Package 1
OCBC Mortgage Board Rate
1 Year lock in
Year 1: MBR + 0.08% = 1.48%
Year 2: MBR + 0.10% = 1.50%
Year 3: MBR + 0.25% = 1.65%
Thereafter: MBR + 0.45% = 1.85%

  • 1 Year lock
  • free conversion if MBR increases, or after lock in ends
  • prepayment allowed up to 50% of the original loan
  • waiver of fire insurance for MCST properties
  • 50% waiver due to sale during lock in + 50% refund upon acceptance of a new loan
  • MBR currently 1.5%, will not be adjusted without a notice in writing at least 30 days in advance

Package 2
2Y Fixed Rate
1.70% fixed for 2 years
Year 3: MBR + 0.50%
Thereafter: MBR + 0.70%

  • 2 Year lock
  • waiver of fire insurance for MCST properties
  • free conversion after lock in if MBR has been increased
  • MBR currently 1.50%

Package 3
3Y Fixed Rate
1.72% fixed for 3 years
Thereafter: MBR + 0.70%

  • 3 Year lock
  • waiver of fire insurance for MCST properties
  • free conversion after lock in if MBR has been increased
  • MBR currently 1.5%

Package 4 for private property only
3m SIBOR Package
Year 1: SIBOR + 0.60%
Year 2: SIBOR + 0.60%
Year 3 onwards: SIBOR + 0.70%

  • 2 year lock
  • Capital repayment up to the first 50% of the original loan principal allowed during first 2 years
  • waiver of fire insurance for MCST properties
  • free conversion after lock in