To buy property try an excellent momentous event. It might imply a beneficial ceremonious updating with the dream household, ultimately addressing escape of your parents’ domestic, or any other revenue stream towards smart trader.

However, first, you’ve got to discover a home loan that can financing their assets get. Opting for a home loan is no place near as the pleasing due to the fact coming up with furniture to suit your new house, however, we’re here to aid.

Report about Citibank mortgage Singapore packages

As it is common amongst banks within the Singapore, customers to order completed assets convey more mortgage alternatives, while the individuals to find BTO or below-design individual possessions must be pleased with drifting rates financing pegged in order to SIBOR.

Repaired rate mortgage brokers eg Citibank’s let you secure your rates having a fixed time, you don’t have to stress away on the action to have a couple of years. In return, but not, you are expenses greater interest levels than just their drifting speed financing counterparts, at the very least at the start of the loan. Put simply, you pay a paid to possess stability.

Citibank’s floating rates money provide fairly attractive rates of interest on moment, however they increase dramatically following the third year. Very, they have been worth taking into consideration when you’re ready to re-finance in the an excellent after stage.

Citibank BUC home loans getting structures under design (floating)

Citibank has the benefit of several mortgage packages for houses below framework, whether HDB otherwise personal. Which plan you wind up that have is simply dependent on this new amount borrowed, which have financing quantities of more $step 1.5 billion finding a bit preferential rates.

Both are labelled towards the SIBOR speed, and begin out that have SIBOR + 0.20% in the 1st year, SIBOR + 0.25% regarding the next 12 months, and you can SIBOR + 0.45% (otherwise 0.40% getting money of over $1.5 million) on third year. Continue reading →