hdb house loan

plump SG

never ever choose StandChart as ur bank for this purpose!!! damn!!

promise 1st year 1.2%
2nd year 2.6%
subsequently 2.65%

i pay for the first 6 mth, then increase 1.7%, then another 8 months to 2.6%,

1 WEEK LATER to 3.8%, 2 months later to 4.7% !!! really damn it!!!

i'm thinking of refinance with other Bank. but what's the procedure like? Do i need to pay extra to current bank and/or new bank???

i've checked with StandChart, they said i'm out of lock-in period already. But what other charges i need to pay??

any expert here?? pls advise...

thank you...

ndmmxiaomayi SG

Did they say BY the second year is 2.6%? If yes, then before second year, the rate will increase.

If they say the rate FOR second year is 2.6%, then when the second year starts, the rate will increase to 2.6%.

plump SG

i’m now in 2nd year and my rate is now 3.8% !

sohguanh SG

i'm now in 2nd year and my rate is now 3.8% !

Gosh.... lucky me stick to CPF 2.6 % every year... seem go gahmen way safest Shocked

ndmmxiaomayi SG

You sign up during the promotion period?

During promotion period, everything is like what you stated. After that, no more. That's why the increase is so large.

My Singnet broadband plan also like that. Promotion period pay this much, after that, they suck the hell out of you. All businesses work this way anyway.

plump SG

Originally posted by sohguanh:
[b]i'm now in 2nd year and my rate is now 3.8% !

Gosh.... lucky me stick to CPF 2.6 % every year... seem go gahmen way safest Shocked [/b]

wat do u mean u stick to cpf?? u mean u stick to posb?