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Home Buying

Asked by Ken Yee 27 Oct 2008

for a condo, i would like to noe wats the interest for the loan like (like hdb loan is 2.6% pa)...thks

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Freddie Pang · Answer 1 · 2008-10-27T10:13:31+08:00

Freddie Pang

Replied 27 Oct 2008

Hi Ken,

It depends on:

Variable: most banks will use SIBOR rate or SOAR(OCBC) + a percentage. Which is now about 1.5%+0.7% = 2.2%. Some banks have promo and can be as low as 1.98% for 1st year.

Fixed: 2.88% and above depending on years rate is fixed.

You can give me a call if you are looking at investing and I can put you intouch with some of my bankers.

Felix Young
PropNex - Powerful Negotiators team
hp: 96921039
felix.myweb.com Read More

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