OCBC offers a number of dwelling mortgage packages for HDB flats, providing aggressive desire fees instead into the HDB Concessionary Personal loan. Their offerings contain the two set and floating rate options. For example, a fixed-rate bundle could give you a price of two.32% p.a. for your two-yr lock-in period, when a floating-fee choice is often pegged on the 3-Month Compounded SORA having a distribute. For being suitable for an OCBC HDB bank loan, applicants must be not less than 21 several years more info old and satisfy a minimum bank loan amount of S$two hundred,000 for HDB flats. The mortgage total and approval are matter to the full Financial debt Servicing Ratio (TDSR) and the financial institution's credit rating evaluation with the borrower's income and economic obligations. OCBC is recognized for its quickly software process and also offers specialized solutions just like the Eco-Care Property Personal loan for properties using a BCA Inexperienced Mark certification. The lender's personal loan solutions also supply overall flexibility for borrowers to reprice their mortgage bundle or make partial prepayments.