OCBC gives several different house bank loan deals for HDB flats, giving competitive curiosity charges as a substitute towards the HDB Concessionary Mortgage. Their offerings include both preset and floating level solutions. For instance, a hard and fast-amount bundle may well offer a level of two.32% p.a. to get a two-calendar year lock-in period of time, although a floating-rate possibility is usually pegged towards the three-Month Compounded SORA which has a unfold. To be qualified for an OCBC HDB loan, applicants needs to be no less than 21 many years aged and meet a least mortgage here degree of S$two hundred,000 for HDB flats. The loan volume and acceptance are topic to the full Debt Servicing Ratio (TDSR) plus the bank's credit score evaluation of the borrower's revenue and economical obligations. OCBC is known for its quickly software system and also offers specialized merchandise such as Eco-Care Residence Financial loan for Attributes having a BCA Eco-friendly Mark certification. The financial institution's financial loan services also offer versatility for borrowers to reprice their bank loan deal or make partial prepayments.