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Old 27-02-2016, 12:58 PM   #8
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Join Date: Nov 2006
Posts: 7,387
Thanks doody for explaining, so if SIBOR raise every month, our base interest rate increase also ?
Quoted from their sign up page

2. The Base Interest Rate will fluctuate daily in accordance to the movement of 1 month SIBOR. For any day that is a weekend or a public holiday, the Base Interest Rate of the immediately preceding Business Day shall apply. "Business Day" refers to any day on which banks are open for business in Singapore other than Saturday, Sunday and gazetted public holidays in Singapore.
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