Three banks in Singapore: DBS Bank, Oversea-Chinese Banking Corporation, and United Overseas Bank

1. Three banks in Singapore: DBS Bank, OCBC Bank, and United Overseas Bank

OCBC Bank

2. What is the mortgage loan interest rate of OCBC Bank in Singapore in 2021?

The average loan interest rate for first home loans is 5.33%, and the average loan interest rate for second home loans is 5.61%

3. What is the loan policy for buying a house in Singapore? Is it friendly to foreigners?

It doesn’t matter whether it’s friendly or not. Rich people will buy apartments, which are equivalent to high-end private houses in China. People without money will buy HDB flats (low-cost housing), but there are requirements (3 years after obtaining permanent residence) Above, etc.)

The down payment is at least 20% (it seems to have increased recently?), and the interest rate is very low, much lower than in China

When applying for a loan, banks must review your income and Credit situation, it is more difficult if you don’t have a local job

4. What is the security code of OCBC Bank in Singapore

The security code of OCBC Bank in Singapore generally consists of six digits. The bank card security code is a security code that is mainly used to verify the identity of the cardholder to prevent bank card theft. In most banks, only credit cards are designed with full codes.