DBS raises fixed home loan rate, scraps 5-year fixed package: report

The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.

DBS Bank has raised its two-year and three-year fixed home loan rate to 2.75% per annum, reports Bloomberg, based on a local report.

Singapore’s largest lender raised the rates on all its home loan packages on 28 June and scrapped its five-year fixed rate package for owners of public housing apartments.

The bank raised the rate on its two-year fixed rate package by 0.3 percentage points to 2.75% per annum, while the three-year fixed rate package is now 0.15 percentage points higher at 2.75% per annum.

UOB and OCBC also raised their rates last week, with their 2-year rates at 2.65% per annum.

Singapore home sales were at a six-month high in May, with the city-state’s rebounding economy fueling demand for housing.

Follow the link s for more news on

DBS

OCBC Bank

UOB

Home Loan Rate

Singapore Banks

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia