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
