Hi All,

I am a mortgage consultant that has been accredited by the Mortgage Finance Association of Singapore (MFAS). I do not charge my clients any fees because the banks pay me a referral fees. I believe that I add more value than most of the property agents because I have a larger panel of banks than they do, and I do comparative analysis for my clients instead of just asking the individual bankers to call them. If you are very busy with work and spending time with family, do you want to deal with 10 bankers from different banks?

 

I have access to rates that are unpublished on the banks' websites. Can you imagine how much time you can save by using my free service?

 

I welcome people to ask me for advice even if they do not get the loan from me. My aim is to build up my client base through recommendations.

 

Below are the attractive packages of Banks A, B, C, D and E. There are packages suitable for people currently within or without lock-in.

 

BANK A

12 Month SIBOR is currently 1.578% as at March 3.

Targeted towards New Purchase (Completed Properties) and Refinancing for people Currently WITHOUT lock in penalty. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

For Private Property only. Minimum $200K.

 

Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 0.75%
Year 3: 3rd Year 12 Month SIBOR + 1%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1%. This is used to pay the lock in penalty to your current bank. If your lock in penalty is 1.5%, the rest you have to fork out. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

 

For Private Property only. Minimum $200K.

Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1%
Year 3: 3rd Year 12 Month SIBOR + 1.25%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property only. Minimum $200K.

Year 1: 2.88% (Fixed)

Year 2: 2.88% (Fixed)

Year 3: 2.88% (Fixed)

Thereafter: SIBOR + 1%

Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. For HDB only. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

For HDB only. Minimum $100K.

 

Year 1: 2.88% (Fixed)

Year 2: 2.88% (Fixed)

Year 3: 2.88% (Fixed)

Thereafter: CHR (CPF Housing Rate) + 1.58%
 
Bank B

New Purchase or Refinancing. 3 years Fixed Rate Package. Full Redemption Penalty: 1% during lock-in. Lock-in for this package is 3 years.

 

For Private and HDB. Minimum $300K

Year 1 = 1.68% (Fixed)
Year 2 = 2.68% (Fixed)
Year 3 = 3.38% (Fixed)
Thereafter = 3.75% Floating

This package has been extended until March 20.
 
Bank C
3 Month SOR has been hovering between 1.28% to 1.8% for the past 3 weeks.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

 

For Private property only. Minimum $300K

 

Year 1 = 3 Month SOR + 0.5%
Year 2 = 3 Month SOR + 0.75%
Year 3 = 3 Month SOR + 1%
Thereafter = 3M SOR + 1%

Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty, 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated on an annual basis over three years.

For Private property only. Minimum $200K

Year 1 = 3 Month SOR + 1%
Year 2 = 3 Month SOR + 1.25%
Year 3 = 3 Month SOR + 1.5%
Thereafter = 3M SOR + 1%

‘

Bank D
3 Month SIBOR is currently 1.5625% as at March 3.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

For HDB and Private. Min HDB = $100K, Min Private = $200K

Year 1 = 3 Month SIBOR + 0.7%
Year 2 = 3 Month SIBOR + 0.7%
Year 3 = 3 Month SIBOR + 0.7%
Thereafter = 3 Month SIBOR + 0.7%

Targeted towards Refinancing for people Currently With Lock-in Penalty, we can submit a request for the bank to provide a penalty subsidy. No lock in for this package but the penalty subsidy may be subjected to clawback to be decided by the bank on case by case basis.

 

For HDB and Private. Min HDB = $100K, Min Private = $200K

Year 1 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 2 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 3 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Thereafter = 3 Month SIBOR + 0.7%

 

Bank E

Targeted towards New Purchase or Refinancing (Completed Properties only). 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1 - 24 mth : 2.75%, 25 - 36 mth : 1.5% during lock-in.

 

For HDB and Private. Min HDB = $200K, Min Private = $400K

Year 1 = 0% (Fixed)
Year 2 = 3.6% (Fixed)
Year 3 = 4.5% (Fixed)
Thereafter = 3.75% (Floating)

 

Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only), 2 years Fixed Rate Package with no clawback 1.5% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty:

within 12 mths - 2.5%, 13th mth-24th mth - 1.5%, 25th mth-36th mth - 1% during lock-in.

 

For HDB and Private. Min HDB = $80K, Min Private = $200K

 

Year 1 = 2.8% (Fixed)
Year 2 = 2.8% (Fixed)
Year 3 = 2.8% (Floating)
Thereafter = 3.75% (Floating)

 

I offer packages from up to 10 banks, and after finding out your requirements, I will then recommend something suitable for you.

 

I will update this thread with new attractive packages when available.

Feel free to call me at 91872681, Edward Sim. :D

Please refer to this post for most updated packages: Added some amendments, more Bank E packages and new Bank F packages

 

BANK A

12 Month SIBOR is currently 1.578% as at March 3.

Targeted towards New Purchase (Completed Properties) and Refinancing for people Currently WITHOUT lock in penalty. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

 

Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 0.75%
Year 3: 3rd Year 12 Month SIBOR + 1%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1%. This is used to pay the lock in penalty to your current bank. If your lock in penalty is 1.5%, the rest you have to fork out. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

 

For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

Year 1: March 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1%
Year 3: 3rd Year 12 Month SIBOR + 1.25%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property only. Minimum $100K, but legal subsidy only for loan >$200K.

Year 1: 2.88% (Fixed)

Year 2: 2.88% (Fixed)

Year 3: 2.88% (Fixed)

Thereafter: SIBOR + 1%

Targeted towards New Purchase or Refinancing for people Currently WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 1% cash rebate for the 1st year. For HDB only. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

For HDB only. Minimum $100K.

 

Year 1: 2.88% (Fixed)

Year 2: 2.88% (Fixed)

Year 3: 2.88% (Fixed)

Thereafter: CHR (CPF Housing Rate) + 1.58%
 
Bank B

New Purchase or Refinancing. 3 years Fixed Rate Package. Full Redemption Penalty: 1% during lock-in. Lock-in for this package is 3 years.

 

For Private and HDB. Minimum $300K

Year 1 = 1.68% (Fixed)
Year 2 = 2.68% (Fixed)
Year 3 = 3.38% (Fixed)
Thereafter = 3.75% Floating

This package has been extended to March 28.
 
Bank C
3 Month SOR has been hovering between 1.28% to 1.8% for the past 3 weeks.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

 

For Private property only. Minimum $300K

 

Year 1 = 3 Month SOR + 0.5%
Year 2 = 3 Month SOR + 0.75%
Year 3 = 3 Month SOR + 1%
Thereafter = 3M SOR + 1%

Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty, 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated on an annual basis over three years.

For Private property only. Minimum $200K

Year 1 = 3 Month SOR + 1%
Year 2 = 3 Month SOR + 1.25%
Year 3 = 3 Month SOR + 1.5%
Thereafter = 3M SOR + 1%

 

Bank D
3 Month SIBOR is currently 1.5625% as at March 3.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty. No lock in for this package.

Year 1 = 3 Month SIBOR + 0.7%
Year 2 = 3 Month SIBOR + 0.7%
Year 3 = 3 Month SIBOR + 0.7%
Thereafter = 3 Month SIBOR + 0.7%

Targeted towards Refinancing for people Currently With Lock-in Penalty, we can submit a request for the bank to provide a penalty subsidy. No lock in for this package but the penalty subsidy may be subjected to clawback to be decided by the bank on case by case basis.

 

Year 1 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 2 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Year 3 = 3 Month SIBOR + 0.7% + Additional Markup (determined by bank)
Thereafter = 3 Month SIBOR + 0.7%

 

Bank E
3 Month SOR is currently 1.3661% as at March 25.

 

Targeted towards New Purchase or Refinancing (Completed Properties only) 3 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1 - 24 mth : 2.75%, 25 - 36 mth : 1.5% during lock-in.

 

For HDB and Private. Min HDB = $200K, Min Private = $400K

Year 1 = 0% (Fixed)
Year 2 = 3.6% (Fixed)
Year 3 = 4.5% (Fixed)
Thereafter = 3.75% (Floating)

 

Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only), 2 years Fixed Rate Package with no clawback 1.5% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty:

within 12 mths - 2.5%, 13th mth-24th mth - 1.5%, 25th mth-36th mth - 1% during lock-in.

 

For HDB and Private. Min HDB = $80K, Min Private = $200K

 

Year 1 = 2.8% (Fixed)
Year 2 = 2.8% (Fixed)
Year 3 = 2.8% (Floating)
Thereafter = 3.75% (Floating)

 

Targeted towards Private Property New Purchase or Refinancing (Completed Properties with CSC only). One time free conversion to other packages within bank after 12 months from 1^st loan disbursement. No lock in for this package.

 

For Private property only. Minimum $200K

 

Year 1 = 3, 6 or 12 Month SOR + 0.7%
Year 2 = 3, 6 or 12 Month SOR + 0.7%
Year 3 = 3, 6 or 12 Month SOR + 0.7%
Thereafter = 3, 6 or 12 Month SOR + 0.7%

 

Targeted towards Private Property New Purchase or Refinancing (BUC Progressive or Deferred or TOP properties). One time free conversion to other packages within bank after 12 months from 1^st loan disbursement. No lock in for this package.

 

For Private property only. Minimum $200K

 

Year 1 = 3 SOR + 0.7%
Year 2 = 3 SOR + 0.7%
Year 3 = 3 SOR + 0.7%
Thereafter = = 3 SOR + 0.7%

 

Bank F

3 Month SOR is currently 1.3661% as at March 25.

 

Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties. 1 year Fixed Rate Package. Lock-in for this package is 2 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property Only. Min Private = $200K

Year 1 = 2.3% (Fixed)
Year 2 = 2.5%
Year 3 = 2.5%
Thereafter = 3.75% (Floating)

 

Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 2 years Fixed Rate Package. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property Only. Min Private = $200K

Year 1 = 2.4% (Fixed)
Year 2 = 2.4% (Fixed)
Year 3 = 2.5%
Thereafter = 3.75% (Floating)

 

Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). 3 years Fixed Rate Package.  Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property Only. Min Private = $200K

Year 1 = 2.75% (Fixed)
Year 2 = 2.75% (Fixed)
Year 3 = 2.75% (Fixed)
Thereafter = 3.75% (Floating)

 

Targeted towards New Purchase or Refinancing for people with maximum 2 properties (TOP Properties). Lock-in for this package is 1 year. Partial redemption allowed but outstanding loan after partial redemption  must be at least 50%, otherwise 1.5% penalty. Full Redemption Penalty: 1.5% during lock-in.

 

For Private Property Only. Min Private = $200K

 

Year 1 = 3 Month SOR + 0.65%
Year 2 = 3 Month SOR + 0.75%
Year 3 = 3 Month SOR + 1.25%
Thereafter = 3M SOR + 1.25%

 

Feel free to call me at 91872681, Edward Sim. :D

Some packages have been withdrawn and some new packages added. Please refer to updated packages still available below.

 

BANK A

12 Month SIBOR is currently 1.562% as at Apr 1.

Targeted towards New Purchase (Completed Properties). Refinancing for people Currently With Lock In Penalty, the bank will offer a penalty subsidy of up to 0.5%. 0.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

For Private only. Min $100K, but legal subsidy only for loan >$200K.

Year 1: April 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 0.75%
Year 3: 3rd Year 12 Month SIBOR + 1%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1%. 1% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

 

For Private only. Min $100K, but legal subsidy only for loan >$200K.

Year 1: April 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1%
Year 3: 3rd Year 12 Month SIBOR + 1.25%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards Refinancing for people Currently WITH lock in penalty, the bank will offer a penalty subsidy of up to 1.5%. 1.5% Penalty subsidy subjected to 3 years clawback pro-rated on a monthly basis. Lock-in for this package is 2 years but there will be 2 free interest-rate conversions within 24 months. No penalty for partial repayment. 1.5% penalty for full redemption during lock-in period.

 

For Private only. Min $100K, but legal subsidy only for loan >$200K.

Year 1: April 1st Business Day 12 Month SIBOR + 0.5%
Year 2: 2nd Year 12 Month SIBOR + 1.25%
Year 3: 3rd Year 12 Month SIBOR + 1.5%
Thereafter: The year’s prevailing 12 Month SIBOR + 1%

 

Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT lock in penalty, 3 years fixed interest rate with no clawback 0.75% cash rebate (Cash Rebate only for New Purchase). Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private only. New Purchase: Min $100K, but legal subsidy only for loan >$200K. Refinancing: $300K.

Year 1: 2.98% (Fixed)

Year 2: 2.98% (Fixed)

Year 3: 2.98% (Fixed)

Thereafter: SIBOR + 1%

 

Targeted towards New Purchase, 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.

 

Year 1: 2.98% (Fixed)

Year 2: 2.98% (Fixed)

Year 3: 2.98% (Fixed)

Thereafter: CHR (CPF Housing Rate) + 1.58%

 

Targeted towards New Purchase: 1^st time buyer of HDB or Private, where at least one of the owner is a 1^st time buyer, or 1^st time upgraders from HDB to Private, for owner-occupied purpose. (Available to both BUC and Completed Properties). There is a 7 days return policy. 3 years fixed interest rate with no clawback 0.75% cash rebate. Lock-in for this package is 3 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private and HDB. For HDB: Min $100K. For Private: Min $100K, but legal subsidy only for loan >$200K.

 

Year 1: 2.98% (Fixed)

Year 2: 2.98% (Fixed)

Year 3: 2.98% (Fixed)

Thereafter: CHR (CPF Housing Rate) + 1.58%

 

 

Bank C
3 Month SIBOR is currently 1.375% as at Apr 1.

12 Month SIBOR is currently 1.562% as at Apr 1.

Targeted towards New Purchase or Refinancing for people Currently WITHOUT Lock-in Penalty (Completed properties only). No lock in for this package. 1 time free conversion to other packages within the bank. The markup of 1% is negotiable.

 

For Private and HDB. Min $100K

 

Year 1 = 3 or 12 Month SIBOR + 1%
Year 2 = 3 or 12 Month SIBOR + 1%
Year 3 = 3 or 12 Month SIBOR + 1%
Thereafter = 3 or 12 Month SIBOR + 1%

Targeted towards Refinancing for people Currently WITH or WITHOUT Lock-in Penalty, 1.5% cash rebate will be given to you. If you are within lock-in, you can use this to pay for your penalty to existing bank. If without lock-in, you can use this cash as you like. No lock-in for this package but cash rebate subjected to clawback pro-rated on an annual basis over three years. 1 time free conversion to other packages within the bank. The markup of 1.5% is negotiable.

For Private and HDB. Min $100K

 

Year 1 = 3 or 12 Month SIBOR + 1.5%
Year 2 = 3 or 12 Month SIBOR + 1.5%
Year 3 = 3 or 12 Month SIBOR + 1.5%
Thereafter = 3 or 12 Month SIBOR + 1%

 

Targeted towards New Purchase or Refinancing for people Currently WITH or WITHOUT Lock-in Penalty. 2 years Fixed Rate Package. Lock-in for this package is 2 years. Partial and Full Redemption Penalty: 1.5% during lock-in.

 

For Private and HDB. Min $100K

 

Year 1 = 2.88% (Fixed)
Year 2 = 2.88% (Fixed)