• Consumer Mortgage Loans: Revision In The Minimum SIBOR/SOR Rates Effective Date

As a bank, we always value our customers’ feedback. The Bank will delay the effective date of the minimum rate of our SIBOR and SOR rates to 1st January 2021, in light of the Covid-19 circuit breaker.

We believe that our loan packages for our impacted customers are amongst the most competitive in the market as depicted in the table below:

Year Reference Rate Year 1 Year 2 Year 3 Thereafter
2019 1M SIBOR +0.10% to +0.25% +0.15% to +0.25% +0.15% to +0.25% +0.60%

*For Singapore Private Residential Property Loans

For customers who wish to refinance, the Bank will facilitate by waiving our penalty and administrative fees, where applicable. This extension will give our customers sufficient time to consider all alternatives available to them.

We will be writing to our impacted customers shortly.

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