At Standard Chartered Bank, we believe in turning your dreams into reality. That's why we introduced the SOR-pegged Home Loan that comes with a unique guarantee feature. You can benefit from decreasing interest rates while we protect you against rising interest rates.
benefits at a glance
- Full transparency – interest rates are pegged to the 3-month Singapore Swap Offer Rate (SOR), with a fixed margin for the Bank. The 3-month SOR is published daily in The Business Times and your loan is repriced every 3 months to reflect market conditions
- Protection – this loan comes with a unique feature that guarantees a maximum SOR for two years (plus a margin for the Bank). This allows you to benefit from decreasing interest rates, while having the security of protection against rising interest rates
- Freedom – After the two year guarantee period (with two-year lock-in), there is no penalty if you redeem your loan on a repricing date (with sufficient notice)
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How it works
pricing and features
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| 3-month SOR plus a margin for the Bank (with a fixed interest rate charged between disbursement date and the first repricing date) |
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| First business day of March, June, September and December |
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| 2 years starting from the first repricing date |
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| 2 years (same as the guarantee period) |
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During lock-in period
1.5% penalty for full redemption, partial prepayment and/or cancellation.
After lock-in period
No penalty, if effective on repricing dates |
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| 0.5% of the loan amount (maximum of $2,000) |
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- Private Residential – Free first year fire insurance
- HDB – Free fire insurance throughout loan tenor
- Free valuation
- No processing fee
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*Product Terms & Conditions apply. Pricing and Terms & 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.
