OCBC provides a variety of dwelling bank loan deals for HDB flats, presenting competitive curiosity costs in its place on the HDB Concessionary Bank loan. Their choices incorporate both equally fastened and floating fee selections. By way of example, a set-charge package deal might present you with a amount of 2.32% p.a. for a two-calendar year lock-in time period, whilst a floating-level solution is typically pegged to the three-Thirty day period Compounded SORA that has a spread. To generally be qualified for an OCBC HDB loan, applicants need to be at the least 21 many years outdated and meet a least mortgage degree of S$two hundred,000 for HDB flats.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 volume and acceptance are topic to the full Financial debt Servicing Ratio (TDSR) as well as bank's credit rating evaluation from the borrower's cash flow and financial obligations. OCBC is known for its rapidly software process and also website offers specialized solutions just like the Eco-Care Household Personal loan for Qualities by using a BCA Inexperienced Mark certification. The lender's loan solutions also give overall flexibility for borrowers to reprice their personal loan offer or make partial prepayments.