Category Archives: Finance

SGD slips; Sibor, SOR higher following Fed hike

AS expected, the Singapore dollar fell and local interest rates rose on Thursday following the interest rate hike by the US Federal Reserve. The Fed raised the target range for its federal funds by 25 basis points to 0.5 per … Continue reading

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MAS fine-tunes refinancing rules under TDSR framework

The Monetary Authority of Singapore (MAS) said on Thursday (Sep 1) that it is fine-tuning the refinancing rules under the Total Debt Servicing Ratio (TDSR) framework to allow borrowers more flexibility in managing their debt obligations. The move was in … Continue reading

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A deleveraging nudge from fine-tuning of TDSR rules on refinancing

The Monetary Authority of Singapore‚Äôs recent fine-tuning of refinancing rules relating to the total debt servicing ratio (TDSR) governing property loans is a strong nudge towards deleveraging. Stretched borrowers who hold investment properties will have to think about actively managing … Continue reading

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MAS adjusts TDSR rules for refinancing; cooling measures to remain

THE Monetary Authority of Singapore (MAS) on Thursday refined rules behind the total debt servicing ratio (TDSR) framework that would allow overleveraged borrowers to refinance their housing loans, subject to a prescribed debt restructuring plan. “The refinements… do not represent … Continue reading

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UOB suspends London property loans after Brexit

United Overseas Bank (UOB), Singapore’s third-largest lender, has suspended its loans programme for London properties in the wake of uncertainties caused by Britain’s vote to leave the European Union. UOB would be among the first banks in Singapore to turn … Continue reading

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Applying for a loan? Find out your credit standing

Starting next month, consumers applying for a new credit facility with a bank or financial institution will be told they can get a free copy of their credit report, regardless of the outcome of the application. The move is to … Continue reading

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1 in 5 HDB loan applicants asked for larger loans: MND

The Housing and Development Board (HDB) approved 200,000 applications for an HDB Loan Eligibility letter between 2012 and 2015 and of these, one in five, or 40,000, appealed for a larger housing loan. Appellants generally asked for a larger loan … Continue reading

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Manage the impact of interest rates

After nearly a decade of lingering at low levels, interest rates have been on the rise for the past year, and economists had forecast continuing increases. Over the past several weeks, however, rates have belied those expectations and flattened or … Continue reading

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More facing problems refinancing homes due to TDSR

Home owners looking to refinance their properties are finding it increasingly difficult to do so against the backdrop of falling property prices, stringent definitions of what constitutes income and the tedious paperwork involved. Conservative property valuations also mean that only … Continue reading

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3-month Sibor crosses 1.25% mark

A key benchmark interest rate used to price home loans rose again on Wednesday (Jan 13), crossing the 1.25 per cent mark to reach a level last seen about seven years ago. According to data from the Association of Banks … Continue reading

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