OCBC provides many different residence financial loan deals for HDB flats, giving aggressive curiosity fees as a substitute to the HDB Concessionary Loan. Their offerings involve both equally fixed and floating level solutions. For illustration, a fixed-level package deal may give you a charge of two.32% p.a. for your two-yr lock-in period of time, while a floating-charge choice is often pegged on the three-Month Compounded SORA with a unfold. To be suitable for an OCBC HDB mortgage, applicants should be a minimum of 21 yrs old and meet up with a minimum financial loan level of S£two hundred,000 for HDB flats. The bank loan amount of money and approval are subject matter to the Total Financial debt Servicing Ratio (TDSR) plus the bank's credit rating evaluation with the borrower's profits and money obligations. OCBC check here is noted for its quickly software approach and also offers specialized products and solutions much like the Eco-Care Dwelling Mortgage for Houses having a BCA Inexperienced Mark certification. The lender's loan solutions also deliver adaptability for borrowers to reprice their bank loan offer or make partial prepayments.