What are the current bank interest rate packages for HDB loan for 900k?

For an HDB loan of $900,000, here are some current interest rate packages available from banks in Singapore:

DBS Home Loan

• The fixed rates for the first two years can be as low as 2.48% to 2.53%, depending on the package.
• After the fixed period, the rate reverts to 3-month SORA (Singapore Overnight Rate Average) plus 1.00%.
• There is a lock-in period of 2 years, and you can switch to a floating rate of 3M SORA plus 0.35/0.40 during the lock-in period with a 100% penalty waiver on sale.

General Bank Loan Rates

• Current home loan rates from banks can range from around 2.20% to 2.60% for fixed rates in the initial years.
• For example, a loan at 2.6% per annum would result in monthly repayments of approximately $1,604 for a $900,000 loan, with a significant portion going towards interest.

HDB Loan

• HDB loans themselves have an interest rate of 2.6% per annum, which is generally higher than bank loan rates but comes with fewer restrictions.
• There is also an interest rate floor of 3% for calculating the eligible loan amount, but this does not affect the actual interest rate you pay.

To get the most accurate and up-to-date rates, it's advisable to check directly with the banks or use EdgeProp's resources to compare different loan packages and find the best fit for your needs.