OCBC supplies a number of property personal loan offers for HDB flats, featuring aggressive fascination premiums in its place on the HDB Concessionary Bank loan. Their offerings include things like both of those fixed and floating fee options. By way of example, a hard and fast-price bundle could present you with a rate of two.32% p.a. for a two-calendar year lock-in interval, though a floating-rate possibility is often pegged into the three-Month Compounded SORA with a distribute. Being qualified for an OCBC HDB mortgage, applicants must be at least 21 yrs previous and fulfill a bare minimum loan number of S$two hundred,000 for HDB flats. The loan total and approval are matter to the entire Personal debt Servicing Ratio (TDSR) plus the lender's credit evaluation from the borrower's money and monetary obligations. OCBC is recognized for its rapidly software course of action and also provides specialised products much like the Eco-Care House Personal loan for Attributes having a BCA Inexperienced Mark get more info certification. The bank's mortgage providers also supply versatility for borrowers to reprice their loan package or make partial prepayments.