OCBC presents a number of household mortgage packages for HDB flats, giving competitive interest prices as an alternative towards the HDB Concessionary Mortgage. Their choices involve both of those fastened and floating fee selections. As an illustration, a fixed-price bundle may well provide a level of two.32% p.a. for any two-year lock-in interval, even though a floating-charge choice is often pegged on the 3-Thirty day period Compounded SORA having a distribute. To get eligible for an OCBC HDB financial loan, applicants have to be at the very here least 21 years outdated and meet a least mortgage degree of S$two hundred,000 for HDB flats. The loan total and approval are matter to the Total Financial debt Servicing Ratio (TDSR) and the financial institution's credit history assessment on the borrower's money and economic obligations. OCBC is noted for its quick application system and also offers specialized merchandise like the Eco-Care Property Personal loan for properties by using a BCA Environmentally friendly Mark certification. The lender's loan companies also deliver flexibility for borrowers to reprice their mortgage package deal or make partial prepayments.