United Kingdom London Property Loan – OCBC Bank Singapore

United Kingdom London Property Loan – OCBC Bank Singapore- Personal Bank Loan
Financing Term
|
Description
|
|
Purpose
|
-Purchase for Investment
|
|
Eligibility
|
-Singapore Citizens, Permanent residents and Foreigners.
-Aged 21-70 years old
|
|
Loan Currency
|
SGD (Singapore Dollar) Loan
|
GBP (Pound) Loan
|
Interest Rates
|
3MSIBOR +2.5% Throughout
|
3M GBP COF + 2.75% for up to 50% financing
3M GBP COF + 3.25% for > 50% financing
|
Loan Quantum
|
-Minimum SGD 300,000 or
Minimum GBP 200,000
Up to 75% financing for selected projects.
|
|
Loan Tenor
|
-Minimum 5 years
-Maximum 25 years
|
|
Loan Repayment
|
-Monthly repayment of principal and interest
|
|
Administration Fee
|
GBP 500 + (0.10% of Purchase Price) which covers the valuation fee of the property.
|
|
Partial Prepayment
Penalty
|
Partial prepayment must occur on each rate review date; otherwise a partial prepayment fee of 1.5% will be charged on the amount prepaid.
|
|
Full Redemption Penalty
|
If loan is fully repaid on a non-rate review date, 1.5% will be charged on the amount outstanding.
|
|
Cancellation Fee
|
1.5 % on amount cancelled
|
|
Expenses
|
All expenses including legal fees, annual review charges, taxes, duties, remittance charges and insurance coverage will be borne by the borrower.
|
|
Insurance Coverage
|
Fire insurance coverage for landed property
|
*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.