United Kingdom London Property Loan – OCBC Bank Singapore
United Kingdom London Property Loan – OCBC Bank Singapore- Personal Bank Loan
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Financing Term
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Description
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Purpose
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-Purchase for Investment
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Eligibility
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-Singapore Citizens, Permanent residents and Foreigners.
-Aged 21-70 years old
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Loan Currency
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SGD (Singapore Dollar) Loan
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GBP (Pound) Loan
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Interest Rates
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3MSIBOR +2.5% Throughout
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3M GBP COF + 2.75% for up to 50% financing
3M GBP COF + 3.25% for > 50% financing
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Loan Quantum
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-Minimum SGD 300,000 or
Minimum GBP 200,000
Up to 75% financing for selected projects.
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Loan Tenor
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-Minimum 5 years
-Maximum 25 years
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Loan Repayment
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-Monthly repayment of principal and interest
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Administration Fee
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GBP 500 + (0.10% of Purchase Price) which covers the valuation fee of the property.
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Partial Prepayment
Penalty
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Partial prepayment must occur on each rate review date; otherwise a partial prepayment fee of 1.5% will be charged on the amount prepaid.
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Full Redemption Penalty
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If loan is fully repaid on a non-rate review date, 1.5% will be charged on the amount outstanding.
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Cancellation Fee
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1.5 % on amount cancelled
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Expenses
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All expenses including legal fees, annual review charges, taxes, duties, remittance charges and insurance coverage will be borne by the borrower.
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Insurance Coverage
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Fire insurance coverage for landed property
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*Application is subject to the Bank’s other Terms & conditions.
*SIBOR is currently around at 0.4% p.a. as of 08/03/2014
Check your loan eligibility at No Cost!
SMS ‘Leesa8’ and YOUR NAME TO (+65) 9222 9943 to get in touch with a Banker-Caleb Lee from OCBC Bank Singapore.
**Check up Overseas New development opportunity is available Now.***
More info on LakeVille at Jurong @ https://leesa8.com/2014/03/12/lakeville/
Disclaimer: The information provided by Leesa8.com is subject to changes as may be required by the authority or developer and it cannot be used to form art of the offer and/or contract. All information provided have been treated with care and developer and/or marketing agent should not be liable for any inaccuracy.
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