|Fixed rate package||SORA-pegged package|
|Fixed rate for the first 2 years||3-month compounded SORA rate^ as published by the Monetary Authority of Singapore|
|Fixed instalments for the first 2 years||No repapering of loans in the future when SORA becomes the standard interest rate|
^This is computed by compounding the daily published SORA rate over the historical 3-month period.
View this application checklist for supporting info you may need to prepare.
We will email your guarantors to endorse your application.
Once your application is received, our relationship manager will contact you with a conditional offer.
Upon submission, you’ll also receive an email with details on how to check updates about your application.
When everything is in order, you’ll receive the final offer for your sign-off.
If you apply using ACRA or MyInfo Business, we can retrieve most of the required information so most businesses do not need to provide financial documents. However, additional information may be required on a case-by-case basis.
Additional information you may need to prepare are:
- Address, floor size, and tenure of property
- Valuation or price of property
- Option to purchase, if available
- Latest 2 years financial statements
- Latest 3 months bank statements
Not required if DBS is your main operating bank
Are there any other fees I should be prepared for?
We provide legal and valuation subsidies which amount to a substantial amount of savings. Our relationship manager will explain the benefits and terms after you’ve submitted your application.
Are there any fees for repaying my loan earlier?
If you choose to refinance your loan within the lock-in period, there will be some charges. For details, contact your relationiship manager.