Citibank now offers an excellent lock-when you look at the age of two years for all home loans. For Go Here the secure-in period, you simply cannot refinance your home loan to some other lender otherwise prepay your loan as opposed to incurring a penalty. It is essential to consider the lock-for the months before you apply getting home financing that you can apply at your self-reliance to switch to another lender otherwise prepay your mortgage.
To conclude, the loan period and you will money are essential a few before getting home financing of Citibank Singapore. Utilize the Citibank Home loan Calculator to determine your loan tenure and month-to-month instalments, and make sure to look at this new lock-into the several months before applying having home financing.
Refinancing Your residence Mortgage
For folks who already have a home loan which have Citibank Singapore, you may want to believe refinancing your own home loan. Refinancing your home financing will save you money on attract and relieve their monthly obligations.
When you should Imagine Refinancing
- Straight down rates of interest: In the event the interest levels possess diminished as you grabbed your unique mortgage, you’re in a position to save money on attract of the refinancing.
- Change in financial predicament: Whether your financial situation possess improved, you may be capable be eligible for less rate of interest otherwise most readily useful financing terminology.