Into 2010 At Singapore Loan Rates

With 2009 coming to an end, and 2010 around the corner, Sg Loan Rates would like to wish all readers of our finance site:

A Prosperous
And Happy New Year
In 2010!

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Singapore Loan Interest Rates

At Sg Loan Rates blogspot.com, we specialize in highlighting Singapore Loan Interest Rates for the interest of our avid readers.

In the past year, we have shared Singapore Loan Interest Rates of various kinds with you.

We hope to continue sharing Singapore Loan Interest Rates into the year 2010 and beyond.

Singapore Loan Interest Rates of banks and financial institutions are produced for your information. They are not meant for investing purpose. Kindly read our disclaimer for more details.

We hope you like the Singapore Loan Interest Rates that we have shared so far and found our finance site useful.

Get more news on Singapore Loan Interest Rates in the coming months of 2010.

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HL Finance Home Loan Promotion

Latest information available from Hong Leong Finance home loan rate promotion is shown this December 2009.

What are the latest home loan rate promotion this 2009?

Features of HL Finance Home Loan Promotion
# Loan Quantum Up to 80% of purchase price or valuation, whichever is the lower.

Tenure of HL Finance Home Loan Promotion
Up to 35 years or age 70 of borrower, whichever is earlier.

# Attractive Benefits Valuation fee waived.
# Legal cost subsidy of up to 0.4% of approved loan amount or S$2,000 whichever is lower.

(Terms and conditions apply)

Interest Rates of HL Finance Home Loan Promotion
Variable Rate Package+
<= 80% Financing > | 80% Financing
1st year= 1.33% p.a. (HHR*-2.92%) 2.03% p.a. (HHR*-2.22%)
2nd year= 2.03% p.a. (HHR*-2.22%) 2.83% p.a. (HHR*-1.42%)
3rd year= 2.63% p.a. (HHR*-1.62%) 3.33% p.a. (HHR*-0.92%)
Thereafter= 3.33% p.a. (HHR*-0.92%) 3.83% p.a. (HHR*-0.42%)

2-Year Fixed Rate Package+
<= 80% Financing > | 80% Financing
1st year= 1.63% p.a. Fixed 2.23% p.a. Fixed
2nd year= 2.13% p.a. Fixed 3.03% p.a. Fixed
3rd year= 2.83% p.a. (HHR*-1.42%) 3.63% p.a. (HHR*-0.62%)
Thereafter= 3.33% p.a. (HHR*-0.92%) 4.03% p.a. (HHR*-0.22%)

*HL Finance Home Loan Promotion HDB Home Rate (HHR) is 4.25% p.a.
+Terms and conditions apply.

Note: Rates and terms quoted are subject to change at any time without prior notice.

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OCBC BANK Tuition Fee Loan

For full-time undergraduates of NUS/NTU, you can now apply for a Tuition Fee Loan from OCBC Bank.

The Ministry of Education has announced that from 1 April 2009 to 31 March 2010, students who have Tuition Fee Loan or Overseas Student Programme Loan (applicable to Singaporeans only) need not make any repayment. 

During this period, no interest will be charged to the outstanding loan amount.  The interest and repayment will re-commence automatically from 1 April 2010 onwards through your designated OCBC account.

OCBC BANK Tuition Fee Loan
Up to 90% of tuition fee.
Loan does not cover hostel fees, purchase of computer, and personal allowance.
Up to 20 years repayment period.
Eligibility
- Full-time undergraduates of
- NUS
- NTU
Open to Singapore Citizens, Permanent Residents and Foreigners
No age restrictions
One guarantor between 21 and 60 years old

Fees & Charges:
Loan is interest-free during the course of study.
Interest will commence upon graduation.
Interest is based on the average Prime Lending Rate of the three local banks.

Minimum instalment per month is S$100 and commence within 2 years of interest commencement date.

A penalty of 1% per month on instalment when loan payment is defaulted.


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OCBC Bank Renovation Loan Rates

OCBC Bank Renovation Loan interest rates are presented for readers this December 2009.

OCBC Bank Renovation Loan Rates of
RENOVATION LOAN MONTHLY INSTALMENT SCHEDULE

LOAN TENURE | INTEREST RATE
12 months = 5.88%**
24 months = 5.88%**
36 months = 5.88%**
48 months = 5.68%**
60 months = 5.68%**

* (Gross Loan - Processing Fee - Administrative Fee)1
1. Processing fee of $200 and administrative fee of 1% of gross loan amount will apply.
2. The monthly instalment amount is calculated on a monthly-rest basis.
3. Terms and Conditions apply. Rates are subject to change.

**Promotional interest rates are valid from 12 Jun 09 to 31 Dec 09 and subject to change at the Bank's sole discretion.


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Singapore Commercial Property Loan Packages - DBS Bank

Singapore Commercial Property Loan Packages DBS Floating Rate package*
Loan Tenure | Interest Rate
Year 1 = 3.58% (CVR - 0.92%)
Year 2 = 4.42% (CVR - 0.08%)
Thereafter = 5.25% (CVR + 0.75%)

Singapore Commercial Property Loan Packages DBS Fixed Rate package*
Loan Tenure | Interest Rate
Year 1 = 3.88% Fixed
Year 2 = 4.88% Fixed
Thereafter = 5.25% (CVR + 0.75%)

Singapore Commercial Property Loan Packages interest rates are effective as at 01 January 2009.

CVR denotes Commercial Variable Rate at 4.50% p.a.

* The above Singapore Commercial Property Loan Packages interest rates and terms are subject to change.

Terms and conditions apply to Singapore Commercial Property Loan Packages.

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