The loan package will offer interest rates of 2.68% pa and 3.38% pa respectively, for the second and third years.
These promotional interest rates for the Maybank three-year fixed rate home loan package are available to new home loan customers for three weeks. This package applies to both Housing and Development Board and private home loans.
These promotional rates are not applicable to the three-year cashback home loan package. Fixed rate home loan packages offer home loan borrowers certainty as the rates will not change regardless of market movements.
Helen Neo, head of consumer banking business at Maybank Singapore, said: Interbank rates have softened over the past few months. However, we expect interest rates to rebound in view of rising inflation in Singapore.
