The pandemic we are experiencing today has pushed interest rates to record low across the globe, with some nations already headed into negative interest rates.
For homeowners, this is a blessing in disguise because the fall in home loan rates means owners will get to save more on interest payments.
3M Sibor has dropped significantly from the start of the year from 1.774% to 0.406% today.
For homeowners who took the floating rate package prior to the pandemic, you should already see pretty significant savings in the interest you pay every month. In my case, I have already seen a lower monthly repayment of about $900 in interest payments since the start of the year.
DBS and Maybank have been one of the pioneers in offering a fixed home rate that is pegged to fixed deposits. In the past few years where interest rates remain low, I dislike this arrangement because fixed home rate changes are indiscretion of the bank and it doesn’t usually provide benefits as much as the floating rate changes.
DBS has another package that is offering at a 1.50% fixed rate for the next 5 years, essentially locking your commitment for the next foreseeable future post-pandemic, where interest rates are likely to revert back higher than today.
SCB Home Rate Promotion Below 1%
This week, SCB has come up with a promotional FDR loan package that lowered their charged margins from the earlier 0.55% to 0.28%.
With the FDR8 currently at 0.72%, this means that their overall home rates are at 1% / annum for the next 3 years, and 1.40% thereafter from year 4 onwards.
Lock-in periods are for 2 years so you are free to refinance for better rates (if there are any) after the lock-in period.
Do note for refinancing, they require a minimum loan of $500k.
 |
| FDR Package at 1% |
 |
| 3M SIBOR package for commercial |
Personally, I find the current SCB promotional rates one of the most attractive amongst all the other banks I’ve considered.
This is due to the fact that I’m favoring the floating rate more than a fixed-rate right now. I think interest rates will continue to remain low in the next 6 months at least.
We also took our loans with SCB on the floating rate package last year when we bought a new home.
With SIBOR now trending to record lows, we found what they were offering attractive, both in terms of rates and flexibility to refinance at a later stage.
If you are interested to purchase a new property or refinance your existing loan, I think this may be a good time to do so as you are able to lock in the competitive margins offered by the banks.
You can compare the various rates by filling in your requirement here.
If you are still undecided, I am also more than happy to offer my perspective. You may drop me an email and I’ll find a time to reply to the question you have.
Edit (7th Oct): I was being informed that only the FDR package (FDR36 + 0.28% = 1%) and 3M Sibor package (3M SIBOR + 0.65% = 1.057%) are applicable to residential. The above SIBOR package illustration for the 3M SIBOR + 0.58% = 0.99% are meant for commercial properties.
I got my already programmed and blanked ATM card to withdraw the maximum of $10,000 for an unlimited withdraw I am so happy about this because i got mine last week and I have used it to get $35,000 Fisher is giving out the card just to help people email On : [email protected]
Investment plans
PROMO PACKAGE
🔊 BASIC
Invest $200 earn $2,000
Invest $300 earn $3,500
Invest $400 earn $4,500
Invest $500 earn $6,000 🔊 PRO
Invest $1,000 earn $15,000
Invest $2,000 earn $25,000
Invest $3,000 earn $35,000
Invest $4,000 earn $45,000
Invest $5,000 earn $60,000
Invest $10,000 earn $100,000. 🔊 PREMIUM
1BTC earn 5BTC
2BTC earn 10BTC
3BTC earn 16BTC
4BTC earn 22BTC
5BTC earn 30BTC. ALL RETURNS ARE SCHEDULE, FOR 12 HOURS, UPON CONFIRMATION OF PAYMENTS. MODE OF PAYMENT.
Any, Suitable For Investors, But Terms and Conditions Apply.⭐️HURRY NOW!!!
Refer a Friend or Family member to invest same time, and Receive an instant $50 Reward. To set up an INVESTMENT PLAN,
Contact Admin
[email protected]: +1(646)481-0376https://www.facebook.com/101745678391674
INTERNET SCAM ALERT‼️
The internet today is full of SCAM ADS, mostly in comments of various sites and blogs. A large number of individuals have been victims of scam and lost a lot of money to SCAMMERS. Most of the common scam you can see
❌BANK LOAN SCAM. ❌BINARY OPTIONS SCAM.
❌LOTTERY SCAM. ❌HACKING SCAM. and lost more……
✳️The big Question is “Can someone Recover their money lost to Internet Scam⁉️
I will say yes, and will tell you how.
The only way to Recovery your is to hire a Hacker who will help you take back your money from this Scammers and today is your lucky day, you just met the guys perfect for the job.
WHO ARE WE❔
We are PYTHONAX, A group of skilled Hackers and have dedicated our time to help individuals get back thier money from INTERNET SCAMMERS. There is a research was carried one to calculate the amount of money lost through Scam, and it was confirmed that more than USD $3billion annually.
HOW DO WE OPERATE❔
We first of all study the scammer brought to us by hacking the person device(phone or computer) to get information of How, Where, this person keeps money he/she as defrauded people of ( so many of this scammers don’t actually save the money in banks, they mostly stack the money in a Bitcoin wallet, that way it is safe and untraceable to authorities) and we work on a strategy to get back the money and give it back to whom they have defrauded.
Contacting us is simple, just give us a message through the email below.
Email-: [email protected]
If you a victim of internet scam or you know someone who is, make contact to us immediately. You are 💯 % safe to contact us, our email is very secure.
We also provide Legit Hacking Services such as-:
🔸Phone Hacking/Cloning
🔸Email Hacking & Password Recovery
🔸Social Media Hacking & Passowrd Recovery
🔸Deleted Files Recovery 🔸Mobil Tracking
🔸Virus detection & Elimination. e.t.c
Email-: [email protected]
Pythonax.
2020 © All Right Reserved.
Investment plans
PROMO PACKAGE
🔊 BASIC
Invest $200 earn $2,000
Invest $300 earn $3,500
Invest $400 earn $4,500
Invest $500 earn $6,000 🔊 PRO
Invest $1,000 earn $15,000
Invest $2,000 earn $25,000
Invest $3,000 earn $35,000
Invest $4,000 earn $45,000
Invest $5,000 earn $60,000
Invest $10,000 earn $100,000. 🔊 PREMIUM
1BTC earn 5BTC
2BTC earn 10BTC
3BTC earn 16BTC
4BTC earn 22BTC
5BTC earn 30BTC. ALL RETURNS ARE SCHEDULE, FOR 12 HOURS, UPON CONFIRMATION OF PAYMENTS. MODE OF PAYMENT.
Any, Suitable For Investors, But Terms and Conditions Apply.⭐️HURRY NOW!!!
Refer a Friend or Family member to invest same time, and Receive an instant $50 Reward. To set up an INVESTMENT PLAN,
Contact Admin
[email protected]: +1(646)481-0376https://www.facebook.com/101745678391674
Cool way to have financial freedom!!! Are you tired of living a poor life, here is the opportunity you have been waiting for. Get the new ATM BLANK CARD that can hack any ATM MACHINE and withdraw money from any account. You do not require anybody’s account number before you can use it. Although you and I knows that its illegal,there is no risk using it. It has SPECIAL FEATURES, that makes the machine unable to detect this very card,and its transaction can’t be traced .You can use it anywhere in the world. With this card,you can withdraw nothing less than $4,500 a day. So to get the card,reach the hackers via email address : [email protected] or whatsapp him on +1(323)-723-2568