Thread: WTS: SIBOR and SOR Packages for SG Home Loans

Hi All,

I am a mortgage consultant that has been accredited by the Mortgage Finance Association of Singapore (MFAS). I do not charge my clients any fees because the banks pay me a referral fees. I believe that I add more value than most of the property agents because I have a larger panel of banks than they do, and I do comparative analysis for my clients instead of just asking the individual bankers to call them. If you are very busy with work and spending time with family, do you want to deal with 10 bankers from different banks?

I have access to rates that are unpublished on the banks' websites. Can you imagine how much time you can save by using my free service?

Below are the attractive packages of Banks A, B, C, D, E and G for 80% financing. There are packages suitable for people currently within or without lock-in. If you would like to find out about 90% financing, kindly give me a call.

BANK A
3M SIBOR is currently 1.187 as at Sep 1.
12M SIBOR is currently 1.75 as at Sep 1.

Targeted towards New Purchase and Refinance (BUC & Completed Properties) for customers Currently with or without Lock-In. No penalty on partial and full redemption for disbursed loan, and 0.75% cancellation penalty on un-disbursed loan. One time free conversion to other packages within 6 months after TOP (For BUC new purchase only. Not applicable to refinancing for BUC properties with penalty subsidy). 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

For Private only. Min $100K, but legal subsidy only for loan >$200K.

For 0.5% and without Penalty Subsidy Packages
3M SIBOR + 0.7% throughout

For 1% Penalty Subsidy Package
Year 1 = 3 Month SIBOR + 0.7%
Year 2 & 3 = 3 Month SIBOR + 0.95%
Thereafter = 3 Month SIBOR + 0.7%

For 1.5% Penalty Subsidy Package
Year 1 = 3 Month SIBOR + 0.7%
Year 2 & 3 = 3 Month SIBOR + 1.2%
Thereafter = 3 Month SIBOR + 0.7%

Deal or No Deal Refinancing Package (Completed Properties) for customers Currently with or without Lock-In. No penalty on partial redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan. Full redemption penalty of 1.5% within 2 years.

You can have any combination for year 1 and 2, as long as the total markup for 2 years is 1%. See below for example. 0.5%, 1% or 1.5% Penalty subsidy packages subjected to 3 years clawback pro-rated on a monthly basis also available below.

For Private only. Min $500K.

Year 1 = 3 or 12M SIBOR

Year 2 = 3 or 12 Month SIBOR + 1%
Thereafter = 3 or 12 Month SIBOR + 0.7%

OR

Year 1 = 3 or 12M SIBOR + 0.5%

Year 2 = 3 or 12 Month SIBOR + 0.5%
Thereafter = 3 or 12 Month SIBOR + 0.7%

For 0.5% Penalty Subsidy Package

Add 0.25% to year 1 rate

For 1% Penalty Subsidy Package

Add 0.25% to year 1 and year 2 rate

For 1.5% Penalty Subsidy Package

Add 0.25% in Year 1 and 2 and 0.50% in Year 3

Perpetual Interest Servicing Package for New Purchase and Refinancing (BUC & Completed Properties). No penalty on partial or full redemption for disbursed loan, and 1.5% cancellation penalty on un-disbursed loan.

For Private only. Min $500K.

3 or 12M SIBOR + 1.5% throughout

Bank B

3 Month SOR (Indicative purpose only) is currently 1.2276% as at Sep 1.

Targeted towards New Purchase (BUC & Completed Properties). No penalty on partial and full redemption for disbursed loan, and 0.75% (BUC) and 1.5% (Completed) cancellation penalty on un-disbursed loan.

For Private only. Min $200K.

3M, 6M or 12M SOR + 0.7% throughout

Targeted towards New Purchase or refinancing (Completed Properties with CSC obtained) with 1.5% Cash Rebate subjected to 100% clawback within 3 years. Legal subsidy is 0.4% of loan amount capped at $2.5K. No penalty on partial and full redemption for disbursed loan.

For Private only. Min HL $200K. TL $100K.

Year 1 = 3M SOR + 0.5%
Year 2 = 3M SOR + 0.75%
Thereafter = 3M SOR + 1%

Bank C

3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.
12 Month SIBOR (Indicative purpose only) is currently 1.75% as at Sep 1.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). No penalty on partial and full redemption for disbursed loan. 1 time free conversion to other packages.

For Private and HDB. Min $100K

Year 1, 2 and 3 = 3 or 12 Month SIBOR + 0.8%
Thereafter = 3 or 12 Month SIBOR + 0.95%

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (TOP Properties). Fixed 2 years and lock in 2 years.

For Private and HDB. Min $100K

Year 1 & 2 = 3.25% Fixed
Thereafter = 3M SIBOR + 0.95%

Bank D

3 Month SIBOR (Indicative purpose only) is currently 1.1875% as at Sep 1.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (BUC and Properties). No lock in for this package.

For Private and HDB. Min Private = $200K and Min HDB $100K.

Year 1, 2, 3 and thereafter = 3M SIBOR + 0.7%

Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties). No lock in for this package.

Year 1 = 3 Month SIBOR + 0.75%

Year 2 = 3 Month SIBOR + 0.65%
Thereafter = 3 Month SIBOR + 0.55%

Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty (Completed Properties), 1% cash rebate on 1st loan disbursement will be given to you. No lock-in for this package but cash rebate subjected to clawback pro-rated monthly over 3 years.

For Private only. Min $200K.

Year 1, 2, 3 and thereafter = 3M SIBOR + 1%

Bank E

Targeted towards New Purchase or Refinancing. 4 years Fixed Rate Package. Penalty is pro-rated: 1.5% penalty within year 1, 1% in year 2 and 0.75% in years 3 and 4. Allows partial redemption up to 20% of initial loan within the 4 years lock in period.

For Private and HDB. Min $300K

Year 1 = 2.28% (Fixed)
Year 2 = 2.88% (Fixed)
Year 3 = 3.38% (Fixed)
Year 4 = 3.88% (Fixed)
Thereafter = 3.75% (Floating)

Bank G
3M Cost of Funds (Indicative purpose only) is currently 1.47% at as at Sep 2.

Targeted towards New Purchase or Refinancing without using CPF, you can choose Principal and Interest scheme or just Interest-only scheme during your loan tenure. Suitable for customers who prefer interest-only loan at affordable interest rates. No Lock in for this package and free to do partial or full redemption with just 2 weeks notice.

For Private Only. Min US$150K or its S$ equivalent

Year 1, 2, 3 & thereafter = 3M Cost of Funds + 1%

In addition, if you need financing for other countries (Australia, New Zealand, US, Canada, UK, Spain, France, Portugal, Dubai, Hong Kong) with Singapore's interest rate, you may also look for me.