OCBC supplies a variety of house bank loan deals for HDB flats, presenting aggressive curiosity costs as a substitute for the HDB Concessionary Bank loan. Their offerings consist of each fixed and floating rate options. For example, a fixed-level deal may possibly provide a rate of two.32% p.a. for the two-year lock-in interval, even though a floating-price option is usually pegged for the three-Month Compounded SORA which has a unfold. To become suitable for an OCBC HDB mortgage, applicants needs to be at least 21 yrs previous and meet up with a minimal financial loan level of S£200,000 for HDB flats. The financial loan quantity and approval click here are issue to the whole Personal debt Servicing Ratio (TDSR) as well as the lender's credit assessment with the borrower's income and economic obligations. OCBC is noted for its fast application approach and also provides specialised goods much like the Eco-Treatment Home Mortgage for Houses which has a BCA Green Mark certification. The bank's bank loan expert services also deliver flexibility for borrowers to reprice their mortgage bundle or make partial prepayments.