OCBC gives various home bank loan deals for HDB flats, giving competitive interest prices as an alternative towards the HDB Concessionary Mortgage. Their choices include things like both equally fastened and floating fee possibilities. By way of example, a fixed-rate deal may well offer a amount of 2.32% p.a. for your two-12 months lock-in time period, while a floating-amount alternative is often pegged towards the 3-Month Compounded SORA that has a distribute. To get qualified for an OCBC HDB here loan, applicants needs to be at the least 21 decades old and fulfill a least mortgage quantity of S£200,000 for HDB flats. The bank loan amount of money and approval are subject matter to the Total Financial debt Servicing Ratio (TDSR) as well as bank's credit score assessment with the borrower's revenue and fiscal obligations. OCBC is known for its speedy application procedure and also provides specialized solutions similar to the Eco-Care Home Personal loan for Houses using a BCA Environmentally friendly Mark certification. The bank's personal loan expert services also give adaptability for borrowers to reprice their mortgage offer or make partial prepayments.