*Notes for home bundle deal - The value of the home bundle deal of up to S$5,000 is the interest savings on OCBC products in this promotion. The S$5,000 value is derived with the assumptions as illustrated below. If the loan amount is higher than the loan amount used in this illustration, the interest savings will be higher. The total interest savings of S$5,000 consists of:
Savings of S$3,442 on the OCBC Home Loan
This is based on the interest savings for the 1st year for a home loan of S$820,000 on 30-year tenure at 1.50% per annum compared to the average interest rate (for one year) on the current standard 3-year Lock-In Variable Rate package at 1.68%, 1.98%, 2.28% for year 1, year 2 and year 3 respectively; and
Savings of S$1,558 on the OCBC Renovation Loan
This is based on the interest savings for 5 years for a renovation loan of $20,000 at 2.50% per annum compared to the current standard renovation loan package of 5.38% per annum on a monthly rest basis.
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