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Mortgage Loan Interest Offset Calculator

Mortgage Loan Interest Offset Calculator

Make your savings work harder for you

Find out how you can enjoy potential interest savings with our Mortgage Loan Interest Offset feature.

Assumptions made to derive the results below
Assumed variable interest rates^ pegged with Compounded SORA (2-Year lock-in) Year 1 Year 2 Year 3 Thereafter
4.34% p.a. 4.34% p.a. 4.34% p.a. 4.69% p.a.

^The effective interest rates quoted above is calculated based on the following:

  • 3-month Compounded Singapore Overnight Rate Average (Compounded SORA) rate of 3.69340% (as at 5 Oct 2023); plus
  • interest rate spread (assumed to be 0.65%).

Such interest rate quoted above is indicative and is subject to change depending on, among others, the Compounded SORA rate prevailing on the specific reference date(s), the applicable interest rate spread and other pricing components which will vary according to your home loan package. The minimum effective interest rate (EIR) for Compounded SORA packages is 1.10%. Where the prevailing 3 month Compounded SORA rate plus applicable interest rate spread is below the minimum EIR, the minimum EIR will apply to your home loan and your monthly repayment will be computed based on the minimum EIR. The bank is not required to give you advance notice of the Compounded SORA rates which is applicable to your loan. The Mortgage Loan Interest Offset feature is only applicable to variable rate packages.

Find out how much interest savings you get with our mortgage calculator

S$  
  years

Offset feature is not available for fixed interest rates

300000

YOUR MORTGAGE OFFER*

(Values below are for illustration purpose only. The values will vary according to your loan tenure and the prevailing interest rates.)
EFFECTIVE FIRST YEAR INTEREST RATE (EIR)
0 p.a.
YOU PAY0per month

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