Should I Take a Bank Loan at Today's High Interest Rate when Buying Properties?

With the present high interest rate climate, it might seem daunting to commit to a high bank loan. However, it's important to recognize that this is just one piece of the puzzle. The decision to secure a bank loan should be a well-thought-out strategy that aligns with your financial goals.

In some cases, waiting for interest rates to stabilize might make sense, but it's also essential to remember that Singapore's real estate market continues to offer great opportunities even in today’s market environment.

Together, we can assess your unique situation, and create a tailored plan that optimizes your property investments.

Some possible solutions can be

• To renegotiate with your current bank on interest rates

• Switch to another of our recommended bank for lower interest rates

• Use your current assets to draw out equity cash for another property investment

Bank Interest Rates (March 2024)

Bank	Interest Rate (Fixed)	Interest Rate (Floating)
OCBC	3.88%	3m sora + 0.88%
Standard chartered	3.88	4.44
Maybank Singapore	3.68	-
DBS	3.88	3M SORA + 1%
CIMB	3.88% - 2 years Fixed	3M Sora + 0.8% - 2 years Fixed
UOB	3.50%	3 month Sora +0.6%

Let's discuss your options with the experts from SG Industrial Property Group, and we can craft a strategy that helps you thrive in today's market.