OCBC gives many different dwelling mortgage packages for HDB flats, supplying competitive desire fees instead to your HDB Concessionary Financial loan. Their offerings consist of each fixed and floating level solutions. For instance, a set-charge offer could give a amount of two.32% p.a. for just a two-calendar year lock-in interval, though a floating-rate alternative is typically pegged towards the three-Thirty day period Compounded SORA using a unfold. Being eligible for an OCBC HDB loan, applicants need to be no less than 21 several years old and meet up with a minimum personal loan level 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 financial institution's credit history evaluation of the borrower's cash flow and monetary obligations. OCBC is noted for its quickly software approach and also offers specialised products and solutions similar to the Eco-Care Home Personal loan for Homes using a BCA Environmentally friendly Mark certification. The bank's bank loan services also present flexibility for borrowers to click here reprice their bank loan offer or make partial prepayments.