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New pricing package pegged to market benchmark rate.

Member-Get-Member Home Loan Referral Campaign

New pricing package pegged to market benchmark rate.

     

Enjoy the transparency you deserve when you choose the new market benchmark rate under SORA

Pricing and Features

3M Compounded SORA promotional pricing package:

3M Compounded SORA*
Year 1 3M Compounded SORA + 1.20% p.a.
Year 2 3M Compounded SORA + 1.30% p.a.
Year 3 3M Compounded SORA + 1.40% p.a.
Thereafter 3M Compounded SORA + 1.40% p.a.
Lock-in Period 2 years
Minimum Loan Amount S$100,000
3M Compounded SORA The 3M Compounded SORA means the 3-Month Compounded Singapore Overnight Rate Average. The 3-Month Compounded Singapore Overnight Rate Average for a given business day is published by 9am on the next business day on the Monetary Authority of Singapore (“MAS”) website or on any other website which is designated by the MAS, as the case may be. For more information on the 3-Month Compounded Singapore Overnight Rate Average, please visit the MAS website.

      

*Please note that:

The interest rate package stated in the table above is valid from 27 February 2021 (inclusive of this date) and is applicable for residential property loans only. Standard Chartered Bank (Singapore) Limited (the “Bank”) may vary, modify, add, delete or otherwise revise the interest rate package stated above at any time at the Bank’s sole and absolute discretion, without prior notice or reason (and the Bank shall not be obliged to disclose its reason). The interest rate package stated in the table above is not to be taken as an offer to contract. To the fullest extent permitted by law, the Bank shall not be responsible and/or liable for any loss, cost, expense and/or damage, whether direct or indirect, which arises out of and/or is incurred in connection with, the use of and/or reliance on the information provided herein.

The Bank reserves the right to determine at its sole and absolute discretion all matters arising out of and/or in connection with an application for a mortgage facility with the interest rate package stated above (“3M Compounded SORA Application”). The Bank’s determination of all matters relating to the 3M Compounded SORA Application shall be final, binding and conclusive and no correspondence will be entertained.

The 3M Compounded SORA Application is subject to the Bank’s approval and acceptance. The final approval of a 3M Compounded SORA Application is also subject to the Bank’s receipt and validation of all required documents.

All information is accurate as the date of publication.

Frequently Ask Questions (FAQs)

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.