Posb hdb loan 1.6%

[Kixon9]

Received mailer get 1.6% and $888 for converting, wonder if there's any catch? Is 1.6% stable? Thks

 

[anfielder]

1.6% should be for first year only?

 

[flikmy]

Received mailer get 1.6% and $888 for converting, wonder if there's any catch? Is 1.6% stable? Thks

Think that is pegged to DBS's 9m FD rate. For Private property, it's even lower at 1.38% currently.
I think similar FD linked loans are available with other banks at even lower rates (even for HDB), so don't think DBS's promo is that great.