OCBC delivers a number of property financial loan offers for HDB flats, presenting aggressive fascination costs as a substitute on the HDB Concessionary Bank loan. Their offerings consist of both fixed and floating level solutions. For instance, a hard and fast-fee package deal may offer a amount of 2.32% p.a. to get a two-calendar year lock-in period of time, although a floating-rate possibility is usually pegged to the three-Month Compounded SORA that has a spread. To generally be qualified for an OCBC HDB loan, applicants needs to be at the least 21 many years outdated and meet a least mortgage degree of S$two hundred,000 for HDB flats. The loan amount of money and approval are subject matter to the Total Financial debt Servicing Ratio (TDSR) as well as bank's credit rating evaluation from the borrower's profits and financial obligations. OCBC is recognized for its rapid software procedure and also offers specialised products and solutions such as the Eco-Treatment Dwelling Loan more info for Homes that has a BCA Environmentally friendly Mark certification. The bank's mortgage companies also give adaptability for borrowers to reprice their loan package deal or make partial prepayments.