The Business Times
business-time-50

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

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

    TRENDING NOW

    PSD’s review followed claims in a working paper that civil servants had disproportionately bought properties near planned but unannounced MRT stations.

    8 public officers referred to police over property buys near unannounced MRT stations: Chan Chun Sing

    Among retrenched PMETs who have found work again, about six in 10 earn more than before their retrenchment at both the 12 and 24-month marks.

    Retrenched PMETs who return on lower pay see median 25% wage cut

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Some of the fastest growth is being recorded across a cluster of northern industrial provinces closely tied to electronics manufacturing and global supply chains.

    Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More