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OCBC joins fixed-rate home loan battle

Bank launches two-year fixed-rate loan, at 1.65 per cent per annum, based on Sibor-linked benchmark

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Published Thu, Oct 5, 2017 · 09:50 PM

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    Singapore

    HOME buyers are getting more financing choices as OCBC Bank jumped into the fray last week with a new mortgage package.

    Singapore's second largest bank OCBC last Friday launched a two-year fixed rate home loan based on a new benchmark, called the OCBC Home Rate (OHR). The OHR benchmark is the long-term average of the one-month and three-month Sibor or Singapore interbank offered rate.

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