OCBC Bank Mortgage Loan

OCBC Bank Mortgage Loan from Klang-Valley.com

By: Klang-Valley.com  30-10-2009
Keywords: Loan, mortgage

A new home loan package by OCBC Bank that is based on mortgage lending rate (MLR). This package is named the Ideal Mortgage. The MLR is OCBC Bank’s internal reference rate developed exclusively for home loans and is calculated based on the mortgage business as opposed to the BLR (base lending rate) which takes into consideration overall bank costs.

Currently, the MLR is set at 4.40% and OCBC’s BLR is 5.55%. The loan rate is  MLR – 0.75% entire tenure. It has a lock in period of 3 years only. You can made extra prepayment and withdrawal also.

To apply, visit http://www.Klang-Valley.com

Keywords: Loan, mortgage