Bettytlopez

A Comparison of HDB Bank Loans (2005)

March 4, 2006

For those thinking of getting their own homes, here is a comparison of HDB(Housing Development Board) Bank loan rate comparisons last year June 2005. Give or take a few % the ranking of the banks with the best rates would probably be almost the same.

Take note however that effective March, most banks are increasing their HDB Home Loans interest rates

Rank
 Bank Loans
(80% and 90%)
  
Year 1
  
Year 2
  
Year 3
 Costs: years 1+2+3
1
 Maybank   80%
                  (90%)
 3.23
(3.88)
 3.43
(3.88)
 3.73
(4.48)
  10.39
 (13.39)
1
 Hong Leong 80% Finance      (90%) 
 3.20
(3.95)
 3.50
(4.25)
 3.75
(4.75)
 10.45
(12.95)
1
 OCBC        80%
                  (90%)
 3.25
(4.00)
 3.50
(4.25)
 3.75
(4.75)
 10.5
(13.0)
1
 UOB           80%
                  (90%)
 3.25
(4.00)
 3.50
(4.25)
 3.75
(4.75)
 10.5
(13.0)
1
 DBS           80%
                  (90%)
 3.25
(4.00)
 3.50
(4.25)
 3.75
(4.75)
 10.5
(13.0)
2
 Standard    80%
Chartered (90%)
 3.25
none
 3.75
none
 4.0
none
 11.0
none
2
 HSBC        80%
                  (90%)
 3.5
(4.25)
 3.5
(4.25)
 3.5
(4.5)
 11.5
(13.0)
3
 ABN Amro 80%
                   (90%)
 4.15
4.25
 4.5
4.5
 4.5
4.5
 13.15
(13.25)
3
 Citibank     80%
                  (90%)
4.5
(4.75)
 4.5
(4.75)
 4.5
(4.75)
 13.5
(14.25)
For comparison
 HDB Loan  90%
 2.6
 2.6
 2.6
 7.8
Posted by bettytlopez at 10:47 pm | permalink | comments[1]