|
|
Refinance Properties
|
|
|
| Some people refinance their houses because it could mean substantial savings in the long run. Refinancing lets you take advantage of current financing features, which can be more attractive than the terms of your original financing plan. For instance, lower rates could mean lower instalments and more money saved. Or, the value of your house might have gone up, and by refinancing you can actually get additional cash. If you’ve been thinking of renovating your house, taking up a new business venture, or capitalising on an investment opportunity, refinancing can help to meet your changing needs. |
|
| | | |
|
| |
| Why This Product? |
|
• |
Competitive profit rates – affordable and reasonable |
|
• |
Zero lock-in period – no early settlement charges |
|
• |
High margin of financing |
|
• |
Save on stamp duty cost |
|
• |
>20% reduction on stamp duty for new financing |
|
• |
>100% stamp duty waiver for conversion from conventional loan |
|
• |
No compounding of profit charges |
|
• |
Ceiling rate for capping upon fluctuation of Base Financing Rate (BFR) |
|
• |
MRTT coverage for unexpected event. |
|
|
| Type of Property |
Completed properties only – Residential or Business Premises |
|
Low Initial Package
(Pay Profit only during first 3 years) |
No |
|
Pay Half Package
(50% during tenure remaining at the end) |
No |
|
| Zero Moving Cost |
No |
|
Free Up Equity
(Get additional cash) |
No |
|
|
| |
|
|
| |
|
|
 |
For Assistance |
 |
|
|
|
|
|
|
Current Account-i
