One unique feature is that the OHR offers customers a free switch if OCBC Home Rates were to shift upwards. The OHR benchmark is a rate that’s managed directly by the bank. How is OHR calculated, and should u consider taking up the OHR? Since October 2017, OCBC dropped the OCBC Fixed Deposit Monthly Rate (FDMR), which is their fixed deposit-linked home loan rate, and created a new product called the new OCBC Home Rate, or OHR.īorrowers may be confused with the introduction of yet another acronym.
How does OCBC compare to the other major banks when it comes to home loans?īelow, we have compiled a list of features for your benefit that are unique to OCBC when it comes to applying for a home loan with OCBC: OCBC Home Rate Package
In Singapore, there are quite a number of major banks that offer attractive interest rate packages for your financing needs.
