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SIBOR Rate

Posted by admin | 12:11 AM |
Apr 27, 2010

SIBOR Rate

We present SIBOR rate for April 2010. These sibor rates are the latest Sibor rate.

Sibor rate is obtained from Monetary Authority of Singapore (MAS) source.

SIBOR RATE:

DATE | 3-Month | 6-Month | 12-Month

19-Apr-10= 0.63, 0.75, 0.94
20-Apr-10= 0.63, 0.69, 0.94
21-Apr-10= 0.63, 0.69, 0.94
22-Apr-10= 0.63, 0.69, 0.94
23-Apr-10= 0.63, 0.69, 0.94
26-Apr-10= 0.63, 0.69, 0.94

Note that Sibor rate is to be used for information only.

You should check with your bank for confirmation of Sibor rate that they are using for your housing loan calculations. Housing loan bank rates that are pegged to Sibor rate comes with a spread that is charged by your bank.

Movement of Sibor rate may not correspond in tandem to movement in your housing loan rate. What this means is that Sibor rate may go down but your housing loan monthly payments may go up because banks and financial institutions can choose to charge more at their sole discretion.

You should read the fine print before taking up a housing loan that is pegged to Sibor rate.

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