OCBC supplies various dwelling loan packages for HDB flats, providing competitive desire rates as an alternative to the HDB Concessionary Personal loan. Their choices include things like both equally fastened and floating fee selections. By way of example, a set-price package could possibly give a charge of 2.32% p.a. for just a two-12 months lock-in period, though a floating-amount alternative is often pegged to your 3-Thirty day period Compounded SORA using a distribute. To get eligible for an OCBC HDB financial loan, applicants has to be at least 21 yrs previous and meet up with a minimal financial loan level of S£200,000 for HDB flats. The financial loan amount and approval are issue to the whole Personal debt Servicing Ratio (TDSR) as well as the lender's credit assessment with the borrower's income and fiscal obligations. OCBC is noted for its quickly software approach and also provides specialised products much like the Eco-Treatment Dwelling Loan for Homes that has a BCA Environmentally website friendly Mark certification. The lender's loan providers also give overall flexibility for borrowers to reprice their personal loan offer or make partial prepayments.