Harlow all,

I am currently considering the 2 home loan packages.

Bank A

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3 years SIBOR + 0.65 throughout

Bank B

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1 or 3 mths SIBOR + 0.75 throughout

Citibank has the flexibility to change the SIBOR rates anytime uponthe expiry of the rates.

Can someone advise which is better?

Edited July 8, 201115 yr by chongsui

Currently, 3 mnth sibor moving average = 0.4375, 12 month moving average = 0.75807, 3 yr MA=??? should be higher than 1yr's.

If other terms on same pars for the 2 packages, obviously the 1/3 mnth is better.

Compare the "penalty" & other costs:

- Partial payment within xxx yr "admin charge"

- concersion charge.

etc

Watch out, China recently up the lending interest to 6.06% & deposit interest rate to 3%. Implication: discourage borrowing, encourage put $ into deposits(saving).

Harlow all,

I am currently considering the 2 home loan packages.

DBS

===

3 years SIBOR + 0.65 throughout

Citibank

========

1 or 3 mths SIBOR + 0.75 throughout

Citibank has the flexibility to change the SIBOR rates anytime uponthe expiry of the rates.

Can someone advise which is better?

Edited July 8, 201115 yr by bepgof

On top of the 2 loans that is mentioned above, I've also another offer from another bank which offers the flexibility of switching between 3 mths SIBOR and SOR + 0.75% (2 years lock-in).

All the other penalty and costs are the same.

Please advise which is a better package.

Thanks.

On top of the 2 loans that is mentioned above, I've also another offer from another bank which offers the flexibility of switching between 3 mths SIBOR and SOR + 0.75% (2 years lock-in).

All the other penalty and costs are the same.

Please advise which is a better package.

Thanks.

To me, all about the same.

Personal preference on bank counts. I prefer local banks, ppl asked why. I replied: loyalty.

If have account with bank, cash payment via internet will be easier.

CPF instalment amount can be altered via any computer, so long as having singpass.

Currently, 3 mnth sibor moving average = 0.4375, 12 month moving average = 0.75807, 3 yr MA=??? should be higher than 1yr's.

If other terms on same pars for the 2 packages, obviously the 1/3 mnth is better.

Compare the "penalty" & other costs:

- Partial payment within xxx yr "admin charge"

- concersion charge.

etc

Watch out, China recently up the lending interest to 6.06% & deposit interest rate to 3%. Implication: discourage borrowing, encourage put $ into deposits(saving).

The decision should be entirely upon you... That which loan package you can use... You should choose the one that suits you more...!! And which you can repay easily too !!