Housing Loan Singapore

SIBOR or SOR?

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.

Mortgage

Housing Loan Application – Get These Documents Ready

It would be a definite breeze if you can walk into the office of a mortgage lender, ask for a Singapore housing loan, and be offered on the spot. However, it can never be this way. Housing loans applications can be complex and be prolonged if you are not able to produce the required documents when they are required. So it is best to prepare the documents required for a housing loan application beforehand.

Are you looking for a

New Loan? or Refinance?

Below are the general documents that may be required for your application. However, additional documents may be requested by the mortgage lender when required.

  • Most recent 3 months computerized pay slip
  • Most recent 2 years income tax assessment
  • Option to purchase (when applicable)
  • CPF statement showing account balance and contributions (when applicable)
  • NRIC or passport
  • Legitimate valuation report (when applicable)
  • Completed and duly signed Singapore housing loan application form
  • Personal HDB page (when applicable)
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What We Do For You

We Gather And Provide You Information On The Best Housing Loans In Singapore So That You Can Make A Better Decision Based On What Is Available In The Market

Which bank do you recommend for home loans in Singapore?

We don't recommend banks. We recommend you the best home loan that suits your profile and financial position.

SIBOR 14 Jun 2018

1 Month 1.40009
3 Month 1.52038
6 Month 1.66171
12 Month 1.85096

SOR 14 Jun 2018

1 Month 1.39053
3 Month 1.56581
6 Month 1.67225

How Does SOR Rates Hit Negative Value?

SOR rates are calculated with a complex financial formula, solved with simple algebra. The results of solving the equation therefore depends on the inputs used. Varying inputs that result from economic impacts and indicators can lead to negative value when the formula is solved. Key input indicators include USD/SGD spot rates and USD/SGD forward rates.

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.

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.