Fixed, floating or hybrid: Which home loan package works for you as interest rates rise

DBS, Singapore's largest lender, removed its five-year fixed rate HDB package on June 28, 2022. PHOTO: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Some home owners who had taken up floating rate loan packages may face a reality check as mortgage rates threaten to go through the roof.

Experts note that they could encounter issues switching to a fixed-rate package, with some banks such as Maybank and Standard Chartered axing such offerings in recent months.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.