OCBC provides many different house loan deals for HDB flats, offering competitive fascination rates in its place on the HDB Concessionary Mortgage. Their offerings include equally preset and floating rate possibilities. For example, a fixed-charge bundle could present you with a level of two.32% p.a. for just a two-calendar year lock-in interval, though a floating-level possibility is often pegged on the 3-Thirty day period Compounded SORA with a distribute. To generally be suitable for an OCBC HDB mortgage, applicants needs to be no less than 21 many years aged and fulfill a minimal mortgage volume of S$200,000 for HDB flats. The mortgage sum and acceptance are issue to the Total Debt Servicing Ratio (TDSR) more info as well as bank's credit score evaluation with the borrower's revenue and money obligations. OCBC is noted for its fast application method and also provides specialized products and solutions such as the Eco-Care Property Mortgage for Attributes by using a BCA Eco-friendly Mark certification. The bank's loan products and services also deliver flexibility for borrowers to reprice their bank loan package deal or make partial prepayments.