New development opportunity is available Now.***