LOOKING FOR A HOME LOAN FOR YOUR SINGAPORE PROPERTY?
Let MoneyIQ helps you with your planning
Here are some free tools to help you started
Mortgage Calculators
01
Progressive Payment Calculator
Help you to estimate the payment for your new property under the progressive payment scheme.
02
New Purchase Mortgage Calculator
Not sure how much you can borrow? Use this calculator to do an estimate.
03
Refinance Savings Calculator
Out of lock-in period? Monthly payments increasing? Calculate your savings before your refinance.
Which Home Loan Type Should I Choose?
The type of home loan may affect your monthly payments and interest rate. Here’s a look at the pros and cons of some common loan types.
Fixed Rate
Suitable for:Homeowners who prefer stable payments.
Features:Usually rates are fixed for the first few years. Thereafter it will be a variable rate. Commonly there will be a penalty for partial or full redemption during the lock-in period.
SIBOR
Suitable for:Homeowners who are comfortable with changing payments.
Features:Commonly use rates are 1M or 3M SIBOR. Rate is transparent and can be found in papers. Provide a lot of flexibility in terms of repayment.
Fixed Deposit Rate
Suitable for:Homeowners who prefer some stability in their monthly payments.
Features:Uses the bank’s fixed deposit rate as a benchmark. Rates are priced internally by the respective bank.
Usually there is a lock-in period.
Board Rate
Suitable for:Homeowners who prefer some stability in their monthly payments.
Features:Uses the bank’s board rate as a benchmark. Rates are priced internally.
Read Popular Mortgage Topics
Our Blog Posts
01
5 Things to Consider Before Buying
These are five factors you must consider when you are thinking of purchasing a second property as …
02
How to Speed Up Your Mortgage Loan Approval
The mortgage loan approval process is tedious. These are some effective tips and tricks you can use to …
03
04
Fees You May Have to Pay Before Refinancing a Loan
Before you refinance a housing loan, there are fees and paperwork to be processed in Singapore. These are the costs of refinancing housing loans.
05
Is the Cost of Refinancing Really Worth It?
Do not decide to take a singapore refinance housing loan whimsically. It may very well leave you in all kinds of trouble that will last for years.
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OUR REVIEWS
What People Say
“While they might seem like a recent phenomenon, comparison websites here started about a decade ago with sites such as MoneyIQ, which helps people find better mortgages.”
“MoneyIQ.sg is all about helping home owners to find a better mortgage for their new purchase or when refinancing the existing one.”
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