Are mortgage rates the only thing to compare and review?

comparing popcorn and drinks

Simply comparing only the numerical value of an interest rate package is like comparing 2 bags of fruits based on price without consideration of its content and weight.

Lets take a look at the comparison matrix for some of the other factors & features for consideration:

Types of Interest Rate References

(1) Board Rate (2) Board Rate (3) Board Rate  
(Fixed Deposit Pegged - 12/18/24/36 months) (Uniform) (Multiple Variant)  
(4) SIBOR / SOR (5) Fixed Rate (6) Cost of fund  
(1/3/6/12 months) (1 -5 years) (1/3 months)  

Lock In /Tie In Period

Yes No    

Cancellation / Prepayment Penalty

0.75% - 2.00%      

Average Teaser Rate

1 - 5 years average      

Perpetual Throughout Rate

Yes No    

Bank Subsidies

Yes No    

Max Financing Quantum

50% - 80%      

Property Type

Residential (HDB / EC / Private Property) Commercial Industrial  International

Construction Phase

Completed Under-Construction Land and House  

Minimum Build In Requirement

>40 sqm >50sqm    

Type of Borrower

Individual Investment Holding Operating Company  


Owner-occupation Investment    


0 - 15% variation      


5 - 35 years      

Minimum Remaing Lease / Age Of Property

20 - 40 years      

Minimum Loan

>$200k etc >$300k etc >$500k etc  > $1M etc


Citizens Permanent Residents Foreigners US Tax Residents


Selected locations / zoning / states Country wide    

Mortgage Repayment

Principal + Interest Half Principal + Interest  Interest Only  

Interest Amortization

Daily Rest Monthly Rest Reducing Balance Straight Line / Linear

Interest Availability Period

3 - 6 months      

Additional Equity Term Loan

Yes No    

Max LTV/LVR for Equity Term Loan

70% 75% 80%  

Debt Servicing Ratio Exemptions

Yes No    

Loan Redraw Feature

Yes No    

Interest Offset

Yes No    

Dual Currency Switch

Yes No    

Loan Margin Call/Top Up

Yes, 5% buffer Yes, 10% buffer  Unlikely  

Processing Fee

Yes No    

Annual Recurring Fees

Yes No    

As Singapore’s independent mortgage specialist broker since 2010, we provide impartial unbiased advice to help you secure the best financing deals in town.

Speak with us today!