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Just got a letter for revision of home loan interest rates (3.0 to 3.5%) I'm thinking of doing a repricing. But should I go for floating 0.75% + SIBOR rates (revised every 3months) (1yr locked in) OR 1% + SIBOR rates (capped at 1.49% if SIBOR goes high) (locked in 3yrs) Any suggestions?

Better check if you kenna shafted by your legal ah long. http://forums.condosingapore.com/showthread.php/23448-Citibank-is-unilaterllay-rasing-the-spread-on-its-existing-Sibor-loan-customers-!/page2

133 traders in all around 20 banks is involved and 3/4 has resigned or ask to leave. 19 Banks are now to set aside reserves by end of this month for the traders action, some bank need to set aside as high as 1billion. Looks like this year bankers will not get good bonus due to so much opportunity cost lost and also large amount of $ taken out to put into reserves. http://www.channelnewsasia.com/news/singap...nks/710364.html

kind of curious. Asian economies are raising interest rates recently while US Fed just mentioned that recovery is flatering so US probably will not raise interest rates. What is our local Sibor rate affected mostly by? US rates or local rates?

Guys, I am thinking of buying a home and is considering between the 3. Which one should I take? some of espirna people have some data on the % http://www.myhometown.sg/Forum/tabid/84/af...35/Default.aspx Bank Year 1/2/3/4 3M-SIBOR HSBC 0.70/0.70/0.70/0.75 thereafter St.C 0.65/0.75/1.00/1.00 thereafter Citi 0.65/0.75/0.80/0.90 thereafter Maybank 0.50/0.75/1.25/1.25 thereafter (1 yr lock) DBS 0.70/0.70/0.70/0.75 thereafter 3M-SOR OCBC 0.75/0.75/0.75/1.00 thereafter (no lock) OCBC 0.65/0.65/0.75/1.00 thereafter (2 yrs lock) UOB 0.70/0.70/0.70/1.00 thereafter CIMB 0.90/0.80/0.70/0.70 thereafter Fixed/Variable DBS 1.88% fixed for 5yrs, thereafter pegged to board rate DBS 1.28/1.68/1.98/3M SIBOR +0.88/3M SIBOR +0.88/ thereafter 3M SIBOR +1.00 Benefits: HSBC - 5yrs fire insurance, 0.5% legal subsidy(caps 2.5k), no clawback on valuation fee, 1 free conversion 6mths after TOP, HomeAssist(go read up if you dunno), $200 shopping vouchers ================================================ St. Chartered - 1yr fire insurance, 0.3% legal subsidy(caps 2.0k)+500 if LOA accepted within 2days,1 free conversion after TOP ================================================ Citi - flexibility to choose between 1/3M SIBOR, 0.4% legal subsidy (caps 2.5k), no penalty for partial/full payment after 2nd yrs. Payment must be made exactly on that very expiry date of an interest period, otherwise 0.5% of prepayment amt. Prepayment is at least 10k at a time & must give 1 mth adv notice. ================================================ OCBC - 2yr fire insurance, 1 free conversion after TOP, minumum prepayment amt is 5k ================================================ UOB - 2yr fire insurance, 1 free conversion after TOP, no partial/prepayment penalty, legal fully covered if make enouugh noise to the banker) <- No need to make noise. Its confirmed covered. ================================================ Maybank - 1yr fire insurance, 1 free conversion anytime after 1yr lock-in, legal fee subsidy up to 2.5k or 0.4% (whichever is lower), valuation subsidy up to $500

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