Friday, February 09, 2007

Transparent home loan rates

I congratulate 3 banks for introducing new home loans that have interest rates that are pegged to an external benchmark, i.e the CPF rate or the Swap Offer Rate (i.e. the cost of funds plus processing cost).

These banks are:

* DBS
* MayBank
* UOB

I hope that they will offer a low cost way for their existing customers to convert to the new terms.
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1 comment:

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December 17, 2019 9:07 AM

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