• More attractive interest rates over whole loan repayment period varying between SBM PLR (currently at 8.25% p.a.) and SBM PLR + 1.75% p.a.
• Financing up to 100% of project cost
• Up to 25 years repayment period (30 years repayment period also available subject to terms and conditions)
• Possibility to transfer your existing loan from another institution to SBM
• Borrow / redraw up to original limit for any purpose
• Up to 2 year moratorium on capital repayment option
• Possibility of lump sum payment
• Increase / reduce the monthly repayment amount
• Extend / shorten the period of the loan
• Pre-approved credit card (upon eligibility)
• Life assurance cover
• Minimum loan amount of Rs 100,000
• Security: Fixed Charge or Mortgage on immovable property
• Open to SBM and non-SBM customers

Other features/options*
The following options are also available subject to eligibility:
• Lower first year interest rates
• Homeloan linked to an overdraft facility

*Terms and Conditions apply

• Reduced costs for the customer with a competitive interest rate over the lifetime of the loan
• Up to 100% financing
• Longer repayment period reduces the monthly instalment payable, thereby allowing eligibility for a higher loan amount
• Eased cash flow with a loan repayment period of up to 30 years and a moratorium on capital repayment option of up to 2 years
• Benefit from our competitive interest rate and innovative features by transferring your existing loan from another institution to SBM
• Possibility to redraw up to the original limit without going through the hassle of new loan application procedures
• Flexible solution to suit changes in the customer’s lifestyle – adjust monthly repayment amount as per customer’s cash flow needs
• No need to tie up available funds in settling the fees and charges of loan – customer may borrow a loan amount that caters for that
• Pre-approved Credit Card
• Peace of mind with life assurance cover
• For loans above Rs 2M, customers may opt to pay an upfront early repayment fee of 0.25% (charged on original loan amount). The normal early repayment fee of 2% p.a. on loan amount paid in advance will hence be waived if customer makes advance payment