Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Followers 0
Reno145

Ocbc Sor - I Cannot Find The Floor In My Contract

By Reno145, in Finance and Insurance

Recommended Posts

Reno145    0

Reno145
Posted

Much has been mentioned about banks have a floor term in their SOR mortgage packages.

This means even if SOR fall to -0.5%, it is still considered as 0.

So if you loan is 0.8% + SOR, it will not be 0.8 minus 0.5 = 0.3% but still stay at 0.8%.

But I cannot find the floor term in my contract.

Mine is OCBC Bank.

Any one using OCBC SOR?

 

Share this post

Link to post
Share on other sites
Looking for good contractors? Click here for your request

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  
Followers 0
Go To Topic Listing

×