SINGAPORE – Local lenders UOB and DBS are temporarily ceasing their fixed-rate home loans while they review the interest rates on these packages, after yet another big hike from the US Federal Reserve. A UOB spokesman told The Straits Times that the bank will be ceasing the existing two-year and three-year fixed rate packages for […]
Amid the current rising interest rate environment, banks in Singapore are receiving many enquiries from customers about their loan packages and how best to cope with the situation. For customers who have yet to switch out of their SOR-based property loan packages, it is now an opportune time to relook at the options available and […]
SINGAPORE – Home loan rates in Singapore have gone past 3 per cent to a new high with the latest move by UOB, Singapore’s third-largest lender. The previous high was 2.88 per cent in mid-2019. UOB on Wednesday night (June 29) raised the rate on its three-year fixed rate package to 3.08 per cent per […]
SINGAPORE – Some home owners who had taken up floating rate loan packages may face a reality check as mortgage rates threaten to go through the roof. Experts note that they could encounter issues switching to a fixed-rate package, with some banks such as Maybank and Standard Chartered axing such offerings in recent months.