Singapura Finance home loan interest rates
Singapura Finance was incorporated in 1950 and compared to the other financial houses, it definitely enjoys a lower profile but it was actually a pioneer of long term housing loans in Singapore. It is listed on the Straits Times Index and has operations purely locally. Today, they continue to provide property financing, but have also increased their range of financial services for individuals and businesses. These services include for commercial and industrial properties, shares-financing, hire purchase of vehicles and equipment and agency services for some statutory bodies’ staff housing loan schemes. The Singapura Finance brand prides itself on equipping customers with product knowledge and for their relationship managers to help them in making informed decisions when choosing financial products.
Singapura Finance’s home loans provide home-owners a simple and efficient loan with no need to fuss over complicated calculations. You can choose a term loan, easy loan or a combination of both for your private property financing. They also allow financing up to 80%, extending to a maximum period of 35 yearsor up to the retirement age of 65 years, whichever is earlier. Their home loans also come with a host of fee waivers and benefits, such as free valuation, no processing fee, free fire insurance for the first year and bridging loan services. For the first year, interest rate is at a fixed 1.48%, 1.88% in the second year and 1.98% in the third year. Thereafter, a floating rate will apply, where Singapura Finance will apply their lending rate+0.25% for the 4th year onwards. There is now an ongoing HDB Home Loan promotion with fixed rates and variable rates available starting at 1.15%.
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