Home Loan Glossary
Accrued Interest
Annual Value
Approval-In-Principle (AIP)
Amortization
Borrower
Bridging Loan
Cancellation Fee
Cash-back
Caveat
Certificate of Statutory Completion (CSC) / Temporary Occupancy Permit (TOP)
Claw-back Period / Refund Period
Collateral
Completion of sale and purchase
Construction Loan
Conversion
CPF Housing Withdrawal Limit
Credit Report
Debt Servicing Ratio
Default
Delinquent
Down-payment
Early Redemption (Partial or Full)
Equity Loan
Fire Insurance
Guarantor
Home Insurance / Mortgage Reducing Term Assurance (MRTA)
Home Loan / Mortgage Loan
Interest-Only Payment Scheme
Interest Rate
Joint Tenancy
Late Charge
Legal Fee / Conveyance Fee
Letter of Offer (LO) / Facility Letter
Loan Amount
Loan Tenor
Loan-to-Value (LTV)
Lock-in Period
Mortgagee
Mortgagor
Option to Purchase
Prime Lending Rate / Board Rate
Property Tax
Refinancing
Repricing
Sale & Purchase Agreement
Short Term Loan
Singapore Interbank Offer Rate (SIBOR)
Stamp Duty
Swap Offer Rate (SOR)
Tenancy-in-Common
Title Deed
Valuation Fee

For simplicity, the lender is referred to as "the Bank"
Disclaimer:
The glossary is designed for general information purposes only. It is prepared based on information known to us at the point of preparation and is not meant to replace the Individual Product Terms and Conditions. Definitions in this glossary are subject to change without prior notice. Under no circumstances should this FAQ be taken as advice to purchase any property.

Before entering into a transaction, please seek advice from your bank, lawyer and/or other independent professional as different people has different needs. You should also refer to the relevant authorities for the latest guidelines and regulations regarding property purchase.

For more information, please consult our Mortgage Service Consultants on 1800 747 0123 or visit any of our branches today.

Useful Links
Central Provident Fund Board (CPF) - http://www.cpf.gov.sg
Housing & Development Board (HDB) - http://www.hdb.gov.sg
Inland Revenue Authority of Singapore (IRAS) - http://www.iras.gov.sg/
Singapore Land Authority - http://www.sla.gov.sg