Saturday, 8 March 2014

United Kingdom London Property Loan - OCBC Bank Singapore

OCBC Bank Singapore UK Bank Loan


United Kingdom London Property Loan - OCBC Bank Singapore- Personal Bank Loan

Financing Term
Description

Purpose

-Purchase for Investment


Eligibility

-Singapore Citizens, Permanent residents and Foreigners.
-Aged 21-70 years old


Loan Currency

SGD (Singapore Dollar) Loan


GBP (Pound) Loan

Interest Rates

3MSIBOR +2.5% Throughout

3M GBP COF + 2.75% for up to 50% financing

3M GBP COF + 3.25% for > 50% financing


Loan Quantum

-Minimum SGD 300,000 or
Minimum GBP 200,000
Up to 75% financing for selected projects.


Loan Tenor

-Minimum 5 years
-Maximum 25 years


Loan Repayment

-Monthly repayment of principal and interest


Administration Fee

GBP 500 + (0.10% of Purchase Price) which covers the valuation fee of the property.


Partial Prepayment
Penalty

Partial prepayment must occur on each rate review date; otherwise a partial prepayment fee of 1.5% will be charged on the amount prepaid.


Full Redemption Penalty

If loan is fully repaid on a non-rate review date, 1.5% will be charged on the amount outstanding.


Cancellation Fee

1.5 % on amount cancelled


Expenses

All expenses including legal fees, annual review charges, taxes, duties, remittance charges and insurance coverage will be borne by the borrower.


Insurance Coverage

Fire insurance coverage for landed property


*Application is subject to the Bank's other Terms & conditions.
*SIBOR is currently around at 0.4% p.a. as of 08/03/2014

Check your loan eligibility at No Cost!

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


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