Up to 8 applicants allowed, but for a HDB flat or exec condo, only up to 4 are allowed
At least one person needs to have monthly income
Age, citizenship, number of properties, number of loans, monthly income, and monthly repayment are required for each person
80% of the property price is the maximum financing possible
Estimated time: 5 to 20 min
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Affordability Results
Calculation based on:
S$
How is your loan amount calculated?
For your property priced at S$,
you can borrow up to S$,
because your loan amount exceed of your property price (See LTV).
But based on your income, the maximum amount you can borrow is S$,
which is of a property price of
S$
Based on your income, you can borrow a maximum amount of S$,
or up to of a property price not more than
S$
Based on your income, you can borrow a maximum amount of S$,
which is of your property price of S$.
For the maximum loan of 80% of the property price, your property must be priced not more than
S$
Applicable to home loans granted for a HDB flat or Executive Condominium*, the monthly mortgage repayment including the
monthly instalment for this loan application cannot exceed 30% of your monthly income (See MSR).
You can increase the loan amount by including deposits in the income computation.
*Purchased directly from the developer
Monthly repayment for all your debts including the monthly instalment for this loan
application cannot exceed 60% of your monthly income (See TDSR). You can increase
the loan amount by including deposits in the income computation.
Summary Results
Max Property Price S$
Max Loan Amount based S$
on Specified Propety Price
Max Loan Amount S$
Max Loan Amount for
S$
property over S$
Down Payment plus Fees S$
Cash and CPF payments
Minimum cash payment S$
Cash or CPF needed S$
Initial costs breakdown
Down payment S$
Stamp Duties S$*
Miscellaneous Fees S$
*The Stamp Duties computation has taken into consideration the new Buyer’s Stamp Duty rates which took effect from 20 February 2018.
Choose a loan package with your preferred interest rate. Over the duration of your loan, interest rates may be fixed for a number of years or linked to either the OCBC Home Rate or the Singapore Interbank Offered Rate (SIBOR). Ask a mortgage specialist to customise a solution.
What is the difference between both rates?
OCBC Home Rate is at 1.00% p.a. currently. This value is derived from the long-term average of the 1-month and 3-month SIBOR.
OCBC Home Rate is a bank-managed rate. Should it change, you’ll receive 30 days’ notice, and you’ll have the flexibility to switch to another OCBC package at no cost.
SIBOR is the rate at which banks lend to one another, administered by the Association of Banks in Singapore. The 1-month SIBOR values used for computation is 1.00%
1OCBC Home Rate (2-year fixed)
Fixed rate at 1.85% for first 2 years protects you from fluctuations
OCBC Home Rate is 1.00% p.a. currently
Free switch if the OCBC Home Rate increases after the third year
Flexibility to prepay up to 50% of the loan amount within the prepayment period
Year
Interest rate
Monthly payment
2OCBC Home Rate
Floating OCBC Home Rate starts from 1.65% in the first year
OCBC Home Rate is at 1.00% p.a. currently
Free switch if the OCBC Home Rate increases
Flexibility to prepay up to 50% of the loan amount within the prepayment period
Year
Interest rate
Monthly payment
31-Month SIBOR Dependent
Rates may increase or decrease every month, depending on the 1-month SIBOR
Lock-in period of 2 years
The 1-month SIBOR value used for the computation is 1.00%
Year
Interest rate
Monthly payment
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Important notice
This is not a financing offer from OCBC Bank. The computations shown are based on the information provided by you. They are intended to give an indication of repayment information based on certain loan parameters, and are provided solely for reference only. Actual interest rates may differ and may be higher than what is shown here. We hereby disclaim any responsibility for any errors or omissions in the computations. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you make as result of relying on the computations. For the applicable terms and conditions of any financing offer made to you by OCBC Bank, please refer to the relevant Letter(s) of Offer issued.