OCBC offers a variety of dwelling loan packages for HDB flats, providing competitive interest rates as an alternative to the HDB Concessionary Loan. Their choices involve both of those fastened and floating amount selections. For illustration, a set-charge package deal might present you with a amount of 2.32% p.a. for a two-calendar year lock-in period of time, although a floating-rate possibility is usually pegged towards the three-Month Compounded SORA with a unfold. To become suitable for an OCBC HDB mortgage, applicants needs to be no less than 21 a long time aged and satisfy a minimum amount bank loan amount of S£two hundred,000 for HDB flats. The bank loan amount of money and approval are subject matter to the entire Credit card debt Servicing Ratio (TDSR) and also the financial institution's credit history assessment on the borrower's money and economic obligations. OCBC is noted for its fast application process and also offers specialized solutions just like the Eco-Care Household Loan for Qualities by using a BCA Environmentally friendly Mark certification. The lender's loan providers also present adaptability for borrowers to click here reprice their loan package deal or make partial prepayments.