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Reduce your mortgage loan interest the smart way. Offset your mortgage loan interest while you save

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Offset your mortgage loan interest while you save

Reduce your mortgage loan interest the smart way with your deposits. Let our MortgageOne SORA package help you with this.

Savings

Interest earned on your deposits is offset against your loan interest. Any excess interest earned will be used to reduce your outstanding loan principal.

Shorter Loan Period

A large portion of your monthly loan instalments goes to the principal repayments, shortening your loan period.

Transparency

Interest rates are pegged to either Singapore Overnight Rate Average (SORA) or Fixed Deposit Rate (36M).

Flexibility

Make withdrawals on your deposits anytime, just like any other deposit accounts.

Mortgage facility terms apply. Pricing and mortgage facility terms are subject to change without prior notice.

Pricing and Features
Interest Rate	3-month Compounded SORA plus a margin for the Bank. Two-thirds of your deposits will enjoy the same rate as your mortgage loan, subject to a maximum of your loan principal outstanding. Remaining deposits will enjoy an interest rate of 0.25% p.a. Check out our latest SORA MOA package now.
Loan Size	Minimum SGD100,000
Fees	No processing fee
Type of Property	Private residential property only

CLICK HERE FOR MORE IMPORTANT INFORMATION FOR YOUR MORTGAGE FACILITY.

Illustration

mortgage-loan-illustration

Loan Calculator

Loan Amount* ($)
Loan Tenor* (years)
Deposits used to offset the interest payable on your Loan
Initial MortgageOne Deposit* ($)
Monthly Deposit* ($)
	* denotes mandatory field

Interest Rates*

MortgageOne Loan (%)

Year 1

Year 2

Year 3

Year 4

Year 5

Thereafter

Traditional Housing Loan^# (%)

Year 1

Year 2

Year 3

Year 4

Year 5

Thereafter

^# Traditional Housing Loan refers to the repayment of the mortgage by way of making regular payments of the capital (also called the principal) and interest over a set term.

Summary Of Results

MortgageOne (%)
	Interest Rate (%)	Monthly Instalment (S$)
Year 1	1	1
Year 2	1.5	2
Year 3	2	3
Year 4	2.5	4
Year 5	3	5
Thereafter	3.5	Thereafter

Traditional Housing Loan (%)
	Interest Rate (%)	Monthly Instalment (S$)
Year 1	2.98	1
Year 2	3.18	2
Year 3	3.38	3
Year 4	3.88	4
Year 5	3.88	5
Thereafter	3.88	Thereafter

Loan Details	MortgageOne
Effective Interest Rate
Net Interest Paid S$
Tenor ( Loan Fully Paid )

Loan Details	Traditional Housing Loan
Effective Interest Rate
Net Interest Paid S$
Tenor ( Loan Fully Paid )	15

Disclaimer

1. Please note that the "Initial MortgageOne Deposit" reflected herein does not refer to the minimum cash payment for the purchase of the property.

2. The resulting computation from the information provided above is for illustration purposes only and is not an offer of credit facilities by Standard Chartered Bank (Singapore) Limited.

3. Standard Chartered Bank (Singapore) Limited accepts no liability for any inaccuracies, errors, omissions, or for any loss (direct or indirect) arising from use of or reliance on the information and/or computations herein.

Note: You are encouraged to read the Association of Banks in Singapore (ABS) Guide on Home Loans before committing to any housing loan. The Guide is available on MoneySENSE's and ABS websites in the four official languages.

Priority Private MortgageOne Promotion Terms and Conditions
This Standard Chartered Priority Private MortgageOne Promotion (“Promotion”) is available for new MortgageOne facilities only. MortgageOne facility means a private residential property loan, or equity loan with the name MortgageOne which we offer to you as stated in our Facility Letter and is on a floating rate package that is offered by the Bank. You must be a Priority Private client with the Bank by the Effective Date as stipulated in the Facility Letter of your new MortgageOne Facility. See full terms and conditions here.

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.