OCBC launches first SORA-based home loan
Add BT as a preferred source
Singapore
OCBC has launched Singapore's first home loan referencing the Singapore Overnight Rate Average (SORA), an alternative benchmark rate, available to buyers of completed private properties with a minimum loan size of S$1 million.
This is another step in the industry's move towards adopting the SORA - the average rate of unsecured overnight interbank Singdollar (SGD) transactions brokered in Singapore - as the new interest rate benchmark for the SGD cash and derivatives market.
TRENDING NOW
Lamborghini-driving boss of Eminent Frog Porridge charged with S$3.8 million tax evasion, money laundering
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Vietnam workers keenest on AI in South-east Asia; Singapore employees among most sceptical: survey
Grab completes US$425 million acquisition of US-based Stash Financial
