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| MortgageOne SIBOR is more than just a mortgage facility. Designed specially for home-owners who have spare cash, it is a powerful, one-stop financial tool that puts your savings, salary, current and mortgage accounts all under one roof - for more efficient money management. What’s more, enjoy full pricing transparency as your interest rates will always reflect market conditions. |
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| benefits at a glance |
| Savings |
Interest on deposits is offset against the loan interest, and any excess interest earned will be used to reduce the outstanding loan principal. |
| Shorter loan period |
A larger portion of your monthly instalments goes to principal repayments, shortening the loan period. Your house could be yours much sooner than with a traditional mortgage. |
| Full transparency |
Interest rates are pegged to the 3-month Singapore Inter Bank Offered Rate (SIBOR), with a fixed margin for the Bank. SIBOR is published daily in The Business Times. |
| Flexibility |
The MortgageOne SIBOR account works just like any other current account. You can withdraw your deposits at anytime, at your convenience. |
| Freedom |
No lock-in period. |
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| how it works |
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You can place any amount of deposits in the MortgageOne SIBOR account as there is no maximum amount of interest that can be enjoyed on your deposits. |
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You will enjoy the same rate as your mortgage loan on 2/3 of your deposits, subject to a maximum of your loan principal outstanding. Your remaining deposits will enjoy an interest rate of 0.50% p.a. |
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Total interest on your deposits go towards off-setting the interest payable on your mortgage loan and any excess thereafter will go toward reducing your loan principal outstanding.
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Simplified example for illustration purposes only
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| pricing and features |
| Interest Rate: |
3-month SIBOR plus a margin for the Bank.
Two-thirds of your deposits will enjoy the same rate as your mortgage loan, subject to a maximum of your loan principal outstanding. Remaining deposits will enjoy an interest rate of 0.50% p.a.
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| Repricing Date: |
Every 3 months on the first business day of the month |
| Lock-In Period: |
No lock-in period |
| Loan Size: |
Minimum S$200,000 |
| Fees: |
No penalties on partial or full prepayment (subject to serving required notice period)
No processing fee |
| Type Of Property: |
Completed private residences only |
| Plus: |
- Free first year fire insurance
- Free property valuation
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Product Terms & Conditions apply. Pricing and Term & Conditions are subject to change without prior notice.
For more information, please call our Mortgage Service Line on 1800 747 0123 or visit any of our branches today.
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