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OCBC extends more than S$1b in Sora-linked home loans since launch

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Published Tue, Dec 22, 2020 · 09:50 PM

    Singapore

    MORE than S$1 billion of home loans linked to Singapore Overnight Rate Average (Sora) - an alternative interest rate benchmark - was extended by OCBC Bank in less than six months since its launch, the lender said on Tuesday.

    Out of the loans, half were fully processed digitally with OCBC's one-hour home loan application and approval service, it added.

    OCBCSORASingapore mortgages

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