Comparison with Leading Bank A
| Example 1 |
Your existing SGD Australia Property Loan Interest Rate | New Interest Rate | Difference | Yearly Savings (Comparison based on $500,000, 25 yrs tenure) |
| 1st Year | 3 months Sibor + 2.5% = ~2.91% | ~1.76% | 1.14% | ~$7,773 |
| 2nd Year | 3 months Sibor + 2.5% = ~2.91% | ~1.76% | 1.14% | ~$7,773 |
| 3rd Year | 3 months Sibor + 2.5% = ~2.91% | ~1.76% | 1.14% | ~$7,773 |
| Thereafter | 3 months Sibor + 2.5% = ~2.91% | ~1.76% | 1.14% | ~$7,773 |
Comparison with Leading Bank B
| Example 2 |
Your existing SGD Australia Property Loan Interest Rate | New Interest Rate | Difference | Yearly Savings (Comparison based on $500,000, 25 yrs tenure) |
| 1st Year | ~2.52% | ~1.76% | 0.76% | ~$5,160 |
| 2nd Year | ~2.52% | ~1.76% | 0.76% | ~$5,160 |
| 3rd Year | ~2.52% | ~1.76% | 0.76% | ~$5,160 |
| Thereafter | ~2.52% | ~1.76% | 0.76% | ~$5,160 |
Benefits and Details:
- Principal and Interest Cost Savings.
- Applicable for Refinancing of Australia and/or New Zealand Property Loans.
- Minimum loan amount of AUD >$500,000 and/or NZD >$500,000.
- Up to LTV 75% for Singapore dollar loans and LTV 80% for Australian and New Zealand dollar loans.
- For completed properties or properties obtaining TOP within 3 months.
- Dual currency account with flexibility to switch between currencies, example AUD > SGD > AUD.
- Applicable for Singapore Citizens, Permanent Residents and Foreigners.
- Australia and New Zealand Country Wide.
- Minimum build in area of 50 sqm, excluding Serviced Apartments and Commercial Units.
- Applicable for Individuals and Singapore Investment Holding Companies.
- Rates of ~1.76% based on current SGD cost of funds. Applicable to finance your home loan in AUD and NZD cost of funds from ~4.2% and ~5.19% onwards respectively.
- Yearly savings illustration based on total principal and interest savings in a year.
- SIBOR stands for Singapore Interbank Borrowing Offer Rate.
- Attractive Promotional Rates for New Purchase from ~1.86% (based on current SGD cost of funds).
- Only for a very limited period of time.
- > Apply today!
Related Links:
+ Australia Property Loans (Singapore Lenders) vs Australia Property Loans (Australian Lenders)
Australia Property Loans (Singapore) vs Australia Property Loans (Aussie) - See more at: http://www.mortgagesupermart.com.sg/resources/articles/197-sg-australia-property-loans-vs-aussie-australia-property-loans#sthash.bXfc9E1S.dpuf