OCBC delivers a number of house mortgage offers for HDB flats, giving aggressive curiosity fees as a substitute towards the HDB Concessionary Financial loan. Their offerings incorporate both of those set and floating amount alternatives. For instance, a fixed-charge deal might provide a charge of 2.32% p.a. for your two-calendar year lock-in period, although a floating-fee possibility is often pegged to the three-Thirty day period Compounded SORA which has a distribute. To generally be suitable for an OCBC HDB financial loan, applicants needs to be a minimum of 21 many years old and fulfill a least bank loan quantity of S£200,000 for HDB flats. The financial loan quantity and acceptance are subject to the overall Debt Servicing Ratio (TDSR) along with the lender's credit score evaluation of your borrower's revenue and economical obligations. OCBC is known for its rapidly software approach and also provides specialized solutions click here just like the Eco-Care Household Personal loan for properties having a BCA Green Mark certification. The bank's loan providers also supply versatility for borrowers to reprice their mortgage package deal or make partial prepayments.