CIMB Bank Singapore Maintains Its SIBOR and SOR Floor Rate At 0.1%
We are pleased to advise that with the reduction in the cost of deposits, we shall maintain the floor rate of our existing consumer mortgage loans pegged to the applicable one-month and three-month Singapore Interbank Offered Rate (SIBOR) and three-month Swap Offer Rate (SOR) at 0.10%.
Additionally, for a limited time only we will be offering our impacted existing Singapore residential Mortgage accounts either a 2-year fixed rate package of 0.90% or a 3-year fixed rate package of 1.10% to safeguard against interest rate fluctuations in the current volatile market environment.
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