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CIMB Singapore delays mortgage floor rate hike, but customers unmoved
Published Wed, Apr 29, 2020 · 09:50 PM
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Singapore
FOLLOWING a pushback from irate customers, CIMB Bank Singapore will delay the start date - to Jan 1, 2021 - of its higher minimum rate for certain mortgages pegged to the Singapore inter-bank offered rate (Sibor) and Swap offer rate (Sor).
The hike in the bank's floor rate was to have taken effect from May 18, 2020, as reported by The Business Times last Saturday.
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