Table of Content
Affordability advisor Check your home affordability Calculate the total cost of buying a home, how much you can borrow, and the amount of cash and CPF you need - then view the homes within your budget. Provide the assessment reference number in your loan application. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app. Estimate how much your affordability, valuation and rental yield in one single calculator.

You can accept our loan offer by clicking on the link in the offer email or SMS. Your letter of offer will be generated automatically after acceptance. Get one of the best rates in town for hotels, flights and car rentals. And offset booking prices instantly with OCBC reward points. Generate pie chart of housing loan principal versus interest amounts. SIBOR, being the most fluid benchmark rate, changes every day.
HDB occupancy cap for renting out flats does not apply to family members who can live in the same unit
Choose the type of financing required, select the loan package and submit your documents online. If you are currently on SIBOR loans, should you be switching out of them to other benchmark rates? Based on our analysis, SIBOR loan isn’t the best deal you can get among the three types of OCBC home loans. If you really want the best bargain, OCBC’s OHR loan could be the ideal choice. While the information on our website provides users with factual product information and general advice it should not be considered a substitute for professional advice by a licensed financial advisor. Consumers should consider whether products and/or services featured on ROSHI are appropriate for their personal needs.

The Singapore Overnight Rate Average is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8.00 am and 6.15 pm. If your loan is approved, you will receive a letter of offer via email and SMS. Each 3M Compounded SORA will be fixed on the Rate Review Date and will apply throughout the next 3-month period respectively.
Lower your monthly home loan instalments
You can increase the loan amount by including deposits in the income computation. You can use our online calculator to calculate your loan amount and your loan repayment . A home loan account statement will be sent to you every year, dated 31 December.

However, after these 2 and 3 years are over, rates will start to change, so be ready. When overall interest rates are rising, it is advisable to refinance with a fixed rate and not a floating rate. Although fixed rates are typically a bit higher than floating rates, they help customers save if market rates rise significantly. The computations shown are based on the information provided by you. They are intended to give an indication of repayment information based on certain loan parameters, and are provided solely for reference only.
HDB or Private Home Loan(Refinancing)
Reprice your existing OCBC Home Loan to enjoy greater savings on your monthly instalments. Your online refinancing application may require 1 working day to process due to additional checks performed. Generate principal, interest and balance loan repayment chart, over loan period. Indicative Effective Financing Rate refers to the indicative annual effective financing rate for a standard 30-year home financing product with a financing value of RM350,000 and that has no holding period.
You can now pre-fill your home loan application via Myinfo with a secure, enhanced and fully digital process from application to acceptance. Waiver due to saleFor this benefit, there are variations depending on the packages offered which may change from time to time. This value is derived from the long-term average of the 1-month and 3-month SIBOR.
Ways to apply
In particular, the Singapore Interbank Offer Rate and Swap Offer Rate has been steadily rising since October 2016. OCBC has a national branch network, although not as large as many of the local banks. However, there are many convenient methods of payment which does not require walking into a branch. Keep in mind that OCBC only finances properties in a town or city where an OCBC branch is present. The indicative effective lending rate for a standard 30 years housing loan/financing of RM350,000 is 4.45% p.a. Wayne quekWayne is a Chartered Financial Analyst , and holds a Bachelor of Business Management from Singapore Management University .
Among the types of benchmark interest rates, SIBOR is typically the first to be adjusted. It is then followed by benchmark rates that are tied to deposit savings interest rates. As we enter the cycle of interest rate hike, your decision on which loan package to choose or refinance could make a huge difference. This might be the time to switch out from your current loan to take on a more advantageous loan to reduce the impact of rising interest rates. To help our readers make wiser home loan choices, we have done an analysis to understand the trend of home loan interest rates from OCBC.
You can accept our loan offer by clicking on the link in the email or SMS. Your letter of offer will be generated automatically after you accept. Please read through the terms and conditions carefully before accepting. Choose from our wide range of fixed and variable pricing packages to suit your needs.
Asides from interest rates, there are other key terms such as prepayment penalties, fees and charges and lock-in period which you should consider when choosing a suitable pricing package. You can use the OCBC Bank home loan calculator to calculate your monthly repayments, based on your desired property value and loan amount. Once you are ready to apply, you can make a free enquiry through iMoney, and we will call you back. Applying for a home loan with iMoney is absolutely free of charge. If you are not sure whether this home loan by OCBC Bank is your best option, click here to compare other home loans in Malaysia.
“Sponsored” products should neither be considered the best in their category or appropriate for one’s personal needs. Attent your property purchase appointment date and sign all legal documents for the transfer of the property, paying all legal and valuation fees. Overseas-Chinese Banking Corporation is one of the Big 3 banks in Singapore formed after mergers in 1932, with headquarter in Singapore. Each 1M Compounded SORA will be fixed on the Rate Review Date and will apply throughout the next 1-month period.
At any rate, housing lenders frequently change their rates, so borrowers must compare the present interest rates regularly. OCBC’s refinance bundles are currently tied to the 1-month aggregated SORA rate, OCBC Board rate and OCBC fixed rates. OCBC previously made allowance for loan plans with no lock-in period for Buildings Under Construction . However, they are reviewing their BUC offerings due to the switch to SORA-pegged housing loans. Other OCBC packages include a special housing scheme for lower value properties and overseas property financing.
Considerations for finding the best ocbc home loans
To further support what they’re saying upfront, let’s take a look at their online exclusive rates that come with refinancing in OCBC. Home loan rules and pricing can be complex, hence customers should speak to a mortgage specialist to gain a deeper understanding of the financial considerations involved. Free conversions are typically offered at the end of the lock-in period. This acts as an incentive for homeowners to sign up for a home loan where the spreads or interest rate go up after the lock-in ends, which is usually the case.
