OCBC gives a variety of residence financial loan deals for HDB flats, presenting aggressive curiosity costs in its place on the HDB Concessionary Bank loan. Their offerings consist of each fixed and floating rate options. For example, a hard and fast-level deal may possibly provide a rate of two.32% p.a. for the two-yr lock-in interval, when a floating-charge choice is often pegged for the three-Month Compounded SORA with a unfold. To become suitable for an OCBC HDB bank loan, applicants must be not less than 21 several years old and meet up with a minimum financial loan quantity of S£two hundred,000 for HDB flats. The loan volume and acceptance are topic to the overall Debt Servicing Ratio (TDSR) plus the bank's credit score evaluation of your borrower's revenue and money obligations. OCBC is known for its quickly software process and also offers specialized merchandise like read more the Eco-Care Residence Financial loan for Attributes having a BCA Eco-friendly Mark certification. The financial institution's financial loan services also offer versatility for borrowers to reprice their financial loan deal or make partial prepayments.