SIBOR is generally more stable while SWAP tend to fluctuate more. However 3-month SWAP has recently stayed consistently lower than 3-month SIBOR for an extended period of time. SOR is also very reactive to currency exchange rates.

Which bank offers the best home loan deals?

Interest rates and spreads are not all that matter. Don't ignore the closing costs involved. Different banks can have different customized home loans for you. Don't be surprised if you will save more on a home loan that charges more interest because of the lesser closing costs involved. This is especially so if you know that you will refinance your home loan as soon as the lock in period has expired.

HDB loan or bank housing loan?

Our opinion is to always take a HDB concessionary loan if you are eligible for one. One of HDB's objectives is to to provide affordable housing for the people. While a bank is profit driven.

Retail Bank

A retail bank is a bank that lends money to the general public of consumers.

Some of the products they sell include:

  • Mortgages
  • Personal loans
  • Credit cards
  • Car loans
  • etc

Not all lenders are retail banks.

Other types of banks include:

  • Investment banks
  • Wholesale banks
  • Commercial banks
  • etc

Most consumers only deal with retails banks in their lifetime.

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