Foreign banks in Singapore slash home loan rates to as low as 2.45%
BOC, Stanchart, Maybank offer rates of 2.45 to 2.5 per cent; fixed mortgage rates were around 3% at the start of this year, and up to 4.25% at the start of 2023
Add BT as a preferred source
SINGAPORE’S mortgage rates have eased since the start of the year, with some foreign banks shaving rates by around 50 basis points to 2.5 per cent from the 3 per cent offered earlier.
Based on data consolidated on mortgage broker Redbrick Mortgage Advisory’s platform as at Nov 4, banks in Singapore offered home loans with fixed interest rates ranging from 2.45 per cent up to 3.5 per cent.
Fixed mortgage rates were around 3 per cent at the start of this year, and much higher – up to 4.25 per cent – at the start of 2023, according to boutique mortgage consultancy firm MortgageWise.sg.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
