hi,
hope i can have some constructive advices(no jokes please)
I am applying for a HDB loan , heard that maybank has the best offer
For the variable rates (Floating)- also not eligible for hdb concessionary loan
It is
year 1: 1.88 %pa
year 2 : 2.18 %pa
Year 3 , 4, 5,6: 2.60 % pa
year 6 onwards: 2.6% pa
For POSB, it is
year 1: 2.00% pa
Year 2: 3.00 %pa
Therafter :3.5%
Also POSB also offers fixed (1 year/2 year)
Year 1:2.25%
Year 2: 3.25
Thereafter 3.5%
What is the difference bet fixed and variable..which one is better?
Anyone has taken maybank or POSB before and an comment /advice would be deeply appreciated.. whether it is good?for both.. no penalty for early redemption (early payback), only peanlty is they will take back legal fees which is about 2k..rather reasonable..
I am thinking of borrowing 100k over a period of 10 years
thankyou in advance